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Eco Friendly Food Packaging Market Key Insights
Eco Friendly Food Packaging Market Analysis by Regions
Eco Friendly Food Packaging Market Analysis by Segments
Eco Friendly Food Packaging Market Size (current and future)
Eco Friendly Food Packaging Market Competitive Benchmarking
2 years ago
Global Eco-Friendly Food Packaging Market Size study, by Material (Paper & Paperboard, Plastic, Metal, Glass, Others), Application (Food, Beverages) Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging), Technique(Active packaging, Molded packaging, Alternate fiber packaging, Multipurpose packaging) and Regional Forecasts 2020-2026.
Global Eco-Friendly Food Packaging Market is valued approximately USD 162.66 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.40 % over the forecast period 2019-2026. Eco-friendly packaging are environmentally-friendly packaging made of recycled or renewable materials which are safe and sustainable for both individuals and the environment. The advantage...
Eco Friendly Food Packaging Market
For some time now, eco-friendly and sustainable products have been all the rage. From banning plastic straws to banning plastic carrier bags, an increasing number of governments around the world are recognizing the environmental devastation caused by single-use plastics. And now that consumers are demanding less packaging or, at the very least, eco-friendly packaging, the tide is beginning to turn.
The global market for eco-friendly food packaging is projected to expand at a CAGR of **% over the next five years. Material, package type, and end-user have been used to segment the market.
The market is segmented by material into plastics, paper, and other materials. Based on the type of packaging, it is separated into Tetra Pak®, pouches, cans, and bottles, among others. It has been segmented based on end-user into food and beverage manufacturers, food retailers, and others.
During 2018–2031, the Asia-Pacific region is anticipated to be the fastest-growing regional market for eco-friendly food packaging. The main reason for this growth is that people in this region are becoming more aware of sustainability issues and are investing more in research and development for greener solutions.
Tetra Pak, AkzoNobel, Dow Chemical Company, 3M Corporation, and BASF SE are the market leaders in environmentally friendly food packaging.
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