DUBLIN, Mar. 23, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/vgvh3c/global_green) has announced the addition of the "Global Green Packaging Market 2015-2019" report to their offering.
The Global Green Packaging market to grow at a CAGR of 7.84% over the period 2014-2019
Green packaging is produced from sustainable, renewable, and recyclable raw materials. Green packaging technology uses materials such as paper, plastic, metal, and glass, which can be easily bent or molded as needed. One of the major advantages of green packaging is that it produces fewer toxic emissions.
With increased environmental concerns worldwide and the need to reduce toxic emissions, green packaging is increasingly being adopted by the F&B, Healthcare, and Personal Care industries. This has resulted in high demand for green or sustainable packaging.
One key trend emerging in this market is stringent government regulations. Various governments are taking initiatives to clean the environment and have formulated strict regulations for eco-friendly packaging, which the vendors of different industries have to adhere to.
According to the report, one of the major drivers upcoming in this market is the increased demand from the F&B industry. The industry is witnessing rapid growth in the Global Green Packaging market as most of the companies operating in the F&B industry are focusing more on sustainability and eco-friendly packaging.
Further, the report states that one of the major challenges that the market faces is the high initial investment. New packaging designs, tools, and equipment that are used to manufacture sustainable packaging incur high initial investment to companies.
- Tetra Laval
Other Prominent Vendors
- Airlite Plastics
- Ardagh Group
- Berkley International Packaging
- Biomass Packaging
- Clondalkin Group Holdings
- Crown Holdings
- Emerald Packaging
- Evergreen Packaging
- Gerresheimer Group
- Graham Packaging
- Graphic Packaging
- Intrapac Group
- SIG Combibloc Group
- Smurfit-Stone Container
- Wipak Group
For more information visit http://www.researchandmarkets.com/research/vgvh3c/global_green
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SOURCE Research and Markets