DUBLIN, June 23, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/66x38v/green_packaging) has announced the addition of the "Green Packaging Market in the US 2015-2019" report to their offering.
The analysts forecast the Green Packaging Market in the US to grow at a CAGR of 6.16 percent over the period 2014-2019.
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.
The report covers the present scenario and the growth prospects of the Green Packaging market in the US for the period 2015-2019. The market is segmented based on the following criteria: types of packaging material and end-user.
The emergence of biodegradable plastics is a major trend in the market. Biodegradable plastics are easily decomposed by microorganisms, which reduce their effect on the environment. Many government organizations, non-government organizations, industry bodies, educational institutions, and research institutes are involved in the R&D of innovative types of green packaging.
According to the report, innovation in green packaging materials because of the introduction of several new eco-friendly products is a major contributor to market growth. This is creating intense competition between the large players in the market.
Further, the report states that lack of awareness among consumers is a major hindrance to market growth. Rapid changes in the Technology sector has made consumers opt for materials and products with a short lifespan.
- Crown Holding
Other Prominent Vendors
- Cardinal Health
- Clondalkin Group Holdings
- Graphic Packaging Holding
- Plastipak Packaging
- Sealed Air
- Silgan Holdings
For more information visit http://www.researchandmarkets.com/research/66x38v/green_packaging
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets