Report predicts global sustainable packaging market to grow at CAGR of 14% from 2010 to 2014, influenced by new packaging concepts, corporations' need to comply with regulatory standards, environmental concerns
October 20, 2011
– Research and Markets(http://www.researchandmarkets.com/research/4dd11e/global_green_sust) has announced the addition of the "Global Green (Sustainable) Packaging Market 2010-2014" report to their offering.
One of the key factors contributing to this market growth is the need to comply with regulatory norms. The Global Green Packaging market has also been witnessing the standardization of sustainable packaging. However, the high costs of production could pose a challenge to the growth of this market.
This report focuses on the Americas, EMEA, and APAC regions; it also covers the current market landscape and its growth prospects.
Commenting on the report, an analyst from TechNavio's Cleantech team said, The consistent growth within the Global Green Packaging market is mainly as a result of various factors that are influencing the Packaging industry. The rising need to comply with regulatory standards set by the various national authorities is one of the main reasons for growth. There is also increasing concern over the environmental hazards due to the use of excessive packaging materials and packaging waste. Many manufacturers are implementing eco-efficient methods to incorporate sustainable packaging by reducing CO2 emissions, setting waste reduction targets, and using recyclable materials. Further, consumers are becoming highly aware of sustainable packaging because of increasing health consciousness and high disposable incomes.
According to the report, the steady growth of the Global Green Packaging market is expected to continue because of the emergence of new innovative packaging concepts. The Packaging industry is witnessing a shift in the usage of certain recyclable materials. Glass is one such material that will contribute toward the growth of the industry. Many retailers have been innovating and implementing changes in their packaging to optimize the entire system. Companies such as Kraft Foods, ConAgra, Marks & Spencer, and Wal-Mart have been playing a significant role in optimizing packaging. The report also discusses environmental concerns about the packaging production process and how this might affect market growth.
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