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Global Sustainable Plastic Packaging Market By Process (Recyclable, Reusable, Others), By Packaging Type (Rigid, Industrial, Others), By Application (Healthcare, Personal Care, Others), By Region–Forecast & Opportunities to 2026

The global sustainable plastic packaging market accounted for a value of USD 82.3 billion in 2019. Sustainable plastic packaging market projected to register growth at a CAGR of 5.1% during forecast period.

COVID-19 has impacted all the businesses over the globe. The supply chain has been disrupted due to travel restriction. The plants were shut due to lockdown. The demand for sustainable packaging has declined due to decline in growth of various end-user industries. The market will foresee growth from 2021.

Definition:

Sustainable plastic packaging can be defined as packaging which can be decomposable in environment and does not cause any harm to environment. These packaging are sued to protect content inside it from damage and helps in preventing it from microbes, dust and any external damage

Market Dynamics (Drivers/Opportunities):

The pollution is increasing in the world rapidly. The rising level of pollution is the major concern for government across the world. Governments are taking various initiatives in order to reduce the pollution level across the world. The pollution caused by plastic is a matter of concern thus, governments are promoting use of biodegradable plastics. This drives growth in sustainable plastic packaging market during forecast period.

The awareness among consumers is increasing about positive sides of using sustainable plastic products due to which they are demand this type of packaging. This increases demand of such packaging. Various end-user industries are also adopting such packaging which drives growth in sustainable plastic packaging market during forecast period.

Market Insights, by Process

On the basis of process, the sustainable plastic packaging market is segmented into recyclable, reusable and biodegradable. The biodegradable segment is projected to be fastest growing segment during forecast period. The biodegradable plastics can be decomposable naturally in the environment. These plastics are less harmful to environment then other plastics. It is composed of bio-plastics which is manufactured from renewable raw materials. Governments across various regions promote use of biodegradable plastics. This drives growth in biodegradable plastics process during forecast period.

Market Insights, by Packaging Type

On the basis of packaging type, the sustainable plastic packaging market is segmented into rigid, industrial and flexible packaging type. The rigid segment is estimated to hold largest market share during forecast period. These plastics packaging are majorly used for residential consumer use and these plastics are recyclable but not much flexible. This drives growth in rigid packaging segment during forecast period.

Market Insights, by Application

On the basis of application, the sustainable plastic packaging market is segmented into food & beverage, personal care and healthcare and others. The food & beverage segment accounted for largest market share in 2019. It is estimated to register growth at highest CAGR during forecast period. Food packaging helps in increasing shelf life of food products. Many across the world have developed packaging from recyclable and degradable materials so that it doesn’t harm environment in any way and achieve sustainability. The health awareness is growing immensely and consumers are looking for hygiene and quality food. This drives growth in sustainable plastic packaging in food & beverage industry during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The population is growing rapidly in this region along with the growth in economy. Various countries such as India and China in this region are estimated to register highest growth during forecast period. This region is adopting sustainable plastic packaging at large scale as it does not harm environment and is decomposable in environment. The awareness among customers is increasing about healthy lifestyle and quality food products along with eco-friendly packaging in this region which increases demand for sustainable plastic packaging. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in sustainable plastic packaging industry are Amcor Plc., Sonoco Products, Sealed Air Corporation, Huhtamaki OYJ, Berry Global Group Inc., Smurfit Kappa, Mondi Plc, Uflex Ltd., Constantia Flexiles, Genpak LLC, Plastic Suppliers, Natureworks LLC, Phoenix Technologies International, Novamont S.P.A. and Innovia Films.

Segments Covered in the Report

This report forecasts The Global Sustainable Plastic Packaging Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global sustainable plastic packaging market report on the basis of process, packaging type, and application.

Sustainable Plastic Packaging Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Sustainable Plastic Packaging Market, By Process , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Recyclable
  • Reusable
  • Biodegradable
  1. Sustainable Plastic Packaging Market, By Packaging Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Rigid
  • Industrial
  • Flexible Packaging Type
  1. Sustainable Plastic Packaging Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Food & Beverage
  • Personal Care
  • Healthcare
  • Others
  1. Sustainable Plastic Packaging Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Process
    • By Packaging Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Process
      • By Packaging Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Process
        • By Packaging Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Process
          • By Packaging Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Process
            • By Packaging Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Innovia Films
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Amcor Plc.
    • Sonoco Products
    • Sealed Air Corporation
    • Huhtamaki OYJ
    • Berry Global Group Inc.
    • Smurfit Kappa
    • Mondi Plc
    • Uflex Ltd.
    • Constantia Flexile
    • Genpak LLC
    • Plastic Suppliers
    • Natureworks LLC
    • Phoenix Technologies International
    • Novamont S.P.A.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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