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Green Packaging Market Is Expected To Reach US$ 228.6 Bn By 2024

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Green or sustainable packaging is prepared by usage of renewable energy, design as well as related materials to reduce the environmental impact through its lifecycle. The green packaging are energy efficient and utilizes eco-friendly methodology and biodegradable materials. The growing awareness related to health all across the globe along with environmental issues have impelled the demand for green packaging based food or personal care products. Over the past few years, green packaging have also observed an upper hand in pharmaceutical sector as well. The bio plastic packaging have gained momentum in pharmaceutical and healthcare usages. The waste generation, unproductive utilization of materials and resources, and industrial pollution is expected to further create more demand for green packaging based products over the forecast period. Apart from this, changing preferences of consumers towards eco-friendly and sustainable packaging is expected to impel the growth of green packaging market.

Rising health and hygiene consciousness, increase in healthcare expenditure as well as rising intake of healthy food as well as higher consumption of organic and ready to eat products is anticipated to expand the growth of green packaging market over the forecast period. Rising utilization of innovative technology and thus enabling the producers to develop new products is further likely to impel the growth of green packaging market between 2016 and 2024.

Considering the competition, this market is characterized by presence of various players some of which are small-scale players and some are the largest in number. In order to enhance their presence in the overall global market, the companies are focusing on research and development as well as new product development. The companies are entering into manufacturing of innovative packaging products which will help in strengthening the growth of the market.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Green Packaging contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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