Green Packaging Market is poised to grow substantially till 2025

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Green Packaging Market is expected to witness
significant growth to 2025 Global Market
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Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Green Packaging Market

• The Asia Pacific green packaging market is
  expected to witness a high development due to the
  presence of the robust manufacturing and
  logistics sector. China, India, and South Korea
  are witnessing a rapid expansion owing to the
  emergence of large consumer base for packed
  ready to eat food products and high government
  focus for sustainable development initiatives.
• The European countries including Germany and
  France are expected to support several
  opportunities for the market growth owing to
  governmental regulations by the European Union
  for promoting the concept of sustainable
  development. In addition, Horizon 2020, an
  initiative by the European Commission has been
  implemented to promote the usage of new
  biodegradable products, creating a positive
  impact on the market.

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Application Analysis of Green Packaging Market

• In the green packaging market, the recycled
  content type is developing rapidly owing to its
  increased demand in the food beverage industry.
  The segment will further boost the increasing
  prominence of the food beverage service sector
  owning to escalating diners, restaurants, and
  cafes. The reusable type is also gaining
  popularity in the green packaging market due to
  the use of durable materials and is designed for
  reusing with extended product life. Returnable
  and reusable containers are used to ship
  transport pharmaceuticals, chemicals, and bulk
  foods. Major reusable types include containers,
  plastic boxes, drums, and wooden pallets,
  supporting the demand for green packs.
• The food and beverage application in the green
  packaging is developing globally due to the
  adoption of eco-friendly initiatives and usage of
  recyclable materials. Majority of the vendors are
  moving toward greener packing options to support
  these initiatives and comply with government
  regulations. The growing demand for dairy
  products packed in eco-friendly packages will
  drive the green packaging market growth. The
  growing implementation of sustainable packages in
  the healthcare segment is also expected to
  witness steady growth over the forecast timespan.

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Competitive Market Share of Green Packaging
Market
The green packaging market players include Mondi
Ltd., TetraPak International, Amcor Ltd., Bemis
Company, and DuPont. These companies have adopted
various strategies such as product launches,
joint ventures, collaboration, and investments.
They have also formed strategic partnerships and
direct alliances with other application
industries. For instance, in January 2019,
Samsung Electronics announced the introduction of
its eco-friendly packaging solutions. The company
has planned to minimize pack sizes and replace
traditional materials with environmentally
sustainable materials.
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