Growing demand for advanced material across several industries is a significant factor influencing growth of the sustainable plastic packaging market.
The global sustainable plastic packaging market is expected to be valued at USD 27.50 billion by end of 2028 from USD 80 billion in 2020, expanding at a CAGR of 6% over the forecast period. Rising government initiatives for encouraging adoption of biodegradable or recyclable plastic has a huge impact on social scenarios, which is propelling growth of the market. These initiatives coupled with stringent regulations imposed government globally are encouraging further funding for enhancing reach of material to general consumer. These factors are fueling growth of the sustainable plastic packaging market and are projected to benefit market growth over the foreseeable future.
By Packaging Type Outlook (Revenue, USD Billion; 2018-2028)
By Packaging Outlook (Revenue, USD Billion; 2018-2028)
By Process Outlook (Revenue, USD Billion; 2018-2028)
Food & beverage
The key geographical regions analyzed in the report are:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Reasons to buy this market intelligence report:
Investigation of significant developments in the market dynamics.
Niche market segments and regions.
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