The Sustainable Plastic Packaging Market size was valued at USD 91.25 billion in 2023 and is expected to Reach USD 138.95 billion by 2031 and grow at a CAGR of 5.4% over the forecast period of 2024-2031.
Sustainable packaging is a method of packaging a variety of materials using biodegradable films materials that are environmentally safe and can be recycled or reused. The increased use of biodegradable materials in packaging protects the environment and reduces pollution as they can be recycled and used in other types of packaging materials.
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A major factor driving the market growth is the growing consumer preference for recyclable and environmentally friendly materials. Other factors include the increasing miniaturization of packaging, advances in new technology and innovation, the prevalence of non-biodegradable materials, increasing public awareness of environmental health issues such as soil pollution, and increasing public awareness of the harmful effects of plastic. including elevation. There is a growing consumer demand to use more Green Packaging
Governments around the world are enacting regulations to tackle plastic waste and promote sustainable packaging practices. These regulations include bans or restrictions on single-use plastics, extended producer responsibility (EPR) policies, mandatory requirements for recycled content, and labeling standards. The regulatory environment is shaping the market by setting guidelines and promoting the adoption of sustainable plastic packaging.
The sustainable plastic packaging market presents significant growth opportunities for companies focused on sustainability, innovation and collaboration. The market is expected to continue to grow as the demand for eco-friendly packaging solutions increases, driving the move towards a more sustainable circular economy.
KEY DRIVERS:
Increasing demand for sustainable packaging solutions
Growing awareness of the negative impact of plastic pollution on ecosystems and human health has led to a shift in consumer preference toward sustainable packaging solutions. Governments, organizations and individuals are actively looking for alternatives to traditional plastic packaging, increasing demand for sustainable options.
Environmentally friendly and Sustainable Plastic Packaging has often been beneficial for costs and resource conservation.
RESTRAIN:
The challenges for businesses can be the lack of clarity and consistency between regulatory regulations within a given region.
Various regulations on labeling, certification and definition of sustainable packaging can cause confusion and hinder the adoption of standardized practices. By harmonizing regulations and providing clearer guidelines, we can support market growth and facilitate the adoption of sustainable packaging solutions.
OPPORTUNITY:
Innovation and Research & Development in the Sustainable Plastics Packaging Sector
Companies can invest in developing new materials, technologies and manufacturing processes that improve the performance, functionality and sustainability of their packaging solutions. Advances in areas such as bio-based plastics, compostable materials, and recycling technologies may open the door to new market segments and applications.
Investment in recycling infrastructure and waste management systems can generate demand for sustainable plastic packaging.
CHALLENGES:
Lack of existing infrastructure and recycling facilities for sustainable packaging materials.
Russia Ukraine ware had a negative impact on the global market. The European region was majorly affected due to the conflict. This was mainly due to the rise in prices of oil and energy. The oil prices went up to $112/barrel. The raw material required for the production of the plastic is petroleum. But the hike in prices reduced overall production, which affected the sustainability goals of major businesses. Due to this, businesses shifted to the traditional packaging method to reduce costs. Sustainable packaging is costly as compared to traditional packaging methods.
Energy products accounted for about 65% of total EU imports from Russia. 30% of EU oil imports and 40% of total gas imports came from Russia. In Estonia, Poland, Slovakia and Finland, more than 70% of their oil imports came from Russia.
Due to the recession in US and Europe, there was volatility in raw material prices which affected the business but did not affect the business as compared to the previous year. Production decreased by 2.1% by the end of 2022, which businesses will overcome in few months.
Due to the recession, there was less demand for the personal care industry due to which there might be a downfall of 7 % in the personal care industry sales, which will affect sustainable plastic packaging.
By Packaging Type
Rigid
Flexible
Industrial
By Packaging Format
Primary
Secondary
Tertiary
By Process
Recyclable
Reusable
Based on Process, demand for recyclable materials such as paper, hence the recycling sector accounts for the largest share of the total market revenue.
By Application
Food & Beverages
Automobile & Electronics
Pharmaceuticals
Agriculture
Others
Baes on the end-user segment or application the food & beverage sector dominated the market. This is due to the need of sustainable plastic packaging need for reducing food wastage and increasing the shelf life of the product. Products developed from recycled and degradable materials are in huge demand globally, which is also driving the market.
Asia Pacific region will dominate the sustainable plastic packaging market over the forecast period. According to the World Bank, the Aisa Pacific region is the fastest-growing region in terms of increasing populations as well as economic growth. In this region countries such as India and China are going to show high demand for the sustainable plastic packaging market due to growing development activities and rising economy. The continuously growing customer base for the food & beverage sector will give growth to the market in this region.
Also, growing consumer awareness about sustainability, and lower labor costs will drive the market in this region.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major Players are Amcor plc, Tetra Laval International SA, Sonoco Products Company, Sealed Air, Ball Corporation, Smurfit Kappa, Berry Global Inc, DuPont, Evergreen Packaging LLC, WestRock Company and other players.
The Fost Plus group has signed an agreement with Morssinkhof Plastics Belgium to build a new recycling plant that will convert PET, PE and HDPE packaging waste into raw materials for further plastic packing production expected to recycle approximately 40 000 tonnes per year.
LyondellBasell and Shakti Plastic Industries Sign Memorandum of Understanding (MoU) to Promote Machinery Recycling in India.
A sustainable packaging substitute using hemp based biomaterial has been developed by researchers at Western University.
| Report Attributes | Details |
| Market Size in 2023 | US$ 91.25 Bn |
| Market Size by 2031 | US$ 138.95 Bn |
| CAGR | CAGR of 5.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Packaging Type (Rigid, Flexible, Industrial) • By Packaging Format (Primary, Secondary, Tertiary) • By Process (Recyclable, Reusable, Biodegradable) • By Application (Food & Beverages, Automobile & Electronics, Pharmaceuticals, Agriculture, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Amcor plc, Tetra Laval International SA, Sonoco Products Company, Sealed Air, Ball Corporation, Smurfit Kappa, Berry Global Inc, DuPont, Evergreen Packaging LLC, WestRock Company |
| Key Drivers | • Increasing demand for sustainable packaging solutions • Environmentally friendly plastic packaging has often been beneficial for costs and resource conservation. |
| Market Restraints | • The challenges for businesses can be the lack of clarity and consistency between regulatory regulations within a given region. |
Ans. The Sustainable Plastic Packaging Market size was USD 86.58 billion in 2022.
Ans. Sustainable Plastic Packaging Market is growing at a CAGR of 5.2 %.
Ans. Asia Pacific is the fastest-growing region of the Sustainable Plastic Packaging Market.
Ans. Emerging economies such as India and China are having opportunities for the growth of the market.
Ans. Increasing demand for sustainable packaging solutions is major driver for this market growth.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Sustainable Plastic Packaging Market Segmentation, by Packaging Type
8.1 Rigid
8.2 Flexible
8.3 Industrial
9. Sustainable Plastic Packaging Market Segmentation, by Packaging Format
9.1 Primary
9.2 Secondary
9.3 Tertiary
10. Sustainable Plastic Packaging Market Segmentation, by Process
10.1 Recyclable
10.2 Reusable
10.3 Biodegradable
11. Sustainable Plastic Packaging Market Segmentation, by Application
11.1 Food & Beverages
11.2 Automobile & Electronics
11.3 Pharmaceuticals
11.4 Agriculture
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Sustainable Plastic Packaging Market by Country
12.2.2North America Sustainable Plastic Packaging Market by Packaging Type
12.2.3 North America Sustainable Plastic Packaging Market by Packaging Format
12.2.4 North America Sustainable Plastic Packaging Market by Process
12.2.5 North America Sustainable Plastic Packaging Market by Application
12.2.6 USA
12.2.6.1 USA Sustainable Plastic Packaging Market by Packaging Type
12.2.6.2 USA Sustainable Plastic Packaging Market by Packaging Format
12.2.6.3 USA Sustainable Plastic Packaging Market by Process
12.2.6.4 USA Sustainable Plastic Packaging Market by Application
12.2.7 Canada
12.2.7.1 Canada Sustainable Plastic Packaging Market by Packaging Type
12.2.7.2 Canada Sustainable Plastic Packaging Market by Packaging Format
12.2.7.3 Canada Sustainable Plastic Packaging Market by Process
12.2.7.4 Canada Sustainable Plastic Packaging Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Sustainable Plastic Packaging Market by Raw Process
12.2.8.2 Mexico Sustainable Plastic Packaging Market by Packaging Format
12.2.8.3 Mexico Sustainable Plastic Packaging Market by Process
12.2.8.4 Mexico Sustainable Plastic Packaging Market by Application
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Sustainable Plastic Packaging Market by Country
12.3.1.2 Eastern Europe Sustainable Plastic Packaging Market by Packaging Type
12.3.1.3 Eastern Europe Sustainable Plastic Packaging Market by Packaging Format
12.3.1.4 Eastern Europe Sustainable Plastic Packaging Market by Process
12.3.1.5 Eastern Europe Sustainable Plastic Packaging Market by Application
12.3.1.6 Poland
12.3.1.6.1 Poland Sustainable Plastic Packaging Market by Packaging Type
12.3.1.6.2 Poland Sustainable Plastic Packaging Market by Packaging Format
12.3.1.6.3 Poland Sustainable Plastic Packaging Market by Process
12.3.1.6.4 Poland Sustainable Plastic Packaging Market by Application
12.3.1.7 Romania
12.3.1.7.1 Romania Sustainable Plastic Packaging Market by Packaging Type
12.3.1.7.2 Romania Sustainable Plastic Packaging Market by Packaging Format
12.3.1.7.3 Romania Sustainable Plastic Packaging Market by Process
12.3.1.7.4 Romania Sustainable Plastic Packaging Market by Application
12.3.1.8 Hungary
12.3.1.8.1 Hungary Sustainable Plastic Packaging Market by Packaging Type
12.3.1.8.2 Hungary Sustainable Plastic Packaging Market by Packaging Format
12.3.1.8.3 Hungary Sustainable Plastic Packaging Market by Process
12.3.1.8.4 Hungary Sustainable Plastic Packaging Market by Application
12.3.1.9 Turkey
12.3.1.9.1 Turkey Sustainable Plastic Packaging Market by Packaging Type
12.3.1.9.2 Turkey Sustainable Plastic Packaging Market by Packaging Format
12.3.1.9.3 Turkey Sustainable Plastic Packaging Market by Process
12.3.1.9.4 Turkey Sustainable Plastic Packaging Market by Application
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Sustainable Plastic Packaging Market by Packaging Type
12.3.1.10.2 Rest of Eastern Europe Sustainable Plastic Packaging Market by Packaging Format
12.3.1.10.3 Rest of Eastern Europe Sustainable Plastic Packaging Market by Process
12.3.1.10.4 Rest of Eastern Europe Sustainable Plastic Packaging Market by Application
12.3.2 Western Europe
12.3.2.1 Western Europe Sustainable Plastic Packaging Market by Country
12.3.2.2 Western Europe Sustainable Plastic Packaging Market by Packaging Type
12.3.2.3 Western Europe Sustainable Plastic Packaging Market by Packaging Format
12.3.2.4 Western Europe Sustainable Plastic Packaging Market by Process
12.3.2.5 Western Europe Sustainable Plastic Packaging Market by Application
12.3.2.6 Germany
12.3.2.6.1 Germany Sustainable Plastic Packaging Market by Packaging Type
12.3.2.6.2 Germany Sustainable Plastic Packaging Market by Packaging Format
12.3.2.6.3 Germany Sustainable Plastic Packaging Market by Process
12.3.2.6.4 Germany Sustainable Plastic Packaging Market by Application
12.3.2.7 France
12.3.2.7.1 France Sustainable Plastic Packaging Market by Packaging Type
12.3.2.7.2 France Sustainable Plastic Packaging Market by Packaging Format
12.3.2.7.3 France Sustainable Plastic Packaging Market by Process
12.3.2.7.4 France Sustainable Plastic Packaging Market by Application
12.3.2.8 UK
12.3.2.8.1 UK Sustainable Plastic Packaging Market by Packaging Type
12.3.2.8.2 UK Sustainable Plastic Packaging Market by Packaging Format
12.3.2.8.3 UK Sustainable Plastic Packaging Market by Process
12.3.2.8.4 UK Sustainable Plastic Packaging Market by Application
12.3.2.9 Italy
12.3.2.9.1 Italy Sustainable Plastic Packaging Market by Packaging Type
12.3.2.9.2 Italy Sustainable Plastic Packaging Market by Packaging Format
12.3.2.9.3 Italy Sustainable Plastic Packaging Market by Process
12.3.2.9.4 Italy Sustainable Plastic Packaging Market by Application
12.3.2.10 Spain
12.3.2.10.1 Spain Sustainable Plastic Packaging Market by Packaging Type
12.3.2.10.2 Spain Sustainable Plastic Packaging Market by Packaging Format
12.3.2.10.3 Spain Sustainable Plastic Packaging Market by Process
12.3.2.10.4 Spain Sustainable Plastic Packaging Market by Application
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Sustainable Plastic Packaging Market by Packaging Type
12.3.2.11.2 Netherlands Sustainable Plastic Packaging Market by Packaging Format
12.3.2.11.3 Netherlands Sustainable Plastic Packaging Market by Process
12.3.2.11.4 Netherlands Sustainable Plastic Packaging Market by Application
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Sustainable Plastic Packaging Market by Packaging Type
12.3.2.12.2 Switzerland Sustainable Plastic Packaging Market by Packaging Format
12.3.2.12.3 Switzerland Sustainable Plastic Packaging Market by Process
12.3.2.12.4 Switzerland Sustainable Plastic Packaging Market by Application
12.3.2.13 Austria
12.3.2.13.1 Austria Sustainable Plastic Packaging Market by Packaging Type
12.3.2.13.2 Austria Sustainable Plastic Packaging Market by Packaging Format
12.3.2.13.3 Austria Sustainable Plastic Packaging Market by Process
12.3.2.13.4 Austria Sustainable Plastic Packaging Market by Application
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Sustainable Plastic Packaging Market by Packaging Type
12.3.2.14.2 Rest of Western Europe Sustainable Plastic Packaging Market by Packaging Format
12.3.2.14.3 Rest of Western Europe Sustainable Plastic Packaging Market by Process
12.3.2.14.4 Rest of Western Europe Sustainable Plastic Packaging Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Sustainable Plastic Packaging Market by Country
12.4.2 Asia Pacific Sustainable Plastic Packaging Market by Packaging Type
12.4.3 Asia Pacific Sustainable Plastic Packaging Market by Packaging Format
12.4.4 Asia Pacific Sustainable Plastic Packaging Market by Process
12.4.5 Asia Pacific Sustainable Plastic Packaging Market by Application
12.4.6 China
12.4.6.1 China Sustainable Plastic Packaging Market by Packaging Type
12.4.6.2 China Sustainable Plastic Packaging Market by Packaging Format
12.4.6.3 China Sustainable Plastic Packaging Market by Process
12.4.6.4 China Sustainable Plastic Packaging Market by Application
12.4.7 India
12.4.7.1 India Sustainable Plastic Packaging Market by Packaging Type
12.4.7.2 India Sustainable Plastic Packaging Market by Packaging Format
12.4.7.3 India Sustainable Plastic Packaging Market by Process
12.4.7.4 India Sustainable Plastic Packaging Market by Application
12.4.8 Japan
12.4.8.1 Japan Sustainable Plastic Packaging Market by Packaging Type
12.4.8.2 Japan Sustainable Plastic Packaging Market by Packaging Format
12.4.8.3 Japan Sustainable Plastic Packaging Market by Process
12.4.8.4 Japan Sustainable Plastic Packaging Market by Application
12.4.9 South Korea
12.4.9.1 South Korea Sustainable Plastic Packaging Market by Packaging Type
12.4.9.2 South Korea Sustainable Plastic Packaging Market by Packaging Format
12.4.9.3 South Korea Sustainable Plastic Packaging Market by Process
12.4.9.4 South Korea Sustainable Plastic Packaging Market by Application
12.4.10 Vietnam
12.4.10.1 Vietnam Sustainable Plastic Packaging Market by Packaging Type
12.4.10.2 Vietnam Sustainable Plastic Packaging Market by Packaging Format
12.4.10.3 Vietnam Sustainable Plastic Packaging Market by Process
12.4.10.4 Vietnam Sustainable Plastic Packaging Market by Application
12.4.11 Singapore
12.4.11.1 Singapore Sustainable Plastic Packaging Market by Packaging Type
12.4.11.2 Singapore Sustainable Plastic Packaging Market by Packaging Format
12.4.11.3 Singapore Sustainable Plastic Packaging Market by Process
12.4.11.4 Singapore Sustainable Plastic Packaging Market by Application
12.4.12 Australia
12.4.12.1 Australia Sustainable Plastic Packaging Market by Packaging Type
12.4.12.2 Australia Sustainable Plastic Packaging Market by Packaging Format
12.4.12.3 Australia Sustainable Plastic Packaging Market by Process
12.4.12.4 Australia Sustainable Plastic Packaging Market by Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Sustainable Plastic Packaging Market by Packaging Type
12.4.13.2 Rest of Asia-Pacific APAC Sustainable Plastic Packaging Market by Packaging Format
12.4.13.3 Rest of Asia-Pacific Sustainable Plastic Packaging Market by Process
12.4.13.4 Rest of Asia-Pacific Sustainable Plastic Packaging Market by Application
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Sustainable Plastic Packaging Market by Country
12.5.1.2 Middle East Sustainable Plastic Packaging Market by Packaging Type
12.5.1.3 Middle East Sustainable Plastic Packaging Market by Packaging Format
12.5.1.4 Middle East Sustainable Plastic Packaging Market by Process
12.5.1.5 Middle East Sustainable Plastic Packaging Market by Application
12.5.1.6 UAE
12.5.1.6.1 UAE Sustainable Plastic Packaging Market by Packaging Type
12.5.1.6.2 UAE Sustainable Plastic Packaging Market by Packaging Format
12.5.1.6.3 UAE Sustainable Plastic Packaging Market by Process
12.5.1.6.4 UAE Sustainable Plastic Packaging Market by Application
12.5.1.7 Egypt
12.5.1.7.1 Egypt Sustainable Plastic Packaging Market by Packaging Type
12.5.1.7.2 Egypt Sustainable Plastic Packaging Market by Packaging Format
12.5.1.7.3 Egypt Sustainable Plastic Packaging Market by Process
12.5.1.7.4 Egypt Sustainable Plastic Packaging Market by Application
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Sustainable Plastic Packaging Market by Packaging Type
12.5.1.8.2 Saudi Arabia Sustainable Plastic Packaging Market by Packaging Format
12.5.1.8.3 Saudi Arabia Sustainable Plastic Packaging Market by Process
12.5.1.8.4 Saudi Arabia Sustainable Plastic Packaging Market by Application
12.5.1.9 Qatar
12.5.1.9.1 Qatar Sustainable Plastic Packaging Market by Packaging Type
12.5.1.9.2 Qatar Sustainable Plastic Packaging Market by Packaging Format
12.5.1.9.3 Qatar Sustainable Plastic Packaging Market by Process
12.5.1.9.4 Qatar Sustainable Plastic Packaging Market by Application
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Sustainable Plastic Packaging Market by Packaging Type
12.5.1.10.2 Rest of Middle East Sustainable Plastic Packaging Market by Packaging Format
12.5.1.10.3 Rest of Middle East Sustainable Plastic Packaging Market by Process
12.5.1.10.4 Rest of Middle East Sustainable Plastic Packaging Market by Application
12.5.2. Africa
12.5.2.1 Africa Sustainable Plastic Packaging Market by Country
12.5.2.2 Africa Sustainable Plastic Packaging Market by Packaging Type
12.5.2.3 Africa Sustainable Plastic Packaging Market by Packaging Format
12.5.2.4 Africa Sustainable Plastic Packaging Market by Process
12.5.2.5 Africa Sustainable Plastic Packaging Market by Application
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Sustainable Plastic Packaging Market by Packaging Type
12.5.2.6.2 Nigeria Sustainable Plastic Packaging Market by Packaging Format
12.5.2.6.3 Nigeria Sustainable Plastic Packaging Market by Process
12.5.2.6.4 Nigeria Sustainable Plastic Packaging Market by Application
12.5.2.7 South Africa
12.5.2.7.1 South Africa Sustainable Plastic Packaging Market by Packaging Type
12.5.2.7.2 South Africa Sustainable Plastic Packaging Market by Packaging Format
12.5.2.7.3 South Africa Sustainable Plastic Packaging Market by Process
12.5.2.7.4 South Africa Sustainable Plastic Packaging Market by Application
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Sustainable Plastic Packaging Market by Packaging Type
12.5.2.8.2 Rest of Africa Sustainable Plastic Packaging Market by Packaging Format
12.5.2.8.3 Rest of Africa Sustainable Plastic Packaging Market by Process
12.5.2.8.4 Rest of Africa Sustainable Plastic Packaging Market by Application
12.6. Latin America
12.6.1 Latin America Sustainable Plastic Packaging Market by Country
12.6.2 Latin America Sustainable Plastic Packaging Market by Packaging Type
12.6.3 Latin America Sustainable Plastic Packaging Market by Packaging Format
12.6.4 Latin America Sustainable Plastic Packaging Market by Process
12.6.5 Latin America Sustainable Plastic Packaging Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Sustainable Plastic Packaging Market by Packaging Type
12.6.6.2 Brazil Africa Sustainable Plastic Packaging Market by Packaging Format
12.6.6.3 Brazil Sustainable Plastic Packaging Market by Process
12.6.6.4 Brazil Sustainable Plastic Packaging Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Sustainable Plastic Packaging Market by Packaging Type
12.6.7.2 Argentina Sustainable Plastic Packaging Market by Packaging Format
12.6.7.3 Argentina Sustainable Plastic Packaging Market by Process
12.6.7.4 Argentina Sustainable Plastic Packaging Market by Application
12.6.8 Colombia
12.6.8.1 Colombia Sustainable Plastic Packaging Market by Packaging Type
12.6.8.2 Colombia Sustainable Plastic Packaging Market by Packaging Format
12.6.8.3 Colombia Sustainable Plastic Packaging Market by Process
12.6.8.4 Colombia Sustainable Plastic Packaging Market by Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Sustainable Plastic Packaging Market by Packaging Type
12.6.9.2 Rest of Latin America Sustainable Plastic Packaging Market by Packaging Format
12.6.9.3 Rest of Latin America Sustainable Plastic Packaging Market by Process
12.6.9.4 Rest of Latin America Sustainable Plastic Packaging Market by Application
13 Company Profile
13.1 Amcor Plc
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Tetra Laval International SA
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Sonoco Products Company
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Sealed Air
13.4 Company Overview
13.4.2 Financials
13.4.3 Product/Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Ball Corporation,
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Smurfit Kappa
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Berry Global Inc
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 DuPont
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Evergreen Packaging LLC
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 WestRock Company
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Water Soluble Pods Packaging Market size was USD 3.27 billion in 2023 and is expected to Reach USD 5.01 billion by 2031 and grow at a CAGR of 5.5% over the forecast period of 2024-2031.
The Barrier Systems Market size is estimated to be USD 21.01 billion in 2023, which will reach USD 42.15 billion by 2031, and will grow at the growth rate of 9.11% between 2024 and 2031.
The Frozen Seafood Packaging Market Size was valued at USD 16.23 billion in 2023 and is projected to reach USD 26.06 billion by 2031 and grow at a CAGR of 6.1% over the forecast periods 2024 -2031.
The market size of In-Mold Labels market was US $ 3.75 billion in 2023 and is set to reach US $5.54 billion by 2031, at a compound annual growth rate of 4.91 % over the forecast period between 2024 and 2031.
The Molded Fiber Packaging Market Size was valued at USD 10.20 Billion in 2023 and is expected to reach USD 15.69 Billion by 2032 and grow at a CAGR of 5% over the forecast period 2024-2032.
The Inclusive Packaging Market is rapidly growing, spurred by a focus on accessibility and convenience for diverse consumer groups, including those with disabilities and the elderly.
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