Sustainable Packaging Industry Market Research Reports, Industry Analysis and Trends
Sustainable packaging industry is the most talked about and most in demand in the environment loving world. Growing concerns about excess carbon emissions, water pollution and increased wastage of non-renewable energy have led the concept of sustainability to be implemented among industries and general literate public. Sustainable packaging is the packaging of goods using materials that are not harmful to the nature; recyclable materials, renewable sources are majorly used types in sustainable packaging. Sustainable packaging companies offer novel packaging designs that are simple, time and energy saving, low-cost and environment friendly when consumed.
Increased awareness about hazardous effects that traditional packaging caused; there has been a substantial increase in the promotion and implementation of sustainable raw materials for packaging. Sustainable packaging witnessed a great growth in 2009 with tackling economic downturn. Sustainability not only introduced positive way of leading in packaging with usage of raw materials that degrade naturally in short span of time but also helped companies to cut down on costs and reduce packaging waste which is turn was re-usable and recyclable.
There is an agenda set by retailers, consumer groups and regulatory bodies with recent developments that are necessitating promotion of greener packaging, that there will be more pro-active engagement from the industry and manufacturers; for example- milk jugs contain almost 15% less plastic which is big reduction and promotion for various other segments to follow with reduction in size and mass of packaging.
Sustainable Packaging Industry Current Trends
Sustainable packaging industry is a fast-paced and developing new technologies; with the utilization of materials that can be sustained and re-used. Apart from working towards efficient products and packaging, transport and distribution solutions, the drive for sustainable packaging is to make entire supply chain efficient and contribute to greener environment. According to Pike, the global market scale is estimated to reach US $1.7 billion by 2014 as compared to 2009’s market rate which was at $88 million.
Recyclable packages will be the main products on the market at about 90% and Europe and America will be the major markets at about 70%. However, Global Industry Analysis (GIA) favours the Asian market and comments that in the next 5 years; the annual compound growth rate (CAGR) of related products will be over 10%, which is mainly because of the rise of the Asian people’s awareness of environmental protection, government measures, increase of population and economic growth.
Other aspects to make sustainable packaging more successful include, better positioning of containers on pallets to fit more packages into one shipment and the industry’s push to promote the recycling of certain materials, including plastic bags, films and rigid plastic containers. Many European countries are already making mandatory measures to follow for companies for better environment and future.
Major Sustainable Packaging Industry Players
Major companies that manufacture sustainable packaging in the world include, Amcor, Huhtamaki, Innovia, MeadWestvaco, Bemis, Constar, Biopack, Crown, Earthcycle Packaging, Georgia-Pacific, Plantic Technologies and NatureWorks.
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Thong Guan Industries Berhad - Company CapsuleDate Published: Jul 4 2013