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The infographic below contains key findings from our analysis of the green packaging market in APAC
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Brands offering sustainable eco-friendly and biodegradable packaging are gaining prominence among end-users due to the shifting consumer preference towards eco-friendly packaged goods. To fulfill the increasing consumer demand for sustainability, vendors are offering sustainable packaging options. Technavio’s market study identifies the shifting customer preference towards sustainable packaging to be one of the primary growth factors for the green packaging market in APAC. For instance, Tetra Pak gained prominence when they shifted their packaging to sustainable options. The market analysts estimate that the market will grow steadily at a CAGR of more than 12% by 2021.
Edible packaging is an innovative form of packaging that can be consumed once the product is removed. Edible packaging efficiently reduces waste derived from small packaged food items. Food giants such as KFC are introducing edible and sturdy bowls made of tortilla in Indian outlets. These bowls can effectively hold the food contents and can be consumed afterward. With the help of technological developments, agricultural feedstock and by-products from food processing can be used as edible packaging materials. The advent of edible packaging is identified to be one of the key trends positively impacting the growth of the green packaging market in APAC.
The green packaging market in APAC is significantly fragmented owing to the presence of several international, regional, and local vendors. International vendors have established their market presence with strong supply chain and huge investments in R&D. To gain technical expertise and attain a competitive advantage, the players in this eco-friendly packaging market are increasingly engaging in M&A activities.
The leading vendors in the market are
The other prominent vendors in the market are Bemis Company, DuPont, International Paper, Mondi, and Smurfit Kappa.
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Recyclable packaging segment will account for the maximum share of the green packaging market in APAC. Factors such as the increasing popularity of recycling among vendors and consumers, environmental benefits such as energy conservation and reduced carbon footprint, and cost-effectiveness of materials will contribute to the growth of this market segment.
China will be the major revenue contributor to this eco-friendly packaging market and this will be influenced by the increasing urbanization and the growing adoption of green packaging techniques. Government and several corporates are focusing extensively on green packaging to minimize the waste generated by traditional methods of packaging. Also, the introduction of strict regulations to reduce pollution and adopt sustainable alternatives, will also propel the growth of the green packaging market in APAC in this country in the coming years.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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