Sustainable Packaging Market to reach USD 470.3 billion by 2027 - Report by Market Research Future (MRFR)
New York, June 25, 2021 (GLOBE NEWSWIRE) -- Sustainable Packaging Market Overview: According to a comprehensive research report by Market Research Future (MRFR), " Sustainable Packaging Market Research Report, Packaging Type, Material , Process, Application and Region - Forecast till 2027" The global market is projected to reach USD 470.3 billion by 2027 from an estimated USD 305.31 billion in 2020, at a CAGR of 10.3% from 2021 to 2027. Efforts of private and public organizations to accelerate the environmental transition, in line with market expectations, create vast market opportunities. With growing uses of sustainable packaging for food beverage products, the sustainable packaging market size is expected to stimulate further. The development of sustainable packaging resources reducing the impact on nature acts as major tailwinds. Personal care and beauty packaging specialists are striving to develop a more sustainable packaging option that can bring cosmetics into a new era. Furthermore, initiatives to cut down usages of non-degradable packaging materials, major growth in sustainable packaging lines, and green strategies for sustainable packaging are significant driving forces influencing the market growth.
Sustainable Packaging Market to reach USD 470.3 billion by 2027 - Report by Market Research Future (MRFR)
New York, June 25, 2021 (GLOBE NEWSWIRE) -- Sustainable Packaging Market Overview: According to a comprehensive research report by Market Research Future (MRFR), " Sustainable Packaging Market Research Report, Packaging Type, Material , Process, Application and Region - Forecast till 2027" The global market is projected to reach USD 470.3 billion by 2027 from an estimated USD 305.31 billion in 2020, at a CAGR of 10.3% from 2021 to 2027. Efforts of private and public organizations to accelerate the environmental transition, in line with market expectations, create vast market opportunities. With growing uses of sustainable packaging for food beverage products, the sustainable packaging market size is expected to stimulate further. The development of sustainable packaging resources reducing the impact on nature acts as major tailwinds. Personal care and beauty packaging specialists are striving to develop a more sustainable packaging option that can bring cosmetics into a new era. Furthermore, initiatives to cut down usages of non-degradable packaging materials, major growth in sustainable packaging lines, and green strategies for sustainable packaging are significant driving forces influencing the market growth.