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The Green Packaging Market in Asia Pacific is expected to register a CAGR of 7.5% during the forecast period (2017 - 2023). The green packaging process uses an environmentally friendly method which reduces pollution and waste, while preserving natural resources and energy. Green Packaging, also known as sustainable packaging has become one of the emerging trends all over the world. Manufactures and retailers are rapidly optimizing recycled content in packaging owing to its benefits.
Reusable Packaging is also preferred by manufacturers. Most companies are now switching towards reusable transport packaging as it could reduce waste management costs and also improve packaging quality. Food manufacturing companies have taken the initiatives to develop green products for food preservation and also to improve their brand image.
Additionally, rules and regulations pertaining to the use of conventional packaging have also compelled manufacturers to adopt green packaging. Based on Types, the market is segmented into Recycled Packaging, Degradable Packaging, and Reusable Packaging. The Recycled Packaging market is further segmented into Paper, Plastics, Metals, Glass, and Others.
Reusable Packaging Type includes Drums, Plastic Containers, and Storage Devices & Processors. Based on Applications, the market is segmented into Food & Beverages, Personal Care, Healthcare, and Others. Based on Countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
The report covers the analysis of key stakeholders of the Green Packaging Market. Key companies profiled in the report include E.I. DU Pont De Nemours And Company, Amcor Limited, Mondi Group, Sealed Air Corporation, Tetra Laval (Tetra Pak), Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., DS Smith, and Nampak.
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