Market Analysis and Insights:- Global Plastic-Free Packaging Market
Global Plastic-Free Packaging Market By Material (Metal, Paper, Glass, Others), Packaging Product (Pouches, Boxes, Tubes, Blisters & Strips, Bottles & Jars, Cartons, Trays, Cans), End-Use (Cosmetics, Food & Beverages, Pharmaceutical, Consumer Products), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Plastic-Free Packaging Market
Global plastic-free packaging market is expected to rise register a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increased concerns regarding the environment which has restricted the adoption of plastic products while the demand for its alternatives is on the rise.
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Market Definition: Global Plastic-Free Packaging Market
Plastic-free packaging is the category of packaging products and services which do not utilize plastics or plastic-based substances in the entire end-use product. These packaging offerings are environmental friendly, reusable, recyclable and biodegradable/compostable which promote the environmental health. The packaging products utilize materials varying from metals, glass, paper, paperboard, wood and others.
Market Drivers:
• Increasing consumption of premium products such as cosmetics & personal care which generally utilize glass packaging is expected to foster growth of the market
• Presence of strict norms and regulations regarding the usage of plastics from the various authorities is expected to drive the growth of the market
• Availability of several distribution channels and increased e-commerce adoption for purchases is expected to positively affect the growth of the market
• Development of biodegradable and sustainable packaging products from raw materials such as corn starch and mushroom roots is expected to drive the growth of the market
Market Restraints:
• Cost-effective nature of plastic packaging products along with the prevalence of them being lightweight and durable are factors restricting the growth of the market
• Better marketing practices associated with the plastic packaging products is also expected to restrict the growth of the market
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Global Plastic-Free Packaging Market Segmentation:
By Material
• Metal
• Paper
• Glass
• Others
By Packaging Product
• Pouches
• Boxes
• Tubes
• Blisters & Strips
• Bottles & Jars
• Cartons
• Trays
• Cans
By End-Use
• Cosmetics
• Food & Beverages
• Pharmaceutical
• Consumer Products
By Geography
• North America
o U.S.
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Rest of South America
• Europe
o Germany
o United Kingdom
o Italy
o France
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Thailand
o Malaysia
o Indonesia
o Philippines
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o Rest of Middle East and Africa
Key Developments in the Market:
• In July 2019, Nestlé announced the launch of new packaging offering that will be utilized in the company’s “YES!” brand of snack bars. The packaging is made from specially designed coated paper which is recyclable. The product will be launched for the U.K. and European region. The launch of these products with a recyclable packaging offering will increase the awareness regarding the availability of plastic-free packaging resulting in increased demand.
• In April 2019, LICKALIX Ltd. announced the launch of a plastic-free compostable packaging offering, becoming the world’s first “ice treat” company to do so. The packaging is designed for decomposing without any external modifications and will decompose by itself in a dustbin by 12 weeks. It is also marine compostable, these organic features of the packaging is a strategy that the company has adopted due to their products being organic and natural.
Competitive Analysis:
Global plastic-free packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plastic-free packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global plastic-free packaging market are Rawlings & Son (Bristol) Ltd; WestRock Company; EnviGreen; Orora Packaging Australia Pty Ltd; Beatson Clark; ALL PACKAGING COMPANY; Zumbiel Packaging; Ardagh Group S.A.; HUBER Packaging Group GmbH; MW Creative Ltd; Biogreen Bags; Alcoa Corporation; Nestlé; Amcor plc; Sulapac Oy; BALL CORPORATION; Crown; Sonoco Products Company; Reynolds and Sirane Ltd among others.
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Research Methodology: Global Plastic-Free Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
• Complete market analysis and forecasting
• Market definition, understanding the concept of plastic-free packaging
• Market drivers and restraints of the industry
• Market segmentations and market share divided amongst them
• Key players in the market and their analysis
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