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Top Companies Accelerating Shift Sustainability Towards Drive Green Packaging Industry Forward

September 13, 2023 | Packaging

The packaging sector’s increasing sustainability efforts and green packaging go hand in hand. Over the years, the need for smarter, greener packaging solutions has surged, as norms grow tighter and packaging companies shift away from traditional plastics.

According to Fortune Business Insights™, the global market for green packaging could be worth USD 385.34 billion by 2028, recording a CAGR of 5.3% during 2021-2028. The market stood at USD 258.35 billion in 2020 and reached USD 267.83 billion in 2021.

Green packaging has a lower carbon footprint than synthetic packaging that is typically used, which enhances environmental and human sustainability over time. It necessitates methods for minimizing the waste and pollution generated during the production process. Growing public awareness of environmental protection and sustainable living is one of the major market drivers. This, coupled with stringent government regulations for environmental sustainability, drives market growth.