By submitting this form, you are agreeing to the Terms of Use and Privacy Policy.
Paper, plastic, glass, and metal are among the recyclable materials covered in the segment. The excess pollution brought on by packaging waste is reduced because the producers utilise these materials again as raw materials to create new packaging products.
Because of the active efforts made by the governments in the area, the United States has a market share that is on par with that of the Asia Pacific region. The government programs support consumer trends that are favoring eco-friendly products and packaging, which is what is causing demand to rise in the area.
The US Green Packaging Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Green packaging is used to package products using components and production techniques that are less harmful to the environment and energy use. In ecologically friendly packaging, plastic and styrofoam are typically replaced by recyclable and biodegradable materials.
Green manufacturing techniques also cut back on greenhouse gas emissions and electricity usage. Government regulations mandate that the majority of manufacturers use sustainable packaging to get rid of the poisons and chemicals that harm the environment’s water, soil, and atmosphere.
Another factor influencing the development in the usage of green packaging alternatives is the need for sustainable products from both consumers and businesses.
The problem of global waste is considerably exacerbated by packaging materials. Plastic bag bans have been enacted at the state level in the United States. Single-use plastic bag bans have already been enacted in California and eight other states.The biggest market contributors are the United States and Canada.
Demand for green packaging is expected to increase in the United States over the forecast period as a result of rising consumer awareness of environmental issues and policies that are supportive of this trend.
The Environmental Protection Agency estimates that up to 80 million metric tons of packaging waste are produced in the United States each year. About half of the packaging waste in the United States comes from food and beverage goods, and the agency observed that the majority of the plastic waste is produced by large food corporations like Nestle and Unilever.
