Global Green Packaging Market 2016-2020, from Infiniti Research conducted a new study predicting the global green packaging market will experience growth at a CAGR of more than 7% during the forecasted period. With the consumer demand for eco-friendly and sustainable packaging material on the rise, vendors are focused on developing materials that have the traditional qualities but can also be recycled.
Europe leads the market with more than 31% in 2015; the rest of the world is well diversified as well. The leading countries in this region are Germany, United Kingdom and Italy.
According to the report, one of the major drivers of the market is the demand for bioplastics. Bioplastics are considered more sustainable than conventional plastic packaging products because they consume less energy and natural resources during the manufacturing process, generate lower CO2 emissions, and are lightweight by nature.
Click here to read the full article: http://www.packworld.com/sustainability/bioplastics/outlook-green-packaging-market-2020
Source: Packaging World