Increasing consciousness among people related with the harmful effects of plastic and growing understanding about the use of green packaging is expected to surge demand in the global green packaging market. According to TMR, this market is projected to reach US$203.1 bn by the end of 2021, progressing from US$132.4 bn earned in 2014. This figures can be achieved if the market grows at 6.20% CAGR between 2015 and 2021.

Competition among the players operating in the global green packaging market is expected to increase due to the entry of new entrants, states Transparency Market Research. Leading players in the market are focusing on various organic and inorganic business development strategies to strengthen their position in the global market. Some of the manufacturers are entering in partnership with application industries to cover a larger region to sell the products. For example, Unilever collaborated with multiple packaging suppliers including MuCell Extrusion and ALPLA. Initiatives like these will benefit players to hold strong share in the market. Among the various players, the report includes profile of Be Green Packaging,
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.