Global Plastic-Free Packs Market: Brief Account
The global plastic-free packs market receives its push or motivation from regulations such as ban on plastic bags and plastic products, which has been implemented in various nations worldwide. Cosmetic products manufacturers are investing strategically on sustainable developments both for mass and premium segments. This is boosting the growth of the global plastic-free pack market. In addition to this, there exists several stringent government regulations for the use of plastic or recycled plastics for food and beverages packaging, thus contributing to the growth of the plastic-free packs market. A surge in the sales of luxury items such as alcohol and perfumes is also leading the market towards growth as glass packaging is used. Moreover, the expansion of online retail has fueled the adoption of paper and paperboard packaging, furthering the plastic-free packs market.
The report is an overview of the global plastic-free packs market, including growth drivers, growth inhibitors, trends, and opportunities in the industry. It segments the market on the basis of material, packaging type, end-use, and geography. Key players are profiled in the report and their business strategy has also been included. The past and current market size is used for the determination of the market size for the coming years. The report thus has in store, a wealth of useful information about the global plastic-free packs market and is a must-have for every new entrant wishing to invest in this market as well as those established, so as to make profitable business moves.
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Global Plastic-Free Packs Market: Trends and Opportunities
Countries across the world have realized the environmental threat caused by plastic waste. Players in the packaging industry are thus compelled to think beyond plastic and opt for alternatives such as paper, glass, and metal. It has also been found that plastic in food packaging causes harm to human metabolism and this is another factor deterring companies from using plastics, thus driving the global plastic-free packs market. The beauty and cosmetic products industries are also opting for glass, metal, and paper packaging, as these materials are bio-degradable and can also be recycled.
In the U.S., researchers have come up with an innovative form of packaging for food and beverages. Milk protein has been used to develop an edible film, which is similar to plastic wrap, and helps in the prevention of food spoilage. Innovations such as these are likely to boost the growth of the plastic-free packs market. Another trend in the packaging market is the use of recycled paper. Companies such as Shredhouse in the U.K. have launched shredded paper from single used coffee cups.
Global Plastic-Free Packs Market: Geographical Analysis
On the basis of geography, the global plastic-free packs market can be segmented into North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. Of these, Asia Pacific holds key shares in the market, led by China, South Korea, and India. These countries hold considerable shares in glass and paper packaging market. Growth in the consumption of canned foods is another factor boosting the growth of this market. North America and Europe are also likely to hold significant shares in the market. In addition to this, the Middle East and Africa is estimated to expand at a moderate CAGR in the coming years.
Global Plastic-Free Packs Market: Companies Mentioned
Some of the key operators of this market include: Rawlings & Son (Bristol) Ltd, WestRock Company, Multiscience GmbH, Orora Packaging Australia Pty Ltd Beatson Clark, ALL PACKAGING COMPANY, Abox, Zumbiel Packaging, Ardagh Group S.A., and HUBER Packaging
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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