18 August 2011 23:24 [Source: ICIS news]
HOUSTON (ICIS)--Global demand for green packaging will rise by 5.7% per year to reach $212bn (€146bn) in 2015, according to a market research study released on Thursday.
Green packaging includes recycled content, reusable and degradable packaging, according to Cleveland-based industry research firm The Freedonia Group.
Recycled content packaging will remain the largest segment but will grow the slowest of the three cateogires of materials because of the maturity of metal cans and glass containers. Reusable and degradable packaging will exhibit above-average demand growth, Freedonia said.
Recycled content packaging will be supported by collection activity and processing capacity as companies target environmental responsibility.
Global manufacturing activity will support demand for reusable packaging. The fastest demand growth will be in degradable packaging, but will account for only 1% of the green packaging market through 2015.
The Asia-Pacific region, the largest regional market for green packaging, and Central and South America, ?xml:namespace>
($1 = €0.69)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections