Global green packaging demand will reach $212bn in 2015

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, Eastern Europe, Africa/Middle East will experience above-average gains.

The US accounted for 23% of global sales of green packaging in 2010 and is the largest national green packaging market in the world, according to Freedonia.

($1 = €0.69)

By: Ron Coifman
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly