Sustainability in Plastic Manufacturing Market Size is predicted to show a 14.3% CAGR during the forecast period for 2024-2031.
Sustainable plastic production encompasses eco-friendly practices aimed at reducing the environmental impact of plastics. This includes using bioplastics made from renewable resources, promoting recycling and a circular economy to minimize waste, employing bio-based feedstocks to decrease reliance on fossil fuels, and implementing advanced recycling technologies for better waste management. Additionally, designing products for sustainability, improving energy efficiency in manufacturing, researching biodegradable additives, and adhering to environmental regulations are crucial.
Collaborative efforts aid in reducing plastic pollution, decreasing greenhouse gas emissions, as well as promoting a more sustainable and circular approach to the utilization and manufacturing of plastic. In addition, international governments and regulatory agencies are implementing stringent legislation to tackle plastic waste and promote sustainability. As a result, enterprises in the plastics manufacturing industry have been compelled to implement environmentally friendly practices and develop sustainable alternatives. Consequently, fueling the growth of the market.
The sustainability in plastic manufacturing market is segmented on the basis of type, function, product type, and end-user industry. Based on Type, the market is segmented into Biodegradable Plastic, Recycled Plastic, and Bio-based Plastic. By Function, the market is segmented into Alternate Fiber, Molded Pulp, and Others. By Product Type, the market is segmented into Bottles and Jars, Boxes, Bags, Trays, Films, Pouches and Sachets, and Others. By End User Industry, the market is segmented into Food & Beverages, Chemical, Pharmaceutical, Automobile, Electronics, Agriculture, Personal Care, and Others.
The molded pulp category is expected to hold a major share in the global sustainability in plastic manufacturing market. The segment is expected to develop because of its adaptability and eco-friendliness. Molded pulp packaging offers environmentally friendly substitutes for conventional plastic packaging, satisfying the increasing demands of consumers and authorities for eco-friendly solutions. Its adaptability to a range of uses, including packaging and throwaway goods, makes it a popular option and supports the expansion of the market.
The bags segment is projected to grow at a rapid rate in the global sustainability in plastic manufacturing market. The demand for eco-friendly bags and other sustainable packaging choices is growing as a result of legislative initiatives and greater environmental awareness. The market for environmentally friendly bags is growing as a result of consumers' preference for recyclable and reusable solutions when shopping and packing.
The North America sustainability in plastic manufacturing market is expected to record maximum market share in terms of revenue in the near future. The primary forces propelling this market's growth are rising customer demand for environmentally friendly goods and growing awareness of environmental sustainability. Governments and organizations that have implemented stringent laws and coordinated campaigns to lessen plastic pollution have spurred the adoption of sustainable alternatives. In addition, Asia Pacific is predicted to grow at a rapid rate in the global sustainability in the plastic manufacturing market. Urbanization and population expansion are likely to lead to higher consumption and production of sustainable plastic packaging materials, which will drive market development. Customers are also selecting sustainable and eco-friendly packaging options as they become more aware of environmental issues.
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 14.3 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Function, Product Type, And End-User Industry |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Novamont S.p.A., Bemis Manufacturing Company, WestRock Company, Amcor plc, BASF SE, Crown, Sonoco Products Company, Berry Global Inc., Mondi, Smurfit Kappa, Constantia Flexibles, Uflex Ltd., Huhtamaki OYJ, Sealed Air Corporation, Natureworks Llc., Phoenix Technologies International Llc., Innovia Films, Essel Propack, Gerresheimer AG, Tetra Laval, Reynolds Packaging, Other Prominent Players |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Sustainability in Plastic Manufacturing Market Snapshot
Chapter 4. Global Sustainability in Plastic Manufacturing Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.2.1. Biodegradable Plastic
5.2.2. Recycled Plastic
5.2.3. Bio-based Plastic
Chapter 6. Market Segmentation 2: by Product Type Estimates & Trend Analysis
6.1. by Product Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type;
6.2.1. Bottles and Jars
6.2.2. Boxes
6.2.3. Bags
6.2.4. Trays
6.2.5. Films
6.2.6. Pouches and Sachets
6.2.7. Others
Chapter 7. Market Segmentation 3: by Function Estimates & Trend Analysis
7.1. by Function & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Function:
7.2.1. Alternate Fiber
7.2.2. Molded Pulp
7.2.3. Others
Chapter 8. Market Segmentation 4: by End-User Estimates & Trend Analysis
8.1. by End-User & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-User:
8.2.1. Food & Beverages
8.2.2. Chemical
8.2.3. Pharmaceutical
8.2.4. Automobile
8.2.5. Electronics
8.2.6. Agriculture
8.2.7. Personal Care
8.2.8. Others
Chapter 9. Sustainability in Plastic Manufacturing Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
9.1.2. North America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
9.1.3. North America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Function, 2019-2031
9.1.4. North America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
9.1.5. North America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
9.2. Europe
9.2.1. Europe Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
9.2.2. Europe Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
9.2.3. Europe Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Function, 2019-2031
9.2.4. Europe Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
9.2.5. Europe Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
9.3. Asia Pacific
9.3.1. Asia Pacific Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
9.3.2. Asia Pacific Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
9.3.3. Asia-Pacific Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Function, 2019-2031
9.3.4. Asia Pacific Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
9.3.5. Asia Pacific Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
9.4. Latin America
9.4.1. Latin America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
9.4.2. Latin America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
9.4.3. Latin America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Function, 2019-2031
9.4.4. Latin America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
9.4.5. Latin America Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
9.5. Middle East & Africa
9.5.1. Middle East & Africa Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
9.5.2. Middle East & Africa Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
9.5.3. Middle East & Africa Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by Function, 2019-2031
9.5.4. Middle East & Africa Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
9.5.5. Middle East & Africa Sustainability in Plastic Manufacturing Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Novamont S.p.A.
10.2.2. Amcor plc
10.2.3. Crown
10.2.4. Bemis Manufacturing Company
10.2.5. BASF SE
10.2.6. WestRock Company
10.2.7. Berry Global Inc.
10.2.8. Sonoco Products Company
10.2.9. Mondi
10.2.10. Smurfit Kappa
Sustainability in Plastic Manufacturing Market By Type-
Sustainability in Plastic Manufacturing Market By Function-
Sustainability in Plastic Manufacturing Market By Product Type-
Sustainability in Plastic Manufacturing Market By End User Industry-
Sustainability in Plastic Manufacturing Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
