Zero Waste Packaging Market Size 2021 Top Manufacturers Strategy by Industry Sales, Progression Status, Emerging Demands, Business Opportunity, Share and Forecast To 2027 | Says Kenneth Research

Zero-waste packaging is one of the systems of packaging in which either there is full utilization of materials, apart from these materials being subject to re-use and even recycling so that there is absence of any left-over products at the end of such process. There is always the chance of any form of leftovers that remain in the course of packaging these materials. Sustainable packaging is a method that works on saving natural resources as much as possible. Therefore, the packaging process is normally performed in such a way that only a zero-waste product finally emerges, owing to an eco-friendly method of packaging being adopted for such packaging.

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The global zero-waste packaging market was valued at USD 1312.16 million in the year 2018 and is anticipated to grow at a CAGR of 8.78% over the forecast period 2020-2027 owing to factors such as the rising need for sustainable packaging methods, increasing concern for the environment and rising demand from end-use consumers. According to EPA, in 2017, plastic products as a municipal solid waste generated in the U.S. were 35.4 million tons, which was an increase of 4 million tons in-between the period 2010-2017.

The zero-waste packaging market consists of various segments that are segmented by material type, end-use industry, distribution channel and by region. Compostable goods forming part of material type segment, which was valued at USD 659.64 million in the year 2018, occupied the highest market share of 58.3% in 2018, which was the result of increasing levels of awareness among individuals in most parts of the world about the waste that remains on the land and the damage that can be caused to environment due to its presence.

Compostable products have been in higher demand for discarding of waste, as they are being viewed as a crucial alternative as compared to other disposable products. Additionally, the food and beverage segment, forming a part of the end-use industry, is anticipated to register the highest CAGR of 9.01% during the forecast period. 

Based on region, the global zero waste packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America, which registered a value of USD 460.56 million in the year 2018, is estimated to register the highest market share of around 40% over the forecast period, with greater awareness among the individuals in many regions of the world regarding the damage that the environment may suffer due to the gathering of waste into the environment by continuing with the adoption of conventional mode of packaging.

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The market in the Asia Pacific region is estimated to grow at the highest CAGR of 9.30% over the forecast period, as many steps initiated by various governments in the region to popularize and encourage the shift to sustainable packaging has been visible over the last decade, which is estimated to boost the growth of the market over the next decade. 

Study on Leading Companies Mentioned in This Report:

Some of the key industry leaders in the global zero-waste packaging market are GO Box, World Centric, Biome, PulpWorks, Inc., Package Free, Lifepack, Avani Eco, Biogusto, Bizongo, Recup, Loop Industries, Inc. and Loliware. 

Based on the geographical analysis, the report covers the market scenario for the following regions around the world:

  • North America (U.S. & Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa)

A series of illustrations such as graphs, tables, and charts are provided in the report to make the report easy to comprehend for the business clients.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download Sample of This Strategic Report-:
https://www.kennethresearch.com/sample-request-10279907

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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