Frequently asked questions
The global sustainable plastic packaging market also suffered from the COVID-19 pandemic, which resulted in a decline of over 3.2% in revenue generated in 2020.
Asia Pacific region accounted for the highest share in the global sustainable plastic packaging market regarding value and volume.
The market is expected to expand with the global expansion of various end-users of sustainable plastic packaging. The sustainable plastic packaging industry has grown due to stringent laws and regulations imposed by governments and governing bodies and a shift in consumer preference toward recyclable and eco-friendly packaging materials. The global market is also being driven by packaging downsizing and advances in new technologies.
The flexible packaging type segment had a major share in 2021, with more than 52% of the market revenue. Besides, the industrial packaging type is projected to witness the fastest growth.
Healthcare industry had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.