According to the recent report by IMARC Group, titled “Green Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global green packaging market size reached around US$ 232.8 Billion in 2020. Looking forward, IMARC Group expects the global green packaging market to exhibit moderate growth during 2021-2026.
Green packaging, also known as sustainable packaging, refers to a type of packaging that uses sustainable materials and manufacturing processes to reduce environmental degradation. It incorporates plant-based plastics, recycled packaging materials, and biodegradable products for manufacturing different products. Apart from this, green packaging involves the utilization of renewable energy sources, like biofuels, wind, and solar, in the transportation process.