The global green packaging market size is anticipated to reach USD 237.8 billion by 2024, according to a new report, now available on ASDReports. The favorable government initiatives and increased public awareness about eco-friendly products are expected to boost the industry growth. The industry is anticipated to witness an upsurge in the demand for sustainable packaging in the food & beverage, personal care, and healthcare industries. Edible packaging is anticipated to gain market penetration over the next eight years.
The high cost of production and fluctuating raw material price may hinder the growth of the industry over the forecast period. Poor recycling facilities and the high cost of recycling may also obstruct the industry’s growth over the forecast period