Demand for Green Packaging to Approach $44 Billion in 2013
November 30, -0001
The U.S. demand for green packaging, comprised of recycled content, biodegradable and reusable packaging, is projected to increase 3.4% annually to $43.9 billion in 2013, according to a new report from The Freedonia Group Inc., a Cleveland-based industry research firm. Growth will outpace overall packaging but will remain modest due to the maturity of many products and the fact that recycled content packaging has a large existing presence in paperboard and metal packaging. The fastest gains are anticipated for biodegradable plastic packaging and plastic recycled content packaging. Biodegradable plastic packaging is forecast to climb nearly 13% a year through 2013, driven by increased price competitiveness with conventional resins, rapidly expanding capacity and lower pricing volatility than petroleum-based plastic packaging materials.