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Stock impact report

Green Packaging Market To Reach USD 546.4 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

Sealed Air Corporation (SEE) 
Last sealed air corporation earnings: 2/11 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.sealedair.com
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 03, 2024 (GLOBE NEWSWIRE) -- The Green Packaging Market size was valued at USD 305.6 Billion in 2023 and is anticipated to grow CAGR at 6.7% to reach USD 546.4 Billion By 2032. The need to reduce plastic dependence and sustainability has been widely felt across the packaging industries. Green packaging refers to biodegradable and recycled materials in the packaging process to reduce wastage from the growing number of packaging waste ending up in landfills. According to the UN Environment Program, 85% of the total plastic produced is used for packaging purposes, including single-use plastic. After that, this material is dumped in landfills or treated as unregulated waste. However, single-use plastic has grown in the past few years as it facilitates packaging for larger materials and is a cost-effective solution. Green packaging is widely preferred for the medical, food, and beverage industries as it helps avoid contact with any outside agent that af Show less Read more
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