The value of the global market for green packaging reached up to USD 258.35 billion in the year 2020. The company estimates this value to rise annually by 5.3 percent, from USD 267.83 billion for the year 2021, to USD 385.34 for the year 2028.

This is influenced by increased customer preference for sustainable packaging solutions coupled with stringent government regulations such as the ban on single use plastic packages. These are environment friendly packaging alternatives made...