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U.S. Market for Green Packaging to Hit $44 Billion in 2013 |
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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, using 59 billion pounds of material,
according to a new study from The Freedonia Group, Inc., an 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% per year through 2013, driven
by increased price competitiveness with conventional resins, rapidly
expanding capacity and lower pricing volatility than petroleum-based
plastic packaging materials.
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