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Sustainable Plastic Packaging: Global Markets

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    Report

  • 183 Pages
  • September 2022
  • Region: Global
  • BCC Research
  • ID: 5661107
Description Jump to:

This Research study covers in-depth many of the most important technological, economic, and environmental considerations in the sustainable plastic packaging industry.

The objective of the report is to identify new technologies and applications in the sustainable plastic packaging market. The market is segmented by packaging type, packaging, process, end-use, and application. This report analyzes the growth potential of the sustainable plastic packaging market with 2021 as the base year and gives estimates for 2022 to 2027. This report also focuses on identifying key end users and industries which will affect the major market trends. The report covers key trends, which are expected to contribute to high demand due to the huge demand created by end users, technological advancement, and easy availability of raw materials for sustainable plastic packaging manufacture. This means that the market will show significant growth during the forecast period.

With a thorough market segmentation by packaging type, location, and application, the study seeks to give readers an overview of the market for sustainable plastic packaging. During the projected period, a significant amount of growth is anticipated in the global market for sustainable plastic packaging. The research analyses important trends and opportunities in the industry and delivers vital statistics on the market status of the top players in sustainable plastic packaging.

Report Includes

  • 80 data tables
  • A comprehensive overview of the global market for sustainable plastic packaging and related technologies
  • Analyses of the global market trends, with historic market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Identification of new technologies and applications in the sustainable plastic packaging market and analysis of their growth potential in the coming years (2022-2027)
  • Estimation of the actual market size for sustainable plastic packaging in USD million value terms, market forecast, and corresponding market share analysis by process, application, and region
  • Coverage of the most important technological, economic, and environmental considerations in the sustainable plastic packaging industry
  • Discussion of the viable technology drivers through a holistic review of various platform technologies for new and existing applications of sustainable plastic packaging
  • Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, India, Japan, South Korea, France, Germany, U.K., Italy, and GCC countries
  • Insight into the major technology challenges, issues and risks, government regulations, recent developments, and COVID-19 impact on the foldable smartphone market
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading industry players, including Amcor Ltd., Berry Global Inc., Huhtamaki Oyj, Mondi Group plc, Sealed Air Corp., Tetra Laval and Sonoco Products Co.

Table of Contents

Chapter 1 Introduction
1.1 Study Goals and Objectives
1.2 Reasons for Doing this Study
1.3 Scope of the Report
1.4 Information Sources
1.5 Methodology
1.6 Geographic Breakdown
1.7 Analyst's Credentials
1.8 Custom Research
1.9 Related Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
3.1 Background
3.2 Overview
3.3 Factors Affecting the Economics of Plastics Recycling
3.3.1 Market Attractiveness
3.4 Drivers in the Global Sustainable Plastics Packaging Market
3.4.1 Government Regulations
3.4.2 Consumer Pressure and the "Attenborough Effect"
3.4.3 Investment in Cutting-Edge Manufacturing Technologies
3.4.4 Development of New Bio-Based and Renewable Raw Materials
3.5 Challenges in the Global Sustainable Plastics Packaging Market
3.5.1 High-Cost Agricultural Feedstocks Strong Market Competition from Petroleum-Based Products
3.5.2 Lack of Implementation in Developing Countries
3.5.3 Lack of Infrastructure and Weak Supply Chain
3.5.4 Various Challenges of Packaging Designs for Recycling
3.5.5 Higher Recyclate Prices Across Europe
3.6 Opportunities and Trends in the Global Sustainable Plastics Packaging Market
3.6.1 Growth in the E-Commerce Industry
3.6.2 Unconventional Solutions of Recycled Plastics
3.6.3 Key Market Trends
3.6.4 Circular Economy
3.6.5 Growing Popularity of Post-Consumer Recycled Resin (Pcr)
3.7 Value Chain Analysis
Chapter 4 Global Sustainable Plastic Packaging Market by Process
4.1 Recyclable
4.1.1 Market Size Estimation and Forecast
4.2 Reusable
4.2.1 Market Size Estimation and Forecast
4.3 Biodegradable
4.3.1 Market Size Estimation and Forecast
Chapter 5 Global Sustainable Plastic Packaging Market by Application
5.1 Overview
5.1.1 Current Trends
5.1.2 Resins in Sustainable Packaging
5.1.3 Issues
5.1.4 Targeted Applications
5.1.5 Sheet Extrusion Applications
5.1.6 Clear Rigid Packaging
5.1.7 Stretch Blow Molding Packaging
5.1.8 Food Packaging
5.1.9 Thermoformed Packaging
5.1.10 Cups and Utensils
5.1.11 New Bottle Development in Biodegradable Polymer Packaging
5.1.12 Foam Packaging
5.1.13 Loose-Fill Packaging
5.1.14 Market Size Estimation and Forecast
5.2 Food and Beverages
5.2.1 Market Size Estimation and Forecast
5.3 Home and Personal Care
5.3.1 Market Size Estimation and Forecast
5.4 Health Care
5.4.1 Market Dynamics
5.4.2 Market Size Estimation and Forecast
5.3 Others
5.3.1 Market Size Estimation and Forecast
Chapter 6 Global Sustainable Plastic Packaging Market by Region
6.1 Highlights
6.1.1 Asia-Pacific
6.1.2 Europe
6.1.3 North America
6.1.4 South America
6.1.5 Middle East and Africa
6.2 Overview
6.2.1 Market Size Estimation and Forecast
6.3 Asia-Pacific
6.3.1 Asia-Pacific Adopts Sustainable Practices for Food Packing
6.3.2 Market Size Estimation and Forecast
6.3.3 China
6.3.4 India
6.3.5 Japan
6.3.6 South Korea
6.3.7 Rest of Asia-Pacific
6.4 Europe
6.4.1 Market Size Estimation and Forecast
6.4.2 Germany
6.4.3 France
6.4.4 U.K.
6.4.5 Italy
6.4.6 Rest of Europe
6.5 North America
6.5.1 Laws and Regulations
6.5.2 Market Size Estimation and Forecast
6.5.3 U.S.
6.5.4 Canada
6.5.5 Mexico
6.6 South America
6.6.1 Market Size Estimation and Forecast
6.6.2 Brazil
6.6.3 Rest of South America
6.4 Middle East and Africa
6.4.1 Market Size Estimation and Forecast
6.4.2 Gcc
6.4.3 Rest of the Middle East and Africa
Chapter 7 Competitive Landscape
7.1 Overview
7.1.1 Food and Beverage Firms Offering Sustainable Solutions
7.1.2 Other Firms Offering Sustainable Solutions
7.2 Leading Players
7.3 New Business Models
7.3.1 Evolving Circular Packaging Concepts
7.3.2 New Sustainable Materials
7.3.3 Innovative New Materials
7.3.4 Leading-Edge Technologies
7.4 Major Strategic Developments
7.5 Recent Developments by Key Players
Chapter 8 Company Profiles
  • Amcor Ltd.
  • Berry Global Inc.
  • Constantia Flexibles Group GmbH
  • Epl Ltd. (Formerly Essel Propack Ltd.)
  • Genpak LLC
  • Gerresheimer AG
  • Huhtamaki Oyj
  • Innovia Films Ltd.
  • Mondi Group plc
  • Natureworks LLC
  • Novamont S.P.A.
  • Phoenix Technologies International LLC
  • Plastic Suppliers Inc.
  • Reynolds Packaging
  • Sealed Air Corp.
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • Tetra Laval
  • Uflex Ltd.
Chapter 9 Appendix: List of Acronyms
List of Tables
Summary Table: Global Market for Sustainable Plastic Packaging, by Region, Through 2027
Table 1: Online Retail Sales, 2018-2020
Table 2: Global Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 3: Global Market for Recycle Processes in Sustainable Plastic Packaging, by Region, Through 2027
Table 4: Global Market for Reusable Processes in Sustainable Plastic Packaging, by Region, Through 2027
Table 5: Global Market for Biodegradable Processes in Sustainable Plastic Packaging, by Region, Through 2027
Table 6: Global Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 7: Global Market for Sustainable Plastic Packaging in Food and Beverage Applications, by Region, Through 2027
Table 8: Global Market for Sustainable Plastic Packaging in Home and Personal Care Applications, by Region, Through 2027
Table 9: Global Market for Sustainable Plastic Packaging in Health Care Applications, by Region, Through 2027
Table 10: Global Market for Sustainable Plastic Packaging in Other Applications, by Region, Through 2027
Table 11: Global Market for Sustainable Plastic Packaging, by Region, Through 2027
Table 12: Asia-Pacific Market for Sustainable Plastic Packaging, by Country, Through 2027
Table 13: Asia-Pacific Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 14: Asia-Pacific Market for Sustainable Packaging, by Process, Through 2027
Table 15: Chinese Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 16: Chinese Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 17: Sustainability Plans, Indian Government
Table 18: Extended Producers Responsibility, India
Table 19: Indian Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 20: Indian Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 21: Japanese Government Regulations/Targets for Sustainability
Table 22: Japanese Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 23: Japanese Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 24: South Korean Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 25: South Korean Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 26: Rest of Asia-Pacific Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 27: Rest of Asia-Pacific Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 28: European Market for Sustainable Plastic Packaging, by Country, Through 2027
Table 29: European Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 30: European Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 31: German Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 32: German Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 33: French Government Regulations/Sustainability Targets
Table 34: French Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 35: French Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 36: U.K. Government Regulations/Targets for Sustainability
Table 37: U.K. Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 38: U.K. Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 39: Italian Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 40: Italian Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 41: Rest of European Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 42: Rest of European Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 43: North American Market for Sustainable Plastic Packaging, by Country, Through 2027
Table 44: North American Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 45: North American Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 46: U.S. Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 47: U.S. Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 48: Canadian Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 49: Canadian Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 50: Mexican Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 51: Mexican Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 52: South American Market for Sustainable Plastic Packaging, by Country, Through 2027
Table 53: South American Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 54: South American Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 55: Brazilian Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 56: Brazilian Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 57: Rest of South American Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 58: Rest of South American Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 59: Middle East and African Market for Sustainable Plastic Packaging, by Country, Through 2027
Table 60: Middle East and African Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 61: Middle East and African Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 62: GCC Countries' Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 63: GCC Countries' Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 64: Rest of the MEA Market for Sustainable Plastic Packaging, by Application, Through 2027
Table 65: Rest of the MEA Market for Sustainable Plastic Packaging, by Process, Through 2027
Table 66: Leading Players, Sustainable Packaging, 2021
Table 67: Recent Developments, by Key Players, 2019-2022
Table 68: Amcor Ltd.: Company Financials, 2020-2021
Table 69: Berry Global Inc.: Company Financials, 2020-2021
Table 70: EPL Ltd.: Company Financials, 2020-2021
Table 71: Gerresheimer AG: Company Financials, 2020-2021
Table 72: Huhtamaki Oyj: Company Financials, 2020-2021
Table 73: Mondi Group plc: Company Financials, 2020-2021
Table 74: Sealed Air Corp.: Company Financials, 2020-2021
Table 75: Smurfit Kappa Group: Company Financials, 2020-2021
Table 76: Sonoco Products Co.: Company Financials, 2020-2021
Table 77: Tetra Laval: Company Financials, 2020-2021
Table 78: UFlex Ltd.: Company Financials, 2020-2021
Table 79: Acronyms Used in This Report

List of Figures
Summary Figure: Global Market for Sustainable Plastic Packaging, by Region, 2021-2027
Figure 1: Diverse Strategies Adopted by Regulators Worldwide to Reduce and Manage Packaging Waste
Figure 2: Challenges of Packaging Design for Recycling
Figure 3: Embedded Energy of Polymers
Figure 4: Value Chain Analysis of the Sustainable Packaging Market
Figure 5: Global Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 6: Global Market Shares of Recycle Processes in Sustainable Plastic Packaging, by Region, 2021
Figure 7: Global Market Shares of Reusable Processes in Sustainable Plastic Packaging, by Region, 2021
Figure 8: Global Market Shares of Biodegradation Processes in Sustainable Plastic Packaging, by Region, 2021
Figure 9: Global Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 10: Global Market Shares of Sustainable Plastic Packaging in Food and Beverage Applications, by Region, 2021
Figure 11: Global Market Shares of Sustainable Plastic Packaging in Home and Personal Care Applications, by Region, 2021
Figure 12: Global Market Shares of Sustainable Plastic Packaging in Health Care Applications, by Region, 2021
Figure 13: Global Market Shares of Sustainable Plastic Packaging in Other Applications, by Region, 2021
Figure 14: Global Market Shares of Sustainable Plastic Packaging, by Region, 2021
Figure 15: Asia-Pacific Market Shares of Sustainable Plastic Packaging, by Country, 2021
Figure 16: Asia-Pacific Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 17: Asia-Pacific Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 18: Chinese Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 19: Chinese Market Shares of Sustainable Packaging, by Process, 2021
Figure 20: Indian Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 21: Indian Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 22: Japanese Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 23: Japanese Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 24: South Korean Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 25: South Korean Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 26: Rest of Asia-Pacific Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 27: Rest of Asia-Pacific Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 28: European Market Shares of Sustainable Plastic Packaging, by Country, 2021
Figure 29: European Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 30: European Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 31: German Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 32: German Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 33: French Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 34: French Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 35: U.K. Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 36: U.K. Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 37: Italian Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 38: Italian Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 39: Rest of European Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 40: Rest of European Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 41: North American Market Shares of Sustainable Plastic Packaging, by Country, 2021
Figure 42: North American Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 43: North American Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 44: U.S. Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 45: U.S. Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 46: Canadian Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 47: Canadian Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 48: Mexican Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 49: Mexican Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 50: South American Market Shares of Sustainable Plastic Packaging, by Country, 2021
Figure 51: South American Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 52: South American Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 53: Brazilian Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 54: Brazilian Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 55: Rest of South American Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 56: Rest of South American Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 57: Middle East and African Market Shares of Sustainable Plastic Packaging, by Country,2021
Figure 58: Middle East and African Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 59: Middle East and African Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 60: GCC Countries’ Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 61: GCC Countries’ Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 62: Rest of the MEA Market Shares of Sustainable Plastic Packaging, by Application, 2021
Figure 63: Rest of the MEA Market Shares of Sustainable Plastic Packaging, by Process, 2021
Figure 64: Key Development Strategies in Sustainable Plastic Packaging Market
Figure 65: Amcor Ltd.: Global Sales Share, by Segment, 2021
Figure 66: Amcor Ltd.: Global Sales Share, by Region, 2021
Figure 67: Berry Global Inc.: Global Sales Share, by Segment, 2021
Figure 68: Berry Global Inc.: Global Sales Share, by Region, 2021
Figure 69: EPL Ltd.: Global Sales Share, by Segment, 2021
Figure 70: EPL Ltd.: Global Sales Share, by Region, 2021
Figure 71: Gerresheimer AG: Global Sales Share, by Business Segment, 2021
Figure 72: Gerresheimer AG: Global Sales Share, by Region, 2021
Figure 73: Huhtamaki Oyj: Global Sales Share, by Segment, 2021
Figure 74: Huhtamaki Oyj: Global Sales Share, by Country, 2021
Figure 75: Mondi Group plc: Global Sales Share, by Business Segment, 2021
Figure 76: Mondi Group plc: Global Sales Share, by Region, 2021
Figure 77: Sealed Air Corp.: Global Sales Share, by Region, 2021
Figure 78: Sealed Air Corp.: Global Sales Share, by Business Segment, 2021
Figure 79: Smurfit Kappa Group: Global Sales Share, by Business Segment, 2021
Figure 80: Smurfit Kappa Group: Global Sales Share, by Region, 2021
Figure 81: Sonoco Products Co.: Global Sales Share, by Business Segment, 2021
Figure 82: Sonoco Products Co.: Global Sales Share, by Region, 2021
Figure 83: Tetra Laval: Global Sales Share, by Business Segment, 2021
Figure 84: Tetra Laval: Global Sales Share, by Region, 2021
Figure 85: UFlex Ltd.: Global Sales Share, by Business Segment, 2021

Executive Summary

Growing government actions in favour of eco-friendly packaging are a key driver propelling the market for sustainable plastic packaging.

Sustainable packaging is a method of storing various items that use biodegradable materials that are also safe for the environment and can be recycled and reused. Growing usage of biodegradable materials for packaging protects the environment and reduces pollution because they may be recycled and utilized for other types of material packaging.

The primary factor driving market growth is the growing consumer preference for recyclable and eco-friendly materials. Other factors include the growing downsizing of packaging, the advancement of new technologies and innovations, the rise of non-biodegradable materials, the growing public awareness of environmental health issues like soil pollution, the growing public awareness of the negative effects of plastics, and the growing consumer demand for the use of green packaging. Additionally, growing e-commerce and packaging sector modernization and technical improvements will foster new market possibilities for sustainable plastic packaging during the projected period of 2022-2027.

However, among other things, rising packaging switching to non-plastic solutions, increasing lack of awareness about the importance of sustainability in some emerging economies, and fewer recycling infrastructure facilities are the main factors slowing market growth. Additionally, rising price fluctuations for raw materials will further impede the development of the sustainable plastic packaging market.

In terms of process, the market is segmented into recyclable, reusable, and biodegradable. The global battle against packaging materials made of plastic and other harmful materials, as well as increased demand for sustainable packaging across a variety of industries including food and beverage, pharmaceuticals, etc., are all contributing to the market’s growth in demand for biodegradable packaging materials. During the forecast period, market growth is likely to be sparked by increased sustainability efforts, environmental protection, increased consumer awareness, government bans on plastic, and an emphasis on effective packaging solutions.

Manufacturers of biodegradable packaging materials are using pro-environment messaging in their marketing campaigns, which is expected to increase their market share. For instance, Coca-Cola and PepsiCo declared in 2021 that by the end of 2025, all packaging would be made entirely of biodegradable, recyclable, and compostable materials.

Companies Mentioned

  • Amcor Ltd.
  • Berry Global Inc.
  • Constantia Flexibles Group GmbH
  • Epl Ltd. (Formerly Essel Propack Ltd.)
  • Genpak LLC
  • Gerresheimer AG
  • Huhtamaki Oyj
  • Innovia Films Ltd.
  • Mondi Group plc
  • Natureworks LLC
  • Novamont S.P.A.
  • Phoenix Technologies International LLC
  • Plastic Suppliers Inc.
  • Reynolds Packaging
  • Sealed Air Corp.
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • Tetra Laval
  • Uflex Ltd.

Table Information

Report AttributeDetails
No. of Pages183
PublishedSeptember 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 90 Billion
Forecasted Market Value ( USD ) by 2027 $ 117.5 Billion
Compound Annual Growth Rate5.5%
Regions CoveredGlobal
No. of Companies Mentioned19

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