Author: sHq_LoGiNz

VANCOUVER, BC, May 23, 2025 /PRNewswire/ — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (the “Company”), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the results of the Annual General and Special Meeting (AGM) that was held today.

The shareholders elected all of management’s director nominees being Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Sebastian Giordano, David Richardson and Brendan Riley.

The shareholders also re-approved the Company’s 2022 Equity Incentive Plan and appointed BDO Canada LLP as the Company’s auditors for the ensuing fiscal year.

Following the AGM the Directors of the Company appointed the following officers of the Company for the ensuing year:  Fraser Atkinson – Chairman and Chief Executive Officer, Brendan Riley – President and Michael Sieffert – Chief Financial Officer and Corporate Secretary.

Contact

Fraser Atkinson, CEO 
(604) 220-8048

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose-built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

RINCON, Puerto Rico, May 23, 2025 /PRNewswire/ — Kent Lake PR LLC (“Kent Lake“), a holder of approximately 6.9% of the outstanding common stock of Quanterix Corporation (“Quanterix” or the “Company”) (NASDAQ: QTRX), today issued the following statement regarding the Company’s Post-Effective Amendment to its S-4 registration statement and Akoya Biosciences’ (“Akoya”) (NASDAQ: AKYA) disclosure of an unsolicited all-cash offer at $1.40-per-share.

“Quanterix’s amended merger terms (the “Amended Merger Agreement”), structured to avoid a shareholder vote, already commit the company to pay $20 million in cash alongside 8.4 million newly issued shares in its misguided pursuit of Akoya. On May 20, 2025, Akoya disclosed an unsolicited third-party all-cash tender offer at $1.40-per-share, a 22% premium over Akoya’s 30-day VWAP and Quanterix’s implied offer price under the Amended Merger Agreement. To match this clearly superior proposal, Quanterix would need to increase its cash consideration by an additional $20 million.

The Quanterix Board must not double down on this value-destructive merger.

At approximately $4.75-per-share, Quanterix trades at a material discount to its net cash position, reflecting investor concerns over the significant value destruction resulting from this transaction. The post-effective amendment filed by Quanterix clearly acknowledges stockholder opposition as a key driver behind renegotiating the merger terms, ultimately leading to the removal of the shareholder voting requirement:¹

• “…Dr. Toloue had communicated…that some of Quanterix’s largest stockholders expressed concerns that the market had deteriorated…and, as a result, no longer intended to vote in favor of the share issuance contemplated in the Original Merger Agreement.”
     
• “Representatives of Spotlight conveyed their estimation that the likelihood of obtaining Quanterix stockholder approval for the share issuance on the terms set forth in the Original Merger Agreement was low.” 
     
• “…the Akoya Strategic Transactions Committee discussed the high degree of risk that the conditions to the closing of the transaction, on the terms contemplated in the Original Merger Agreement, would not be satisfied, and therefore that the transaction would not be consummated.”

At this point, we believe the pursuit of an alternative competitive proposal by the Quanterix Board would place Quanterix’s balance sheet at significant risk.

Dr. Toloue promises the combined company will break even in 2026, but his projections have already been missed twice in 2025 and cannot be relied upon. Simple math does not support his claims for break-even in 2026, given the combined companies are currently burning over $80 million. Even if he achieves the $55 million in synergies he promises, it will still leave Quanterix burning $25 million in 2026. Counting on significant revenue growth in 2026 is far too risky given the proposed 2026 NIH budget cuts.

If Quanterix raises its cash offer for Akoya, that will create significant balance sheet risk during a period of industry turmoil and would represent a fiduciary breach by the Quanterix Board. Additionally, if the Board further pursues Akoya, they should understand they are doing so against the will of their own shareholders.

Quanterix currently has an enterprise value of negative $80 million. While Dr. Toloue continues to blame the macro environment for Quanterix’s share price decline, we challenge him to identify any other life science tools company generating over $100 million in revenue and trading at a negative enterprise value. This proves that investors see value destruction, not value creation, in the Akoya deal. If the Board chooses to ignore this strong market signal yet again, it demonstrates they are continuing to act against the expressed views of their largest shareholders, as well as the market overall.

In response to this clearly superior third-party proposal for Akoya, we call upon the Quanterix Board to allow Akoya to accept a superior proposal without increasing the purchase consideration offered by Quanterix. Increasing the Akoya purchase consideration in any way while simultaneously denying Quanterix shareholders their right to vote on the Merger, which the Board knows Quanterix shareholders do not support, and puts Quanterix’s balance sheet further at risk, would represent a breach of fiduciary duty.

Additionally, if the Quanterix Board undervalues their own shares to such an extent that they are willing to weaken their balance sheet significantly and issue shares at a negative enterprise value to acquire a struggling Akoya, they should instead run a strategic alternatives process on Quanterix and sell the company to the highest bidder.”

About Kent Lake

Kent Lake Partners LP is an investment fund founded by Ben Natter in 2019 with a focus on small and mid-capitalization public equities, particularly in the healthcare space. Mr. Natter has over a decade of successful public healthcare equity investing experience.

Certain Information Concerning the Participants

Kent Lake Partners LP (“Kent Lake Partners”), together with the other Participants (as defined below), intends to file a preliminary proxy statement and an accompanying GOLD universal proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for, among other matters, the election of its slate of highly-qualified director nominees at the 2025 annual meeting of stockholders of Quanterix Corporation, a Delaware corporation (the “Company”).

KENT LAKE PARTNERS STRONGLY ADVISES ALL SHAREHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING ITS GOLD PROXY CARD, AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS’ PROXY SOLICITOR.

The participants in the proxy solicitation are currently anticipated to be Kent Lake Partners, Kent Lake PR LLC (“Kent Lake PR”) and Benjamin Natter (collectively, the “Kent Lake Parties”); and Alexander G. Dickinson, Bruce Felt and Hakan Sakul (the “Kent Lake Nominees” and collectively with the Kent Lake Parties, the “Participants”).

As of the date hereof, Kent Lake Partners directly beneficially owned 2,688,472 shares of the Company’s Common Stock, $0.001 par value per share (the “Common Stock”). Kent Lake PR, as the investment adviser and as the general partner to Kent Lake Partners, may be deemed to beneficially own the 2,688,472 shares of Common Stock beneficially owned by Kent Lake Partners. Mr. Natter, as the Managing Member of Kent Lake PR, may be deemed to beneficially own the 2,688,472 shares of Common Stock beneficially owned by Kent Lake Partners. None of the Kent Lake Nominees beneficially own any shares of Common Stock. All of the foregoing information is as of the date hereof unless otherwise disclosed.

Investor Contacts

Ben Natter, 415-237-0007
info@kentlakecap.com 

Saratoga Proxy Consulting LLC
John Ferguson / Ann Marie Mellone
212-257-1311 / 888-368-0379
info@saratogaproxy.com 

¹ Amended Background to the Merger, beginning on page 222 of the Post-Effective Amendment, filed May 21, 2025.

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SOURCE Kent Lake PR LLC

ISS Recognizes There is No Case for Change

Dynavax’s Superior Strategy and Current Board are Best Equipped to Deliver Significant Long-Term Stockholder Value

Dynavax Comments on Deep Track’s Misleading Supplemental Materials

Urges Stockholders to Follow ISS Recommendation and Vote “FOR” ALL Four of Dynavax’s Highly Qualified Director Nominees on the GOLD Proxy Card Today

EMERYVILLE, Calif., May 23, 2025 /PRNewswire/ — Dynavax Technologies Corporation (Nasdaq: DVAX) (“Dynavax” or the “Company”), a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines, today announced that leading independent proxy advisory firm, Institutional Shareholder Services (“ISS”), has recommended that Dynavax stockholders vote “FOR” all four of the Company’s director nominees standing for election – Brent MacGregor, Scott Myers, Lauren Silvernail and Elaine Sun – at the Company’s upcoming Annual Meeting of Stockholders on June 11, 2025.

In its May 23, 2025, report, ISS noted that Deep Track has failed to present a compelling case for change. ISS recognizes that Dynavax’s current strategy is the best path forward for continued long-term stockholder value creation, the Board has engaged in a proactive refreshment process, and the Board has engaged earnestly with Deep Track¹:

• “Despite recent challenges, the company’s strategy is logical, is well understood by shareholders, and is being overseen by a proven leadership team that has driven long-term outperformance. Moreover, there is no reason to conclude that the board would be unwilling to embrace a different path forward if necessary. As such, the dissident has not presented a compelling case for change.”
• “The basic logic underpinning the company’s strategy is self-evident. There are demonstrated potential uses for the company’s adjuvant beyond Heplisav, and the company possesses established commercialization capabilities. Moreover, this approach has been in place since the refocus in 2019, and has been consistently messaged to shareholders. Since that time, the company has successfully commercialized Heplisav, and has enjoyed the type of long-term success that evades most biopharmaceutical companies.”
• “There are serious concerns with the dissident’s presentation of TSR… The dissident’s attempt to suggest otherwise through a blatantly distorted TSR analysis has only diminished its credibility.”
• “The board has also demonstrated ongoing refreshment efforts, as six of the nine directors have been appointed since 2020.”
• “The board’s efforts to reach a settlement with the dissident appear genuine… The primary sticking point for both parties was the appointment of Erkman as a director… the dissident eventually refused to entertain any offer that did not include him.”

Dynavax’s Board of Directors issued the following statement:

The recommendation from ISS to support all of Dynavax’s highly qualified director nominees reaffirms that there is no case for change. The Company has the right strategy and Board in place to continue driving long-term stockholder value.

Our director nominees – Brent MacGregor, Scott Myers, Lauren Silvernail and Elaine Sun – bring proven strategic leadership, vaccine expertise, senior public biotechnology and M&A experience and deep industry financial expertise, all of which are critical to Dynavax. Replacing any of our directors with Deep Track’s inferior director nominees would leave Dynavax deficient in vital expertise and be detrimental to Dynavax’s value-creating strategy.

We are encouraged that ISS calls attention to Deep Track’s cherry picked and highly misleading materials. Deep Track’s latest supplemental presentation further discredits their position by including misleading information that reveals their fundamental misunderstanding of our business. Our CpG 1018® adjuvant has, and we expect will continue to, provide value as evidenced by the over $950 million in revenue generated through COVID-19 business development leveraging our adjuvant, HEPLISAV-B®’s leadership position in the adult U.S. hepatitis B vaccine market, four vaccine programs currently in development by Dynavax using CpG 1018 with the opportunity to potentially address millions of patients, and over 15 collaborations currently in preclinical and clinical development by partners utilizing CpG 1018.

Our Board has demonstrated that we take a long-term view to growth and value creation, and we are committed to returning excess capital as part of our balanced strategic plan. With 203% total return delivered to stockholders over the last five years², it is clear our strategy is working and generating superior value. Deep Track’s campaign to ultimately gain control of Dynavax and execute a one-dimensional plan to strip-mine Dynavax will destroy long-term value for all stockholders. Deep Track is deeply wrong and now is the time for stockholders to let them know.

Dynavax reminds stockholders that every vote is important, no matter how many or few shares it represents. Dynavax strongly urges stockholders vote “FOR” ALL four of Dynavax’s director nominees standing for election – Brent MacGregor, Scott Myers, Lauren Silvernail and Elaine Sun – on the GOLD proxy card today.

Dynavax stockholders who need assistance in voting their shares may call the Company’s proxy solicitor, MacKenzie Partners, at 1-800-322-2885.

Advisors

Goldman Sachs & Co. LLC is serving as financial advisor to Dynavax and Cooley LLP is serving as legal counsel.

About Dynavax

Dynavax is a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines to help protect the world against infectious diseases. The Company has two commercial products, HEPLISAV-B® vaccine (Hepatitis B Vaccine (Recombinant), Adjuvanted), which is approved in the U.S., the European Union and the United Kingdom for the prevention of infection caused by all known subtypes of hepatitis B virus in adults 18 years of age and older, and CpG 1018® adjuvant, currently used in HEPLISAV-B and multiple adjuvanted COVID-19 vaccines. For more information about our marketed products and development pipeline, visit www.dynavax.com.

Forward-Looking Statements

This communication contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to a number of risks and uncertainties. All statements that are not historical facts are forward-looking statements. Forward-looking statements can generally be identified by the use of words such as “continue,” “expect,” “will,” “plan,” “would” and similar expressions, or the negatives thereof, or they may use future dates. Forward-looking statements made in this document include statements regarding expected contributions from our current directors, expectations regarding delivering value for our stockholders, market share and size of the market, our business strategy and long-term performance. Actual results may differ materially from those set forth in this communication due to the risks and uncertainties inherent in our business, including, the risk that circumstances surrounding or leading up to our 2025 Annual Meeting may change, risks relating to our ability to commercialize and supply HEPLISAV-B, the risks that market size or actual demand for our products may differ from our expectations, risks related to the timing of completion and results of current clinical studies, risks related to the development and pre-clinical and clinical testing of vaccines containing CpG 1018 adjuvant, and risks related to the implementation of our long-term growth objectives, as well as other risks detailed in the “Risk Factors” section of our Quarterly Report on Form 10-Q for the three months ended March 31, 2025 and any periodic filings made thereafter, as well as discussions of potential risks, uncertainties and other important factors in our other filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof, are qualified in their entirety by this cautionary statement and we undertake no obligation to revise or update information herein to reflect events or circumstances in the future, even if new information becomes available. Information on Dynavax’s website at www.dynavax.com is not incorporated by reference in our current periodic reports with the SEC.

Important Additional Information and Where to Find It

On April 17, 2025, the Company filed a definitive proxy statement on Schedule 14A (the “Proxy Statement”) and form of accompanying GOLD proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting and its solicitation of proxies for the Company’s director nominees and for other matters to be voted on. The Company may also file other relevant documents with the SEC regarding its solicitation of proxies for the 2025 Annual Meeting. This communication is not a substitute for any proxy statement or other document that the Company has filed or may file with the SEC in connection with any solicitation by the Company. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT, ACCOMPANYING GOLD PROXY CARD AND OTHER RELEVANT DOCUMENTS FILED WITH, OR FURNISHED TO, THE SEC CAREFULLY AND IN THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION. Stockholders may obtain a copy of the Proxy Statement, accompanying GOLD proxy card, any amendments or supplements to the Proxy Statement and any other relevant documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge at the Company’s website at https://investors.dynavax.com/sec-filings.

Certain Information Regarding Participants

This communication is neither a solicitation of a proxy or consent nor a substitute for any proxy statement or other filings that may be made with the SEC. The Company, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies for the 2025 Annual Meeting. Information regarding the names of such persons and their respective direct or indirect interests in the Company, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 17, 2025, including in the sections captioned “Compensation Discussion and Analysis,” “Summary Compensation Table,” “Grants of Plan Based Awards,” “Outstanding Equity Awards at Fiscal Year End,” “Pay Ratio Disclosure,” “Director Compensation,” “Certain Transactions,” “Security Ownership of Certain Beneficial Owners and Management,” and “Supplemental Information Regarding Participants in the Solicitation.” To the extent that the Company’s directors and executive officers have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.

For Investors:
Paul Cox
pcox@dynavax.com
510-665-0499

Or

MacKenzie Partners, Inc.
Bob Marese / John Bryan
Toll-Free: 1-800-322-2885
DVAX@mackenziepartners.com

For Media:
Dan Moore / Tali Epstein
Dynavax-CS@collectedstrategies.com

¹ Permission to use quotes neither sought nor obtained. Emphasis added.
² As of April 17, 2025, the date Dynavax filed its definitive proxy.

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SOURCE Dynavax Technologies

BANGALORE, India, May 23, 2025 /PRNewswire/ — Direct Air Capture Device Market is Segmented by Type (Liquid Adsorption, Solid Adsorption), by Application (Food and Beverage, Greenhouse, Energy, Fuel).

The Global Direct Air Capture Device market was valued at USD 25.9 Million in 2024 and is anticipated to reach USD 1340 Million by 2031, witnessing a CAGR of 76.8% during the forecast period 2024-2031.

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Major Factors Driving the Growth of Direct Air Capture Device Market:

The global direct air capture device market is experiencing accelerated growth due to increasing pressure to achieve net-zero targets and offset residual emissions. With the convergence of policy support, technological innovation, and corporate responsibility, DAC devices are becoming central to climate mitigation strategies. Investment in R&D, integration with CCS and renewable energy, and expanding carbon markets are collectively fostering a robust ecosystem for DAC deployment. As adoption spreads across industries and regions, the market is expected to evolve rapidly, with scalability and cost reduction playing pivotal roles in determining future growth trajectories.

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TRENDS INFLUENCING THE GROWTH OF THE DIRECT AIR CAPTURE DEVICE MARKET:

The automotive industry is significantly contributing to the growth of the direct air capture (DAC) device market due to its role as a primary source of carbon emissions. As global regulatory bodies enforce stricter emission norms on vehicle manufacturers, there is a growing demand for innovative carbon offset technologies like DAC systems. Automakers are increasingly investing in carbon removal projects to achieve net-zero emissions and offset the environmental footprint of internal combustion engines. Additionally, the transition towards electric vehicles does not immediately eliminate supply chain emissions, which further fuels the adoption of DAC technologies. These devices are also being integrated into sustainable vehicle lifecycle models, providing a practical pathway for automotive companies to contribute to climate goals while enhancing brand value.

The synergy between Carbon Capture and Storage (CCS) infrastructure and direct air capture (DAC) devices plays a critical role in market expansion. CCS facilities provide a viable end-use solution for the captured CO₂ from DAC systems, enabling long-term geological storage or utilization in industrial processes. The growth of CCS networks in regions like North America and Europe makes it economically feasible to deploy DAC devices at scale, reducing logistical challenges related to CO₂ storage. Additionally, many government-backed CCS projects include DAC as part of integrated carbon management frameworks, leading to increased public and private funding for DAC technologies. As CCS adoption accelerates, it directly enhances the commercial and environmental viability of DAC, positioning it as a key component of decarbonization roadmaps across various industries.

Liquid adsorption is a fundamental mechanism in many DAC devices, and its refinement is driving the broader market growth. This technique leverages specialized solvents to selectively capture CO₂ molecules from ambient air, offering higher efficiency and lower energy requirements compared to other methods. The scalability and modularity of liquid-based DAC systems make them suitable for diverse applications, from industrial settings to urban carbon capture projects. Continuous advancements in solvent chemistry are also improving carbon capture rates and reducing operational costs, making liquid adsorption more attractive to commercial stakeholders. Furthermore, liquid systems integrate seamlessly with downstream carbon utilization processes, enhancing the circular economy potential of DAC technologies and driving investments in this segment.

A surge in corporate pledges to achieve net-zero emissions is boosting demand for DAC devices. Multinational corporations in sectors such as tech, retail, and manufacturing are seeking reliable methods to counterbalance their residual carbon footprints. DAC devices offer a measurable and verifiable solution for carbon removal, which aligns with Environmental, Social, and Governance (ESG) reporting metrics. These commitments are pushing companies to invest in DAC projects or partner with startups and technology providers. As investors and consumers pressure firms to demonstrate environmental accountability, DAC emerges as a preferred tool in long-term sustainability strategies, fueling consistent market demand.

Government incentives and regulatory frameworks are crucial in propelling the DAC device market forward. Policy instruments such as carbon pricing, tax credits, and public funding for negative emission technologies are creating favorable conditions for DAC deployment. For instance, initiatives like the U.S. 45Q tax credit and the EU Innovation Fund specifically support DAC-related projects. These programs reduce financial barriers and encourage pilot projects and commercial-scale implementations. In addition, climate policies increasingly recognize DAC as an essential element of national emission reduction strategies, prompting both private and public sectors to collaborate in deploying scalable DAC solutions.

Industries with hard-to-abate emissions, such as cement, steel, and aviation, are adopting DAC devices to meet decarbonization targets. These sectors often face limited options for direct emission reduction, making DAC a strategic alternative. Co-locating DAC systems near industrial plants allows for localized carbon offsetting and enhances operational sustainability. Moreover, integrating DAC with carbon utilization processes—like synthetic fuel production—opens up additional revenue streams. This industrial application is reinforcing DAC’s role in comprehensive decarbonization strategies and generating demand from sectors with high carbon liabilities.

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DIRECT AIR CAPTURE DEVICE MARKET SHARE

The direct air capture device market shows prominent growth across North America, Europe, and parts of Asia-Pacific. North America leads due to strong policy incentives, large-scale pilot projects, and the presence of key market players. Europe follows closely, driven by ambitious climate targets and public-private partnerships promoting carbon removal.

The Asia-Pacific region, particularly countries like Japan and South Korea, is beginning to invest in DAC technologies as part of long-term emission control strategies. Regional market dynamics are also shaped by the availability of renewable energy, CCS infrastructure, and public awareness of climate issues, which influence adoption rates.

Key Companies:

• CarbonCapture Inc
• Carbon Engineering
• Global Thermostat
• Climeworks
• Sustaera
• Heirloom
• Carbfix
• Mission Zero
• AirCapture LLC

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–          Passive Direct Air Capture Market

–          The global market for Large-scale Direct Air Capture (DACS) Facilities was valued at USD 355 Million in the year 2023 and is projected to reach a revised size of USD 801 Million by 2030, growing at a CAGR of 11.1% during the forecast period.

–          The global market for Membrane-Based Direct Air Capture Technology was valued at USD 32 Million in the year 2024 and is projected to reach a revised size of USD 112 Million by 2031, growing at a CAGR of 11.6% during the forecast period.

–          Direct Air Capture and Storage Technology Market

–          The global Direct Air Capture Machines market was valued at USD 15 Million in 2023 and is anticipated to reach USD 468.2 Million by 2030, witnessing a CAGR of 76.8% during the forecast period 2024-2030.

–          Direct Air Carbon Capture and Storage (DACCS) Market

–          The global market for Carbon Capture was estimated to be worth USD 4.41 billion in 2023 and is forecast to a readjusted size of USD 6.89 Billion by 2030 with a CAGR of 6.6% during the forecast period 2024-2030.

–          Commercial Carbon Capture market was valued at USD 1265 Million in 2023 and is anticipated to reach USD 2552 Million by 2030, witnessing a CAGR of 10.3% during the forecast period 2024-2030.

–          Industrial Scale Carbon Capture Market

–          The global market for Carbon Capture Blowers was valued at USD 647 Million in the year 2024 and is projected to reach a revised size of USD 918 Million by 2031, growing at a CAGR of 5.6% during the forecast period.

–          Stationary Carbon Capture Unit Market

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SOURCE Valuates Reports

CHICAGO, May 23, 2025 /PRNewswire/ — The global green packaging market size is projected to be valued at USD 365.46 billion by 2025 and reach USD 503.43 billion by 2030, growing at a CAGR of 6.6% according to a new report by The Research Insights. The global reusable packaging market is estimated to grow at a CAGR of 7.4% over the forecast period 2025 to 2030. The rising environmental consciousness drives both consumers and governments to push for changes in product packaging and consumption methods. A primary driver of this change is the increasing regulatory demands that focus on minimizing plastic waste’s environmental consequences. The green packaging market has become an essential solution given the current environmental context.

For More Information and To Stay Updated on The Latest Developments in The Green Packaging Market Report, Download FREE Sample Pages: https://www.theresearchinsights.com/request_sample?id=5921

Market Overview and Growth Trajectory:

Green Packaging Market Growth: According to an exhaustive report by The Research Insights, the Green Packaging Market experiences significant changes as cultural values around environmental sustainability evolve. A substantial transformation in consumer behavior occurred in recent years because people became more aware of environmental problems. A rising number of environmentally aware consumers is driving the demand for packaging solutions that can be recycled or reused and that naturally decompose after use.

The report runs an in-depth analysis of green packaging market trends, key players, and future opportunities. In general, the green packaging market growth of 6.6% comprises a range of packaging type, material type, application and geography which are expected to register strength during the coming years.

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Shift Toward Minimalist and Smart Packaging: Consumer demand for sustainable practices and transparent product information has made minimalist and smart packaging a strategic business choice beyond its status as a design trend. Minimalist packaging achieves its goal by successfully reducing material usage without affecting product functionality or visual appeal. Excessive plastic wrappers and multilayered corrugated boxes with redundant inserts are no longer used in modern packaging strategies. Modern brands choose efficient designs that cut down on waste while minimizing environmental effects. The green packaging market size expands as companies begin using lightweight materials that are recyclable or biodegradable which require less resources during both production and disposal stages. The progression towards both minimalism and smart design represents a larger cultural transformation. Today’s consumers seek purpose-driven products that match their personal beliefs rather than being attracted by flashy packaging. Through packaging innovation brands see a dual benefit of lessened environmental impact and solidified customer trust. Minimalist and smart packaging solutions redefine industry standards while pushing the green packaging market forward by making sustainability easier, smarter and more within reach.

Technological Integration in Recycling: The integration of artificial intelligence, robotics, and blockchain technology into sorting and tracking systems for materials supports the expansion of the green packaging market. Using artificial intelligence to power vision systems enables the identification and sorting of various packaging materials with unprecedented accuracy which surpasses human capabilities. Through accurate processing systems, more recyclable materials get correctly handled while reducing contamination levels in landfills. Robotics enhances recycling plants by providing both speed and consistency which leads to improved efficiency and scalability. These tools become increasingly important as the amount of green packaging materials such as bioplastics and plant-based films continues to expand. For the green packaging market, these innovations solve a crucial challenge: The green packaging market is driven by implementing methods to recycle sustainable materials and avoid their disposal as waste. The integration of technology into recycling systems enables us to complete material cycles and approach genuine circular economic principles. Today’s recycling systems rely on technology as their foundation which transforms sustainable packaging market into a scalable and achievable option.

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Reusable Packaging Models Gaining Traction: A silent transformation focused on reuse is transforming both store shelves and our everyday actions in our eco-aware society. The reusable packaging market expands rapidly as consumers and retailers acknowledge its environmental and economic advantages over single-use options. The concept of using packaging multiple times through refillable shampoo bottles, durable food containers and returnable coffee cups is now widespread. Reusable solutions have developed alongside the growing green packaging market without any noticeable disconnect. These markets focus on waste reduction and virgin material dependence while designing circular systems that allow packaging to be reused multiple times before disposal. Retailers recognize reusable packaging as an opportunity to enhance brand identity rather than just fulfilling environmental responsibilities. Reusable packaging strengthens consumer brand loyalty while demonstrating a company’s dedication to environmental responsibility. The adoption of reusable packaging systems becomes simpler for businesses and consumers as infrastructure advances through better return logistics and washing facilities.

Geographical Insights: The North American green packaging market experiences robust expansion with a market share of 27.4% in 2024 because of rising environmental consciousness combined with state bans on single-use plastics and consumer preference for sustainable options. Retailers and FMCG companies in the United States and Canada are now committed to reaching net-zero emissions through the implementation of recyclable, compostable, and biodegradable packaging options. The green packaging market demonstrates significant maturity and policy guidance within Europe. Manufacturers are being driven by the EU’s Green Deal together with its Plastics Strategy and Packaging and Packaging Waste Directive to adopt environmentally friendly alternatives to traditional plastic. The Asia Pacific green packaging market experiences fast growth due to environmental awareness increases alongside urban development and shifting regulations. China, India, Japan, and South Korea have enforced tougher regulations to manage plastic waste through bans and recycling requirements.

Green Packaging Market Segmentation and Geographical Insights:

• Based on packaging type, the green packaging market size is divided into recycled content packaging, reusable packaging and degradable packaging. The recycled content packaging segment accounted for a larger share of the green packaging market in 2024.
• Based on material type, the green packaging market report is divided into paper & paperboard, plastic, metal, glass and others. The paper & paperboard segment accounted for a larger share of the green packaging market in 2024.
• Based on application, the green packaging market share is divided into food & beverages, personal care, health care and others. The food & beverages segment accounted for a larger share of the green packaging market in 2024.
• The green packaging green packaging market growth is segmented into five major regions: North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

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Key Players and Competitive Landscape:

The Green Packaging Market is characterized by the presence of several major players, including:

• International Paper
• Mondi Group
• Huhtamaki Oyj
• Ball Corporation
• Crown Holdings
• Tetra Pak
• Greiner Packaging
• Gerresheimer AG
• Sonoco Product Company
• Amcor Plc
• Sealed Air Corporation
• Smurfit WestRock
• Vegware
• Pactiv LLC

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Green Packaging Market Recent Developments and Innovations:

• In January 2025, International Paper acquired DS Smith Plc which was a sustainable packaging manufacturer. The merger will create substantial shareholder value while positioning the new entity as a worldwide leader in sustainable and green packaging solutions. The acquisition aims to expand market presence across North America and Europe.
• In September 2024, ANDRITZ and PulPac AB, the Swedish manufacturer in Dry Molded Fiber technology, have entered into a strategic partnership to serve the alternative packaging market.
• In January 2024, Sealed Air Corporation launched compostable protein packaging tray made from biobased, food-contact grade resin, which is USDA-certified as having 54% biobased content chemically derived from renewable wood cellulose at IPPE 2024.

Conclusion:

The global green packaging market is experiencing rapid growth because of regulatory demands and evolving consumer preferences along with technological advancements. The global packaging landscape is being transformed through reusable packaging models, minimalist smart designs and technological recycling systems which enable the shift from traditional linear packaging to a circular one. The integration of AI and robotics with blockchain technology for better material recovery and traceability combined with rising consumer demands for transparency drives businesses to innovate. The worldwide push to lessen environmental impact has transformed the green packaging market from a growing sector into an essential component for developing sustainable packaging solutions throughout all industries and regions.

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The report from The Research Insights, therefore, provides several stakeholders—including raw material suppliers, packaging manufacturers, distributors and end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

With projected growth to US$ 503.43 billion by 2030, the Green Packaging Market represents a significant opportunity for raw material suppliers, packaging manufacturers, distributors, end-users, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Check out more related studies published by The Research Insights:

• Compostable Packaging Market – The global compostable packaging market size is expected to reach USD 113.88 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 6.5% from 2024 to 2030. A multifaceted interplay of environmental awareness, evolving regulatory environments, shifting consumer attitudes, and innovations in material science are driving the market’s expansion.
• Post-consumer Recycled Plastics Market – The global post-consumer recycled plastics market size is expected to reach USD 21.64 billion by 2030, according to a new report by The Research Insights. It is projected to register a CAGR of 10.4% during the forecast period, attributed growing concerns about environmental sustainability. As governments introduce stricter regulations and industries respond with sustainable practices, the demand for eco-friendly solutions is on the rise.
• Paper Packaging Market – The global paper packaging market size is anticipated to reach USD 527.1 billion by 2030 and is projected to grow at a CAGR of 4.8% from 2025 to 2030, according to a new report by The Research Insights. The growing preference for environmentally friendly packaging solutions like paper has driven this expansion, as consumers and enterprises alike seek eco-conscious options.
• Biodegradable Plastic Market – The global biodegradable plastic market size is anticipated to reach USD 10.04 billion by 2030, according to a new report by The Research Insights, expanding at a CAGR of 9.2% from 2024 to 2030. The upward trajectory is largely attributed to efforts by governments to ban single-use plastics and raise public awareness about the detrimental effects of plastic waste on the environment.
• Sustainable Packaging Market – The global Sustainable Packaging Market Size is projected to be valued at USD 297.3 billion in 2024 and reach USD 527.4 billion by 2034, growing at a CAGR of 5.9% according to a new report by The Research Insights. The North America region leads the sustainable packaging market Value account for a share of 28% strict environmental laws and business sustainability goals along with rising consumer preference for green products. The paper & paperboard segment held the largest share of the sustainable packaging market Growth in 2024. The plastic segment led the pack in terms of sustainable packaging market size dominance, accounting for over 43% of the overall revenue in 2023. The rigid type segment holds a significant Sustainable Packaging Market Growth lead, accounting for over 60% of revenue in 2023. The primary packaging segment dominated the sustainable packaging market Value with over 76% revenue share in 2023. The recyclable process segment has emerged as a pivotal component in the sustainable packaging market share, boasting a substantial revenue share of over 63% in 2023. The food and beverages segment held a significant lead in the sustainable packaging market share, accounting for over 49% of the total revenue in 2023. In 2023, Europe played a significant role in shaping the global sustainable packaging market report landscape, accounting for over 36% of the total revenue share.

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