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As of 2022, the worldwide green packaging market was worth $274,8 million. The Green Packaging market is expected to increase from USD 290.87 million in 2022 to USD 440.18 million by 2030, representing a CAGR of 7.10% between 2022 and 2030. The primary market drivers boosting the market for green packaging are strict regulations on the use of single-use plastics and rising consumer awareness of sustainable packaging.
In response to rising concerns among American consumers about the environmental impact of single-use plastics, several businesses have begun to favour green packaging options. For instance, Returnity Innovations Inc., a U.S.-based packaging company, provides sustainable packaging solutions including poly-mailer bags, garment bags, and other reusable packaging items in an effort to cut down on plastic packaging waste in landfills.
In addition, the green packaging sector in the United States has benefited from the government's rigorous rules and policies on plastic packaging solutions. Such as the Sustainable Packaging Coalition, an environmental group in the United States that promotes sustainable packaging practises and offers resources and guidance to businesses looking to implement sustainable packaging solutions, which the government has emphasised in an effort to encourage producers and suppliers to adopt green packaging solutions.
Today, a wide variety of polymers derived from petroleum are used for packaging. Because of the ease with which it can become contaminated during recycling or reuse, this substance is not biodegradable and cannot be used again. To counteract the problems associated with conventional plastics, renewable resources were used to create biodegradable plastics. Green packaging is more sustainable since it requires fewer fossil fuels to manufacture and because its contents decompose more quickly. The expansion of the green packaging market will be aided by the release of renewable energy in the form of methane gas from landfilled organic food and garden waste, as well as the use of the compost byproduct to improve soil quality. In addition, businesses have been hesitant to use eco-friendly packaging due to high production and setup costs. Space constraints and the lack of government measures to subsidise recycling, especially in developing countries, are also restraining factors for the market.
Green packaging is made from eco-friendly components such bioplastics, recyclable paper and plastics, biomaterial derived from plants, organic fabrics, and previously owned items. Because of their low environmental impact and ease of use, these items are quickly replacing traditional plastics. These materials are safe to use around food because they prevent spoilage and other problems caused by contamination and the elements. Because of this, there is a growing need for environmentally friendly food packaging. Consumers have been influenced by food technology, which has allowed them to conveniently get comfort foods in the form of convenience foods. Growth in the global green packaging market is anticipated to be aided by the rising popularity of convenience meals, which has been bolstered by advances in transportation and communication technology. The packaging industry as a whole is increasingly concerned with consumer protection and environmental friendliness.
Use of biodegradable additives and compostable materials, as well as recycling problems, are only a few of the environmental concerns raised by current packaging options. The Institute of Scrap Recycling Industries (ISRI) released updated guidelines and official stances on biodegradable packaging additives in 2017. The research emphasised that there has not been extensive testing of biodegradable chemicals, so we do not know the full extent of the threat they pose to the environment and human health. Since there is a lengthy process from collecting to recycling, recycling companies are unable to sell plastic and paper products at profitable rates. Therefore, they must impose additional charges to cover their costs. Philadelphia is among the cities that have started selling recyclables to incinerators that generate electricity by burning trash. Air pollution and carbon emissions are significant downsides to this proposed remedy.
Report Coverage
Global Green Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Green Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Green Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Green Packaging market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Green Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Green Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bemis Company, Huhtamaki OYJ (Finland), Amcor Limited (Australia), Sealed Air Corporation (US), Tetra Laval International S.A. (Switzerland), Sonoco Products Company (U.S.), WestRock Company (US), Smurfit Kappa Group PLC (U.S.), Mondi Plc. (South Africa) and BASF SE (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Green Packaging market based on the below-mentioned segments:
Global Green Packaging Market, By Type
Recycled Content Packaging
Degradable Packaging
Global Green Packaging market, By Application
Food & Beverage
Health Care
Personal Care and Other
Global Green Packaging market, Regional Analysis
In response to rising concerns among American consumers about the environmental impact of single-use plastics, several businesses have begun to favour green packaging options. For instance, Returnity Innovations Inc., a U.S.-based packaging company, provides sustainable packaging solutions including poly-mailer bags, garment bags, and other reusable packaging items in an effort to cut down on plastic packaging waste in landfills.
In addition, the green packaging sector in the United States has benefited from the government's rigorous rules and policies on plastic packaging solutions. Such as the Sustainable Packaging Coalition, an environmental group in the United States that promotes sustainable packaging practises and offers resources and guidance to businesses looking to implement sustainable packaging solutions, which the government has emphasised in an effort to encourage producers and suppliers to adopt green packaging solutions.
Today, a wide variety of polymers derived from petroleum are used for packaging. Because of the ease with which it can become contaminated during recycling or reuse, this substance is not biodegradable and cannot be used again. To counteract the problems associated with conventional plastics, renewable resources were used to create biodegradable plastics. Green packaging is more sustainable since it requires fewer fossil fuels to manufacture and because its contents decompose more quickly. The expansion of the green packaging market will be aided by the release of renewable energy in the form of methane gas from landfilled organic food and garden waste, as well as the use of the compost byproduct to improve soil quality. In addition, businesses have been hesitant to use eco-friendly packaging due to high production and setup costs. Space constraints and the lack of government measures to subsidise recycling, especially in developing countries, are also restraining factors for the market.
Green packaging is made from eco-friendly components such bioplastics, recyclable paper and plastics, biomaterial derived from plants, organic fabrics, and previously owned items. Because of their low environmental impact and ease of use, these items are quickly replacing traditional plastics. These materials are safe to use around food because they prevent spoilage and other problems caused by contamination and the elements. Because of this, there is a growing need for environmentally friendly food packaging. Consumers have been influenced by food technology, which has allowed them to conveniently get comfort foods in the form of convenience foods. Growth in the global green packaging market is anticipated to be aided by the rising popularity of convenience meals, which has been bolstered by advances in transportation and communication technology. The packaging industry as a whole is increasingly concerned with consumer protection and environmental friendliness.
Use of biodegradable additives and compostable materials, as well as recycling problems, are only a few of the environmental concerns raised by current packaging options. The Institute of Scrap Recycling Industries (ISRI) released updated guidelines and official stances on biodegradable packaging additives in 2017. The research emphasised that there has not been extensive testing of biodegradable chemicals, so we do not know the full extent of the threat they pose to the environment and human health. Since there is a lengthy process from collecting to recycling, recycling companies are unable to sell plastic and paper products at profitable rates. Therefore, they must impose additional charges to cover their costs. Philadelphia is among the cities that have started selling recyclables to incinerators that generate electricity by burning trash. Air pollution and carbon emissions are significant downsides to this proposed remedy.
Report Coverage
Global Green Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Green Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Green Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Green Packaging market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bemis Company, Huhtamaki OYJ (Finland), Amcor Limited (Australia), Sealed Air Corporation (US), Tetra Laval International S.A. (Switzerland), Sonoco Products Company (U.S.), WestRock Company (US), Smurfit Kappa Group PLC (U.S.), Mondi Plc. (South Africa) and BASF SE (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Green Packaging Market from 2021 to 2030.
- Market Forecast for Green Packaging Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Green Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Green Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Green Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Green Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bemis Company, Huhtamaki OYJ (Finland), Amcor Limited (Australia), Sealed Air Corporation (US), Tetra Laval International S.A. (Switzerland), Sonoco Products Company (U.S.), WestRock Company (US), Smurfit Kappa Group PLC (U.S.), Mondi Plc. (South Africa) and BASF SE (Germany)
Primary Target Market
- Market Players of Green Packaging
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Green Packaging market based on the below-mentioned segments:
Global Green Packaging Market, By Type
Recycled Content Packaging
Degradable Packaging
Global Green Packaging market, By Application
Food & Beverage
Health Care
Personal Care and Other
Global Green Packaging market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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