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In 2022, the global market for sustainable packaging was estimated to be worth $336.27 billion. During the forecast period (2023-2030), the market for sustainable packaging is expected to expand from USD 371.24 billion in 2023 to USD 737.26 billion in 2030, representing a CAGR of 11.30%. The primary market drivers boosting sustainable packaging market growth are increasing consumer awareness of sustainable packaging, severe limitations on the use of single-use plastics, and rising environmental concerns caused by packaging waste in landfills.
Non-biodegradable polymers in packaging have a multiplied detrimental impact on the environment, hence sustainable packaging is essential for extending the product's shelf life. Sustainable packaging involves the "five R's" (Removal, Reduction, Recycling, Renewal, and Reuse). Sustainable packaging reduces the amount of waste sent to landfills. Therefore, this lays the groundwork for environmentally-conscious, nutritious, and astute packaging practices. Almost every industry uses some form of sustainable packaging, although the food and beverage, fast-moving consumer goods, retail, wholesale, and healthcare sectors have adopted it at far higher rates than others. The advent of this new approach to packaging has opened up vast new avenues for creativity, providing business owners with several prospects to test the waters in previously uncharted areas.
The term "sustainable packaging market" is used to describe the industry that deals in packaging materials and methods that might lessen their environmental impact, usually in place of more hazardous materials like plastic. Renewable or recycled materials, trash reduction, chemical reduction, and energy efficiency gains are only some of the goals of the sustainable packaging sector.
Government rules aiming to reduce plastic waste are also driving growth in the sustainable packaging business. Laws and regulations are being enacted by governments worldwide to force businesses to adopt more environmentally friendly packaging practices and lessen their reliance on single-use plastics. Governments can aid in waste reduction, resource conservation, and environmental and public health protection by advocating for more sustainable packaging practices.
One of the key drivers of this business is the increasing environmental consciousness of consumers. Non-biodegradable plastic has had detrimental effects on environmental health, such as soil pollution, landfills, and a decline in soil fertility. The contemporary social climate is affected by this. The transportation and storage of goods using plastic bags and containers is strictly regulated in most nations. Many countries have outright outlawed the use of plastic bags; these include South Africa, Uganda, Somalia, Rwanda, Botswana, Kenya, and Ethiopia. The growing interest among consumers in organic food packaging that is kind to the environment is also a driving factor.
Hovis is just one of many international companies to market bread sold in packaging made from biodegradable polyethylene. Many companies, like Gillette Razor, Dixie Egg Company, and Wolfgang Puck Coffee, have developed innovative and attractive packaging. This type of packaging is both eco-friendly and eye-catching to potential buyers. Overcapacity is a serious problem in this market. Non-biodegradable plastic bags, due to their low pricing, continue to be the best and most popular packaging material in the world. As a result, packaging firms are unable to meet customer demand while maintaining adequate production levels.
Due to rising consumer awareness of the harmful impacts of using single-use and non-biodegradable plastic goods for food packaging, the market for sustainable food packaging is growing. The environment suffers from the extensive use of single-use, non-biodegradable plastic packaging. In a landfill, plastic can sit for hundreds of years before decomposing. During that period, it will continue to wreak havoc on the ecosystem and put the lives of humans, animals, and plants in peril. Austria and Germany, for instance, are cited as having the highest rates of recycling in the world (52% and 56%, respectively) in a research conducted by the World Economic Forum. Furthermore, certain countries, such as Wales, have stringent requirements for recycling. Wales plans to achieve zero waste by the year 2050, whereas the European Union is considering establishing a target of at least 65% by 2030. It is expected that rising consumer consciousness about the hazards of plastic food packaging will drive the market's compound annual growth rate (CAGR) over the next few years.
The sustainable packaging market has been moderately affected by the COVID-19 epidemic. The lockout made it impossible to continue making eco-friendly packaging materials. After lockdown was lifted, however, the market expanded dramatically. A variety of end-use industries, such as the food and beverage sector, healthcare, the cosmetics and personal care sector, and e-commerce, have all contributed to the expansion of the market for sustainable packaging. Flexible plastics, rigid plastics, and corrugated cardboard are all on the rise. Demand for environmentally friendly packaging materials has remained strong in the food packaging sector as hygiene awareness has grown. Furthermore, rigid packaging saw significant expansion in the e-commerce and grocery delivery sectors. The healthcare industry has seen a rise in the use of environmentally friendly packaging materials like flexible blister foils, pumps, closures, and hard plastics. The business has been boosted by the packaging used for nutritional supplements like vitamins and for necessities like allergy treatment.
Report Coverage
Global Sustainable Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sustainable Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sustainable 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 Sustainable 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 Sustainable Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sustainable 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
SGF Packaging Co., Ltd., Elopak AS, Nampak Ltd., Smurfit Kappa Group PLC, DS Smith plc, Sealed Air Corporation, Emerald Packaging, WestRock Company, BASF SE, Crown Holdings, Inc., Tetra Pak, Ardagh Group S.A., Sonoco Products Company, Mondi plc, Plastipak Holdings, Inc., Ball Corporation, Amcor plc
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sustainable Packaging market based on the below-mentioned segments:
Global Sustainable Packaging Market, By Material Type
Paper and Paperboard
Plastics
Aluminum
Others
Global Sustainable Packaging market, By Packaging Type
Rigid Packaging
Flexible Packaging
Global Sustainable Packaging Market, By End User
Food and Beverage
Personal Care
Healthcare and Pharmaceuticals
Others
Global Sustainable Packaging market, Regional Analysis
Non-biodegradable polymers in packaging have a multiplied detrimental impact on the environment, hence sustainable packaging is essential for extending the product's shelf life. Sustainable packaging involves the "five R's" (Removal, Reduction, Recycling, Renewal, and Reuse). Sustainable packaging reduces the amount of waste sent to landfills. Therefore, this lays the groundwork for environmentally-conscious, nutritious, and astute packaging practices. Almost every industry uses some form of sustainable packaging, although the food and beverage, fast-moving consumer goods, retail, wholesale, and healthcare sectors have adopted it at far higher rates than others. The advent of this new approach to packaging has opened up vast new avenues for creativity, providing business owners with several prospects to test the waters in previously uncharted areas.
The term "sustainable packaging market" is used to describe the industry that deals in packaging materials and methods that might lessen their environmental impact, usually in place of more hazardous materials like plastic. Renewable or recycled materials, trash reduction, chemical reduction, and energy efficiency gains are only some of the goals of the sustainable packaging sector.
Government rules aiming to reduce plastic waste are also driving growth in the sustainable packaging business. Laws and regulations are being enacted by governments worldwide to force businesses to adopt more environmentally friendly packaging practices and lessen their reliance on single-use plastics. Governments can aid in waste reduction, resource conservation, and environmental and public health protection by advocating for more sustainable packaging practices.
One of the key drivers of this business is the increasing environmental consciousness of consumers. Non-biodegradable plastic has had detrimental effects on environmental health, such as soil pollution, landfills, and a decline in soil fertility. The contemporary social climate is affected by this. The transportation and storage of goods using plastic bags and containers is strictly regulated in most nations. Many countries have outright outlawed the use of plastic bags; these include South Africa, Uganda, Somalia, Rwanda, Botswana, Kenya, and Ethiopia. The growing interest among consumers in organic food packaging that is kind to the environment is also a driving factor.
Hovis is just one of many international companies to market bread sold in packaging made from biodegradable polyethylene. Many companies, like Gillette Razor, Dixie Egg Company, and Wolfgang Puck Coffee, have developed innovative and attractive packaging. This type of packaging is both eco-friendly and eye-catching to potential buyers. Overcapacity is a serious problem in this market. Non-biodegradable plastic bags, due to their low pricing, continue to be the best and most popular packaging material in the world. As a result, packaging firms are unable to meet customer demand while maintaining adequate production levels.
Due to rising consumer awareness of the harmful impacts of using single-use and non-biodegradable plastic goods for food packaging, the market for sustainable food packaging is growing. The environment suffers from the extensive use of single-use, non-biodegradable plastic packaging. In a landfill, plastic can sit for hundreds of years before decomposing. During that period, it will continue to wreak havoc on the ecosystem and put the lives of humans, animals, and plants in peril. Austria and Germany, for instance, are cited as having the highest rates of recycling in the world (52% and 56%, respectively) in a research conducted by the World Economic Forum. Furthermore, certain countries, such as Wales, have stringent requirements for recycling. Wales plans to achieve zero waste by the year 2050, whereas the European Union is considering establishing a target of at least 65% by 2030. It is expected that rising consumer consciousness about the hazards of plastic food packaging will drive the market's compound annual growth rate (CAGR) over the next few years.
The sustainable packaging market has been moderately affected by the COVID-19 epidemic. The lockout made it impossible to continue making eco-friendly packaging materials. After lockdown was lifted, however, the market expanded dramatically. A variety of end-use industries, such as the food and beverage sector, healthcare, the cosmetics and personal care sector, and e-commerce, have all contributed to the expansion of the market for sustainable packaging. Flexible plastics, rigid plastics, and corrugated cardboard are all on the rise. Demand for environmentally friendly packaging materials has remained strong in the food packaging sector as hygiene awareness has grown. Furthermore, rigid packaging saw significant expansion in the e-commerce and grocery delivery sectors. The healthcare industry has seen a rise in the use of environmentally friendly packaging materials like flexible blister foils, pumps, closures, and hard plastics. The business has been boosted by the packaging used for nutritional supplements like vitamins and for necessities like allergy treatment.
Report Coverage
Global Sustainable Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sustainable Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sustainable 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 Sustainable 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 | SGF Packaging Co., Ltd., Elopak AS, Nampak Ltd., Smurfit Kappa Group PLC, DS Smith plc, Sealed Air Corporation, Emerald Packaging, WestRock Company, BASF SE, Crown Holdings, Inc., Tetra Pak, Ardagh Group S.A., Sonoco Products Company, Mondi plc, Plastipak Holdings, Inc., Ball Corporation, Amcor plc |
| 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 Sustainable Packaging Market from 2021 to 2030.
- Market Forecast for Sustainable 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, Sustainable Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Sustainable Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sustainable Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sustainable 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
SGF Packaging Co., Ltd., Elopak AS, Nampak Ltd., Smurfit Kappa Group PLC, DS Smith plc, Sealed Air Corporation, Emerald Packaging, WestRock Company, BASF SE, Crown Holdings, Inc., Tetra Pak, Ardagh Group S.A., Sonoco Products Company, Mondi plc, Plastipak Holdings, Inc., Ball Corporation, Amcor plc
Primary Target Market
- Market Players of Sustainable 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 Sustainable Packaging market based on the below-mentioned segments:
Global Sustainable Packaging Market, By Material Type
Paper and Paperboard
Plastics
Aluminum
Others
Global Sustainable Packaging market, By Packaging Type
Rigid Packaging
Flexible Packaging
Global Sustainable Packaging Market, By End User
Food and Beverage
Personal Care
Healthcare and Pharmaceuticals
Others
Global Sustainable 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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