What is the Size of Sustainable Packaging Market ?
The Global Sustainable Packaging market size reached USD 281.42 Bn in 2022 and is expected to reach USD 406.66 Bn by 2029, growing at a CAGR of 5.4 % during the forecast period.
Given that over 50% of the world's population resides in metropolitan areas, where waste generation rates are more likely to be higher, there are more chances for eco-sustainable packaging than ever before throughout the projection period. Due to a long history of recycling and a thriving technological industry, packaging companies are gravitating towards sustainable packaging solutions. Due to increased awareness of maintaining the planet's ecological balance among end users and worldwide political authorities, the term "sustainable packaging market" has acquired significant traction.
Sustainable Packaging Market Overview
The report presents the latest revenue figures and market trends in the Sustainable Packaging Market. It provides an overview of the Sustainable Packaging Market, including its definition and market structure, along with proactive and pre-planned management strategies. The report focuses on key aspects such as gross margin, cost, market share, capacity utilization, and supply, which impact the Sustainable Packaging Market. Moreover, it assists in understanding the future potential of the Sustainable Packaging Market in the coming years. The report offers a market overview covering essential topics, accompanied by tailored data to meet specific requirements. This overview aids in making informed decisions on market approaches and gaining a comprehensive understanding of the industry context.
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Sustainable Packaging Market Segmentation
Global Sustainable Packaging Market by Material Type
1. Paper and Paperboard
2. Plastics
1. Biodegradable
2. Bio-based
3. Aluminum
4.Others
Based on Material Type, the category for paper and paperboard had the highest revenue share in 2022 at 21.2%. Positive trend that indicates rising understanding of the need for sustainable packaging solutions is the high demand for sustainable paper and paperboard materials for the import and export of packaging products. It is a start in the right direction towards a more sustainable future, and it will likely increase over time. The Amazon corporation has pledged to utilise paper and paperboard as sustainable packing materials for its shipments. The business has implemented a number of environmentally friendly packaging measures, such as employing corrugated boxes with a high level of recycled content and switching to paper-based cushioning products in place of plastic ones.
Global Sustainable Packaging Market by Packaging Type
1. Rigid Packaging
2. Flexible Packaging
According to Packaging Type, the segment for rigid packaging held a sizable market share of about 18.2% in 2022 and is anticipated to keep doing so over the projected period. Many businesses make rigid packaging goods with sustainable materials.
Coca-Cola has pledged to make all of its packaging completely recyclable by 2025 and has put into place a number of sustainable packaging initiatives, such as the use of recycled materials and plant-based polymers. For its Dasani water brand, the business has introduced a sustainable plastic container produced from 100% recycled PET plastic. For rigid packaging applications, this is anticipated to spur market growth for sustainable packaging.
Global Sustainable Packaging Market by End User
1. Pharmaceutical and Healthcare
2. Cosmetics and Personal Care
3. Food and Beverage
4. Other End Users
According to End Users, the food and beverage category held a sizable market share of over 56.3% in 2022 and is anticipated to increase over the course of the projected period. Numerous businesses use recycled plastics in their packaging, either by adding recycled materials to their current packaging or by developing brand-new packaging options made completely of recycled materials. The food and beverage industry is also gaining popularity for reusable packaging. Reusable packaging options, such as refillable containers or packaging that can be sent back to the manufacturer for reuse, are being investigated by several businesses.
Sustainable Packaging Market Scope
The Global Sustainable Packaging Market report offers comprehensive statistical and analytical insights to provide a complete understanding of market size, share, growth, trends, demand, key players, industry summary, opportunities, value cycle, end-users, technology, types, and applications. Furthermore, the report incorporates analysis of available opportunities in micro markets for stakeholders to invest, along with a detailed examination of the competitive landscape and product offerings of major players.
The qualitative and quantitative data presented in the Sustainable Packaging market study assist decision-makers in understanding which market segments and regions are expected to experience higher growth rates, the factors influencing the market, and key areas of opportunity. Additionally, the report includes the competitive landscape of key players in the industry, along with emerging trends in the Sustainable Packaging market.
Sustainable Packaging Market Leading Key Players -
1. Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
Sustainable Packaging Market Regional Analysis
The Sustainable Packaging market report provides comprehensive insights and understanding of the current trends, dynamics, and key issues within the market. It highlights the most significant developments that impact the industry, helping readers stay informed about the latest advancements. The report aids in identifying the crucial information presented and assessing the competitive landscape of major companies, analyzing Sustainable Packaging market dynamics, and other factors that assist in formulating effective marketing strategies.
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Table of Contents: Sustainable Packaging Market
1. Sustainable Packaging Market: Research Methodology
2. Sustainable Packaging Market: Executive Summary
3. Sustainable Packaging Market: Competitive Landscape
3.1. MMR Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.4. Market Structure
3.4.1. Market Leaders
3.4.2. Market Followers
3.4.3. Emerging Players
3.5. Consolidation of the Market
4. Sustainable Packaging Market: Dynamics
4.1. Market Trends by region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Market Drivers by Region
4.2.1. North America
4.2.2. Europe
4.2.3. Asia Pacific
4.2.4. Middle East and Africa
4.2.5. South America
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.7. PESTLE Analysis
4.8. Value Chain Analysis
4.9. Regulatory Landscape by Region
4.9.1. North America
4.9.2. Europe
4.9.3. Asia Pacific
4.9.4. Middle East and Africa
4.9.5. South America
Key Questions answered in the Sustainable Packaging Market Report are:
- What are the opportunities for the Sustainable Packaging Market?
- What factors are affecting the Sustainable Packaging market growth?
- Who are the key players of the Sustainable Packaging market?
- Which company held the largest share in the Sustainable Packaging market?
- What will be the CAGR of the Sustainable Packaging market during the forecast period?
- What key trends are likely to emerge in the Sustainable Packaging market in the coming years?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Sustainable Packaging
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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