Global Eco- Friendly Packaging Market, By Type (Recyclable, Reusable, and Degradable), Material Type (Paper and Paper Board, Plastic, Metal, Glass, Starch-Based Materials, and Others), Product Type (Bags, Pouches and Sachets, Boxes, Containers, Films, Trays, Tubes, Bottles and Jars, Cans, and Others), Technique (Active Packaging, Molded Packaging, Alternate Fiber Packaging, and Others), Layer (Primary Packaging, Secondary Packaging, and Tertiary Packaging), Application (Food, Beverages, Pharmaceutical, Personal Care, Home Care, and Others) – Industry Trends and Forecast to 2030.
Eco-Friendly Packaging Market Analysis and Size
Packaging is an important part of almost every product and every industry. Hence, using eco-friendly packaging is a perfect option to reduce the depletion and exploitation of natural resources that will ensure an ecological environment. It is one of the primary aspects for achieving the goal of global ecological development, and many businesses are progressively opting for ecological business development models to create a positive brand image. Also, with the increasing importance of eco-friendly materials, several end-users extensively use eco-friendly packagings such as healthcare, chemicals, food & beverages, and personal care sectors. This is likely to enhance the market growth.
Data Bridge Market Research analyses that the eco-friendly packaging market is expected to reach USD 269,463.14 million by 2030, which was USD 182,383.25 million in 2022, registering a CAGR of 5.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Eco-Friendly Packaging Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Recyclable, Reusable, and Degradable), Material Type (Paper and Paper Board, Plastic, Metal, Glass, Starch-Based Materials, and Others), Product Type (Bags, Pouches and Sachets, Boxes, Containers, Films, Trays, Tubes, Bottles and Jars, Cans, and Others), Technique (Active Packaging, Molded Packaging, Alternate Fiber Packaging, and Others), Layer (Primary Packaging, Secondary Packaging, and Tertiary Packaging), Application (Food, Beverages, Pharmaceutical, Personal Care, Home Care, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Mondi (U.K.), Segezha group (Russia), Klabin SA (Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper construction (Japan), Nordic Paper (Sweden), Glatfelter (U.S.), Gascogne Papier (Austria), Glatfelter Corporation (U.S.), Tokushu Tokai Paper Co., Ltd. (Japan), Goodwin Robbins Packaging Company Inc.(U.S.), Oji Holdings Corporation (Japan), CTI Paper USA (U.S.), Canfor (Canada), Genus Paper and Boards Limited (India), Georgia-Pacific (U.S.) Canadian Paper packaging Ltd. (Canada), Fujian Qingshan Paper Co., Ltd.(China), Smurfit Kappa (U.S.), WestRock Company (Ireland), SCG PACKAGING (Thailand), International Paper (U.S.)
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Market Opportunities
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Market Definition
Eco-friendly packaging is a packaging solution in which a product is packaged using environmentally safe materials and can be easily degradable. The materials must be contained to prevent contamination or tampering from chemical, physical or biological sources. Such packaging is largely prepared from renewable raw materials with less environmental impact during operation, development, and after use.
Eco-Friendly Packaging Market Dynamics
Drivers
- Increasing awareness about the consumer about drawbacks of plastic products
The rising consumer awareness regarding the disadvantages of using non-degradable and single-use plastic products for food packaging is expected to drive market growth during the forecast period. Widespread usage of non-degradable and single-use plastic packaging products affects the environment harmfully. Plastic takes approximately hundreds of years to decay in a landfill and causes several harms to the environment and eventually harming the life of animals, plants, and humans. Therefore, growing awareness about the hazards of using plastic products for food packaging among consumers is expected to propel the market's growth during the forecast period.
- Rising demand for biodegradable packaging from the food and beverages industry
The growing demand for biodegradable packaging from the food and beverages industry is expected to grow the market. Food and beverage manufacturers are progressively adopting reusable and recycled packaging materials to reduce packaging waste in compliance with government regulations. Food and beverage manufacturers' rising shift toward green and eco-friendly packaging helps generate a positive brand image for consumers. This is also boosting the market growth.
Opportunities
- Surging technological advancement by major market players to reduce environmental impact
Technological advancement is a major factor in the growth of the eco-friendly packaging market. Major market players have focused their efforts on generating innovative technologies for shifting to environmentally friendly packaging solutions for food packaging to reduce environmental impact. For example, Huhtamäki Oyj launched an innovative and recyclable ice cream packaging solution in 2022 based on paper-based technology. This packaging solution is constructed of 95 percent renewable bio-based material. This innovation helps to reduce packaging waste and environmental pollution.
- Governments' initiatives for subsidies for eco-friendly packaging manufacturers
As governments all around the globe are aware of threats associated with environmental issues, several policies have been implemented to encourage eco-friendly packaging manufacturers. Favorable government policies allowing subsidies to packaging manufacturers, particularly in developed nations, create lucrative opportunities for market players to increase their production volume. Under the pressure of these government initiatives, major players have started investing in expanding numerous recycling programs for waste packaging materials released from various commercial units and industries.
Restraints/ Challenges
- Presence of cost-effective alternative packaging solutions
The high presence of low-cost alternative solutions to eco-friendly packagings, such as paper tape, paper bubble wrap, and corn starch packaging, is expected to act as a major restraining factor for the growth of the eco-friendly packaging market.
- High cost associated with eco-friendly packaging
The high cost of eco-friendly packaging is another major factor limiting the market growth during the forecast period. This is mainly attributed to the high cost of recycling processing of packaging materials and fluctuation in the price of raw materials poses. These factors are also the major challenging factor for the growth of the market in the coming years.
This eco-friendly packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the eco-friendly packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2021, ProAmpac, a US-based company engaged in offering creative and sustainable packaging products, acquired Ultimate Packaging Ltd., a UK-based company involved in offering creative solutions, for an undisclosed amount. Through this acquisition, ProAmpac widens its sustainable product portfolio, expands its reach across the U.K., and improves its position in creative food packaging. The company gives its support all over the supply chain with numerous innovative eco-friendly packaging products.
- In 2021, Huhtamaki announced its partnership with RiverRecycle and VTT to create technology to deal with floating river waste. This river waste collector technology is now operational on the Mithi River in India. This will help the company to strengthen its presence in the Asia-Pacific region, mainly in India
Global Eco-Friendly Packaging Market Scope
The eco-friendly packaging market is segmented on the basis of type, material type, product type, technique, layer, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Recyclable
- Reusable
- Degradable
Material Type
- Paper and Paper Board
- Plastic
- Metal
- Glass
- Starch-Based Materials
- Others
Product Type
- Bags
- Pouches and Sachets
- Boxes
- Containers
- Films
- Trays
- Tubes
- Bottles and Jars
- Cans
- Others
Technique
- Active Packaging
- Molded Packaging
- Alternate Fiber Packaging
- Others
Layer
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Application
- Food and Beverages
- Pharmaceutical
- Personal Care
- Home Care
- Others
Eco-Friendly Packaging Market Regional Analysis/Insights
The eco-friendly packaging market is analysed and market size insights and trends are provided by country, type, material type, product type, technique, layer, and application as referenced above.
The countries covered in the eco-friendly packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Asia-Pacific is expected to dominate the eco-friendly packaging market due to the growth and expansion of the eco-friendly packaging industry in this region. Moreover, increasing consumers' preference for green packaging and high demand for fast-moving consumer goods will further boost this region's growth.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the wide degree of expansion in the customer base in this region. Furthermore, increasing the usage of eco-friendly packaging in the food industry will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Eco-Friendly Packaging Market Share Analysis
The eco-friendly packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to eco-friendly packaging market.
Some of the major players operating in the eco-friendly packaging market are:
- Mondi (U.K.)
- Segezha group (Russia)
- Klabin SA (Brazil)
- Billerudkorsnas (Sweden)
- Stora Enso (Finland)
- Daio Paper construction (Japan)
- Nordic Paper (Sweden)
- Glatfelter (U.S.)
- Gascogne Papier (Austria)
- Glatfelter Corporation (U.S.)
- Tokushu Tokai Paper Co., Ltd. (Japan)
- Goodwin Robbins Packaging Company Inc. (U.S.)
- Oji Holdings Corporation (Japan)
- CTI Paper USA (U.S.)
- Canfor (Canada)
- Genus Paper and Boards Limited (India)
- Georgia-Pacific (U.S.)
- Canadian Paper packaging Ltd.(Canada)
- Fujian Qingshan Paper Co., Ltd. (China)
- Smurfit Kappa(US)
- WestRock Company (Ireland)
- SCG PACKAGING (Thailand)
- International Paper (U.S.)
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