Global Eco-Friendly Packaging Materials Market, By Type (Natural Biopolymers, Synthetic Biopolymers, Polymers Extracted from Microbes, Kraft Paper, Glassine Paper, Shredded Paper, Starch Paper, Mycelium, Others), Applications (Primary Packaging, Secondary Packaging, Tertiary Packaging), End User (Food and Beverages, Electronics, Cosmetic and Personal care, Pharmaceuticals, Home Care, Others) - Industry Trends and Forecast to 2031.
Eco-Friendly Packaging Materials Market Analysis and Size
The essential factors contributing to the growth of the global eco-friendly packaging materials market in the forecast period include increasing demand from the food and beverage industry, growth in industrial applications, technological advancements improving production efficiency, consumer preference for clean label and natural ingredients, and rising health consciousness is leading to the adoption of healthier food options, hence driving the market growth.
Data Bridge Market Research analyses that the global eco-friendly packaging materials market which was USD 17.30 billion in 2023, is expected to reach USD 31.08 billion by 2031, growing at a CAGR of 7.6% during the forecast period of 2024 to 2031. 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Natural Biopolymers, Synthetic Biopolymers, Polymers Extracted from Microbes, Kraft Paper (Glassine Paper, Shredded Paper, Starch Paper, Mycelium, Others), Applications (Primary Packaging, Secondary Packaging, Tertiary Packaging), End User (Food and Beverages, Electronics, Cosmetic and Personal care, Pharmaceuticals, Home Care, 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, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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BASF SE (Germany), Mondi Group (Austria), Braskem (Brail), NatureWorks LLC (U.S.), DuPont (U.S.), Novamont S.p.A. (Italy), Arkema (France), TotalEnergies Corbion (Netherlands), FKuR (Germany), Sukano AG (Switzerland), BioApply (U.S.)
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Market Opportunities
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Market Definition
The eco-friendly packaging materials encompasses a wide range of environmentally sustainable materials utilized across the packaging industry worldwide. This sector prioritizes materials that minimize environmental impact throughout their entire lifecycle, from sourcing to disposal or recycling.
Eco-Friendly Packaging Materials Market Dynamics
Drivers
- Increasing Environmental Awareness
Increasing awareness among both consumers and businesses regarding the environmental consequences of packaging materials is leading to a surge in the desire for eco-friendly options. Heightened concerns surrounding pollution, climate change, and sustainability are motivating individuals and corporations alike to pursue packaging alternatives with reduced ecological impacts. Globally, governments are enacting regulations and policies targeted at curbing plastic pollution, fostering recycling initiatives, and advocating for the adoption of sustainable packaging materials. Adherence to these regulations is compelling businesses to integrate eco-friendly packaging solutions into their operations to adhere to legal mandates and mitigate the risk of facing penalties.
- Corporate Sustainability Initiatives
Numerous enterprises are embracing corporate sustainability objectives and programs to diminish their environmental impact and bolster their brand reputation. Transitioning to eco-friendly packaging materials constitutes a pivotal aspect of these sustainability endeavours, showcasing a dedication to environmental preservation and ethical business conduct. Enterprises encounter mounting scrutiny from various stakeholders such as investors, clientele, and supply chain collaborators, urging them to integrate sustainable practices across their operations, encompassing packaging. In response to these expectations, companies are integrating eco-friendly packaging alternatives into their supply chains to uphold competitiveness and foster trust among stakeholders.
Opportunities
- Expansion into Emerging Markets
Rapid industrialization and urbanization in emerging markets are driving heightened consumption and a surge in demand for packaged products. This presents a chance for companies to broaden their market reach in these regions by providing eco-friendly packaging solutions customized to local requirements and preferences. By informing consumers and businesses about the advantages of eco-friendly packaging materials, there is potential to spur demand and propel market expansion. Companies can seize opportunities to invest in promotional efforts such as marketing campaigns, labelling strategies, and educational programs aimed at raising awareness about the environmental benefits associated with opting for sustainable packaging alternatives.
- Collaboration and Partnership
Collaborations can foster the exchange of knowledge, pooling of resources, and cooperative endeavours to tackle shared obstacles and capitalize on collective opportunities within the market.
Restraint/Challenges
- High Initial Costs
The Eco-friendly packaging materials often come with higher initial costs compared to traditional options, presenting a significant barrier for businesses, particularly small and medium-sized enterprises (SMEs) operating within tight budgets and limited resources. Ensuring the cost competitiveness of eco-friendly packaging materials remains a major challenge, as higher production costs, limited economies of scale, and fluctuating raw material prices can make it difficult for these options to compete on price, especially in markets where cost sensitivity is high.
- Limited Infrastructure and Recycling Facilities
Establishing and sustaining the essential infrastructure for gathering, processing, and recycling eco-friendly packaging materials can pose challenges, particularly in areas with limited recycling capacities. Inadequate infrastructure may impede the adoption of eco-friendly packaging materials, resulting in heightened waste generation and environmental consequences.
This 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 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 2024, The UK government plans to introduce the Extended Producer Responsibility (EPR), which aims to have businesses that produce consumer packaging responsible for waste disposal costs
- In 2023, Mondi Group introduced Eco Barrier nature launched innovative new paper based barrier packaging solution for food offers strong moisture and grease resistance
Eco-Friendly Packaging Materials Market Scope
The market is segmented on the basis of type, purity, application and end user. The growth amongst these segments will help you analyse 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
- Natural Biopolymers
- Synthetic Biopolymers
- Polymers Extracted from Microbes
- Kraft Paper
- Glassine Paper
- Shredded Paper
- Starch Paper
- Mycelium
- Others
Application
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
End User
- Food and Beverages
- Electronics
- Cosmetic and Personal care
- Pharmaceuticals
- Home Care
- Others
Eco-Friendly Packaging Materials Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by of type, purity, application and end user as referenced above.
The countries covered in the 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, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
In North America, the U.S. is dominating the global eco-friendly packaging materials market has vast manufacturing companies that commercializing the production of biodegradable packaging.
Asia-Pacific region exhibits the highest CAGR in the global eco-friendly packaging materials market. This growth is attributed to increasing consumer awareness of economic growth, industrial development, and investment in key sectors impact the demand.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as 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 Materials Market Share Analysis
The 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 market.
Some of the major players operating in the market are:
- BASF SE (Germany)
- Mondi Group (Austria)
- Braskem (Brail)
- NatureWorks LLC (U.S.)
- DuPont (U.S.)
- Novamont S.p.A. (Italy)
- Arkema (France)
- TotalEnergies Corbion (Netherlands)
- FKuR (Germany)
- Sukano AG (Switzerland)
- BioApply (U.S.)
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