Sustainable Packaging Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Amcor Limited (NYSE: AMCR), Mondi PLC (LON: MNDI), WestRock Compan (NYSE: WRK), BASF SE (ETR: BAS)

Registering a CAGR of 7.5% over the forecast period, the market value of Sustainable Packaging is expected to reach US$ 630.70 billion in the year 2027.

Sustainable Packaging Market Overview

The development and use of packaging that results in improved sustainability are referred to as sustainable packaging. This entails greater use of life cycle inventory and life cycle assessment to help guide packaging, thereby lowering environmental impact and ecological footprint. Packaging that is sustainable uses less energy and has fewer negative environmental effects. Green packing solutions, as opposed to products like plastic and Styrofoam, use biodegradable and recyclable materials. Green packaging also reduces power consumption and the number of greenhouse gases emitted.

Growing consumer awareness of sustainable packaging, as well as strict bans on the use of single-use plastics, are expected to drive industry growth. The industry is expected to grow steadily due to the expanding food and beverage industry, which is increasingly using packaging made from biodegradable and recyclable materials. Single-use plastic straws, lids, closures, caps, cups, and food trays are being replaced by products made of paper or compostable alternatives in the food service industry. Product demand in the foodservice industry will continue to rise as consumer preferences shift toward convenience and packaged foods.

The report aspects discussed the profile of the top manufacturers of the global Sustainable Packaging market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Sustainable Packaging Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Sustainable Packaging Market?

Global Sustainable Packaging includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Amcor Limited (NYSE: AMCR), TetraPak International SA, Mondi PLC (LON: MNDI), WestRock Compan (NYSE: WRK), BASF SE (ETR: BAS), Sonoco Products Company (NYSE: SON), Smurfit Kappa Group PLC (LON: SKG), Sealed Air Corporation (NYSE: SEE), Huhtamaki OYJ (HEL: HUH1V) and others.

Industry News and Updates:

• June 2021, In South America, Amcor introduced an eco-friendly chocolate pack. The recyclable plastic packaging for powdered chocolate was designed and manufactured by the company. The packaging reduced its carbon footprint by 53% compared to previous packaging.


• April 2021, Amcor created a ground-breaking packaging solution for healthcare packaging. The latest addition to the recyclable healthcare packaging product portfolio is the new AmSky blister system.


• April 2021, Amcor collaborated with Nestle to create sustainable packaging solutions. Amcor has used R&D resources to assist Nestle in making the brand transition to sustainable paper packaging in Australia.


• September 2021: Heinz collaborated with WestRock to replace shrink-wrapped multipacks of Heinz Beanz, Heinz soups, and Heinz pasta varieties on supermarket shelves with WestRock-developed recyclable paperboard. The Heinz Eco-Friendly Sleeve is recyclable and made from forests that are sustainably managed. The innovative wrap design eliminates the use of glue and uses 50% less material than a fully enclosed wraparound box and 10% less than a traditional paperboard sleeve design.

What are the major Applications, Types, and Regions for the Sustainable Packaging Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Reusable Packaging


• Degradable Packaging


• Recycled Packaging

By Application, it is segmented into

• Pharmaceutical and Healthcare


• Cosmetics and Personal Care


• Food and Beverage


• Other End-Users

Sustainable Packaging Market Regional Analysis

Europe dominates the global market for sustainable packaging. Major industry players in the region are constantly developing new sustainable packaging that has a positive impact on the supply chain's environmental footprint.

Furthermore, increased demand for green packaging solutions for fresh vegetables and fruits, as well as self-indulgent and convenient goods promoted through online media, are major sustainable packaging market trends. The widespread adoption of green packaging solutions increases the region's market share for sustainable packaging.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Sustainable Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Sustainable Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Sustainable Packaging Market report scope?

Scope of the Report covers Sustainable Packaging Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Sustainable Packaging Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Sustainable Packaging Report

• Evaluate Sustainable Packaging market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Sustainable Packaging market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Sustainable Packaging Market is studied from 2017 - 2027.

What is the growth rate of the Sustainable Packaging Market?

The Sustainable Packaging Market is growing at a CAGR of 7.5% over the next 5 years.

Who are the key players in Sustainable Packaging Market?

Amcor Limited, TetraPak International SA, Mondi PLC, WestRock Compan, BASF SE, Sonoco Products Company, Smurfit Kappa Group PLC, Sealed Air Corporation, Huhtamaki OYJ

What regions does this Sustainable Packaging Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Sustainable Packaging Market?

Reusable Packaging, Degradable Packaging, Recycled Packaging

What are the major end-use applications of Sustainable Packaging Market?

Pharmaceutical and Healthcare, Cosmetics and Personal Care, Food and Beverage, Other End-Users

 

All our reports are custom-made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.