The Sustainable, Biodegradable, and Eco-Friendly Packaging Providers Market is expected to grow at a 9.80 % CAGR during the forecast period for 2023-2031.
Eco-friendly packaging includes using sustainable manufacturing solutions and materials such as biodegradable & plant-based to develop the packaging of products. Sustainable packaging can reduce carbon footprints and maintain environmental safety and ecological health in the long run.
Multiple factors such as the increasing focus and surging demand of manufacturers from various industries on easily recycled materials, rising production of recyclable & reusable materials, increasing government initiatives to innovate new packaging technologies, advanced eco-friendly technologies, growing efforts to produce biodegradable products, rising awareness among population regarding environmental conservation are estimated to drive the sustainable, biodegradable, and eco-friendly packaging providers market in the coming future. Industries like personal care & beauty, food & beverage packaging, and pharmaceuticals have shown great interest in green and eco-friendly packaging solutions, as customers are shifting toward sustainable packaging. This interest is likely to boost the market opportunities over the forecast period.
However, several environmental issues related to the packaging solutions and lack of infrastructure facilities available for recycling processes are expected to hinder the market growth over the forecast years.
Market Segmentation
The sustainable, biodegradable, and eco-friendly packaging providers market is segmented into eco-friendly packaging attributes, type of packaging, type of packaging container, end-users, and region. The market is categorized into biodegradable materials, recyclable materials, and reusable materials by eco-friendly packaging attributes. The recyclable materials segment dominated this market in 2020 due to industries’ increasing use of recycled material packaging. The type of packaging segment is divided into primary packaging, secondary packaging, and tertiary packaging. The market is classified into ampoules, bottles, cartridges, syringes, and vials by type of packaging container. The end-users segment comprises biotech, pharmaceutical, research institutes, and others. The pharmaceutical segment leads this market due to the rising demand for biodegradable and eco-friendly pharmaceutical product packaging solutions. Regionally, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America accounted for the highest market share in owing to the increasing R&D investments in developing sustainable & biodegradable product packaging solutions, rising demand for green packaging solutions, and strict environmental & food safety policies in the US and Canada.
Competitive Landscape
Some of The Key Players in The Sustainable, Biodegradable, and Eco-Friendly Packaging Providers Market:
- Amcor
- Berry Global
- DS Smith
- Gerresheimer
- Huhtamaki
- PGP Glass
- SGD Pharma
- Smurfit Kappa
- Bormioli Pharma S.p.A.
- Coveris
- Other Prominent Players
The Sustainable, Biodegradable, and Eco-Friendly Packaging Providers Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 9.80 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Eco-Friendly Packaging Attributes, By Type Of Packaging, By Type Of Packaging Container, By End-Users |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Amcor (Switzerland), Berry Global (US), DS Smith (UK), Gerresheimer, Huhtamaki (Finland), PGP Glass Pvt. Ltd. (India), SGD Pharma (France), Smurfit Kappa (Ireland), and others |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
