Global Sustainable Films for Packaging Market

Report ID : 1400 | Published : 2022-11-23 | Pages: 160 | Format: PDF/EXCEL

The market size of the global Sustainable Films for Packaging market in the year 2021 is valued at 147.85 billion and is predicted to reach 278.41 billion by the year 2030 at 7.54% CAGR during the forecast period of 2022-30. The development and use of sustainable packaging films improve sustainability. This involves a wider use of life cycle inventory (LCI) and life cycle assessment (LCA) to guide package use, hence decreasing environmental impact and ecological footprint. Sustainable packaging films are likely to be the greatest option for reducing plastic waste. The market for sustainable packaging films is expected to grow rapidly in the next years due to the growing emphasis on the circular economy and the government's toughening policies to prohibit single-use plastics. Sustainable packaging is being adopted by various end-use businesses, including food and beverage, pharmaceutical, consumer electronics, personal care, and consumer goods. The food and beverage industry produces significant amounts of plastic waste and is the world's largest consumer of single-use plastic packaging. As a result, the food and beverage industry's role is to lead the trend toward sustainability, thereby boosting the market growth.

Furthermore, a growing emphasis on the circular economy and increased consumer and end-user awareness of its environmental benefits are expected to boost the growth of the sustainable film market for packaging. Moreover, The COVID-19 epidemic will disrupt supply chains, slowing the market's growth rate. The market's development rate will be hindered further by volatility in raw material costs and the high cost of sustainable films for packaging solutions. However, the lack of recycling technology and the high cost of raw materials are two main market limitations.

Market Segmentation:

The Sustainable Films for Packaging market is segmented into Applications and Products. Based on Applications, the market is segmented into Food and Beverage, Pharmaceutical, Consumer Goods, Personal Care and Consumer Electronics. Based on the Products, the Sustainable Films for Packaging are segmented into Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), Others (PLA and Cellulose).

Based on applications, the food and beverages segment is accounted as a major contributor to the Sustainable Films for Packaging market

The food and beverage category dominated the market over the forecast period. Rapid industrialization and urbanization have resulted in the rise of new food outlets where hygienic and sustainable films for packaging are required for food service. This factor has fueled the demand for sustainable films for packaging in the food industry. Non-biodegradable materials are harmful to one's health. As a result, using such materials for packaging has been restricted in the food and beverage industry to decrease the negative impact on individual health. Furthermore, increased environmental consciousness and conservation have produced a favorable climate for sustainable films for the packaging market.

The other (PLA and cellulose) segment witnessed growth at a rapid rate

The other (PLA and cellulose) category dominated the market. Because of their ease of disposal, degradability, and recyclability, polylactic acid (PLA) and cellulose are increasingly used as raw materials for food and beverage packaging goods. As a result, companies are adopting green packaging labels as a branding and client acquisition strategy, increasing demand for biodegradable films in food packaging and compostable bag applications.

The European Sustainable Films for Packaging market holds a significant revenue share in the region.

The European Sustainable Films for Packaging market is expected to register the highest market share in revenue in the near future, primarily because processed meats, sausages, fruits, and vegetables are increasingly packaged in sustainable materials. For those involved in the market, this has created many business prospects. Due to rising government activities in Europe for biodegradable packaging and environmentally friendly products, the need for sustainable packaging will rise throughout the projection period. In addition, Asia Pacific is projected to grow rapidly in the global Sustainable Films for the Packaging market. Government organizations in the APAC region are promoting the use of bioplastics for packaging in response to growing concerns about packaging waste. An ever-growing population base, rising raw material availability, expanding food processing operations, and rising individual disposable income are important elements impacting the market expansion.

Competitive Landscape

Some major key players in the Sustainable Films for Packaging market are Amcor plc, Rani Group, Innovia Films, Mondi, Berry Global Inc., UFlex Limited, TORAY ADVANCED FILM CO., LTD., Pregis LLC, Constantia Flexibles, Sealed Air, Transcontinental Inc., ProAmpac, DUNMORE, Bleher, Folientechnik GmbH, ePac Holdings, LLC. and Cosmo Films

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Sustainable Films for Packaging Market Snapshot

Chapter 4. Global Sustainable Films for Packaging Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Product Type Estimates & Trend Analysis

5.1. By Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Polypropylene (PP)

5.2.2. Polyethylene (PE)

5.2.3. Polyethylene Terephthalate (PET)

5.2.4. Others

5.2.4.1. Polylactic Acid (PLA)

5.2.4.2. Cellulose

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis

6.1. By Application & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn) Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

6.2.1. Food and Beverage

6.2.2. Pharmaceutical

6.2.3. Consumer Goods

6.2.4. Personal Care

6.2.5. Consumer Electronics

Chapter 7. Sustainable Films for Packaging Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Sustainable Films for Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

7.1.2. North America Sustainable Films for Packaging Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2030

7.1.3. North America Sustainable Films for Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

7.2. Europe

7.2.1. Europe Sustainable Films for Packaging Market revenue (US$ Million) by Product Type, 2019-2030

7.2.2. Europe Sustainable Films for Packaging Market revenue (US$ Million) by Application, 2019-2030

7.2.3. Europe Sustainable Films for Packaging Market revenue (US$ Million) by country, 2019-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Sustainable Films for Packaging Market revenue (US$ Million) by Product Type, 2019-2030

7.3.2. Asia Pacific Sustainable Films for Packaging Market revenue (US$ Million) by Application, 2019-2030

7.3.3. Asia Pacific Sustainable Films for Packaging Market revenue (US$ Million) by country, 2019-2030

7.4. Latin America

7.4.1. Latin America Sustainable Films for Packaging Market revenue (US$ Million) by Product Type, 2019-2030

7.4.2. Latin America Sustainable Films for Packaging Market revenue (US$ Million) by Application, 2019-2030

7.4.3. Latin America Sustainable Films for Packaging Market revenue (US$ Million) by country, 2019-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Sustainable Films for Packaging Market revenue (US$ Million) by Product Type, 2019-2030

7.5.2. Middle East & Africa Sustainable Films for Packaging Market revenue (US$ Million) by Application, 2019-2030

7.5.3. Middle East & Africa Sustainable Films for Packaging Market revenue (US$ Million) by country, 2019-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Amcor plc

8.2.2. Rani Group

8.2.3. Innovia Films

8.2.4. Mondi

8.2.5. Berry Global Inc.

8.2.6. UFlex Limited,

8.2.7. TORAY ADVANCED FILM CO., LTD.

8.2.8. Pregis LLC

8.2.9. Constantia Flexibles

8.2.10. Sealed Air

8.2.11. Transcontinental Inc.,

8.2.12. ProAmpac

8.2.13. DUNMORE,

8.2.14. Bleher

8.2.15. Folientechnik GmbH

8.2.16. ePac Holdings, LLC.

8.2.17. Cosmo Films

8.2.18. Other Prominent Players

By Applications-

  • Food and Beverage
  • Pharmaceutical
  • Consumer Goods
  • Personal Care
  • Consumer Electronics

By Products-

  • Polypropylene (PP)
  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Others
    • Polylactic Acid (PLA)
    • Cellulose

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

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

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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