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Sustainable Packaging Market

Sustainable Packaging Market Size, Share & Trends Analysis Report By Material (Paper & Paperboard, Plastic, Metal, Glass), Process (Recycled, Reusable, Degradable), Function (Active, Molded Pulp, Alternate Fiber), Application (Food & Beverage, Healthcare, Others) & Layer, By Region, And Segment Forecasts, 2023-2031

Report ID : 1699 | Published : 2023-04-05 | Pages: 180 | Format: PDF/EXCEL

The Global Sustainable Packaging Market Size is valued at 340.61 billion in 2022 and is predicted to reach 656.11 billion by the year 2031 at a 7.73% CAGR during the forecast period for 2023-2031.

Sustainable packaging is the production and usage of packaging that improves sustainability. It makes greater use of life cycle assessments and inventories to inform packaging decisions and reduce environmental impact. Growing consumer awareness of sustainable packaging and strict bans on the use of single-use plastics are expected to drive industry growth.

Sustainable Packaging Market

The business is expected to increase steadily due to the expanding food and beverage industry, which increasingly uses 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 food service industry will continue to rise as consumer preferences shift towards convenience and packaged foods.

However, the healthcare packaging market has experienced huge hurdles surrounding sustainable packaging, which increased post-COVID-19. This is due to the numerous constraint’s businesses experience during packaging product manufacturing. 

Recent Developments:

  • In July 2021, Mondi and converter FioriniInternational cooperated to create a novel paper packaging alternative for Antico PastificioUmbro, an Italian luxury pasta product maker. When applied to all pasta products, the new 100% recyclable packaging could reduce the amount of plastic used by up to 20 tonnes per year. 

Competitive Landscape:

Some of the sustainable packaging market players are:

  • Amcor Limited
  • Ardagh Group S.A.
  • Ball Corporation
  • BASF SE
  • Bemis Company, Inc.
  • Crown Holdings Incorporated
  • DS Smith PLC
  • Elopak AS
  • Emerald Packaging
  • Huhtamaki OYJ
  • Mondi Group
  • Nampak Ltd
  • PlastiPak Holdings Inc
  • Sealed Air Corporation
  • Sgf packaging Co. Ltd
  • Smurfit Kappa Group Plc.
  • Sonoco Products Company
  • Tetra Pak International S.A.
  • Westrock Company

Market Segmentation:

The sustainable packaging market is segmented on material, function, process, layer, application, and region. Based on material, the market is segmented into paper & paperboard, plastic, metal, and glass. The function segment includes active packaging, molded pulp packaging, and alternate fiber packaging. By process, the market is segmented into recycled content packaging, reusable packaging, and degradable packaging. The layer segment includes primary, secondary, and tertiary. By application, the market is categorized into food & beverage packaging, healthcare packaging, personal care packaging, and others (electronic appliances and home care packaging).

Based On Process, The Reusable Packaging Segment Is A Major Contributor To The Sustainable Packaging Market

The reusable packaging category will hold a considerable share of the global sustainable packaging market in 2021. Plastics are also incredibly cost-effective, which has made them a popular material choice, particularly in emerging economies where product pricing is a significant consideration. Due to the increasing popularity of flexible pouches in many end-use sectors, the plastics segment is predicted to rise rapidly throughout the forecast period.

The Food & Beverage Packaging Segment Has Witnessed Growth At A Rapid Rate

The food & beverage packaging segment is projected to grow rapidly in the global sustainable packaging market. Several restaurants, quick food chains, packaged food firms, and informal dining venues are embracing molded pulp and compostable packaging, which is expected to drive the food and beverages industry. Plastic pouches and bags are expected to remain a popular form of packaging during the forecast period due to their ability to retain the freshness of food goods and extend product shelf life.

In The Region, Europe Sustainable Packaging Market Holds A Significant Revenue Share

Europe's sustainable packaging market is expected to register the highest market share in revenue in the near future. This can be attributed to the strict laws set by the European Union and other European countries concerning single-use plastics. The European Directive created the concept of a circular economy, along with sustainability principles and goals.

Companies in Europe have begun to follow the circular economy roadmap by embracing recyclable, recycled, and biodegradable products. Asia Pacific placed second in terms of value, as the area sees an increase in government legislation and programs encouraging firms to use green packaging. China, the world's giant industrial powerhouse, is modifying its packaging habits and materials to be more environmentally friendly. Because of the massive number of products exported out of China, this decision will have a significant impact on regional market growth.

Sustainable Packaging Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 340.61 Bn

Revenue forecast in 2031

USD 656.11 Bn

Growth rate CAGR

CAGR of 7.73 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (Tons), 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 statistics, growth prospects, and trends

Segments covered

Packaging Type, Printing Technology, Embellishing Type, And Application

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; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Amcor Limited, Bemis Company, Inc., Tetra Laval International S.A., Mondi Plc., Westrock Company, BASF SE, Sonoco Products Company, Smurfit Kappa Group Plc., Sealed Air Corporation, and Huhtamaki OYJ.

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.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Sustainable Packaging Market Snapshot

Chapter 4. Global Sustainable 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 Material Estimates & Trend Analysis
5.1. by Material & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Material:

5.2.1. Paper & Paperboard
5.2.2. Plastic
5.2.3. Metal
5.2.4. Glass

Chapter 6. Market Segmentation 2: by Function Estimates & Trend Analysis
6.1. by Function & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Function:

6.2.1. Active Packaging
6.2.2. Molded Pulp Packaging
6.2.3. Alternate Fiber Packaging

Chapter 7. Market Segmentation 3: by Process Estimates & Trend Analysis
7.1. by Process & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Process:

7.2.1. Recycled Content Packaging
7.2.2. Reusable Packaging
7.2.3. Degradable Packaging

Chapter 8. Market Segmentation 4: by Layer Estimates & Trend Analysis
8.1. by Layer & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Layer:

8.2.1. Primary
8.2.2. Secondary
8.2.3. Tertiary

Chapter 9. Market Segmentation 5: by Application Estimates & Trend Analysis
9.1. by Application & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

9.2.1. Food & Beverage Packaging
9.2.2. Healthcare Packaging
9.2.3. Personal Care Packaging
9.2.4. Others (Electronic Appliances And Home Care Packaging)

Chapter 10. Sustainable Packaging Market Segmentation 6: Regional Estimates & Trend Analysis

10.1. North America

10.1.1. North America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Material, 2023-2031
10.1.2. North America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Function, 2023-2031
10.1.3. North America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Process, 2023-2031
10.1.4. North America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Layer, 2023-2031
10.1.5. North America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Application, 2023-2031
10.1.6. North America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2023-2031

10.2. Europe

10.2.1. Europe Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Material, 2023-2031
10.2.2. Europe Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Function, 2023-2031
10.2.3. Europe Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Process, 2023-2031
10.2.4. Europe Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Layer, 2023-2031
10.2.5. Europe Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Application, 2023-2031
10.2.6. Europe Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by country, 2023-2031

10.3. Asia Pacific

10.3.1. Asia Pacific Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Material, 2023-2031
10.3.2. Asia Pacific Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Function, 2023-2031
10.3.3. Asia-Pacific Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Process, 2023-2031
10.3.4. Asia Pacific Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Layer, 2023-2031
10.3.5. Asia Pacific Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Application, 2023-2031
10.3.6. Asia Pacific Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by country, 2023-2031

10.4. Latin America

10.4.1. Latin America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Material, 2023-2031
10.4.2. Latin America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Function, 2023-2031
10.4.3. Latin America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Process, 2023-2031
10.4.4. Latin America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Layer, 2023-2031
10.4.5. Latin America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Application, 2023-2031
10.4.6. Latin America Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by country, 2023-2031

10.5. Middle East & Africa

10.5.1. Middle East & Africa Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Material, 2023-2031
10.5.2. Middle East & Africa Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Function, 2023-2031
10.5.3. Middle East & Africa Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Process, 2023-2031
10.5.4. Middle East & Africa Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Layer, 2023-2031
10.5.5. Middle East & Africa Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by Application, 2023-2031
10.5.6. Middle East & Africa Sustainable Packaging Market Revenue (US$ Million) & Volume (Tons) by country, 2023-2031

Chapter 11. Competitive Landscape

11.1. Major Mergers and Acquisitions/Strategic Alliances

11.2. Company Profiles


11.2.1. Amcor Limited
11.2.2. Ardagh Group S.A.
11.2.3. Ball Corporation
11.2.4. BASF SE
11.2.5. Bemis Company, Inc.
11.2.6. Crown Holdings Incorporated
11.2.7. DS Smith PLC
11.2.8. Elopak AS
11.2.9. Emerald Packaging
11.2.10. Huhtamaki OYJ
11.2.11. Mondi Group
11.2.12. Nampak Ltd
11.2.13. PlastiPak Holdings Inc
11.2.14. Sealed Air Corporation
11.2.15. Sgf packaging Co. Ltd
11.2.16. Smurfit Kappa Group Plc.
11.2.17. Sonoco Products Company
11.2.18. Tetra Pak International S.A.
11.2.19. Westrock Company
11.2.20. Other Prominent Players

Segmentation of Sustainable Packaging Market-

Sustainable Packaging Market By Material-

  • Paper & paperboard
  • Plastic
  • Metal
  • Glass

Sustainable Packaging Market

Sustainable Packaging Market By Layer-

  • Primary
  • Secondary
  • Tertiary

Sustainable Packaging Market By Process

  • Recycled content packaging
  • Reusable packaging
  • Degradable packaging

Sustainable Packaging Market By Function

  • Active packaging
  • Molded pulp packaging
  • Alternate fiber packaging

Sustainable Packaging Market By Application

  • Food & beverage packaging
  • Healthcare packaging
  • Personal care packaging
  • Others (Electronic Appliances and Home Care Packaging)

Sustainable Packaging Market 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 the 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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Frequently Asked Questions

How big is the Sustainable Packaging Market?

Sustainable Packaging Market expected to grow at a 7.73% CAGR during the forecast period for 2023-2031

Amcor Limited, Bemis Company, Inc., Tetra Laval International S.A., Mondi Plc., Westrock Company, BASF SE, Sonoco Products Company

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