Green Packaging Market Size, Share & Trends Estimation Report By Types(Recycled Content Packaging, Reusable Packaging, Degradable Packaging),By Application(Food & Beverages, Consumer Products, Shipping), By Region, And Segment Forecasts, 2023 - 2030
The Green Packaging market is projected to grow from USD 267.83 Billion in 2022 to USD 385.34 Billion in 2030, exhibiting a CAGR of 5.3% during the 2023-2030 period.
Green Packaging Market Overview
Green packaging, also called sustainable packaging, minimizes energy use and reduces packaging's negative environmental impact. Unlike products like plastic and Styrofoam, green packaging solutions include materials that are biodegradable and recyclable. Green packaging also reduces power output and reduces the greenhouse gas emissions it produces.
Since green packaging has a lower carbon footprint than traditional synthetic packaging, it serves to improve human and ecological sustainability in the long run. Green packaging also requires strategies to reduce the amount of waste and pollution generated during manufacturing. One of the biggest driving factors for the market is the growing awareness of environmental protection and sustainable living. This, coupled with stringent government legislation on environmental sustainability and industry trends to use renewable resources in production processes, is spurring demand development.
The Green Packaging has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Green Packaging market.
Some Of the key players study are the
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Amcor Limited, Mondi Limited, Sealed Air Corporation, TetraPak International, Ardagh Group, PlastiPak Holdings, Bemis Company, Uflex limited, ELOPAK., others.
- In June 2021, Amcor launched eco-friendly chocolate packs in South America. The company has designed and manufactured recycled plastic packaging for powdered chocolate. This packaging reduces our carbon footprint by 53% over our previous packaging.
- In April 2021, Amcor developed a groundbreaking packaging solution for medical packaging. The new AmSky blister system is the latest addition to our portfolio of recyclable medical packaging products.
What are the major Applications, Types, and Regions for the Green Packaging Market?Segmentation
- Recycled Content Packaging
- Reusable Packaging
- Degradable Packaging
- Food & Beverages
- Consumer Products
Green Packaging Market Regional Insights:
Europe dominated the market with a revenue share of 36.7% in 2020, owing to strict regulations imposed by the European Union and other European countries regarding the use of single-use plastics. The European Directive introduced the concept of the circular economy, which has issued guidelines and targets for sustainability. European companies are starting to follow circular economy roadmaps by embracing recyclable, recyclable and degradable materials.
Asia Pacific ranks second in terms of value in 2020. This is because the region is experiencing a growing number of government regulations and initiatives encouraging manufacturers to choose greener packaging. As the world's largest manufacturing hub, China is changing its packaging habits and materials to be more environmentally friendly. Due to the high volume of products shipped from China, this move will have a significant impact on market growth in the region. The Australian government has set a target of adopting 100% recyclable packaging by 2025 or earlier, which will lead to a sharp upward trend in market value over the forecast period.
North America is on par with Asia Pacific in terms of market share due to active efforts by governments in the region. The Canadian government has built numerous recycling infrastructures to support domestic recycling. Canada banned all polystyrene containers and cups in Vancouver in 2019 to reduce solid waste disposal by 2040. Hence, it drives the demand in this region.
Geographically, the global Green Packaging market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
Green Packaging Market report scope:
|Units||Value (USD Billion)
|Growth Rate||CAGR of 5.3% from 2023 to 2030|
|By Companies||Amcor Limited, Mondi Limited, Sealed Air Corporation, TetraPak International, Ardagh Group, PlastiPak Holdings, Bemis Company, Uflex limited, ELOPAK., others.|
|Reasons to Purchase this Report||
All of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.