Global Sustainable Packaging Market To Record Protruding Growth With US$ 720,108.9 Million By 2030

July 2023 | Report Format: Electronic (PDF)

The use of non-biodegradable plastics in packaging increases the negative environmental effects, making sustainable packaging essential for preserving the product's shelf life and decreasing them. Removing, Reducing, Recycling, Renewing, and Reusing are the five R's of sustainable packaging. Additionally, environmentally friendly packaging has less of an influence. Thus, a foundation for reasonable, healthy, and eco-friendly packaging methods is established. Practically every industry vertical uses sustainable packaging, but to name a few, the food and beverage, FMCG, retail trade, wholesale, and healthcare sectors have found it to be particularly influential. This innovative packaging idea has also added a new dimension for inventions, providing many opportunities for business owners to investigate many undiscovered dimensions in this industry.

Corrugated packaging, flexible plastics, and rigid plastics are all on the rise since COVID-19. Due to the growing awareness of hygiene, the food packaging industry has maintained a strong need for sustainable packaging goods. Additionally, rigid packaging for supermarket deliveries and e-commerce saw significant growth. In the healthcare industry, there was a trend towards the expansion of sustainable packaging materials, such as flexible blister foils, pumps, closures, and hard plastics. The packaging for critical goods like allergy medication and dietary supplements like vitamins has also helped the business.

In 2021, Asia-Pacific held the greatest market share for sustainable packaging worldwide. Leading e-commerce platforms and delivery businesses in China are proactively reducing their use of packaging. For instance, SF Express uses recyclable packaging that can often be used ten times. India's growing middle class, blossoming organised retail market, increase in exports, and booming e-commerce market should all support further growth. As a result, there is now a demand for environmentally friendly packaging that can nevertheless provide the greatest level of quality.

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Sustainable Packaging Market Report Highlights

• In October 2021, Cargill announced that the Biovero bio-based plasticizer has been added to their lineup of bio-industrial solutions. With plans to expand the offering globally, this product is utilised for a variety of product manufacturing applications, including the fabrication of flooring, garments, wires, cables, and plastic films and sheets for its industrial customers in North America.
• In October 2022, BOBST revealed oneBARRIER, a family of new alternative and sustainable solutions.

SUSTAINABLE PACKAGING MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Sustainable Packaging Type Outlook (Revenue, USD Million, 2017 - 2030)

• Rigid Packaging
• Flexible Packaging

Sustainable Packaging Application Outlook (Revenue, USD Million, 2017 - 2030)

• Food and Beverage
• Personal Care
• Healthcare and Pharmaceuticals
• Others

Sustainable Packaging Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

 List of Key Players- Sustainable Packaging Market

• Amcor plc
• Ardagh Group S.A.
• Ball Corporation
• BASF SE
• Crown Holdings, Inc.
• DS Smith
• Elopak AS
• Emerald Packaging
• Mondi
• Nampak Ltd.
• Plastipak Holdings, Inc.

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