Sustainable Packaging Market Status (2018-2022) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2023-2030
Report Description
The global Sustainable Packaging market size was valued at USD 280,007.8 million in 2022, expanding at a CAGR of 9.22% from 2023-2030 to reach 720,108.9 million USD in 2030.
Market Dynamics
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, Recycled Plastics, 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 use 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.
Plastic pouches and bags are expected to remain a popular type of packaging during the forecast period due to their ability to maintain the freshness of food goods and extend product shelf life. The marketing benefits of petroleum-based plastic bags and pouches are increased by their excellent visual appeal and environmental friendliness. • Businesses are focusing on producing bio-based PVCs as customer demand for ecologically friendly packaging rises. In the next years, it is expected that circumstances like this will promote the adoption of sustainable PVCs.
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 toward 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.
Regional Insights
In 2022, Asia-Pacific held the dominant 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 organized 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.
Segment Dynamics
The Sustainable Packaging market is fragmented into type and application segments. Based on the type, the rigid segment is anticipated to dominate the market. By application, the food & beverage segment is projected to grow at the highest CAGR during the forecast period.
Competitive Insights
The Sustainable Packaging market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in October 2022, 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 utilized 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.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Sustainable packaging by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- 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.
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Rigid Packaging
- Flexible Packaging
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Food and Beverage
- Personal Care
- Healthcare and Pharmaceuticals
- Other
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- 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.)
Table Of Content
TABLE OF CONTENT
1. Sustainable Packaging Market Overview
1.1. Product Overview and Scope of Sustainable Packaging
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Sustainable Packaging Market Size Growth Rate Analysis by Type, 2022 VS 2030
1.3.1. Rigid Packaging
1.3.2. Flexible Packaging
1.4. Global Sustainable Packaging Consumption Comparison by Application: 2022 VS 2030
1.4.1. Food and Beverage
1.4.2. Personal Care
1.4.3. Healthcare and Pharmaceuticals
1.4.4. Others
1.5. Global Sustainable Packaging Market Size Estimates and Forecasts by Region: 2022 VS 2030
1.5.1. North America Sustainable Packaging Estimates
1.5.2. Europe Sustainable Packaging Estimates
1.5.3. China Sustainable Packaging Estimates
1.5.4. Japan Sustainable Packaging Estimates
2. Market Competition by Manufacturers
2.1. Global Sustainable Packaging Revenue Market Share by Manufacturers (2020)
2.2. Sustainable Packaging Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Sustainable Packaging Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Sustainable Packaging Production Sites, Area Served, Product Types
2.5. Sustainable Packaging Market Competitive Situation and Trends
2.5.1. Sustainable Packaging Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Sustainable Packaging Consumption by Region (2018-2022)
3.1. Global Sustainable Packaging Consumption by Region
3.2. Global Sustainable Packaging Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Sustainable Packaging Consumption Growth Rate (2018-2022)
3.2.3. North America Sustainable Packaging Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Sustainable Packaging Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Sustainable Packaging Consumption Growth Rate (2018-2022)
3.2.7. Europe Sustainable Packaging Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Sustainable Packaging Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Sustainable Packaging Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Sustainable Packaging Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Sustainable Packaging Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Sustainable Packaging Consumption Growth Rate (2018-2022)
3.2.15. South America Sustainable Packaging Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Sustainable Packaging Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Sustainable Packaging Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Sustainable Packaging Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Sustainable Packaging Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Sustainable Packaging Consumption by Type (2018-2022)
4.1. Global Sustainable Packaging Price by Type (2018-2022)
4.2. Global Sustainable Packaging Revenue Market Share by Type (2018-2022)
4.2.1. Rigid Packaging
4.2.2. Flexible Packaging
5. Global Sustainable Packaging Consumption by Application (2018-2022)
5.1. Global Sustainable Packaging Price by Application (2018-2022)
5.2. Global Sustainable Packaging Revenue Market Share by Application (2018-2022)
5.2.1. Food and Beverage
5.2.2. Personal Care
5.2.3. Healthcare and Pharmaceuticals
5.2.4. Others
6. Key Companies Profiled
6.1. AMCOR PLC
6.1.1. AMCOR PLC Sustainable Packaging Corporation Information
6.1.2. AMCOR PLC Sustainable Packaging Product Portfolio
6.1.3. AMCOR PLC Sustainable Packaging Consumption, Price and Gross Margin (2018-2022)
6.1.4. AMCOR PLC Main Business and Markets Served
6.1.5. AMCOR PLC Recent Developments/Updates
6.2. Ardagh Group S.A.
6.3. Ball Corporation
6.4. BASF SE
6.5. Crown Holdings, Inc.
6.6. DS Smith
6.7. Elopak AS
6.8. Emerald Packaging
6.9. Mondi
6.10. Nampak Ltd.
6.11. Plastipak Holdings, Inc.
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Sustainable Packaging Distributors List
7.3. Sustainable Packaging Customers
8. Market Dynamics
8.1. Sustainable Packaging Industry Trends
8.2. Sustainable Packaging Growth Drivers
8.3. Sustainable Packaging Market Challenges
8.4. Sustainable Packaging Market Restraints
9. Global Sustainable Packaging Consumption and Demand Forecast, by Region (2023-2030)
9.1. Global Forecasted Demand Analysis of Sustainable Packaging, by Regions and Country
9.1.1. North America Forecasted Consumption of Sustainable Packaging by Country
9.1.2. Europe Market Forecasted Consumption of Sustainable Packaging by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Sustainable Packaging by Region
9.1.4. Latin America Forecasted Consumption of Sustainable Packaging by Country
9.1.5. Middle East and Africa Forecasted Consumption of Sustainable Packaging by Country
10. Global Sustainable Packaging Consumption and Demand Forecast, by Type Segments (2023-2030)
10.1. Global Forecasted Consumption of Sustainable Packaging by Type Segments (2023-2030)
10.2. Global Consumption and Price Forecast by Type Segments (2023-2030)
10.3. Global Forecasted Growth Rate of Sustainable Packaging by Type Segments (2023-2030)
11. Global Sustainable Packaging Consumption and Demand Forecast, by Application Segments (2023-2030)
11.1. Global Forecasted Consumption of Sustainable Packaging by Application Segments (2023-2030)
11.2. Global Consumption and Price Forecast by Application Segments (2023-2030)
11.3. Global Forecasted Growth Rate of Sustainable Packaging by Application Segments (2023-2030)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Design
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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