Global Green Food Packaging Market By Packaging Type (Recycled Content, Reusable Packaging, Degradable Packaging), Material (Glass, Paper & Paperboard, Plastic, Metal), Application (Bakery, Confectionery, Convenience foods, Dairy Products, Fruits and Vegetables, Sauces, Dressing and Condiments, Others), Type (Bottles, Cans, Pouches, Boxes) – Industry Trends and Forecast to 2029.
Green Food Packaging Market Analysis and Size
Concerns about the environmental impact of the plastic continue to grow in the food and beverage industry, prompting several companies to use recycled plastic. When it comes to purchasing products, modern consumers are increasingly concerned with issues such as sustainability, the environment, ethics, safety, quality, and product costs. A number of these issues are also enforced by sustainable packaging regulations, which is expected to benefit the global green packaging market.
Data Bridge Market Research analyses that the green food packaging market which was growing at a value of 311.7 billion in 2021 and is expected to reach the value of USD 692.84 billion by 2029, at a CAGR of 10.50% during the forecast period.
Market Definition
Green packaging, also known as sustainable packaging, is a type of packaging that uses environmentally friendly materials and manufacturing processes. It uses plant-based plastics, recycled packaging materials, and biodegradable products to make a variety of products. Aside from that, green packaging entails the use of renewable energy sources in transportation, such as biofuels, wind, and solar. The combination of all of these processes helps to reduce carbon footprints while also creating environmental balance. As a result, many manufacturers are shifting away from traditional synthetic packaging towards more sustainable alternatives.
Green Food Packaging Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Packaging Type (Recycled Content, Reusable Packaging, Degradable Packaging), Material (Glass, Paper & Paperboard, Plastic, Metal), Application (Bakery, Confectionery, Convenience foods, Dairy Products, Fruits and Vegetables, Sauces, Dressing and Condiments, Others), Type (Bottles, Cans, Pouches, Boxes)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bayer AG (Germany), H.C. Starck GmbH (Germany), AGC SEIMI CHEMICAL CO., LTD. (Japan), BASF SE (Germany), DuPont (US), Merck & Co., Inc. (US), Evonik Industries AG (Germany), Sumitomo Chemical Co., Ltd. (Japan), Heliatek GmbH (Germany), Novaled GmbH. (Germany), AU Optronics Corp., (Taiwan), Graphic Packaging International, LLC (US), WestRock Company. (US), Smurfit Kappa (Irenland), Krones AG (Germany), Amcor plc (Switzerland), Graham Packaging Company. (US), Sonoco Products Company (US), Parker Hannifin Corp. (US) and Berry Global Inc. (US)
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Opportunities
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Green Food Packaging Market Dynamics
Drivers
- Rising adoption of sustainable packaging to reduce carbon footprints
Due to the growing environmental concerns, green packaging has gained traction in the majority of countries. Rising transportation and energy costs are also contributing to the market's expansion. Furthermore, negative consumer perceptions of conventional packaging and government pressure to shift toward eco-friendly materials have fuelled market growth. Several brands have recently implemented green packaging solutions to reduce their carbon footprint.
Growing demand in various applications
Due to their inherent advantages, such as quality control, durability, hygiene, and preservation, these systems are widely used in various applications, including bakery and confectionery, meat, seafood, poultry, dairy, and grains. The product is becoming more widely used in end-use industries, particularly in Asia Pacific, where rising domestic manufacturing and consumer income levels are driving innovation in this sector.
Opportunity
Stringent government regulations, packaging industry downsizing, and technological advancements in the packaging industry for the production of packaging using non-petroleum products are driving the market for eco-friendly food packaging. Additionally, innovative products such as edible packaging and water-soluble packaging are fuelling the market for eco-friendly food packaging.
Restraints
High production costs and fluctuating raw material prices will restrain the growth of the global green food packaging market. Lockdowns imposed as a result of the COVID-19 pandemic have shut down operations across economies, causing significant market restraint.
This green food packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the green food packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Green Food Packaging Market
As the COVID-19 outbreak became a pandemic, attention shifted away from sustainability and toward the virus and its global impact. Plastic waste has also increased as a result of the pandemic. According to Forbes, much of the public's personal protective equipment (PPE) is discarded carelessly. The opposition to single-use plastic bans has increased demand for bottled water, plastic bags, disposable wipes, and hand sanitizers.
Recent Development
- Amcor Ltd, in collaboration with 35 leading consumer goods companies, announced measures to significantly reduce plastic waste in December 2020. Amcor and its coalition partners, with a combined turnover of 1 trillion euros, will enforce two new design rules to deliver packaging that is easier and more cost-effective to recycle.
- Ball Corporation announced the five aluminium packaging plants with the most significant operational and social sustainability improvements, including progress across the areas with the most significant sustainability impact across operations, promotion of aluminium packaging sustainability credentials, and engagement in their local communities, in April 2020.
Global Green Food Packaging Market Scope
The green food packaging market is segmented on the basis packaging type, material, application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Recycled Content
- Reusable Packaging
- Degradable Packaging
Application
- Bakery
- Confectionery
- Convenience foods
- Dairy Products
- Fruits and Vegetables
- Sauces
- Dressing and Condiments
- Others
Material
- Glass
- Paper
- Paperboard
- Plastic
- Metal
Packaging type
- Bottles
- Cans
- Pouches
- Boxes
Green Food Packaging Market Regional Analysis/Insights
The green food packaging market is analysed and market size insights and trends are provided by country, packaging type, material, application and type as referenced above.
The countries covered in the green food packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia Pacific market is expected to grow the fastest, owing to rising demand for convenience foods due to consumers' hectic lifestyles. As a result of urbanisation, hectic lifestyles, and high disposable income, there is an increase in consumption of on-the-go and ready-to-eat breakfast meals. The eco-friendly food packaging industry is expanding as a result of stringent laws and regulations imposed by governments and regulatory bodies, as well as a shift in consumer preferences toward recyclable and eco-friendly packaging materials. Aside from these factors, packaging downsizing and breakthroughs in new technologies are also driving the global market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Green Food Packaging Market Share Analysis
The green food packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to green food packaging market.
Some of the major players operating in the green food packaging market are:
- Bayer AG (Germany)
- H.C. Starck GmbH (Germany)
- AGC SEIMI CHEMICAL CO., LTD. (Japan)
- BASF SE (Germany)
- DuPont (US)
- Merck & Co., Inc. (US)
- Evonik Industries AG (Germany)
- Sumitomo Chemical Co., Ltd. (Japan)
- Heliatek GmbH (Germany)
- Novaled GmbH. (Germany)
- AU Optronics Corp., (Taiwan)
- Graphic Packaging International, LLC (US)
- WestRock Company. (US)
- Smurfit Kappa (Irenland)
- Krones AG (Germany)
- Amcor plc (Switzerland)
- Graham Packaging Company. (US)
- Sonoco Products Company (US)
- Parker Hannifin Corp. (US)
- Berry Global Inc. (US)
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