Global Green Packaging Market – Industry Trends and Forecast to 2030

Global Green Packaging Market, By Type (Recyclable, Reusable, and Degradable), Application (Food, Beverages, Pharmaceutical, Personal Care, Home Care, Shipping, Chemicals, Healthcare, and Others) – Industry Trends and Forecast to 2030.

Green Packaging Market Analysis and Size

Packaging is an essential part of every industry. Hence, using green packaging for the packaging of products is a perfect option to reduce the chances of exploitation of natural resources that will ensure an ecological environment. This is one of the major aspects of attaining global ecological development goals. Various industries are gradually opting for these development models to create a positive brand image in the global market. Moreover, the growing importance of using green packaging in several end-users, such as healthcare, chemicals, food and beverages, and personal care sectors, will likely enhance the market growth.

Data Bridge Market Research analyses that the green packaging market is expected to reach USD 493.75 billion by 2030, which was USD 308.38 billion in 2022, registering a CAGR of 6.06% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Green Packaging Market Scope and Segmentation

Market Definition

A packaging solution known as "green packaging" uses environmentally safe materials and is readily biodegradable to package products. The materials must be confined to avoid contamination or tampering from chemical, physical, or biological sources. Such packaging is mainly made from renewable raw materials, which have less impact on the environment during production, development, and disposal.

Green Packaging Market Dynamics

Drivers

• Increasing demand for green packaging in the food and beverages industry

The food and beverage industry's rising need for biodegradable packaging is anticipated to fuel market expansion. In accordance with government laws, food, and beverage producers are gradually implementing recyclable and reusable packaging materials to reduce packaging waste. Consumer brand perception is boosted by the food and beverage industry's growing move towards environmentally friendly packaging. This is accelerating market expansion as well.

• Growing awareness regarding the usage of plastic products

Consumer awareness regarding the disadvantages of using non-biodegradable and single-use plastic goods for product packaging is predicted to increase throughout the forecast period, fueling market expansion. The widespread use of non-biodegradable and single-use plastic packaging materials negatively impacts the environment. Plastic takes hundreds of years to decompose in a landfill, harming the ecosystem and ultimately endangering the lives of people, animals, and plants. Consequently, during the forecast period, increasing consumer awareness of the risks associated with utilizing plastic materials for food packaging is anticipated to fuel market expansion.

Opportunities

• Rising government initiatives to encourage the production of green packaging  solutions

Governments worldwide have developed several regulations to support the producers of green packaging due to their awareness of the dangers posed by environmental problems. Favorable government regulations that permit subsidies to packaging makers, especially in developed countries, generate profitable chances for market participants to boost their current production levels. Major companies have begun investing in expanding different recycling programs for waste packaging materials released from various business units and industries as a result of these government initiatives.

• Increasing technological advancement by market players to control environmental pollution

The market for green packaging is expanding as a result of technological development. To lessen their influence on the environment, major market participants are concentrating their efforts on developing cutting-edge technology for switching to environmentally friendly packaging options for food packaging. As an illustration, Huhtamäki Oyj introduced an inventive and reusable ice cream packaging solution based on paper-based technology in 2022. This packaging solution is composed primarily of renewable bio-based materials, to the extent of 95%. This invention lessens environmental pollution and waste from packaging.

Restraints/ Challenges

• The high price associated with green packaging

The high price of green packaging in the market is the major factor limiting the growth of the green packaging market in the forecast period. This is mainly attributed to the fluctuation in the price of raw materials poses and the high cost associated with the recycling processing of packaging materials. These factors are also challenging the market growth in the coming years.

• Usage of harmful chemical additives during the production of green packaging

The harmful effects of chemical additives used to produce green packaging are another major factor expected to restrain the market growth over the forecast period. For instance, fluorinated compounds are used in the production of compostable plant fiber bowls and cups, which are used in hotels and restaurants. These fluorinated compounds are non-biodegradable and harmful to the environment.

This green 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 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2021, ProAmpac acquired Ultimate Packaging Ltd., which offers creative solutions, for an undisclosed amount. Through this acquisition, ProAmpac extends its sustainable product portfolio, increases its reach, and improves its position in creative food packaging across the U.K. The company gives its support with numerous innovative packaging products that are green.
• In April 2021, Nestle and Amcor partnered to develop a sustainable, eco-friendly packaging solution. Amcor is facilitating Nestle to shift towards sustainable packaging in Australia.

Global Green Packaging Market Scope

The green packaging market is segmented on the basis of type and application. 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

• Recyclable
• Paper
• Plastic
• Metal
• Glass
• Others
• Reusable
• Drum
• Plastic Container
• Others
• Degradable

Application

• Food and Beverages
• Pharmaceutical
• Personal Care
• Home Care
• Shipping
• Chemicals
• Healthcare
• Others

Green Packaging Market Regional Analysis/Insights

The green packaging market is analysed and market size insights and trends are provided by country, type, and application, as referenced above.

The countries covered in the green packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Asia-Pacific is expected to dominate the green packaging market due to the increasing consumption of convenience food and beverage products in this region. Moreover, increasing government initiatives and regulations encouraging manufacturers to use green packaging will further boost the market's growth in this region.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 due to the implementation of strict regulations supporting green adoption packaging in this region. Furthermore, increasing the usage of green packaging in the food industry will further boost the market growth in this region.

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 Packaging Market Share Analysis

The green 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 packaging market.

Some of the major players operating in the green packaging market are:

• Mondi  (U.K.)
• Segezha-Group. (Russia)
• Klabin S.A (Brazil)
• Billerud AB (Sweden)
• Stora Enso (Finland)
• Daio Paper construction (Japan)
• Nordic Paper (Sweden)
• Glatfelter Corporation (U.S.)
• Gascogne Papier (Austria)
• Tokushu Tokai Paper Co., Ltd. (Japan)
• Goodwin Robbins Packaging Company Inc.(U.S.)
• Oji Holdings Corporation (Japan)
• CTI Paper USA (U.S.), Canfor (Canada)
• Georgia-Pacific (U.S.)
• Canadian Paper packaging Ltd. (Canada)
• Fujian Qingshan Paper Co., Ltd.(China),
• Smurfit Kappa (U.S.)
• WestRock Company (Ireland)
• SCG PACKAGING (Thailand
• International Paper (U.S.)