Global Sustainable Packaging Market, By Material (Paper and Paperboard, Plastic, Metal and Others), Function (Active, Moulded Pulp and Alternate Fibre), Process (Recycled Content, Reusable and Degradable), Layer (Primary, Secondary and Tertiary), Packaging (Trays, Bags, Boxes, Bottles and Jars, Films, Pouches and Sachets, Drums, IBC and Others), End-user (Food, Beverage, Automobile and Electronics, Chemical, Pharmaceutical, Agriculture and Personal Care), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Sustainable Packaging Market
Data Bridge Market Research analyses that the sustainable packaging market will project a CAGR of 6.50% for the forecast period of 2022-2029. Rising focus on the packaging product innovations and technological advancements by the manufacturers, growth and expansion of packaging industry especially in the developing economies like India and China, surging demand for innovative packaging solutions that are developed with advanced and innovative methods of manufacturing, growth and expansion of various end user verticals in the developing economies and increased personal disposable income are the factors driving the growth of sustainable packaging market.
From the name itself, it is clear that sustainable packaging is the use of packaging materials and solutions that involves the using biodegradable material which can easily be recycled and reused. Sustainable packaging materials are harmless to the environment which means that these are safe for the environment. Sustainable packaging solutions improve the ecological footprint as well.
Rising urbanization, modernization, and globalization is driving the growth in the market value. Growing demand for convenient parking solutions, rising level of environmental pollution and surging manufacturing activities will further induce growth in the market value. Surging research and development proficiencies, rising demand for flexible packaging materials and solutions, growing technological advancements in the packaging equipment and technology, stringent regulations imposed by the government on the use of non-biodegradable packaging solutions, increased proliferation of e-commerce industry and rising availability of space saving packaging solutions are some other market growth determinants.
However, supply chain disruptions owing to the covid-19 pandemic will create hindrances for the market growth rate. Fluctuations in the prices of raw materials and high costs associated with the sustainable packaging solutions will further dampen the market growth rate. Complexities associated with recycling the materials and large costs associated with the recycling process will hamper the market growth rate.
This sustainable 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 localised 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 sustainable 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.
Global Sustainable Packaging Market Scope and Market Size
Global sustainable packaging market is segmented on the basis of material, function, process, layer, packaging and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Sustainable packaging market on the basis of material has been segmented as paper and paperboard, plastic, metal and others.
- Based on function, the sustainable packaging market has been segmented into active, moulded pulp and alternate fibre.
- On the basis of process, the sustainable packaging market has been segmented into recycled content, reusable and degradable.
- On the basis of layer, the sustainable packaging market has been segmented into primary, secondary and tertiary.
- Sustainable Packaging has also been segmented on the basis of packaging into trays, bags, boxes, bottle and jars, films, pouches and sachets, drums, IBC and others
- According to end-user, the sustainable packaging market has been divided into food, beverage, automobile and electronics, chemical, pharmaceutical, agriculture and personal care.
Sustainable Packaging Market Country Level Analysis
The global sustainable packaging market is analysed and market size insights and trends are provided by country, material, function, process, layer, packaging and end user as referenced above.
The countries covered in the sustainable 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.
Europe region will dominates the global sustainable packaging market during the forecast period owing to the increasing adoption for sustainable packaging in mostly meat products and sausages and processed vegetables and fruits. Asia-Pacific will continue to undergo substantial gains. Ever-rising population base, increasing availability of raw materials and growing food processing activities and increased personal disposable income are some important market growth determinants.
The country section of the sustainable packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Sustainable Packaging Market Share Analysis
The sustainable 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 sustainable packaging market.
Some of the major players operating in the sustainable packaging market Amcor plc, Bemis Company Inc., Tetra Laval International SA., Mondi, WestRock Company, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air, Huhtamaki Oyj, Gerresheimer AG, BALL CORPORATION, Ardagh Group S.A., Crown, DS Smith, Berry Global Inc., Reynolds Packaging, Genpack LLC, DuPont, and Evergreen Packaging LLC among others.
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