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Green Packaging Market Report Scope & Overview:

The Green Packaging Market size was USD 306.73 billion in 2022 and is expected to Reach USD 496.31 billion by 2030 and grow at a CAGR of 6.2 % over the forecast period of 2023-2030.

Sustainable packaging options that use paper, plant-based materials, recycled materials, and other biodegradable materials lessen their carbon footprint throughout their entire lifecycle, from production to disposal.

Green Packaging Market Revenue Analysis

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The increased consumer awareness about the harmful effects of single-use plastic products on the environment has prompted manufacturers and suppliers to adopt green packaging solutions as their preferred choice. The green packaging market has benefited from the government's strict regulations and policies on plastic packaging solutions.

Recycled content packaging led all other packaging types in 2022, with a market share of over 65%.

According to the application, the food and beverage sector held the largest market share of about 65% in 2022.

MARKET DYNAMICS

KEY DRIVERS: 

  • The market growth will be fueled by the rising demand for environmentally friendly food packaging.

The use of environment-friendly materials for the production of goods, which are biodegradable can be used as a substitute for plastic material. The biodegradable materials do not harm the final product, hence are in demand by the packaging industry, which is driving the growth of green packaging market.

  • Green packaging solutions can often lead to cost savings.

RESTRAIN:

  • Limited availability of green packaging materials

Green packaging is in demand, but there may not always be a large enough supply of eco-friendly materials to meet that demand. Alternative fibers and plant-based plastics may not have enough production capacity to meet the market's increasing demand. As a result of this restriction, businesses may face increased costs and fewer options, as well as difficulties with the supply chain.

  • Undeveloped recycling and waste management infrastructure.

OPPORTUNITY:

  • The green packaging market offers opportunities for innovation and product differentiation

Businesses can create brand-new eco-friendly, practical, and aesthetically pleasing packaging materials, technologies, and designs. Reusable packaging options, composit packaging, and other innovations can help businesses stand out from competitors and win market share.

  • The rise of e-commerce and direct-to-consumer models presents opportunities for green packaging solutions.

CHALLENGES:

  • Limited consumer awareness and education

Not all consumers are knowledgeable about green packaging options and their advantages, despite rising environmental awareness. Consumer ignorance may have an impact on demand for green packaging and restrain the market's expansion. Effective education and communication campaigns are required to increase consumer awareness and promote the use of sustainable packaging options.

IMPACT OF RUSSIAN UKRAINE WAR

Since the conflict started, 5.8 million people have left Ukraine. Over 250 major Western corporations have left the country as a result of the conflict, and numerous packaging and production facilities in both Russia and Ukraine have also been closed. Because they were unsure of when it would end, some businesses were initially hesitant to stop operations altogether or scale them back.

Smurfit Kappa, an Irish paper packaging business and one of the biggest corrugated paper producers in Russia, and Huhtamäki, a Finnish food packaging supplier with more than 30 years of experience operating in Russia, have both added their names to the list of companies leaving the country.

The parent company of Mondi Syktyvkar, a company that specializes in paper and packaging, has already suspended operations at its paper bag manufacturing facility in, Ukraine.

Prior to the start of the conflict, aluminium was only costing US$2,800 per tonne. Now, it costs US$3,500 per tonne.

IMPACT OF ONGOING RECESSION

It may become more challenging to invest in sustainable supply chain initiatives like renewable energy, waste reduction, or eco-friendly packaging during a recession as organizations and supply chains shift their focus to more pressing issues like maintaining cash flow or cutting costs to manage financial health.

A decrease in the willingness of businesses to pay more for sustainable materials or goods is also possible. This might cause investments in sustainability initiatives to be cut back or the adoption of sustainable practices to be delayed.

Consumers may spend less money on discretionary items and buy fewer goods as a result, which would lower the demand for goods. Due to the potential reduction in production and transportation, supply chains' carbon footprints could be reduced, contributing to a modest but nonetheless beneficial improvement in sustainability.

A recession may encourage more proactive collaboration between businesses, governments, and NGOs in order to find creative and long-lasting solutions to economic challenges, leaving aside short-term market dynamics. This might result in fresh collaborations and projects that give supply chain sustainability a top priority.

KEY MARKET SEGMENTS

By Raw Material

  • Plastic

  • Paper

  • Metal

  • Others

By Packaging Type

  • Recycled Content Packaging

  • Reusable Packaging

  • Degradable Packaging

By Application

  • Healthcare

  • Food & Beverages

  • Personal Care

  • Others

Green Packaging Market Segmentation Analysis

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REGIONAL ANALYSIS

In the market for green packaging in 2022, Europe held the largest market share of over 35%. This is a result of consumers increasing environmental consciousness and rising demand for environmentally friendly packaging options. By providing improved biodegradability and lower carbon emissions in uses like food packaging and shopping bags, the use of bioplastics derived from renewable sources, like sugarcane or corn starch, has also helped the market expand.

Due to the expansion of the market for recyclable packaging, particularly in the food and beverage industry, it is predicted that the Asia Pacific region will experience the fastest CAGR growth during the forecast period. Greater investments are being made in recycling infrastructure as well as the creation of new materials and technologies in the Asia Pacific packaging industry as a result of the growing understanding of the value of circular economy principles in reducing waste and promoting sustainability. Additionally, the region's rising demand for FMCG products has prompted a parallel rise in the production of eco-friendly packaging options for storing and shipping these goods. Due to this, there is an increasing need for eco-friendly packaging options that can satisfy the demands of the FMCG industry while also minimizing waste and environmental impact. This is a factor in the rising demand for green packaging.

The market growth for green packaging in North America is attributed to the expanding trend towards sustainable packaging innovation and design, such as lightweight and reusable packaging, which helps in reducing the environmental impact of packaging and saves costs for manufacturers.

The Canadian government's initiatives to reduce plastic waste by actively funding and assisting companies in creating novel forms of sustainable packaging are anticipated to fuel the country's green packaging market.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin American

Key players List-

Some major key players in the Green packaging market are Tetra Laval, Be Green Packaging, DuPont, Amcor plc, Sealed Air, Mondi, DS Smith Plc, Ball Corporation, Evergreen Packaging LLC, Nampak Ltd, and other players.

Be Green Packaging-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENT

  • Tyson Foods and Amcor collaborate to deliver new sustainable packaging. In order to introduce a more sustainable package for consumer goods, Tyson Foods, one of the largest food companies in the world and a well-known global protein leader, will once again partner with Amcor, a global leader in developing and producing responsible packaging solutions.  

  • Fres-co System USA, flexible packaging solutions provider partnered with Trex Company, the world’s largest manufacturer of wood-alternative, to embrace the sustainability of its flexible coffee packaging

Green Packaging Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 306.73 Bn
Market Size by 2030  US$ 496.31 Bn
CAGR   CAGR of 6.2% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Raw Material (Plastic, Paper, Metal, Others)
• By Packaging Type (Recycled Content Packaging, Reusable Packaging, Degradable Packaging)
• By Application (Healthcare, Food & Beverages, Personal Care, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Tetra Laval, Be Green Packaging, DuPont, Amcor plc, Sealed Air, Mondi, DS Smith Plc, Ball Corporation, Evergreen Packaging LLC, Nampak Ltd
Key Drivers • The market growth will be fueled by the rising demand for environmentally friendly food packaging.
Market Opportunities • The green packaging market offers opportunities for innovation and product differentiation

 

Frequently Asked Questions

Ans: The Green Packaging Market size is expected to grow at a CAGR of 6.2 % over the forecast period.

Ans: The Green Packaging Market size was USD 306.73 billion in 2022 and is expected to Reach USD 496.31 billion by 2030.

Ans: The market growth will be fueled by the rising demand for environmentally friendly food packaging.

Ans: Limited availability of green packaging materials.

Ans: Europe held the largest market share of over 35 % in green packaging market in 2022.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Green Packaging   Market Segmentation, By Raw Material
8.1 Plastic
8.2 Paper
8.3 Metal
8.4 Others

9. Green Packaging   Market Segmentation, By Packaging Type
9.1 Recycled Content Packaging
9.2 Reusable Packaging
9.3 Degradable Packaging

10. Green Packaging   Market Segmentation, By Application
10.1 Healthcare
10.2 Food & Beverages
10.3 Personal Care
10.4 Others

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Green Packaging Market by Country
11.2.2North America Green Packaging Market By Raw Material
11.2.3 North America Green Packaging Market by Packaging Type
11.2.4 North America Green Packaging Market By Application
11.2.6 USA
11.2.6.1 USA Green Packaging Market By Raw Material
11.2.6.2 USA Green Packaging Market by Packaging Type
11.2.6.3 USA Green Packaging Market By Application
11.2.7 Canada
11.2.7.1 Canada Green Packaging Market By Raw Material
11.2.7.2 Canada Green Packaging Market by Packaging Type
11.2.7.3 Canada Green Packaging Market By Application
11.2.8 Mexico
11.2.8.1 Mexico Green Packaging Market By Raw Material
11.2.8.2 Mexico Green Packaging Market by Packaging Type
11.2.8.3 Mexico Green Packaging Market By Application
11.3 Europe
11.3.1 Europe Green Packaging Market by Country
11.3.2 Europe Green Packaging Market By Raw Material
11.3.3 Europe Green Packaging Market by Packaging Type
11.3.4 Europe Green Packaging Market By Application
11.3.6 Germany
11.3.6.1 Germany Green Packaging Market By Raw Material
11.3.6.2 Germany Green Packaging Market by Packaging Type
11.3.6.3 Germany Green Packaging Market By Application
11.3.7 UK
11.3.7.1 UK Green Packaging Market By Raw Material
11.3.7.2 UK Green Packaging Market by Packaging Type
11.3.7.3 UK Green Packaging Market By Application
11.3.8 France
11.3.8.1 France Green Packaging Market By Raw Material
11.3.8.2 France Green Packaging Market by Packaging Type
11.3.8.3 France Green Packaging Market By Application
11.3.9 Italy
11.3.9.1 Italy Green Packaging Market By Raw Material
11.3.9.2 Italy Green Packaging Market by Packaging Type
11.3.9.3 Italy Green Packaging Market By Application
11.3.10 Spain
11.3.10.1 Spain Green Packaging Market By Raw Material
11.3.10.2 Spain Green Packaging Market by Packaging Type
11.3.10.3 Spain Green Packaging Market By Application
11.3.11 The Netherlands
11.3.11.1 Netherlands Green Packaging Market By Raw Material
11.3.11.2 Netherlands Green Packaging Market by Packaging Type
11.3.11.3 Netherlands Green Packaging Market By Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Green Packaging Market By Raw Material
11.3.11.2 Rest of Europe Green Packaging Market by Packaging Type
11.3.11.3 Rest of Europe Green Packaging Market By Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Green Packaging Market by Country
11.4.2 Asia Pacific Green Packaging Market By Raw Material
11.4.3 Asia Pacific Green Packaging Market by Packaging Type
11.4.4Asia Pacific Green Packaging Market By Application
11.4.6 Japan
11.4.6.1 Japan Green Packaging Market By Raw Material
11.4.6.2 Japan Green Packaging Market by Packaging Type
11.4.6.3 Japan Green Packaging Market By Application
11.4.7 South Korea
11.4.7.1 South Korea Green Packaging Market By Raw Material
11.4.7.2 South Korea Green Packaging Market by Packaging Type
11.4.7.3 South Korea Green Packaging Market By Application
11.4.8 China
11.4.8.1 China Green Packaging Market By Raw Material
11.4.8.2 China Green Packaging Market by Packaging Type
11.4.8.3 China Green Packaging Market By Application
11.4.9 India
11.4.9.1 India Green Packaging Market By Raw Material
11.4.9.2 India Green Packaging Market by Packaging Type
11.4.9.3 India Green Packaging Market By Application
11.4.10 Australia
11.4.10.1 Australia Green Packaging Market By Raw Material
11.4.10.2 Australia Green Packaging Market by Packaging Type
11.4.10.3 Australia Green Packaging Market By Application
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Green Packaging Market By Raw Material
11.4.11.2 APAC Green Packaging Market by Packaging Type
11.4.11.3 APAC Green Packaging Market By Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Green Packaging Market by Country
11.5.2 The Middle East & Africa Green Packaging Market By Raw Material
11.5.3 The Middle East & Africa Green Packaging Market by Packaging Type
11.5.4The Middle East & Africa Green Packaging Market By Application
11.5.6 Israel
11.5.6.1 Israel Green Packaging Market By Raw Material
11.5.6.2 Israel Green Packaging Market by Packaging Type
11.5.6.3 Israel Green Packaging Market By Application
11.5.7 UAE
11.5.7.1 UAE Green Packaging Market By Raw Material
11.5.7.2 UAE Green Packaging Market by Packaging Type
11.5.7.3 UAE Green Packaging Market By Application
11.5.8 South Africa
11.5.8.1 South Africa Green Packaging Market By Raw Material
11.5.8.2 South Africa Green Packaging Market by Packaging Type
11.5.8.3 South Africa Green Packaging Market By Application
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Green Packaging Market By Raw Material
11.5.9.2 Rest of Middle East & Asia Green Packaging Market by Packaging Type
11.5.9.3 Rest of Middle East & Asia Green Packaging Market By   Application
11.6 Latin America
11.6.1 Latin America Green Packaging Market by Country
11.6.2 Latin America Green Packaging Market By Raw Material
11.6.3 Latin America Green Packaging Market by Packaging Type
11.6.4 Latin America Green Packaging Market By Application
11.6.6 Brazil
11.6.6.1 Brazil Green Packaging Market By Raw Material
11.6.6.2 Brazil Africa Green Packaging Market by Packaging Type
11.6.6.3 Brazil Green Packaging Market By Application
11.6.7 Argentina
11.6.7.1 Argentina Green Packaging Market By Raw Material
11.6.7.2 Argentina Green Packaging Market by Packaging Type
11.6.7.3 Argentina Green Packaging Market By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Green Packaging Market By Raw Material
11.6.8.2 Rest of Latin America Green Packaging Market by Packaging Type
11.6.8.3 Rest of Latin America Green Packaging Market By Application

12 Company Profile
12.1 Tetra Laval
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Products/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Be Green Packaging
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Products/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 DuPont
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Products/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Amcor plc
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Products/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Sealed Air
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Products/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Mondi
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Products/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 DS Smith Plc
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Products/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Ball Corporation
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Products/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Evergreen Packaging LLC
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Nampak Ltd
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments

14. USE Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

Step 4: QA/QC Process

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