REPORT SCOPE & OVERVIEW
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.
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.
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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.
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.
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.
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.
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
By Packaging Type
Recycled Content Packaging
Food & Beverages
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of the Middle East & Africa
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.
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
|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|
|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|
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 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
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
10.2 Food & Beverages
10.3 Personal Care
11. Regional Analysis
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
18.104.22.168 USA Green Packaging Market By Raw Material
22.214.171.124 USA Green Packaging Market by Packaging Type
126.96.36.199 USA Green Packaging Market By Application
188.8.131.52 Canada Green Packaging Market By Raw Material
184.108.40.206 Canada Green Packaging Market by Packaging Type
220.127.116.11 Canada Green Packaging Market By Application
18.104.22.168 Mexico Green Packaging Market By Raw Material
22.214.171.124 Mexico Green Packaging Market by Packaging Type
126.96.36.199 Mexico Green Packaging Market By Application
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
188.8.131.52 Germany Green Packaging Market By Raw Material
184.108.40.206 Germany Green Packaging Market by Packaging Type
220.127.116.11 Germany Green Packaging Market By Application
18.104.22.168 UK Green Packaging Market By Raw Material
22.214.171.124 UK Green Packaging Market by Packaging Type
126.96.36.199 UK Green Packaging Market By Application
188.8.131.52 France Green Packaging Market By Raw Material
184.108.40.206 France Green Packaging Market by Packaging Type
220.127.116.11 France Green Packaging Market By Application
18.104.22.168 Italy Green Packaging Market By Raw Material
22.214.171.124 Italy Green Packaging Market by Packaging Type
126.96.36.199 Italy Green Packaging Market By Application
188.8.131.52 Spain Green Packaging Market By Raw Material
184.108.40.206 Spain Green Packaging Market by Packaging Type
220.127.116.11 Spain Green Packaging Market By Application
11.3.11 The Netherlands
18.104.22.168 Netherlands Green Packaging Market By Raw Material
22.214.171.124 Netherlands Green Packaging Market by Packaging Type
126.96.36.199 Netherlands Green Packaging Market By Application
11.3.11 Rest of Europe
188.8.131.52 Rest of Europe Green Packaging Market By Raw Material
184.108.40.206 Rest of Europe Green Packaging Market by Packaging Type
220.127.116.11 Rest of Europe Green Packaging Market By Application
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
18.104.22.168 Japan Green Packaging Market By Raw Material
22.214.171.124 Japan Green Packaging Market by Packaging Type
126.96.36.199 Japan Green Packaging Market By Application
11.4.7 South Korea
188.8.131.52 South Korea Green Packaging Market By Raw Material
184.108.40.206 South Korea Green Packaging Market by Packaging Type
220.127.116.11 South Korea Green Packaging Market By Application
18.104.22.168 China Green Packaging Market By Raw Material
22.214.171.124 China Green Packaging Market by Packaging Type
126.96.36.199 China Green Packaging Market By Application
188.8.131.52 India Green Packaging Market By Raw Material
184.108.40.206 India Green Packaging Market by Packaging Type
220.127.116.11 India Green Packaging Market By Application
18.104.22.168 Australia Green Packaging Market By Raw Material
22.214.171.124 Australia Green Packaging Market by Packaging Type
126.96.36.199 Australia Green Packaging Market By Application
11.4.11 Rest of Asia-Pacific
188.8.131.52 APAC Green Packaging Market By Raw Material
184.108.40.206 APAC Green Packaging Market by Packaging Type
220.127.116.11 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
18.104.22.168 Israel Green Packaging Market By Raw Material
22.214.171.124 Israel Green Packaging Market by Packaging Type
126.96.36.199 Israel Green Packaging Market By Application
188.8.131.52 UAE Green Packaging Market By Raw Material
184.108.40.206 UAE Green Packaging Market by Packaging Type
220.127.116.11 UAE Green Packaging Market By Application
11.5.8 South Africa
18.104.22.168 South Africa Green Packaging Market By Raw Material
22.214.171.124 South Africa Green Packaging Market by Packaging Type
126.96.36.199 South Africa Green Packaging Market By Application
11.5.9 Rest of Middle East & Africa
188.8.131.52 Rest of Middle East & Asia Green Packaging Market By Raw Material
184.108.40.206 Rest of Middle East & Asia Green Packaging Market by Packaging Type
220.127.116.11 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
18.104.22.168 Brazil Green Packaging Market By Raw Material
22.214.171.124 Brazil Africa Green Packaging Market by Packaging Type
126.96.36.199 Brazil Green Packaging Market By Application
188.8.131.52 Argentina Green Packaging Market By Raw Material
184.108.40.206 Argentina Green Packaging Market by Packaging Type
220.127.116.11 Argentina Green Packaging Market By Application
11.6.8 Rest of Latin America
18.104.22.168 Rest of Latin America Green Packaging Market By Raw Material
22.214.171.124 Rest of Latin America Green Packaging Market by Packaging Type
126.96.36.199 Rest of Latin America Green Packaging Market By Application
12 Company Profile
12.1 Tetra Laval
12.1.1 Market Overview
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Be Green Packaging
12.2.1 Market Overview
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3.1 Market Overview
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Amcor plc
12.4.1 Market Overview
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Sealed Air
12.5.1 Market Overview
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6.1 Market Overview
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 DS Smith Plc
12.7.1 Market Overview
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Ball Corporation
12.8.1 Market Overview
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Evergreen Packaging LLC
12.9.1 Market Overview
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Nampak Ltd
12.10.1 Market Overview
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
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