Green Packaging Market (By Packaging Type: Recycled Content Packaging, Degradable Packaging, Reusable Packaging; By Application: Personal Care, Food & Beverages, Healthcare, Chemical, Shipping, Others; By Material: Paper, Plastic, Metal, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

The global green packaging market size was estimated at US$ 290.32 billion in 2021 and is expected to hit US$ 498.12 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.2% during the forecast period 2022 to 2030.

Growth Factors:

The growing concerns regarding the harmful effects of the single-use plastics on the environment and growing consumer awareness pertaining to the benefits of sustainable packaging are the prominent drivers of the global green packaging market. The extensive usage of the plastic packaging across various end use industries has resulted in the accumulation of huge plastic wastes, which are considered to be one of the major factors of marine pollution across the globe. Therefore, the surging awareness regarding the ill-effects of plastic use and various government regulations pertaining to plastic ban and plastic use is expected to augment the demand for the green packaging around the globe. The surging adoption of the green packaging across different end use verticals such as food & beverages, healthcare, and personal care industries is expected to drive the growth of the green packaging market across the globe during the forecast period. The food and beverages industry is boosting the adoption of the recycled materials and degradable materials that are used for packaging. Various packaging such as single-use plastics, lids, caps, straws, and food trays are being replaced by the compostable substitutes across the food service industry that promotes sustainable packaging, hygiene, and eco-friendly agenda. All these factors are expected to have a positive impact on the growth of the green packaging market in the forthcoming years.

The various top consumer goods market leaders such as Unilever and P&G are shifting towards the sustainable packaging solutions. For instance, Hindustan Unilever has committed to completely shift towards sustainable packaging by 2025. Such initiative by the top market players is expected to drive the growth of the global green packaging market. The fast moving consumer goods industry is one of the major users of the packaging solutions for a huge variety of products. Therefore, the surging adoption of the green packaging among the FMCG industry will have a significant impact on the growth of the demand for the green packaging market. The outbreak of theCOVID-19 pandemic has significantly impacted the market. Despite the COVID-19 pandemic, the global food & beverages industry has witnessed a significant growth. Therefore, this has propelled the consumption of the green packaging in the food and beverages industry. Moreover, the increased awareness regarding the green packaging among the consumers in the developed nations, significantly influences their buying decision. Therefore, sustainability has become a major feature that drives the demand for any product among the consumers. Hence, the global green packaging market is expected to foresee a significant growth in the demand.

Report Scope of the Green Packaging Market

Region Insights

Europe was the leading green packaging market and it garnered a market share of around 37% in 2020. The stringent government regulations pertaining to the use of single-use plastics and increased awareness towards sustainability has fostered the demand for the green packaging across Europe. The government initiatives to promote the adoption of green packaging solutions are a major factor that has driven the growth of the Europe green packaging market.

Asia Pacific is expected to be the fastest-growing market during the forecast period. Asia Pacific is the manufacturing hub of the world. The low cost availability of plastic materials has fostered the adoption of the recycled plastic, recycled paper, and recycled glass packaging across various applications. Moreover, the surging growth of the food and beverages and the FMCG industry in the region is expected to be the most prominent driver of the green packaging market. Moreover, the government regulations regarding the plastic use is driving the adoption of the green packaging solution across Asia Pacific..

Some of the prominent players in the Green Packaging Market include:

• Amcor Limited
• E. I. DuPont de Nemours and Company
• Mondi Limited
• Sealed Air Corporation
• TetraPak International S.A.
• Ardagh Group Co.
• PlastiPak Holdings, Inc.
• Bemis Company, Inc.
• Uflex limited
• ELOPAK AS

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Packaging Type

• Recycled Content Packaging
• Glass
• Paper
• Plastic
• Metal
• Others
• Reusable Packaging
• Plastic Container
• Drums
• Others
• Degradable Packaging

By Application

• Personal Care
• Food & Beverages
• Healthcare
• Chemical
• Shipping
• Others

By Material

• Paper
• Plastic
• Metal
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Green Packaging Market Study:

• Growth of Green Packaging in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Green Packaging and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Green Packaging Consumption Analysis
•  Green Packaging Production Analysis
•  Green Packaging and Management