Green Packaging Market Size, Share & Analysis Report, 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
|
Report Coverage |
Details |
|
Market Size by 2030 |
USD 498.12 Billion |
|
Growth Rate from 2022 to 2030 |
CAGR of 6.2% |
|
Base Year |
2021 |
|
Largest Market |
Europe |
|
Fastest Growing Market |
Asia Pacific |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Packaging Type, Application, Material, Geography |
|
Companies Mentioned |
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 |
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:
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
By Application
By Material
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Green Packaging Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Green Packaging Market
5.1. COVID-19 Landscape: Green Packaging Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Green Packaging Market, By Packaging Type
8.1. Green Packaging Market, by Packaging Type, 2017-2030
8.1.1. Recycled Content Packaging
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Reusable Packaging
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Degradable Packaging
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Green Packaging Market, By Application
9.1. Green Packaging Market, by Application, 2017-2030
9.1.1. Personal Care
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Food & Beverages
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Healthcare
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Chemical
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Shipping
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Green Packaging Market, By Material
10.1. Green Packaging Market, by Material, 2017-2030
10.1.1. Paper
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Plastic
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Metal
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Green Packaging Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.1.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.3. Market Revenue and Forecast, by Material (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Material (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Material (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.2.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.3. Market Revenue and Forecast, by Material (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Material (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Material (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Material (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Material (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.3.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.3. Market Revenue and Forecast, by Material (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Material (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Material (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Material (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Material (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.3. Market Revenue and Forecast, by Material (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Material (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Material (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Material (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Material (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.3. Market Revenue and Forecast, by Material (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Material (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Packaging Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Material (2017-2030)
Chapter 12. Company Profiles
12.1. Amcor Limited
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. E. I. DuPont de Nemours and Company
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mondi Limited
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Sealed Air Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. TetraPak International S.A.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Ardagh Group Co.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. PlastiPak Holdings, Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Bemis Company, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Uflex limited
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. ELOPAK AS
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers