Green Packaging Market Size, Analysis, Share & Forecast 2031

Green Packaging Market Size, Analysis, Share & Forecast 2031

Segments - Global Green Packaging Market by Packaging Types (Degradable Packaging, Recycled Content Packaging [Glass, Materials, Metal, Paper, and Plastic], and Reusable Packaging [Intermediate Bulk Containers, Reusable Drum Packaging, Plastic Container Packaging, and Other Reusable Packaging Materials]), Applications (Health Care, Food & Beverage, Pharmaceutical, Personal Care, Shipping, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-4233 | 4.2 Rating | 75 Reviews | 176 Pages | Format : PDF Excel PPT

Report Description


The global green packaging market size is expected to register a robust CAGR during the forecast period, between 2021 and 2028. Green packaging, also known as sustainable packaging, lessens the adverse environmental impact of packaging by minimizing the consumption of energy. Green packing solutions, as opposed to products like Styrofoam and plastic, use recyclable and biodegradable materials. It manufactures a variety of products using biodegradable and plant-based plastics, as well as recycled molded packaging and used polyethylene bags.

Green packaging also lowers power consumption and the number of greenhouse gases emitted. Green packaging has a reduced carbon footprint than traditional synthetic packaging, which benefits both environmental and human sustainability in the coming years. Green packaging necessitates solutions for reducing pollution and waste generated during the production process.

Green Packaging Market Outlook

  • Introduction of bio plastics, environmental concerns about sustainable development, and regulatory bodies enforcing tough policies and laws are expected to drive the market.
  • Rising customer demand for more durable and ecologically friendly wrapping materials boosts the market.
  • The reduction of the greenhouse effect as a result of less reliance on fossil fuels to generate biodegradable products propels the market.
  • The company's trend toward materials with excellent resistance to heat, moisture, and friction that can be easily recycled is likely to fuel the market.
  • Volume of solid trash generated is insufficient to match the recycling capacity, limiting the market growth.
  • Fluctuating raw material prices and environmental issues hampering the demand for green packaging solutions.
  • New product releases and emerging packaging technologies present perfect opportunities for the growing market.

Scope of Green Packaging Market Report

The report on the green packaging market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Green Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Packaging Types (Degradable Packaging, Recycled Content Packaging [Glass, Materials, Metal, Paper, and Plastic], and Reusable Packaging [Intermediate Bulk Containers, Reusable Drum Packaging, Plastic Container Packaging, and Other Reusable Packaging Materials]), Applications (Health Care, Food & Beverage, Pharmaceutical, Personal Care, Shipping, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

Amcor Limited; PlastiPak Holdings, Inc.; Ardagh Group Co.; Sealed Air Corporation; Catalyst Paper; TetraPak International S.A.; Uflex limited; Ball Corporation; Cascades Inc.; and ELOPAK AS

 

Green Packaging Market Segment Insights

Based on packaging types, the green packaging market can be segregated into degradable packaging, recycled content packaging, and reusable packaging. The recycled content packaging can be further classified into glass, materials, metal, paper, and plastic. Furthermore, the reusable packaging can be categorized into intermediate bulk containers, reusable drum packaging, plastic container packaging, and other reusable packaging materials. The recycled content packaging segment is projected to hold significant market share.

Increased processing and collecting capability, combined with increased usage of recycled content wrapping by companies seeking to demonstrate environmental sustainability and differentiate their products, would boost recycled content wrapping. Efforts by packaging firms, industry groups, brand owners, and others to promote sustainability programs aimed at increasing recycling rates of different types of materials will benefit the segment's growth.

On the basis of applications, the market can be fragmented into health care, food & beverage, pharmaceutical, personal care, shipping, and others. The food & beverage segment is anticipated to account for a substantial share, due to its portability, long life cycle, and ease of manufacture, convenience food is driving the demand for food and beverage packaging. Frozen foods, finger foods, snacks, beverages, and other goods are examples of convenience foods. Food products are typically supplied in hot, ready-to-go containers and need less preparation time.

Consumers' hurried lifestyles, along with senior population, have resulted in a significant consumption of convenience food. With the growing popularity of green packaging, many restaurants, packaged food firms, fast food chains, and casual dining establishments are implementing biodegradable packaging and molded pulp packaging, which is expected to fuel the food and beverages segment.

Green Packaging Market Applications

In terms of regions, the green packaging market can be categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market, owing to the high population density, there is an increasing consumption of convenience foods and beverages. Furthermore, the growing emphasis on sustainable packaging solutions by green packaging makers in India, China, South Korea, and Japan as a result of rising consumer environmental awareness is expected to enhance the market. South-East Asia has an abundance of raw materials for the production of cartons, boxes, bags, and other packaging equipment. This is also predicted to have a positive impact on the market.

Green Packaging Market Region

Segments

Packaging Types

  • Degradable Packaging
  • Recycled Content Packaging
    • Glass
    • Materials
    • Metal
    • Paper
    • Plastic
  • Reusable Packaging
    • Intermediate Bulk Containers
    • Reusable Drum Packaging
    • Plastic Container Packaging
    • Other Reusable Packaging Materials

Applications

  • Health Care
  • Food & Beverage
  • Pharmaceutical
  • Personal Care
  • Shipping
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Amcor Limited
  • PlastiPak Holdings, Inc.
  • Ardagh Group Co.
  • Sealed Air Corporation
  • Catalyst Paper
  • TetraPak International S.A.
  • Uflex limited
  • Ball Corporation
  • Cascades Inc.
  • ELOPAK AS

Competitive Landscape

Key players in the green packaging include Amcor Limited; PlastiPak Holdings, Inc.; Ardagh Group Co.; Sealed Air Corporation; Catalyst Paper; TetraPak International S.A.; Uflex limited; Ball Corporation; Cascades Inc.; and ELOPAK AS. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Green Packaging Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Green Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Green Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Green Packaging Market - Supply Chain
  4.5. Global Green Packaging Market Forecast
     4.5.1. Green Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Green Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Green Packaging Market Absolute $ Opportunity
5. Global Green Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Green Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Green Packaging Demand Share Forecast, 2019-2026
6. North America Green Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Green Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Green Packaging Demand Share Forecast, 2019-2026
7. Latin America Green Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Green Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Green Packaging Demand Share Forecast, 2019-2026
8. Europe Green Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Green Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Green Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Green Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Green Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Green Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Green Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Green Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Green Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Green Packaging Market: Market Share Analysis
  11.2. Green Packaging Distributors and Customers
  11.3. Green Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Amcor Limited
     11.4.2. PlastiPak Holdings, Inc.
     11.4.3. Ardagh Group Co.
     11.4.4. Sealed Air Corporation
     11.4.5. Catalyst Paper
     11.4.6. TetraPak International S.A.
     11.4.7. Uflex limited

Methodology

Our Clients

Siemens Healthcare
General Electric
General Mills
Deloitte
Pfizer
Dassault Aviation
sinopec
Microsoft