Sustainable Packaging Market, By Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), By Material (Paper & Paperboard, Glass, Metal, Plastic), By Process (Degradable Packaging, Recycled Packaging, Reusable Packaging), By Application (Personal Care, food & Beverages, Pharmaceuticals and others) and Region - Forecast To 2023
Sustainable Packaging Market Research Report - Global Forecast To 2023
1. Sustainable Packaging Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
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Sustainable Packaging Market Research Report - Forecast to 2023
Packaging materials are some of the most ubiquitous and easily recognizable items people use. Packaging includes plastic
bottles, metal cans, corrugated cardboard boxes and many more materials. Production and disposal of these materials is
crucial in making economic and environmentally conscious decisions. With the constantly aggravating global pollution and
climate change, the need for a fast switch to sustainable materials, resources and technologies, is growing.
Packaged food & beverages, and personal care companies are demanding eco-friendly packaging materials that are also
visually appealing to consumers. This has pushed vendors to introduce innovative products and the use new technologies in
their manufacturing. They are looking for high-performing packaging options that permit them to retain low manufacturing
costs. Despite growing consumer preference for sustainable packaging, designing with the aim to minimize environmental
impact remains a real challenge. Additionally, numerous companies continue to compromise with their packaging.
Encouraging the shift in packaging construction towards more lightweight or efficient materials, helps companies save
money while decreasing the amount of waste generated.
According to the study, demand for eco-friendly and sustainable packaging materials by consumers is on the rise. Hence,
vendors are largely focusing on developing materials that can be recycled and have the traditional capabilities of resistance
to friction, moisture, and heat. According to the report, one of the major drivers of the market is the demand for bio plastic
packaging. Bio plastic packaging products are considered more sustainable than conventional plastic packaging products
because they consume less energy and natural resources, generate lower carbon emissions, and are lightweight in nature.
Moreover, growing consumer awareness and government regulations, are anticipated to propel the industry growth over
the forecast period. However, fluctuating raw material prices and the high cost of production may hinder the industry’s
growth over the forecast period.
Sustainable Packaging Market, By Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), By
Material (Paper & Paperboard, Glass, Metal, Plastic), By Process (Degradable Packaging, Recycled
Packaging, Reusable Packaging), By Application (Personal Care, food & Beverages, Pharmaceuticals and
others) and Region - Forecast To 2023
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Sustainable Packaging Market Research Report - Forecast to 2023
Sustainable packaging is a form of packaging that utilizes manufacturing methods or materials that have a low impact on
the environment. In addition, several players are also focused on developing niche products in the market. Rapid growth of
this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, and
Asia Pacific. Sustainable packaging is developing as an important industry because of the problems faced due to pollution
generated by packaging, especially in the developing countries. Major developments in sustainable packaging techniques in
Asian countries are considered, and the present and forecast market size of the industry is provided.
Sustainable packaging involves the use of manufacturing methods and materials for packaging of goods that have a low
impact on the environment and energy consumption. Green or sustainable packaging uses environment-sensitive methods,
including energy efficiency, recyclable and biodegradable materials, and reusability. Retailers and consumer packaged goods
companies have devoted more attention towards developing sustainable products, mainly in response to customers’
evolving expectations. By application, food and beverage is the largest application segment and is expected to continue
dominating the market in the future. The material is gaining popularity among industries such as food & beverage,
healthcare, and personal care, owing to the growing environment concerns and the increasing need for reducing the use of
toxic materials.
Global sustainable packaging market is anticipated to flourish at ~7% CAGR, over the forecast period.
The report for Global Sustainable Packaging Market of Market Research Future comprises of extensive primary research
along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion
leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current
market scenario which includes historical and projected market size in terms of value and volume, technological
advancement, macro economical and governing factors in the market. The report provides details information and
strategies of the top key players in the industry. The report also gives a broad study of the different market segments and
regions.
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Sustainable Packaging Market Research Report - Forecast to 2023
In terms of geographical distribution, the global sustainable packaging market is studied for five major regions namely,
North America, Europe, Asia Pacific, and RoW. The Asia Pacific market is anticipated to be the fastest growing market over
the forecast period, owing to the presence of the large consumer base and the increasing focus on the adoption of eco-
friendly solutions, by the government. Moreover, growing demand for reusable and recyclable materials in developing
economies, such as China and India, are expected to boost the industry growth over the forecast period. Moreover, strict
governmental policies for the safety of environment coupled with availability of incentives and support from the
government is one of the major factors behind the growth of sustainable packaging market. Further, innovative sustainable
packaging products are also believed to flourish the growth of sustainable packaging market. However, high cost of raw
materials used for making sustainable packaging such as bio-based monomers, liquid biofuels is expected to hinder the
growth of the sustainable packaging market globally.
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Regional Analysis
Key Players
The key players of global sustainable packaging market includes Amcor Limited (Australia), Silgan Holdings Inc.( U.S.), Bemis
Company Inc.( U.S.), Sonoco Products Company (U.S.), Mondi plc.( Austria), The Dow Chemical Company(U.S.), Stora Enso
Oyj(Finland), BASF SE (Germany), Genpak, LLC(North Carolina), DS Smith Plc.( U.K.), and Smurfit Kappa Group Plc.(Dublin)
and others.
