Press release
Global Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market to Record An Exponential CAGR By 2030.
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According to the latest research by InsightAce Analytic, the global sustainable, biodegradable, and eco-friendly packaging providers market is expected to grow rapidly with a CAGR of 24.2% during a forecast period. By region, Europe dominated the market with a share of 56.2% in 2020.
Biodegradable plastics are safe for the environment as compared to traditional plastics, as they decompose naturally in the environment. Quickly degradable materials consume less energy, many packaging industries & investors show interest in sustainable, eco-friendly packaging technologies. Eco-friendly packaging solutions include ways that limit the amount of waste and emissions generated in the manufacturing process.
High demand for green and eco-friendly packaging solutions, rising effects toward reducing the usages of non-degradable materials, growing uses of sustainable packaging for food & beverage products, new eco-friendly technologies, focus on minimizing greenhouse effects, increasing support from the government to develop sustainable & biodegradable packaging products, surging production activities are estimated to offer market growth opportunities in the upcoming future. As demand for sustainable products increases, packaging industries look for access to recycled material and packaging design expertise to retain their businesses in this market. As a result, the production of recycled plastic material increases and creates a range of opportunities for market players operating in the sustainable, biodegradable, and eco-friendly packaging providers market.
However, the high cost of recycling products and various environmental safety issues related to the packaging solutions is anticipated to hamper the market size during the forecast period.
Geographically, the Asia Pacific region ranks second in this market in terms of revenue shares. The high demand for eco-friendly packaging options and increasing investments in packaging technologies drive the market in this region.
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Major market players operating in the sustainable, biodegradable, and eco-friendly packaging providers market include Amcor (Switzerland), Huhtamaki (Finland), Berry Global (US), DS Smith (UK), SGD Pharma (France), Gerresheimer (Maharashtra), PGP Glass Pvt. Ltd. (Maharashtra), Smurfit Kappa (Ireland) among others.
Recent collaborations and agreements in the market:
• In November 2021, Berry Global Group, Inc. (US) partnered with PureCycle. This partnership will provide Berry with PureCycle’s Ultra-Pure Recycled (UPR) advanced recycled resin. It is the latest agreement in a growing list of advanced recycling material sourcing announcements from Berry.
• In July 2021, Amcor (Switzerland), the packaging leader, collaborated with world-leading compostable packaging producer, TIPA, to bring compostable packaging to Australia & New Zealand (ANZ). Under this collaboration, Amcor will locally manufacture, supply, and distribute their trademarked and certified compostable solutions in ANZ.
• In April 2021, Amcor (Switzerland) partnered with Nestlé to develop & deliver recyclable paper packaging solutions.
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Market Segments
Global Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Eco-Friendly Packaging Attributes, 2020-2030 (Value US$ Mn)
• Biodegradable Materials
• Recyclable Materials
• Reusable Materials
Global Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Type of Packaging, 2020-2030 (Value US$ Mn)
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging
Global Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Type of Packaging Container, 2020-2030 (Value US$ Mn)
• Ampoules
• Bottles
• Cartridges
• Syringes
• Vials
Global Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by End-Users, 2020-2030 (Value US$ Mn)
• Biotech
• Pharmaceutical
• Research Institutes and Others
Global Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Region, 2020-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Country, 2020-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Country, 2020-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Country, 2020-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Country, 2020-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market, by Country, 2020-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global sustainable, biodegradable and eco-friendly packaging providers market
To receive an industry overview and future trends in the sustainable, biodegradable, and eco-friendly packaging providers market
To analyze the sustainable, biodegradable and eco-friendly packaging providers market drivers and challenges
To get information on the sustainable, biodegradable and eco-friendly packaging providers market value (US$ Mn) and forecast to 2030
Significant investments, mergers & acquisitions in the sustainable, biodegradable and eco-friendly packaging providers market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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