Zero Waste Packaging Market Trends, Market Demands, Top Manufactures, Industry Growth Analysis and Forecast to 2030

The Global Zero Waste Packaging Market size accounted for USD 1,722 Million in 2021 and is estimated to reach USD 3,591 Million by 2030, with a CAGR of 8.7% from 2022 to 2030.

The rapid shift towards sustainable packaging solutions is a significant zero waste packaging market trend that is boosting the demand all around the world. Since the e-commerce boom, consumers have become increasingly aware of the brands they support and their environmental impact. According to the World Economic Forum Organization, only 9% of the over 300 million tonnes of plastic waste produced has been recycled to date. Plastic packaging accounts for half of all plastic waste produced worldwide, with only about 16% - less than a fifth - being reprocessed and recycled. The same organization states that packaging is as important as the product itself, with over 78 percent of consumers in the United States preferring to buy a product that is clearly labeled "environmentally friendly." Sustainable packaging uses less material, produces less waste, and has a lower environmental impact. As a result, considering all these aspects, a rapid demand is witnessed for sustainable and zero waste packaging solutions.

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Zero Waste Packaging Market Regional Stance

By region, the zero waste packaging market segmentation is made up of North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa. North America dominated the market with the highest market share. The growing demand for sustainable solutions, as well as environmentally progressive initiatives such as the ban on plastics, is expected to drive significant growth in the market. Furthermore, the region is seeing the widespread implementation of technologies such as 3D printing, which is intended to reduce expenses and enhance quality for industry players in the coming future. Meanwhile, the Asia-Pacific zero waste packaging industry is projected to expand at the fastest rate due to many initiatives launched by governments in recent years to promote sustainable packaging.

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Global Zero Waste Packaging Industry Dynamics

Growing government efforts to ban single-use plastic is expected to fuel the market demand. Single-use plastics have been banned in many countries around the world. This is a major concern for the food and beverage industries. According to major beverage industry players, alternatives to single-use plastics are not yet commercially viable. The critical demand for new solutions to an age-old crisis is expected to create significant innovation opportunities for players in the zero waste packaging market.

Plastic use has quadrupled in the last 30 years, owing to rising demand in developing markets. Between 2000 and 2019, global plastics production more than doubled to 460 million tonnes. Plastics are responsible for 3.4% of worldwide greenhouse gas emissions. Global plastic waste generation more than massively increased to 353 million tonnes between 2000 and 2019. Plastics with lifetimes of less than five years account for nearly two-thirds of all plastic waste, with packaging accounting for 40%, consumer goods accounting for 12%, and clothing& textiles accounting for 11%.

Plastic waste is recycled in only 9% of cases. Another 50% is buried, 19% is burned, and 22% escapes waste management systems and ends up in open pits, uncontrolled dumpsites, or aquatic or terrestrial environments, particularly in emerging countries.As a result, drastic changes in packaging solutions will occur quickly in order to save the environment and animals.

Global Zero Waste Packaging Market Scope

The zero waste packaging market is divided into four categories: type, end-user, distribution channel, and geography. The type segment is further categorized into re-usable goods, compostable goods, and edible goods. Among them, the compostable goods segment generated considerable zero waste packaging market revenue in 2021.

By end-user, the market is segregated into food & beverages, personal care, healthcare, and others (industrial, etc.). Out of these, the food & beverage segment held the major zero waste packaging market shares in 2021.

Based on distribution channels, the industry is split into specialty stores, supermarkets/hypermarkets, online channels, and others. Based on our analysis, the supermarkets/hypermarkets segment gathered a significant amount of share in 2021. Meanwhile, the online channel segment has witnessed a substantial growth rate throughout the forecast period driven by factors such as the surging e-commerce industry, and rising demand from the COVID-19 pandemic.

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Zero Waste Packaging Market Rivalry

The leading zero waste packaging companies presented in the report include Aarohana Ecosocial Development, Avani Eco, Biome, GO Box, Lifepack, Loliware, Loop Industries Inc., Package Free, PulpWorks Inc., and World Centric.

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