Sustainable Plastic Packaging Market to Hit USD 137.17 billion, Size, Share, Trends, Challenges, Global Opportunities till 2029 - Bemis Company Inc., Amcor Limited, Mondi, WestRock Company

The global market for Sustainable Plastic Packaging estimated at USD 84 billion in 2022, is projected to reach a revised size of USD 137.17 billion by 2029 registering a compounded annual growth rate (CAGR) of 5.6% over the period 2023-2029.

The latest report titled Sustainable Plastic Packaging Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Sustainable Plastic Packaging market.

The report describes the profile of the top manufacturers of the global Sustainable Plastic Packaging market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.

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Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Sustainable Plastic Packaging market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Sustainable Plastic Packaging market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Sustainable Plastic Packaging market is Bemis Company Inc., Amcor Limited, Mondi, WestRock Company, Tetra Laval International SA., Sonoco Products Company, BASF SE, Sealed Air, Smurfit Kappa, Gerresheimer AG, Huhtamaki, Ardagh Group S.A., BALL CORPORATION, DS Smith, Crown Holdings, Berry Global and others.

Sustainable Packaging Market Competitor Analysis

The global sustainable packaging market is highly fragmented. Some key players are Amcor Limited, TetraPak International SA, WestRock Compan, Smurfit Kappa Group PLC, and Sonoco Products Company.
In April 2022, WestRock Company announced a partnership with Recipe Unlimited to implement a series of recyclable paperboard packages aimed at diverting 31 million plastic containers from landfills across Canada each year. The package started appearing in Swiss Chalet restaurants in October 2021 and is available at all locations.
In April 2022, Sealed Air announced a collaboration on an advanced recycling initiative that will focus on recycling flexible plastics from the food supply chain and remaking them into new certified circular food-grade packaging.

Sustainable Plastic Packaging Market Segmentation:

Sustainable Plastic Packaging Market by Type, 2023-2029, (USD Billion), (Kilotons)

Rigid

Flexible

Industrial

Sustainable Plastic Packaging Market by Process, 2023-2029, (USD Billion), (Kilotons)

Recyclable

Reusable

Biodegradable

Sustainable Plastic Packaging Market by End-Users, 2023-2029, (USD Billion), (Kilotons)

Food & Beverages

Personal Care

Healthcare

Others

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Regional Framework

The Sustainable Plastic Packaging Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Sustainable Plastic Packaging market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.

⇨ North America (United States, Canada, and Mexico)

⇨ Europe (Germany, France, UK, Russia, and Italy)

⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

⇨ South America (Brazil, Argentina, Colombia, etc.)

⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Expansion in Food & Beverage Sector Fueling Sustainable Packaging Market Development

Green packaging, also known as sustainable packaging, has many advantages, including reduced reliance on fossil fuels, minimal resource usage, and reduced energy use. Due to these benefits, the food and beverage industry has begun implementing eco-friendly food packaging techniques in an effort to lower its greenhouse gas emissions.

Ready-to-eat and packaged food items are in great demand as a result of busy lives and an increase in the working population. This is thus expected to fuel market growth for sustainable packaging throughout the forecast period.

Rise in Adoption of Recyclable Materials

For the creation of sustainable packaging solutions, major suppliers are using recyclable materials. Leading brewery Carlsberg Group announced in June 2022 the creation of a new fibre bottle with a PEF polymer liner made from plants. Similar to this, EcoVantage paper created from recycled fibres is offered by Mondi, a world leader in eco-friendly packaging. The paper has an attractive look, great strength, and printability. As a result, market statistics are being driven by a rise in the use of recyclable materials and eco-friendly goods.

This Report Also Includes:

» Sustainable Plastic Packaging Market Insights methodology

» Tactics and suggestions for new entrants

» Segmentation analysis

» Economic indices

» Companies' strategic developments

» Sustainable Plastic Packaging Market growth drivers and restraints

» Selected illustrations of the market penetrations and trends

Crucial insights in Sustainable Plastic Packaging research report:

Underlying macro- and microeconomic factors impacting the Sales of Sustainable Plastic Packaging.
Basic overview of the Sustainable Plastic Packaging, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Sustainable Plastic Packaging across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.

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The Study Objectives are:

✔ An in-depth look at the key players in the Sustainable Plastic Packaging market, as well as the data that goes with them.

✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.

✔ Regional analysis, which includes information on the dominant Sustainable Plastic Packaging market and its share of the market.

✔ It also includes various socioeconomic factors that influence the market's evolution in the region.

✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.

Key questions answered in the report:
✦ What is the Sustainable Plastic Packaging market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Sustainable Plastic Packaging Market in the coming years?
✦ What are the most significant challenges that the global Sustainable Plastic Packaging Markets may face in the future?
✦ What are the top companies in the global Sustainable Plastic Packaging market?
✦ What are the main trends that are positively impacting the market's growth?

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