Sustainable Packaging Market: Greening the Future of Responsible Consumption 2029

Sustainable Packaging Market Report Scope:

Encompassing a wide range, our report explores diverse segments, including material types, packaging types, and end-users. From market trends to competitive analysis, the report addresses crucial aspects vital for informed decision-making. This expansive scope ensures that readers gain a comprehensive view of the sustainable packaging market, empowering them to strategize effectively.

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The Global Sustainable Packaging market size reached USD 281.42 Bn in 2022 and is expected to reach USD 406.66 Bn by 2029, growing at a CAGR of 5.4 % during the forecast period.

Sustainable Packaging Market Research Methodology:

To ensure accuracy and reliability, our research methodology combines both primary and secondary research, data triangulation, and validation processes. This transparent approach guarantees stakeholders trustworthy insights, enabling them to navigate the complexities of the sustainable packaging landscape confidently.

What are Sustainable Packaging Market Dynamics:

The report delves into key drivers influencing the sustainable packaging market, highlighting the surge in global focus on eco-sustainable packaging. With over 50% of the world's population residing in urban areas, the consequential rise in waste production presents opportunities for sustainable packaging. Government authorities and end-users alike are increasingly aware of the need for environmentally friendly packaging solutions, fueling market growth.

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Sustainable Packaging Market Regional Insights:

The report provides detailed regional insights, with Europe emerging as a major contributor to revenue. The European sustainable packaging market experiences rapid growth, driven by increasing consumer demand for environmentally friendly solutions and government regulations promoting sustainability. North America, with a mature packaging industry, demonstrates a growing awareness of the need for sustainable packaging solutions, driven by regulations, consumer preferences, and corporate sustainability initiatives.

What is Sustainable Packaging Market Segmentation:

by Material Type

1. Paper and Paperboard
2. Plastics
1. Biodegradable
2. Bio-based
3. Aluminum
4.Others

In 2022, the paper and paperboard segment had the highest revenue share of 21.2%, determined by Material Type. An encouraging trend that indicates a rising understanding of the need for sustainable packaging solutions is the increasing demand for sustainable paper and paperboard materials for the import and export of packaging products. It is anticipated to increase in the upcoming years as a move towards a more sustainable future. Paper and paperboard are sustainable packing materials that Amazon has promised to use for its shipments. The company has implemented several eco-friendly packaging programmes, such as switching to paper-based cushioning materials in place of plastic ones and employing corrugated boxes with a high percentage of recycled content.

by Packaging Type

1. Rigid Packaging
2. Flexible Packaging

According to packaging type, the segment with rigid packaging held a significant market share of approximately 18.2% in 2022 and is anticipated to continue doing so throughout the projected period. A lot of businesses are making rigid packaging goods with sustainable materials.

Coca-Cola has put in place a number of sustainable packaging measures, such as the use of plant-based polymers and recycled content, and has pledged to making all of its packaging 100% recyclable by 2025. For its Dasani water brand, the business has unveiled a sustainable plastic container composed entirely of recycled PET plastic. For rigid packaging applications, this is anticipated to accelerate the growth of the Sustainable Packaging market.

by End User

1. Pharmaceutical and Healthcare
2. Cosmetics and Personal Care
3. Food and Beverage
4. Other End Users

The food and beverage segment held a notable market share of approximately 56.3% in 2022, and it is anticipated to continue growing during the forecast period, according to the End User. Many businesses are employing recycled plastics in their packaging, either by developing new packaging solutions that are composed completely of recycled materials or by adding recycled content to their current packaging. The food and beverage industry is also seeing an increase in the use of reusable packaging. Reusable packaging options, such refilling receptacles or packaging that can be sent back to the manufacturer for further use, are being investigated by certain businesses.

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Who are Sustainable Packaging Market Key Players:

1. Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
19. Genpak,LLC
20. Tetra Pak InternationalS.A.

Table of content for the Sustainable Packaging Market includes:

Global Sustainable Packaging Market : Research Methodology
Global Sustainable Packaging Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Sustainable Packaging Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Development

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Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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