Press release
Sustainable Packaging Market Outlook 2030 : Expansion in Food & Beverage Sector Boost Growth- TMR Report
Sustainable Packaging market is estimated to attain a valuation of US$ 396.2 Bn by the end of 2030, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.8% during the forecast period, 2023-2030
The Sustainable Packaging market represents an essential segment within the broader packaging industry, emphasizing environmentally friendly materials and practices to reduce environmental impact throughout the packaging lifecycle.
The Sustainable Packaging market has witnessed significant growth due to heightened environmental awareness and shifting consumer preferences towards eco-friendly products. Manufacturers in this sector prioritize materials and processes that minimize environmental impact, focusing on recyclable, biodegradable, or compostable packaging solutions.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9314
Industry Key Driving Trends
Key trends driving the Sustainable Packaging market include innovative material development, such as bioplastics derived from renewable resources, recycled content in packaging, and the reduction of single-use plastics. Brands are increasingly adopting packaging designs that facilitate recycling and reusability, thereby aligning with circular economy principles.
Innovative Material Development
A significant trend shaping the Sustainable Packaging market involves pioneering material development, particularly the rise of bioplastics derived from renewable resources. Manufacturers are investing in research and development to create packaging materials sourced from plant-based feedstocks, agricultural by-products, or other renewable sources. Bioplastics offer an eco-friendly alternative to traditional plastics, as they are biodegradable, compostable, and reduce dependency on fossil fuels. Additionally, the integration of recycled content in packaging materials further enhances sustainability by reducing waste and minimizing the environmental impact of packaging production.
Reduction of Single-Use Plastics
Another pivotal trend revolves around a concerted effort to reduce single-use plastics. Brands are actively seeking alternatives to traditional single-use plastic packaging, aiming to minimize their environmental footprint. This trend includes a shift towards reusable packaging, the introduction of refillable containers, and the elimination of unnecessary packaging components. Companies across various industries are exploring innovative packaging solutions that prioritize durability, functionality, and recyclability while minimizing the use of single-use plastics.
Adoption of Circular Economy Principles
A noteworthy trend in the Sustainable Packaging market involves the adoption of circular economy principles within packaging designs. Brands are increasingly embracing packaging designs that prioritize recyclability and reusability. By adopting designs that facilitate easy recycling or repurposing, companies contribute to the circular economy by reducing waste and conserving resources. This includes the use of materials that align with existing recycling infrastructure and designs that allow for multiple life cycles of packaging materials, minimizing environmental impact throughout their lifecycle.
Innovations and Future Prospects
Ongoing innovations in Sustainable Packaging focus on enhancing packaging functionality while reducing environmental footprint. This includes advancements in bio-based materials, compostable packaging, and the use of technology to optimize packaging designs for reduced waste. Future prospects highlight the integration of smart packaging solutions, incorporating technology like sensors to extend shelf life and reduce food waste.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=9314
Competitor Analysis:
The significant players operating in the global Sustainable Packaging market are
Sonoco Products Company
Amcor plc
Gerresheimer AG
Smurfit Kappa
Ball Corporation
Ardagh Group S.A.
Crown Holding, Inc.
WestRock Company
DS Smith
Mondi
International Paper
Berry Global
Printpack
Sealed Air
Stora Enso Oyj
Georgia-Pacific
Huhtamaki
Genpak, LLC
Tetra Pak International S.A.
Billerud
Albea S.A.
HCP Packaging
Market Segmentation -
Material Type
Paper & Paperboard
Coated Unbleached
Bleached Paperboard
Molded Fiber Pulp
Corrugated Board
Plastic
PLA
PHB
PBS
Starch-based Plastic
PHA
Others (PCL)
Metal (Aluminium)
Others (Fabric, Glass)
Packaging Type
Trays
Bags
Boxes
Bottles & Jars
Films
Pouches & Sachets
Drums
IBC
Others
End-use
Food
Bakery & Confectionery
Dairy Products
Meat & Poultry
Others (Snacks, Dips, etc.)
Beverages
Alcoholic Beverages
Non-alcoholic Beverages
Automobile & Electronics
Chemicals
Pharmaceuticals
Agriculture
Cosmetics & Personal Care
Others
This Report lets you identify the opportunities in Sustainable Packaging Market by means of a region:
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
๐๐ง๐ฒ ๐๐ฎ๐๐ซ๐ฒ? ๐๐ฌ๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=9314
Reasons to Buy The Sustainable Packaging Market Report: -
1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
2.Reports provide opportunities and threats faced by suppliers in the Sustainable Packaging industry around the world.
The report shows regions and sectors with the fastest growth potential.
3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
5.This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
Personalized Packaging Market-ย https://www.globenewswire.com/news-release/2023/12/18/2797853/32656/en/Personalized-Packaging-Market-to-Attain-a-Valuation-of-USD-56-7-billion-by-2031-Transparency-Market-Research-Study.html
Postal Packaging Market- https://www.globenewswire.com/en/news-release/2023/09/25/2748528/32656/en/Postal-Packaging-Market-to-Reach-US-20-1-Billion-by-2031-Expanding-at-a-CAGR-of-5-5-TMR-Report.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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