Botanical Packaging Market History, Major Manufacturers Performance and Share Analysis By 2024-2031 | Amcor Limited, Ball Corporation, Smurfit Kappa Group

The Botanical Packaging Market is estimated for 2024 for the forecast period of 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Botanical packaging includes packaging materials created from plant-based or organic materials such as wheat straw, bamboo, and sugar cane instead of plastic or synthetic polymers. It is used in foods, cosmetics, and pharmaceuticals industries due to its renewable and biodegradable properties.

Market Dynamics:

The botanical packaging market is expected to gain prominence over the forecast period owing to increasing demand for sustainable and eco-friendly packaging from end-use industries. Consumers are increasingly preferring products packaged in plant-based materials due to rising awareness regarding environment protection. Moreover, various government regulations mandating the use of sustainable packaging are also fueling the market growth. For instance, European Union passed directives to ban single-use plastics by 2025. Additionally, implementation of standards such as EN 13432 by EU further supports use of compostable and biodegradable plant-based packaging materials.

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Top Key Players are Covered in this Report:

★ Amcor Limited
★ Ball Corporation
★ Smurfit Kappa Group
★ Ardagh Group
★ Gerresheimer AG
★ DS Smith Plc
★ Constantia Flexibles Group
★ WestRock Company
★ Uflex Ltd.
★ Mondi Group
★ Bemis Company Inc.
★ Tetra Pak International S.A.
★ SIG Combibloc Group AG
★ Huhtamäki Oyj
★ Crown Holdings Inc.

Market Segmentation:

★ By Product : Paper-based packaging, Cardboard packaging, Biodegradable/compostable materials, Sustainable or recycled materials
★ By Packaging Type: Boxes, Tubes, Pouches, Bags, Jars, Bottles, Cartons
★ By Product Type: Herbal teas, Herbal supplements, Essential oils, Herbal cosmetics, Dried herbs and spices, Herbal extracts
★ By Application: Food and beverages, Pharmaceuticals, Cosmetics and personal care, Nutraceuticals, Aromatherapy
★ By Labeling and Branding: Custom labels, Brand-specific designs, Sustainable packaging certifications, Eco-friendly messaging
★ By Distribution Channel: Retail stores, E-commerce, Specialty stores, Pharmacies and health stores
★ By Size: Small packaging (samples, travel size), Standard packaging, Bulk packaging
★ By Sustainability Features: Recyclability, Compostability, Biodegradability, Renewable materials
★ By Packaging Functionality: Moisture resistance, Airtight/sealed packaging, UV protection, Child-resistant packaging

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Botanical Packaging Market - Drivers and Restraints

Increasing Environmental Concerns about Plastic Usage is Driving Demand for Botanical Packaging

With growing environmental awareness, people are more concerned about excessive plastic usage and its harmful impact on the environment. Plastic packaging creates millions of tons of non-biodegradable waste every year that chokes landfills and rivers. In contrast, botanical packaging is made from renewable plant-based materials like paper, bamboo, sugar cane and leaves that are biodegradable and compostable. Their decomposition does not release toxic chemicals into the land or water. Due to such prominent eco-friendly properties, botanical packaging is increasingly preferred by conscious consumers as well as companies looking to enhance their green and sustainable credentials.

Rise in Demand for Sustainable Luxury Packaging Solutions

Luxury brands aim to craft exquisite packaging for their premium products that creates a pleasant unboxing experience for customers. At the same time, they realize the need to shift to more sustainable options due to growing environmental concerns. Botanical packaging made from natural fibers like bamboo, leaves and coconut provide an elegant and luxurious feel while being eco-friendly. They allow luxury brands to continue indulging customers through innovative yet earth-friendly packaging designs. This is fueling adoption of botanical materials like bamboo and leaves in premium cosmetics, beauty products, spirits, jewelry and apparel packaging.

Higher Production Costs can Restrain Widespread Adoption of Botanical Packaging

While botanical packaging reduces negative environmental impact, its production costs tend to be higher than traditional plastic alternatives. Obtaining raw plant-based materials, processing them into packaging formats and ensuring compostability increases expenses. Manufacturers have to invest more in setting up the required infrastructure, machinery, R&D for developing compostable materials as well as obtaining certifications. The increased costs are eventually passed on to customers making botanical packaging costlier than plastic. This price sensitivity can restrain its mass adoption until costs come down through higher economies of scale and technological advancements.

Botanical Packaging Market - Opportunities

Growing E-commerce Sector Presents Opportunity for Innovative Sustainable Packaging

The booming e-commerce industry has massively increased packaging waste as products are shipped individually. There is a pressing need for e-tailers as well as quick commerce firms to adopt environment-friendly solutions. The properties of botanical materials like paper, bamboo and leaves make them highly suitable for e-commerce packaging applications requiring cushioning, insulation and wrapping. Their plant-based nature provides an opportunity to position them as novel sustainable packaging options on e-commerce platforms. With innovative designs standardized for supply chain needs, botanical packaging can capitalize on the expanding online retail space.

Botanical Packaging Market - Trends

Rise of Zero-waste Lifestyles is Driving the Trend Towards Edible and Compostable Plant-based Packaging

With growing focus on sustainability, people are adopting zero-waste lifestyles that reduce and reuse all resources. This represents a major packaging trend where materials like cardboard, paper, bamboo, coconut leaves and sugarcane used for packaging various food items can serve dual purpose. On completing the product shelf-life, such botanical packaging materials are either edible or can be home-composted instead of throwing them away. Packaging companies are innovating new designs using edible plants which get incorporated into the food being consumed. This bio-packaging approach is minimizing packaging waste and appealing to the rising segment of eco-conscious customers.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Botanical Packaging market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Botanical Packaging market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Botanical Packaging Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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This release was published on openPR.