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In-Depth Analysis of the Environmentally Friendly Packaging Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Environmentally Friendly Packaging Market Size
The rise in environmental awareness among consumers is anticipated to fuel the expansion of the market for eco-friendly packaging. Global citizens are becoming increasingly conscious of environmental contamination and its severe climate impacts. The act of customers purchasing eco-friendly packaging results in a reduction of plastic consumption. To exemplify, the National Cancer Institute (NCI), a government agency based in the United States, reported in 2022 that nearly 20 million new instances of cancer were detected, leading to around 9.7 million deaths linked to the disease. This is expected to increase by 2040, with predictions showing 29.9 million new cancer cases and 15.3 million cancer-related deaths. Consequently, this heightened environmental consciousness among customers is stimulating the expansion of the environmentally friendly packaging market.
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What Is the projected market size and growth rate for the environmentally friendly packaging market?
There has been a significant expansion in the size of the eco-friendly packaging market in recent years. Its growth is predicted to increase from $244.17 billion in 2024 to $260.72 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period can be linked to increased awareness among consumers about environmental implications, government rules, principles of circular economy, shifting consumer preferences, and a surge in the healthcare sector.
In the coming years, substantial progress is anticipated for the market size of eco-friendly packaging. By 2029, it is estimated to multiply to $359.49 billion, with a CAGR of 8.4%. The forecast period's growth is linked to factors such as the flourishment of the FMCG sector, escalation of the food industry, the extension of e-commerce, the thriving electronics industry, and an increase in disposable income. Significant trends likely to shape the forecast period encompass plant-oriented and biodegradable materials, minimalist packaging, intelligent packing, featherweight packaging, as well transparency and eco-labelling.
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What new trends are reshaping the environmentally friendly packaging market and its opportunities?
Product innovation is a growing trend in the eco-friendly packaging industry. Companies in the sector are launching new items to improve their market standing, including PET containers crafted from post-consumer recycled (PCR) resin. For example, in December 2022, Singha Corporation Co. Ltd., a beverage company from Thailand, introduced a fully biodegradable packaging. The company's objective is to curtail plastic waste by two million items annually, achieving a similar decrease in greenhouse gas emissions of roughly 30,930 kilograms of carbon dioxide equivalent (kgco2e) each year.
What major market segments define the scope and growth of the environmentally friendly packaging market?
The environmentally friendly packaging market covered in this report is segmented -
1) By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
2) By Product Type: Bags, Pouches and Sachets, Boxes, Containers, Films, Trays, Tubes, Bottles and Jars, Cans, Other product types
3) By Material Type: Paper and Paper Board, Plastic, Metal, Glass, Starch-Based Materials, Other materials
4) By Technique: Active Packaging, Molded Packaging, Alternate Fiber Packaging, Other techniques
5) By Layer: Primary Packaging, Secondary Packaging, Tertiary Packaging
Subsegments:
1) By Recycled Content Packaging: Post-Consumer Recycled (PCR) Packaging, Post-Industrial Recycled (PIR) Packaging, Bio-based Recycled Packaging, Reusable Packaging
2) By Reusable Packaging: Rigid Reusable Packaging, Flexible Reusable Packaging, Bulk Reusable Packaging, Degradable Packaging
3) By Degradable Packaging: Biodegradable Packaging, Compostable Packaging, Oxo-Degradable Packaging
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Which region dominates the environmentally friendly packaging market?
Western Europe was the largest region in the environmentally friendly packing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the environmentally friendly packing market during the forecast period. The regions covered in the environmentally friendly packaging market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the environmentally friendly packaging industry growth?
Major companies operating in the environmentally friendly packaging market include Amcor plc, Tetra Laval International SA, Mondi Group, BASF SE, ELOPAK Group, E. I. du Pont de Nemours and Company (DuPont), Ardagh Group S.A., Ball Corporation, Crown Holdings Inc., DS Smith plc, Emerald Packaging Inc., Nampak Limited, Plastipak Holdings Inc., Sealed Air Corporation, Smurfit Kappa Group plc, Sonoco Products Company, WestRock Company, Uflex Limited, Huhtamaki Oyj, Constantia Flexibles Group GmbH, Innovia Films Limited, Winpak Ltd., Biopak Pty Ltd., Vegware Ltd., Eco-Products Inc., Stora Enso Oyj, Evergreen Packaging LLC, International Paper Company
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What Is Covered In The Environmentally Friendly Packaging Global Market Report?
•Market Size Forecast: Examine the environmentally friendly packaging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the environmentally friendly packaging market for a structured understanding.
•Key Players Overview: Analyze major players in the environmentally friendly packaging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the environmentally friendly packaging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the environmentally friendly packaging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the environmentally friendly packaging market.
•Industry Challenges: Identify potential risks and obstacles affecting the environmentally friendly packaging market.
•Competitive Landscape: Review strategic developments in the environmentally friendly packaging market, including expansions, agreements, and new product launches.
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