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Top Factor Driving Plant-Based Food Packaging Market Growth in 2025: Online Shopping Surge Fuels Growth In The Plant-Based Food Packaging Market
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The increasing adoption of online shopping is expected to drive the plant-based food packaging market. Online shopping, which offers the convenience of purchasing goods from home, is growing as consumers seek eco-friendly products. Retailers are adopting plant-based packaging to meet the demand for sustainable options. According to the United States Census Bureau, e-commerce in Q1 2024 rose by 8.5%, indicating a growing trend that is driving the plant-based food packaging market.
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What is the projected compound annual growth rate (CAGR) of the plant-based food packaging market from 2025 to 2034, and what factors influence it?
The plant-based food packaging market has expanded rapidly in recent years. It is projected to rise from $6.39 billion in 2024 to $7.26 billion in 2025, with a CAGR of 13.7%. The growth is driven by growing awareness of environmental issues, a rising demand for sustainable products, a preference for eco-friendly packaging, concerns about plastic waste, and an increasing demand for flexible packaging solutions.
The plant-based food packaging market is projected to grow to $12.01 billion by 2029, with a CAGR of 13.4%. The market growth is driven by growing consumer demand for sustainability, recyclable and biodegradable products, eco-friendly packaging, and concerns about packaging waste in oceans and landfills. Key trends include the adoption of green packaging, high demand for paper and paperboard packaging, smart packaging with freshness monitoring, sustainable packaging practices, and biodegradable and compostable solutions.
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How are the latest trends influencing the growth of the plant-based food packaging market?
Companies in the plant-based food packaging market are advancing sustainable packaging practices to offer biodegradable alternatives to traditional plastic, aiming to reduce waste and environmental impact. For example, in March 2024, Donovan Bros Ltd., a UK-based company, launched mushroom-based packaging made from agricultural waste and mycelium. This eco-friendly and compostable solution offers flexibility and a unique unboxing experience for various food products.
What are the major segments of the plant-based food packaging market and their role in driving growth?
The plant-based food packaging market covered in this report is segmented -
1) By Packaging Type: Paper Based, Biodegradable And Compostable Packaging, Recyclable Plastic Packaging
2) By Material: Bioplastics, Mycelium, Bagasse, Starch Based, Paper
3) By Packaging Formats: Flexible Packaging, Stand-Up Pouches, Flat Bottom Bags, Flow Wraps, Rigid Packaging, Trays, Containers, Bottles
Subsegments:
1) By Paper-Based: Kraft Paper Packaging, Coated Paperboard Packaging, Molded Pulp Packaging, Paper Bags And Pouches, Paper Cups And Containers
2) By Biodegradable And Compostable Packaging: PLA (Polylactic Acid) Packaging, PHA (Polyhydroxyalkanoates) Packaging, Starch-Based Packaging, Mushroom Packaging, Cellulose-Based Packaging, Bagasse Packaging (Sugarcane Pulp)
3) By Recyclable Plastic Packaging: PET (Polyethylene Terephthalate) Packaging, HDPE (High-Density Polyethylene) Packaging, PP (Polypropylene) Packaging, LDPE (Low-Density Polyethylene) Packaging, RPET (Recycled PET) Packaging
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Which regions are key players in the growth of the plant-based food packaging market?
Europe was the largest region in the plant-based food packaging market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the plant-based food packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the plant-based food packaging market?
Major companies operating in the plant-based food packaging market are Amcor plc, WestRock Company, International Paper, Tetra Pak International S.A., DuPont, Stora Enso, Sealed Air, Huhtamaki, Mondi Group, Cascades Inc., Glatfelter Corporation, Genpak, Nordic Paper, Danimer Scientific, Good Natured Products Inc., Vegware, Sulapac Oy, Be Green Packaging, BioPak, TIPA LTD, WorldCentric.com, Sabert Corporation, Ecologic
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What Is Covered In The Plant-Based Food Packaging Global Market Report?
•Market Size Forecast: Examine the plant-based food packaging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the plant-based food packaging market for a structured understanding.
•Key Players Overview: Analyze major players in the plant-based food packaging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the plant-based food packaging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the plant-based food packaging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the plant-based food packaging market.
•Industry Challenges: Identify potential risks and obstacles affecting the plant-based food packaging market.
•Competitive Landscape: Review strategic developments in the plant-based food packaging market, including expansions, agreements, and new product launches.
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