Press release
Eco-Friendly Food Packaging Market Size Projected To Reach $408.44 Billion By 2034 With A Cagr Of 10.5%
Eco-Friendly Food Packaging
What Is the Projected Growth of the Eco-Friendly Food Packaging Market?
The market size for eco-friendly food packaging has seen substantial growth in the past few years. The market is projected to intensify from $252.19 billion in 2024 to $274.21 billion in 2025, displaying a compound annual growth rate (CAGR) of 8.7%. The heightened growth witnessed in the historic period is largely due to an enhanced sense of environmental consciousness and commitments towards sustainability, government imposition and prohibitions on single-use plastics, a surge in consumer inclination towards eco-friendly items, initiatives by corporations towards sustainability, and efforts to decrease carbon footprints.
Rapid expansion is forecasted for the eco-friendly food packaging market in the coming years, with its value predicted to reach $408.44 billion in 2029, representing a compound annual growth rate (CAGR) of 10.5%. The anticipated growth during the projection period is a result of the emphasis on recycling and the circular economy, sustainability in the supply chain, improved efficiency and cost savings, advancement of brand image and marketing, and the rise of home delivery and e-commerce packaging solutions. The notable trends in the projection period include the development of biodegradable and compostable packaging, the introduction of smart, active packaging for food safety, collaborations along the value chain of the food industry, and the implementation of repurposed and recycled materials.
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What Are the Different Eco-Friendly Food Packaging Market Segments?
The eco-friendly food packaging market covered in this report is segmented -
1) By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
2) By Material: Paper And Paperboard, Metal, Glass, Plastic, Other Materials
3) By Technique: Active Packaging, Molded Packaging, Multipurpose Packaging, Alternate Fiber Packaging
4) By Application: Food And Beverages, Bakery And Confectionery, Dairy Products, Meat Products, Fruits And Vegetables, Convenience Food, Other Applications
Subsegments:
1) By Recycled Content Packaging: Recycled Paper and Cardboard Packaging, Recycled Plastic Packaging, Recycled Glass Packaging
2) By Reusable Packaging: Reusable Containers, Reusable Bags, Reusable Wraps (e.g., beeswax wraps)
3) By Degradable Packaging: Biodegradable Plastics, Compostable Packaging, Oxo-degradable Packaging
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What Are the Primary Drivers Shaping the Eco-Friendly Food Packaging Market?
Rising knowledge among consumers regarding the negative impacts of using plastic items for food packaging is fueling the expansion of the eco-friendly food packaging industry. The extensive application of non-degradable, single-use plastic packaging products negatively impacts the environment. Plastic requires hundreds of years to break down in a dump, and its presence in the environment for such a lengthy period can cause extensive damage to plants, animals, and humans. For example, the World Economic Forum report highlights that countries including Germany and Austria are leading in waste recycling, with rates of 56% and 52%, respectively. Furthermore, other countries like Wales have established ambitious recycling objectives, with the aim to achieve zero waste by 2050. Similarly, the EU is contemplating setting a new target of at least 65% by 2030. As a result, the rising consumer awareness about the dangers of using plastic items for food packaging is projected to stimulate the development of the eco-friendly food packaging industry in the forthcoming years.
Which Companies Are Leading in the Eco-Friendly Food Packaging Market?
Major companies operating in the eco-friendly food packaging market include Amcor plc, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak International SA, BASF SE, Huhtamaki Oyj, Smurfit Kappa Group, Sonoco Products Co., Pactiv Evergeen Inc., European License Of PURE-PAK, Winpak Ltd., Printpak Holdings Inc, PaperFoam BV, Be Green Packaging, DS Smith plc, DuPont de Nemours & Company, Crown Holdings Inc., Ardagh Group Company, Uflex Limited, Graphic Packaging, Vegware Ltd., LimeLoop, Notpla Ltd., EcoEnclose LLC, Genpak LLC, Biopak Pty Ltd., Stora Enso Oyj, International Paper Company, Novamont S.p.A., NatureWorks LLC, Tetra Laval, Berry Global Inc., Reynolds Group Holdings Limited, BioMass Packaging, Sabert Corporation, World Centric
What Are the Major Trends Shaping the Eco-Friendly Food Packaging Market?
The surge in technological innovation is a prevailing trend in the eco-friendly food packaging market. The leading participants in the market are focusing on the development of novel technologies to transition towards greener food packaging methods, in an effort to lower environmental damage and prevent plastic from filling up landfills and oceans. A case in point is HuhtamäkiOyj, a consumer packaging firm based in Finland, which in October 2022, unveiled a uniquely recyclable ice cream packaging solution utilizing paper-based technology. This packaging solution makes use of 95% renewable bio-based material, made possible by a water-based barrier coating and paperboard that holds SFI certification. This breakthrough aids in curbing packaging expenses, waste, and environmental contamination.
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What Are the Top Revenue-Generating Geographies in the Eco-Friendly Food Packaging Market?
North America was the largest region in the eco-friendly food packaging market in 2024. The regions covered in the eco-friendly food packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Eco-Friendly Food Packaging Market?
2. What is the CAGR expected in the Eco-Friendly Food Packaging Market?
3. What Are the Key Innovations Transforming the Eco-Friendly Food Packaging Industry?
4. Which Region Is Leading the Eco-Friendly Food Packaging Market?
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