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Sustainable Plastic Packaging Gains Momentum And Is Driving Market Growth Across Industries: A Significant Driver Propelling The Sustainable Plastic Packaging Market In 2025
Sustainable Plastic Packaging
What Is the Sustainable Plastic Packaging Market Size and Projected Growth Rate?
The market for sustainable plastic packaging has witnessed a significant expansion in recent times. The market size is projected to rise from $115.62 billion in 2024 to $125.29 billion in 2025, translating into a compound annual growth rate (CAGR) of 8.4%. Advances in this historical phase have been driven by factors such as ecological consciousness, regulatory requirements, consumer needs, goals for corporate sustainability, and cost-effectiveness.
In the coming years, the market size of sustainable plastic packaging is anticipated to experience quick expansion. By 2029, it is projected to reach $187.19 billion, with a compound annual growth rate (CAGR) of 10.6%. The predicted surge in this period can be credited to factors such as the expansion of e-commerce, investment in recycling infrastructure, consumer enlightenment, sustainable packaging advancements, and innovation in eco-friendly materials. Key trends in the forecast period comprise of biodegradable plastics, recyclable packaging, measures to reduce plastic use, innovative materials, and intelligent packaging.
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What Are the Major Segments in the Sustainable Plastic Packaging Market?
The sustainable plastic packaging market covered in this report is segmented -
1) By Packaging Type: Rigid, Flexible, Industrial
2) By Packaging Format: Primary Packaging, Secondary Packaging, Tertiary Packaging
3) By Process: Recyclable, Reusable, Biodegradable
4) By End-Use Sector: Food And Beverage, Personal Care, Healthcare, Other End-Use Sectors
Subsegments:
1) By Rigid: Bottles and Jars, Containers and Tubs, Trays and Boxes
2) By Flexible: Pouches and Bags, Films and Wraps, Laminated Packaging
3) By Industrial: Pallets and Crates, Bulk Containers, Drums and IBCs
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What Are The Driving Sustainable Plastic Packaging Market Evolution?
The surge in the use of sustainable plastic packaging materials across various sectors is expected to spur the expansion of the sustainable plastic packaging industry in the foreseeable future. Numerous industries are gravitating towards and advocating for sustainable plastic for their packaging needs owing to its lightweight, affordability, and recyclability or reusability. For example, the Plastic Packaging Tax (PPT) statistics by the Department HM Revenue & Customs in August 2024 revealed that the taxable component of plastic packaging rose to 42% in 2023-2024, a leap from 41% in 2022-2023. This significant decrease in plastic materials is triggering a demand for sustainable packaging adoption, thus catalyzing the boom of the sustainable plastic packaging market.
Which Firms Dominate The Sustainable Plastic Packaging Market Segments?
Major companies operating in the sustainable plastic packaging market include Amcor Ltd, Sonoco Products Company, Huhtamaki OYJ, WestRock Company, Smurfit Kappa Group PLC, Mondi plc, Tetra Laval International SA., BASF SE, DS Smith Plc, Genpack LLC, E. I. du Pont de Nemours and Company, Sealed Air Corporation, Crown Holdings Inc., Bemis Company Inc., Uflex Ltd., Ardagh Group Holdings S.A., Plastipak Holdings Inc., Elopak AS, Berry Global Group Inc., AptarGroup Inc., Coveris Holdings S.A., Constantia Flexibles Group GmbH, Klöckner Pentaplast Group GmbH & Co. KG, Winpak Ltd., Eco-Products Inc., Vegware Ltd., Biopak Pty Ltd., Sabert Corporation, Novamont S.p.A.
What Trends Are Expected to Dominate the Sustainable Plastic Packaging Market in the Next 5 Years?
Key players in the sustainable plastic packaging market, like polyolefin, have shifted their attention towards creating inventive solutions to reduce the total product weight. Polyolefin, an olefin-monomer derived polymer, is primarily made up of polyethylene (PE) and polypropylene (PP). It's valued for its versatility, durability, and wide industrial applications. For example, in March 2024, Repsol, a Spanish multinational energy corporation, introduced Repsol Reciclex, an eco-friendly polyolefin used in their new lubricant containers. It focuses on the production of polyolefins that integrate recycled materials for packaging purposes. The use of mechanically recycled post-consumer plastic is heavily emphasised in this product line, which considerably lessens the environmental impact of packaging in numerous sectors, particularly lubricants. Repsol Reciclex's increased use of recycled materials fosters the circular economy by helping to reduce waste and decrease carbon footprints. This product line aligns with Repsol's broader sustainability strategies, further proving their commitment to innovation and responsible resource management.
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Which Is The Largest Region In The Sustainable Plastic Packaging Market?
Asia-Pacific was the largest region in the sustainable plastic packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the sustainable plastic 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 Sustainable Plastic Packaging Market?
2. What is the CAGR expected in the Sustainable Plastic Packaging Market?
3. What Are the Key Innovations Transforming the Sustainable Plastic Packaging Industry?
4. Which Region Is Leading the Sustainable Plastic Packaging Market?
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