Sustainable Packaging Market Top Companies Study - Amcor Limited, Bemis Company, Inc., Tetra Laval International S.A., Mondi Plc.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Sustainable Packaging Market Size, Share & Trends Analysis Report By Material (Paper & Paperboard, Plastic, Metal, Glass), Process (Recycled, Reusable, Degradable), Function (Active, Molded Pulp, Alternate Fiber), Application (Food & Beverage, Healthcare, Others) & Layer (primary, secondary, and tertiary)- Market Outlook And Industry Analysis 2034"

The global Sustainable Packaging Market is estimated to reach over 833.31 billion by the year 2034, exhibiting a CAGR of 7.9% during the forecast period.

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Sustainable packaging is extensively adopted across multiple industries, with notable applications in sectors such as food and beverage, fast-moving consumer goods (FMCG), retail, wholesale, and healthcare. This innovative approach to packaging has created new growth opportunities, enabling entrepreneurs to explore previously underdeveloped areas within the market. The integration of sustainable packaging across diverse end-use industries-including food and beverage, healthcare, cosmetics and personal care, and e-commerce-has been a significant contributor to market expansion. Demand for flexible and rigid plastics, as well as corrugated packaging, has risen, driven in part by increased emphasis on hygiene standards.

In particular, the food packaging sector continues to experience strong demand for sustainable solutions, supported by consumer preference for environmentally responsible products. Furthermore, the growing adoption of sustainable packaging by consumer packaged goods (CPG) companies is anticipated to further accelerate the convenience food segment. Sustainable packaging offers multiple benefits, such as reducing reliance on fossil fuels, conserving natural resources, increasing the use of recyclable materials, enabling energy-efficient manufacturing, and promoting the utilization of renewable resources.

List of Prominent Players in the Sustainable Packaging Market:
• Amcor Limited
• Ardagh Group S.A.
• Ball Corporation
• BASF SE
• Bemis Company, Inc.
• Crown Holdings Incorporated
• DS Smith PLC
• Elopak AS
• Emerald Packaging
• Huhtamaki OYJ
• Mondi Group
• Nampak Ltd
• PlastiPak Holdings Inc
• Sealed Air Corporation
• Sgf packaging Co. Ltd
• Smurfit Kappa Group Plc.
• Sonoco Products Company
• Tetra Pak International S.A.
• Westrock Company

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Market Dynamics:
Drivers:
The adoption of green packaging materials-including recyclable paper and plastics, bioplastics, organic fabrics, plant-based biomaterials, and recycled products-is experiencing significant growth owing to their environmental advantages. These materials are user-friendly, biodegradable, and serve as sustainable alternatives to conventional plastics by minimizing environmental impact. Additionally, they exhibit non-reactivity with food products, ensuring protection against contamination and external influences. The European Union has enacted stringent regulations targeting packaging and packaging waste, mandating that by 2030 all plastic packaging must be recyclable, with a minimum recycling rate of 55%. Given that only about 30% of plastic packaging is currently collected for recycling, there is a growing demand for sustainable packaging solutions, particularly within the food industry.

Challenges:
Despite the ecological benefits, sustainable packaging faces several environmental challenges. The use of biodegradable and compostable materials raises concerns regarding recycling efficiency and environmental safety. In 2017, the Institute Recycling Industries (ISRI) issued guidance addressing the application of biodegradable additives in packaging, highlighting that the potential environmental and human health impacts of these compounds remain inadequately understood, thereby presenting uncertainties about their long-term effects.

Regional Trends:
Europe's sustainable packaging market is projected to secure a substantial revenue share and exhibit robust compound annual growth in the coming years. This expansion is propelled by rising demand for eco-friendly, cost-effective packaging materials. Leading European firms, including Tetra Pak and Mondi Plc, are intensifying research and development initiatives to advance bioplastic adoption, further accelerating regional market growth. Concurrently, heightened environmental awareness among consumers in Asia-particularly in China, India, Japan, and South Korea-is driving increased emphasis on sustainable packaging solutions, which is expected to support market expansion across these markets.

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Recent Developments:
• In July 2021, Mondi and converter FioriniInternational cooperated to create a novel paper packaging alternative for Antico PastificioUmbro, an Italian luxury pasta product maker. When applied to all pasta products, the new 100% recyclable packaging could reduce the amount of plastic used by up to 20 tonnes per year.

Segmentation of Sustainable Packaging Market-
By Material-
• Paper & paperboard
• Plastic
• Metal
• Glass
By Layer-
• Primary
• Secondary
• Tertiary
By Process
• Recycled content packaging
• Reusable packaging
• Degradable packaging
By Function
• Active packaging
• Molded pulp packaging
• Alternate fiber packaging
By Application
• Food & beverage packaging
• Healthcare packaging
• Personal care packaging
• Others (Electronic Appliances and Home Care Packaging)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.