Sustainable Packaging Market Top Players - 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 has seen widespread adoption across a variety of industries, including food and beverage, fast-moving consumer goods (FMCG), retail, wholesale, and healthcare. This innovative packaging approach has created new avenues for market growth, allowing businesses to explore previously underdeveloped segments. The integration of sustainable packaging across diverse end-use sectors-such as food and beverage, healthcare, cosmetics and personal care, and e-commerce-has been a key driver of market expansion. Demand for both flexible and rigid plastics, as well as corrugated packaging, has increased, partly due to heightened emphasis on hygiene standards.

The food packaging sector, in particular, continues to witness strong demand for environmentally responsible solutions, fueled by consumer preference for sustainable products. Additionally, the growing adoption of sustainable packaging by consumer packaged goods (CPG) companies is expected to further propel the convenience food segment. Sustainable packaging provides multiple advantages, including reduced dependence on fossil fuels, conservation of natural resources, increased use of recyclable materials, energy-efficient production processes, and the promotion of renewable resource utilization.

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 utilization of eco-friendly packaging materials-including recyclable paper and plastics, bioplastics, organic textiles, plant-based biomaterials, and recycled products-is witnessing significant growth due to their environmental advantages. These materials are biodegradable, user-friendly, and provide sustainable alternatives to conventional plastics by minimizing ecological impact.

Furthermore, they are non-reactive with food products, ensuring protection against contamination and external factors. Regulatory measures, particularly within the European Union, are reinforcing this trend. For instance, EU legislation mandates that by 2030 all plastic packaging must be recyclable, with a minimum recycling rate of 55%. Given that currently only around 30% of plastic packaging is collected for recycling, demand for sustainable packaging-especially in the food industry-is expected to rise substantially.

Challenges:
Despite their environmental benefits, sustainable packaging materials face certain ecological and operational challenges. The use of biodegradable and compostable components raises concerns regarding recycling efficiency and overall environmental safety. Guidance issued in 2017 by the Institute of Recycling Industries (ISRI) highlighted that the long-term environmental and human health impacts of biodegradable additives in packaging remain insufficiently understood, creating uncertainties around their widespread application.

Regional Trends:
Europe is projected to maintain a significant share of the sustainable packaging market, demonstrating strong compound annual growth in the coming years. This expansion is driven by increasing demand for environmentally responsible, cost-effective packaging solutions. Key regional players, such as Tetra Pak and Mondi Plc, are investing heavily in research and development to advance bioplastic adoption, further propelling market growth. Concurrently, rising environmental awareness among consumers in Asia-particularly in China, India, Japan, and South Korea-is driving the adoption of sustainable packaging solutions, supporting continued 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.