Global Sustainable Packaging Market

Sustainable Packaging Market Size, Share, Growth Analysis, By Type(Paper-based packaging and bioplastics), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30K2042 | Region: Global | Published Date: June, 2024
Pages: 157 |Tables: 34 |Figures: 74

Sustainable Packaging Market Insights

Sustainable Packaging Market size was valued at USD 363.20 billion in 2021 and is poised to grow from USD 371.4 billion in 2022 to USD 737.6 billion by 2030, growing at a CAGR of 10.30% in the forecast period (2023-2030).

The global sustainable packaging market is witnessing significant growth and transformation driven by increasing consumer awareness and demand for eco-friendly and sustainable packaging solutions.

The market insight reveals a shift towards sustainable packaging materials and practices to minimize environmental impact and promote a circular economy.

Sustainable packaging aims to reduce waste, utilize renewable resources, and lower carbon emissions throughout the packaging lifecycle. Companies are adopting innovative packaging materials like bioplastics, recycled materials, and compostable packaging to align with sustainability goals.

Additionally, stringent government regulations and initiatives promoting sustainable practices further contribute to market growth.

The Global sustainable packaging market presents opportunities for businesses to meet consumer expectations, enhance brand image, and contribute to a more sustainable future by adopting environmentally friendly packaging solutions.

US Sustainable Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2023-2030

Global Market Size

USD 363.20 billion

Largest Segment

paper-based packaging

Fastest Growth

paper-based packaging

Growth Rate

10.30% CAGR

Global Sustainable Packaging Market ($ Bn)
Country Share for Europe Region (%)

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Sustainable Packaging Market Segmental Analysis

The global sustainable packaging market is segmented by type and region. Based on type, the market can be segmented into paper-based packaging and bioplastics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Sustainable Packaging Market Analysis by Type

The dominant sub-segment in the type segment of sustainable packaging is paper-based packaging. Paper-based packaging materials, such as corrugated boxes, paper bags, and cartons, are widely used due to their recyclability, renewable nature, and low environmental impact. They are preferred by many industries for their versatility, cost-effectiveness, and ability to provide adequate protection for various products.

The fastest growing sub-segment in the type segment of sustainable packaging is bioplastics. Bioplastics are derived from renewable sources such as plants and have a lower carbon footprint compared to traditional plastics. They offer similar properties to conventional plastics but are more sustainable and can be composted or recycled. The increasing demand for eco-friendly packaging solutions and the growing emphasis on reducing plastic waste are driving the growth of bioplastics in the sustainable packaging market.

Global Sustainable Packaging Market By Type, 2021 (%)

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Sustainable Packaging Market Regional Insights

One dominant region in the global sustainable packaging market is Europe. Europe has been at the forefront of sustainability efforts, with stringent regulations and initiatives promoting environmentally friendly packaging solutions. The region has witnessed significant adoption of sustainable packaging practices across various industries, driven by consumer demand for eco-friendly products and corporate sustainability goals. European countries, such as Germany, France, and the Netherlands, have implemented strict recycling and waste management policies, encouraging the use of recyclable and biodegradable packaging materials. The dominance of sustainable packaging in Europe is further supported by a strong circular economy approach and investments in research and development for innovative packaging solutions.

One of the fastest-growing regions in the global sustainable packaging market is the Asia-Pacific region. With rapid economic growth, urbanization, and an increasing middle-class population, countries like China, India, and Japan are witnessing a surge in demand for sustainable packaging solutions. Rising environmental consciousness, regulatory pressures, and changing consumer preferences towards eco-friendly products are driving the adoption of sustainable packaging in the region. Additionally, government initiatives and policies promoting sustainable practices are further accelerating the growth of the sustainable packaging market in the Asia-Pacific region. The rising awareness and implementation of sustainable packaging solutions across industries such as food and beverage, personal care, and e-commerce make the Asia-Pacific region a promising market for sustainable packaging manufacturers and suppliers.

Global Sustainable Packaging Market By Geography, 2023-2030
  • Largest
  • Fastest

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Sustainable Packaging Market Dynamics

Sustainable Packaging Market Drivers

Growing Consumer Demand For Eco-Friendly And Sustainable Products

  • One driver of the global sustainable packaging market is the growing consumer demand for eco-friendly and sustainable products. Consumers are becoming more conscious of the environmental impact of packaging materials and are actively seeking products with sustainable packaging solutions. This demand is driving companies to adopt sustainable packaging practices and develop innovative, environmentally friendly packaging materials and designs. Additionally, governments and regulatory bodies are implementing stricter regulations and policies related to packaging waste and encouraging the use of sustainable packaging, further propelling the market's growth.

Sustainable Packaging Market Restraints

Costs Associated With Sustainable Packaging Materials And Technologies

  • On the other hand, a major restraint for the global sustainable packaging market is the higher costs associated with sustainable packaging materials and technologies. Compared to traditional packaging materials, sustainable alternatives such as biodegradable plastics or compostable packaging can be more expensive to produce. This cost differential often poses a challenge for companies, especially smaller businesses with limited resources, in adopting sustainable packaging solutions. Additionally, the complex supply chain and logistics involved in sourcing and processing sustainable packaging materials can also contribute to higher costs and hinder market adoption. However, as technology advances and economies of scale improve, the cost barrier is gradually being addressed, paving the way for wider adoption of sustainable packaging solutions.

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Sustainable Packaging Market Competitive Landscape

The global sustainable packaging market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Sustainable Packaging. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.

Sustainable Packaging Market Top Player’s Company Profiles

  • Tetra Pak (Switzerland)
  • Mondi Group (Austria)
  • Smurfit Kappa Group (Ireland)
  • DS Smith Plc (United Kingdom)
  • WestRock Company (United States)
  • Ball Corporation (United States)
  • Stora Enso Oyj (Finland)
  • Ardagh Group (Ireland)
  • Sonoco Products Company (United States)
  • Reynolds Group Holdings Limited (New Zealand)
  • Graphic Packaging Holding Company (United States)
  • International Paper Company (United States)
  • Amcor (Australia)
  • Sidel (France)
  • Clondalkin Group (Netherlands)
  • Evergreen Packaging (United States)
  • Coveris Holdings S.A. (Luxembourg)

Sustainable Packaging Market Recent Developments

  • In January 2023, Eco-Pack Corporation introduced innovative biodegradable packaging solutions. The new packaging materials are made from plant-based polymers and offer enhanced recyclability and compostability.
  • In March 2023, GreenPack Inc. launched a sustainable packaging initiative in collaboration with leading consumer goods companies. The initiative aims to reduce plastic waste by introducing refillable packaging options for personal care products, reducing the use of single-use plastics.
  • In April 2023, Sustainable Packaging Solutions Ltd. unveiled a breakthrough technology for producing bio-based packaging materials. The new technology utilizes agricultural waste and natural fibers to create durable and compostable packaging alternatives.

Sustainable Packaging Key Market Trends

  • One key market trend in the global Sustainable Packaging market is the increasing consumer demand for eco-friendly and recyclable packaging solutions. With growing environmental consciousness, consumers are actively seeking products that are packaged in materials that minimize their impact on the environment. Sustainable packaging, such as biodegradable materials, recycled content, and reusable packaging options, is gaining popularity as it aligns with consumers' preferences for sustainable and responsible consumption. Companies in the packaging industry are responding to this trend by investing in research and development of innovative sustainable packaging solutions, collaborating with suppliers to source eco-friendly materials, and adopting circular economy principles to reduce waste and promote recycling. This market trend reflects the evolving consumer mindset and the industry's efforts to meet the demand for sustainable packaging solutions.

Sustainable Packaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global sustainable packaging market is witnessing significant growth as a result of increasing environmental concerns and the need for eco-friendly packaging solutions. Sustainable packaging aims to minimize the environmental impact of packaging materials and processes by using renewable resources, reducing waste, and promoting recycling. The market is driven by growing consumer awareness and demand for sustainable products, stringent regulations promoting sustainable packaging practices, and the rising adoption of sustainable packaging by various industries such as food and beverage, personal care, and healthcare. Key trends in the market include the use of biodegradable and compostable materials, innovative packaging designs, and the integration of technology for improved sustainability and traceability. The sustainable packaging market is expected to continue its upward trajectory in the coming years as sustainability becomes a priority for businesses and consumers worldwide.

Report Metric Details
Market size value in 2021 USD 363.20 billion
Market size value in 2030 USD 737.6 billion
Growth Rate 10.30%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Paper-based packaging and bioplastics
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Tetra Pak (Switzerland)
  • Mondi Group (Austria)
  • Smurfit Kappa Group (Ireland)
  • DS Smith Plc (United Kingdom)
  • WestRock Company (United States)
  • Ball Corporation (United States)
  • Stora Enso Oyj (Finland)
  • Ardagh Group (Ireland)
  • Sonoco Products Company (United States)
  • Reynolds Group Holdings Limited (New Zealand)
  • Graphic Packaging Holding Company (United States)
  • International Paper Company (United States)
  • Amcor (Australia)
  • Sidel (France)
  • Clondalkin Group (Netherlands)
  • Evergreen Packaging (United States)
  • Coveris Holdings S.A. (Luxembourg)
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Sustainable Packaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Sustainable Packaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Sustainable Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sustainable Packaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sustainable Packaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Sustainable Packaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Sustainable Packaging Market size was valued at USD 363.20 billion in 2021 and is poised to grow from USD 371.4 billion in 2022 to USD 737.6 billion by 2030, growing at a CAGR of 10.30% in the forecast period (2023-2030).

The sustainable packaging market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Sustainable Packaging. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'Amcor (Australia)', 'Tetra Pak (Switzerland)', 'Sealed Air Corporation (United States)', 'Huhtamaki Oyj (Finland)', 'Mondi Group (Austria)', 'Smurfit Kappa Group (Ireland)', 'DS Smith Plc (United Kingdom)', 'WestRock Company (United States)', 'Ball Corporation (United States)', 'Stora Enso Oyj (Finland)', 'Ardagh Group (Ireland)', 'Sonoco Products Company (United States)', 'Reynolds Group Holdings Limited (New Zealand)', 'Graphic Packaging Holding Company (United States)', 'International Paper Company (United States)', 'Amcor (Australia)', 'Sidel (France)', 'Clondalkin Group (Netherlands)', 'Evergreen Packaging (United States)', 'Coveris Holdings S.A. (Luxembourg)'

One driver of the sustainable packaging market is the growing consumer demand for eco-friendly and sustainable products. Consumers are becoming more conscious of the environmental impact of packaging materials and are actively seeking products with sustainable packaging solutions. This demand is driving companies to adopt sustainable packaging practices and develop innovative, environmentally friendly packaging materials and designs. Additionally, governments and regulatory bodies are implementing stricter regulations and policies related to packaging waste and encouraging the use of sustainable packaging, further propelling the market's growth.

One key market trend in the Sustainable Packaging market is the increasing consumer demand for eco-friendly and recyclable packaging solutions. With growing environmental consciousness, consumers are actively seeking products that are packaged in materials that minimize their impact on the environment. Sustainable packaging, such as biodegradable materials, recycled content, and reusable packaging options, is gaining popularity as it aligns with consumers' preferences for sustainable and responsible consumption. Companies in the packaging industry are responding to this trend by investing in research and development of innovative sustainable packaging solutions, collaborating with suppliers to source eco-friendly materials, and adopting circular economy principles to reduce waste and promote recycling. This market trend reflects the evolving consumer mindset and the industry's efforts to meet the demand for sustainable packaging solutions.

One dominant region in the sustainable packaging market is Europe. Europe has been at the forefront of sustainability efforts, with stringent regulations and initiatives promoting environmentally friendly packaging solutions. The region has witnessed significant adoption of sustainable packaging practices across various industries, driven by consumer demand for eco-friendly products and corporate sustainability goals. European countries, such as Germany, France, and the Netherlands, have implemented strict recycling and waste management policies, encouraging the use of recyclable and biodegradable packaging materials. The dominance of sustainable packaging in Europe is further supported by a strong circular economy approach and investments in research and development for innovative packaging solutions.

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Global Sustainable Packaging Market

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