Eco-friendly Food Packaging Market is estimated to be 249.5 Billion by 2025 with a CAGR of 7.4% during the forecasted period.

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Published Date: April 2023

Stringent government rules, downsizing and technological advancements in the packaging industry for the manufacturing of packaging using non-petroleum products are boosting the market for eco-friendly food packaging. Moreover, innovative products such as water-soluble packaging and edible packaging are also driving the market for the eco-friendly food packaging market.

The eco-friendly food packaging market accounted for US$ 174.7 billion in 2020 and is estimated to be 249.5 billion by 2025 and is anticipated to register a CAGR of 7.5%.

The report. "Global Eco-friendly Food Packaging Market, By Type (Recycled Content Packaging, Degradable Packaging, and Reusable Packaging), By Application (Food, Bakery & Confectionery, Convenience Food, Meat, Fish, & Poultry, Fruits & Vegetables, Dairy Products, and Other Food Products), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

Om January 2020, Sealed Air Corporation, the original inventor of BUBBLE WRAP, has developed a new version of BUBBLE WRAP brand packaging material that is made with at least 90 percent recycled content.
In October 2019, Ball Corporation started a new aluminum cups manufacturing plant in Georgia. The company established the plant to meet the growing demand for innovative, eco-friendly beverage packaging for US customers and other consumers.
May 22nd, 2019, Uflex, a leading printing ink manufacturing company, got the Excellence in Sustainable Packaging award for its sustainable pharma packaging at the 4th annual India Packaging Awards that was held by UBM India.

Analyst View:

Government initiatives toward eco-friendly packaging

Consumer awareness and stringent government rules about the hazards of using single-use plastic products for food packaging are driving the growth of the eco-friendly food packaging market across the globe. Regulations for single-use plastics are very harsh in the European region. The European region is projected to account significant opportunities for industry expansion, due to favorable government policies adopted by the European Union in stimulating use of eco-friendly food packaging and creating a sustainable environment. Moreover, application of the Horizon 2020 strategy by European Commission has resulted in expanding development of new bio-based products, which is anticipated to have a positive impact on the eco-friendly food packaging market.

Key trends driving growth of the target market

Growth in solid municipal waste, companies are moving toward substitutes, such as starch, seaweed, aluminum cans, paper & paperboards, and other reusable and recyclable products for their food & beverage products. Recycling and reusing of products decreases the generation of waste. Additionally, degradable materials are degraded by micro-organisms present in the soil without destroying nature. Therefore, there demand for such products is high in the global market. Increasing recycling and waste recovery, downsizing or light weighting, rising use of recycled content, growing use of renewably sourced materials, and improvements in packaging and logistical efficiency are some of the key industry trends for the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Eco-friendly Food Packaging Market”, By Type (Recycled Content Packaging, Degradable Packaging, and Reusable Packaging), By Application (Food, Bakery & Confectionery, Convenience Food, Meat, Fish, & Poultry, Fruits & Vegetables, Dairy Products, and Other Food Products), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global eco-friendly food packaging market accounted for US$ 174.7 billion in 2020 and is estimated to be 249.5 billion by 2025 and is anticipated to register a CAGR of 7.5%. The market report has been segmented on the basis of product type, application, and region.

By type, the recycled content packaging segment is growing significantly in the global market due to rising urbanization. Additionally, the manufacturing process of recycled content packaging is tremendously productive and supports in reducing the detrimental impact of factories in the environment. This is anticipated to increase the recycled segment in the coming years.
By application, the food segment estimates for highest share in 2019, acquiring approximately 70% of the global market. Consumers adopt convenience food solutions owing to lack of time. The expectations of hygiene, food quality, and increasing health awareness are propelling the eco-friendly packaging market in the food sector.
By region, the eco-friendly food packaging market in Asia Pacific is estimated to register the largest growth owing to increasing demand for convenience foods because of busy lifestyles of consumers. Stringent laws and regulations undertaken by governments and governing bodies, as well as a shift in consumer preferences toward eco-friendly and recyclable packaging materials is also driving growth of the target market in this region.

Competitive Landscape:

The prominent player operating in the global eco-friendly food packaging market includes Bemis Company, Inc., Amcor Limited, Mondi Plc, Sealed Air Corporation , Ball Corporation , Tetra Laval International S.A., BASF SE, Mondi Plc., WestRock Company, and Sonoco Products Company.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period