Green Packaging Market, By Type of Packaging (Recycled Content Packaging, Reusable Packaging, and Degradable Packaging), By Industry (Food, Beverage, Pharmaceutical, Personal Care, and Other Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Trends, Analysis and Forecast till 2034

Report Code: PMI394520 | Publish Date: March 2024 | No. of Pages: 172

Global Green Packaging Market By Overview

Green Packaging Market was valued at USD 304.7 Billion in 2024 and is projected to grow at a CAGR of 4.3% to reach USD 446.3 Billion by 2034.

Green packaging consists of materials and manufacturing methods used for packaging of products or goods that has a low impact on the environment. Green packaging is made from environment-friendly materials such as biodegradable plastics, recycled papers, solid bleach sulfate, recycled products, and plant-based plastics. Green packaging offers a platform for eco-friendly, healthy, and judicious methodology for packaging.

Global Green Packaging Market By Dynamics

Rising initiatives by government bodies

The green packaging market is developing and is projected to show significant growth over the forecast period, owing to factors such as the advent of bioplastic, environmental concerns on sustainable development and administration of stringent rules and policies by regulatory authorities. Additionally, there is an increase in awareness among consumers of luxury goods, toward green packaging techniques that use bioplastics as raw material, across various sectors, including, personal body care, FMCG, and pharmaceutical. For instance, McDonald's, Dunkin Donuts, and Starbucks have promised to phase out materials like plastics and polystyrene in the wake of a global movement against pollution. As of 2016, over 60% of McDonald's fiber-based packaging, worldwide, was obtained from certified or recycled sources. A wide range of oil-based polymer is presently used in non-biodegradable packaging applications. It is difficult to reuse or recycle this kind of material because it can get contaminated. Thus, to overcome the disadvantages of non-biodegradable products, biodegradable plastics were developed from renewable resources. Moreover, green packaging can decrease greenhouse gas emissions effect, due to the reduced reliance on fossil fuels in production and biodegradable nature of the products. Garden waste and land-filled organic food release methane gas that is used as renewable energy and the compost by-product can be used to enhance the quality of soil which will boost the growth of the target market over the forecast period.

However, the high set up cost and high production have refrained businesses to adapt to green packaging. Also, lack of space for storing recycled material and lack of government initiatives, mainly in the developing countries, through subsidies for recycling act as a restraint to the target market growth.

Global Green Packaging Market By Segmentation

The green packaging market is segmented based on the type of packaging, industry, and region.

Based on the type of packaging, the global green packaging market is segmented into recycled content packaging, reusable packaging, and degradable packaging. Based on industry, the target market is classified into food, beverage, pharmaceutical, personal care, and other industries.

Regional Insights:

The green packaging market accounted for US$ 346.5 Billion in 2024 and is estimated to be US$ 670.9 Billion by 2034 and is anticipated to register a CAGR of 6.80%. On region the green packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific green packaging market is estimated to witness fastest growth rate in terms of revenue over the forecast period, due to growing adoption of eco-friendly packaging solutions along with the presence of large customer base in this region. Moreover, growing demand for reusable and recyclable packaging material in developing economies of region namely India and China are projected to drive the target market growth shortly. Increasing focus of government towards the adoption of the environment-friendly packaging material is anticipated to boost demand for the global market over the forecast period.

Green Packaging Market Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 – 2034

Market Segmentation

By Type Of Packaging- Recycled Content Packaging, Reusable Packaging, and Degradable Packaging

By Industry– Food, Beverage, Pharmaceuticals, Personal Care, and Other Industries

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

Green Packaging Market Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global green packaging market report based on type of packaging, industry, and region.

Green Packaging Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Green Packaging Market By Key Players

The key players operating in the green packaging market includes Amcor Limited, Sealed Air Corporation, Mondi Group, Tetra Pak International SA, Winpak Limited, Berry Global Inc., BASF SE, Bemis Company Inc., Huhtumaki Oyj, and DowDuPont.

Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the types to gain a competitive edge in the target market. For instance, in May 2018, Amcor announced the launch of two sustainable packaging innovations that improve efficiency and boost consumer convenience. While Polylnert laminates deliver a huge saving in material use and energy consumption, AluFix Retort Extra’s easy to- peel can-end has a low environmental impact.

Global Green Packaging Market By Company Profile

  • Amcor Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sealed Air Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mondi Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tetra Pak International SA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Winpak Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Berry Global Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bemis Company Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Huhtumaki Oyj
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DowDuPont
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

FAQs

The green packaging market is segmented based on the type of packaging, industry, and region.

Increase in awareness among consumers

Asia Pacific green packaging market is estimated to witness fastest growth rate in terms of revenue over the forecast period, due to growing adoption of eco-friendly packaging solutions along with the presence of large customer base in this region

Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the types to gain a competitive edge in the target market. For instance, in May 2018, Amcor announced the launch of two sustainable packaging innovations that improve efficiency and boost consumer convenience.