According to a research survey conducted by ChemView Consulting, in 2022, the Global Green Packaging Market was worth US$ 2,87,200.0 Mn and is expected to grow at a CAGR of 5.5% over the forecast period. The market is expected to hit US$ 4,40,700.0 Mn by 2032 end.
The market for green packaging is expanding due to factors including the widespread consumer awareness of environmental safety and the advantages of green packaging. The regulatory authorities’ encouraging manufacturers to use eco-friendly substitutes will also help the green packaging market development throughout the projected period.
Green packaging can lower greenhouse gas emissions because it utilizes fewer fossil fuels during manufacture and because the materials are naturally biodegradable. Organic food and garden waste dumped in the ground emits methane gas, which is utilized as a renewable energy source. The compost byproduct is used to improve soil quality, which will contribute to the expansion of the green packaging industry.
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Segments Covered in Report
By Packaging Type:
- Recycled Content Packaging
- Paper
- Plastic
- Metal
- Glass
- Others
- Reusable Packaging
- Drum
- Plastic Container
- Others
- Degradable Packaging
By Application:
- Food & Beverages
- Personal Care
- Healthcare
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways
- Based on packaging type, with 61.0% of the total revenue earned by applications in the green packaging market, food & beverage packaging was the industry’s top revenue producer. Packaging for FMCG products, dairy products, drinks, and other items is included in this sector.
- Based on application, the market’s largest green packaging market share was held by packaging made from recycled content packaging materials. Packaging made from recycled materials makes greater use of green technologies and resources. It comprises various materials, including glass, paper, plastic, and metal.
- Based on region, the Asia Pacific would dominate the green packaging market throughout the projected period, with a market share of 0%. The market would develop more rapidly due to factors including rapid population growth and rising disposable incomes in emerging economies like China and India and many manufacturers working in this area’s food and beverage sector.
Competition Summary
Key companies covered in the market study are Amcor, Be Green Packaging, DS Smith, DuPont, Evergreen Packaging, Mondi, Nampak, Ball Corp, Sealed Air, and Tetra Laval.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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