PUBLISHER: Grand View Research | PRODUCT CODE: 1575235
PUBLISHER: Grand View Research | PRODUCT CODE: 1575235
The global plantable packaging market size was estimated at USD 129.23 million in 2023 and is projected to grow at a CAGR of 12.1% from 2024 to 2030. The global market is gaining momentum due to increasing consumer demand for eco-friendly and sustainable packaging solutions.
The first to introduce plantable packaging was the company Pangea Organics under the slogan "Coming from the earth and going back to it." They collaborated with Seeds of Change, the largest US producer of organic seeds, and UFP Technologies and launched a series of body- and skin-care products packaged in a 100% compostable molded fiber box. The box needs no glues and dies and consists of 100% post-consumer paper board.
With rising environmental concerns and stringent regulations on plastic waste, plantable packaging provides an innovative solution that not only reduces waste but also contributes to environmental restoration. These packaging materials embedded with seeds decompose in the soil, allowing the seeds to germinate. This dual functionality appeals to environmentally conscious consumers and companies looking to enhance their green credentials.
Product launches are driving market demand as companies strive to capitalize on this emerging trend. For example, Plantable Paper, a Canada-based company, launched plantable seed packaging for various products, ranging from stationery to cosmetics. Similarly, in the UK, Little Green Paper Shop introduced plantable gift-wrapping paper, making strides in sustainable packaging. The food and beverage sector is another key adopter, with brands like Pangaia using plantable packaging for their clothing, which can grow flowers or herbs when planted.
There is a growing opportunity for plantable packaging across various sectors, such as cosmetics, pharmaceuticals, and even industrial goods. With a strong push toward circular economy practices, plantable packaging represents a promising opportunity for sustainable innovation. Increasing government support, consumer preference for biodegradable materials, and advancements in packaging technology further accelerate its adoption.
Global Plantable Packaging Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global plantable packaging market report based on material, type, application, and region: