PUBLISHER: Grand View Research | PRODUCT CODE: 1611063
PUBLISHER: Grand View Research | PRODUCT CODE: 1611063
The global green packaging market size is estimated to reach USD 503.43 billion by 2030, registering a CAGR of 6.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. This market growth is attributed to the increasing application of sustainable packaging in various industries such as healthcare, food & beverage, personal care, and others.
Green packaging solutions are made of eco-friendly and sustainable materials, including paper, bioplastics, and other materials, to reduce the carbon footprints and landfill waste caused by traditional packaging solutions such as plastic packaging. These sustainable solutions are degradable in nature and do not add to the waste in landfills. Rising environmental concerns among companies and consumers are further driving the market demand.
The green packaging industry, based on packaging type, is further categorized into recycled content packaging, reusable packaging, and degradable packaging type. These packaging solutions are gaining popularity in the market due to their beneficial properties such as usability and cost-effectiveness. Recycled content packaging makes use of paper, plastic, glass, metal, and other materials. Plastic recycled content packaging is widely used in the form of pouches or bottles for food & beverage, personal care, and other industries.
Industry players are adopting several strategies, including partnerships, expansions, mergers & acquisitions, joint ventures, and agreements, to increase the customer base and individual market share. For instance, in October 2022, Ball Corporation announced an expansion in its product portfolio by adding two different sizes of recycled aluminum cups to cater to the food & beverage industries.