Sustainable Packaging Market by Material, Function, Packaging Type, Industry

Description

List of Tables

[194 Pages Report] The Sustainable Packaging Market size was estimated at USD 529.75 billion in 2023 and expected to reach USD 561.11 billion in 2024, at a CAGR 6.43% to reach USD 819.58 billion by 2030.

Sustainable packaging refers to the development and use of packaging solutions that have minimal environmental impact and footprint. It involves the implementation of packaging designs, materials, and processes that are eco-friendly throughout the product's life cycle to reduce carbon footprint, utilize renewable or recyclable materials, decrease packaging waste, and conserve resources. The increasing consumer awareness of environmental issues, stringent regulatory pressures concerning waste and recycling, and the corporate push towards Corporate Social Responsibility (CSR) and sustainability goals significantly drive the market. Moreover, technological innovations in packaging materials and processes also contribute to the development of this sector. However, challenges related to the high costs of eco-friendly materials, technological limitations in recycling processes, and the need for a balance between durability and sustainability hinder growth. Additionally, there is a gap in consumer perception and willingness to pay extra for sustainable options, which can impede growth. Furthermore, key players are expected to focus on opportunities for innovation in materials and design that can reduce environmental impact. There is a growing demand for packaging made from bio-based or recycled materials. Companies that invest in sustainable packaging can not only reduce their environmental footprint but also enhance their brand image and appeal to conscious consumers. Furthermore, advancements in technology and research can open new avenues for cost-effective and efficient sustainable packaging solutions.

KEY MARKET STATISTICS
Base Year [2023]	USD 529.75 billion
Estimated Year [2024]	USD 561.11 billion
Forecast Year [2030]	USD 819.58 billion
CAGR (%)	6.43%

Regional Insights

In the Americas, the drive towards sustainable packaging has gained significant traction, primarily fueled by consumer awareness and stricter environmental regulations. The United States and Canada are at the forefront, prioritizing the development and adoption of packaging solutions that minimize environmental impact. Here, we observe a growing preference for materials that are recyclable, compostable, or made from renewable resources. Innovations in this region often focus on reducing plastic usage and improving the recyclability of packaging materials. Key sectors leading the charge include food and beverage, healthcare, and personal care products. The Asia-Pacific region presents a dynamic and rapidly evolving sustainable packaging landscape. Countries such as Japan, South Korea, Australia, and China are leading by example, implementing policies that encourage the use of eco-friendly packaging materials. The APAC market is characterized by a rich diversity of innovations, from biodegradable plastics to plant-based packaging solutions. This region's tremendous growth is propelled by its large consumer base, increasing environmental consciousness among consumers, and governmental policies aimed at reducing plastic waste. Europe, the Middle East, and Africa (EMEA) are distinguished by their robust regulatory framework supporting sustainable packaging. The European Union, in particular, has been a pioneer, setting ambitious targets for recycling and the reduction of single-use plastics. This regulatory environment, coupled with high consumer awareness, has made Europe a global leader in sustainable packaging innovations. The emphasis here is on creating a circular economy where packaging materials are continuously reused or recycled, minimizing waste and resource depletion. Middle Eastern and African markets are progressively adopting sustainable practices, with South Africa and the UAE emerging as noteworthy contributors to the region's growth in sustainable packaging.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Sustainable Packaging Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rise in environmental consciousness among the consumers
- Increase in consumer demand for use of green packaging for organic foods
- Penetration of sustainable packaging in the food and beverage industry

Market Restraints
- Expensive raw materials

Market Opportunities
- Innovative technology with eco friendly alternatives
- Growth of the sustainable packaging market is the government regulations against plastic materials and their initiative towards biodegradable materials

Market Challenges
- Recycling issues of certain packaging material

Market Segmentation Analysis
- Material: Growing usage of glass packaging for a wide range of uses including, food & beverages and pharmaceuticals
- Industry: High potential for sustainable packaging in the aerospace industry to improve fuel efficiency

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Sustainable Packaging Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Sustainable Packaging Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

DS Smith Expands Eastern European Presence with Strategic Acquisition of Serbian Packaging Firm Bosis doo

DS Smith, planned to acquire the Serbian packaging firm Bosis doo to enhance DS Smith's footprint in Eastern Europe significantly, raising its total to 29 box-making facilities within the region. This expansion fortifies the company's presence in the area, where it already has a robust workforce exceeding 7,000 employees across its extensive network of manufacturing sites. This move underscores DS Smith's commitment to reinforcing its supply chain and service capability in the burgeoning Eastern European market. [Published On: 2023-08-02]

Huhtamaki Pioneers Sustainable Mono-Material Packaging Solutions for Enhanced Recyclability and Protection

Huhtamaki introduced cutting-edge mono-material technology and announced the company's breakthrough in creating sustainable packaging solutions that maintain affordability and product protection without compromising recyclability. These innovations encompass unique mono-material flexible packaging options in Paper, PE, and PP Retort, featuring high percentages of mono-material, up to 95% for PE & at least 90% for PAPER and PP, thereby setting new standards in the industry. Positioned to aid customers in achieving their sustainability goals, including the transition to recyclable, compostable, or reusable packaging by 2025, Huhtamaki's developments are designed with circularity in mind. [Published On: 2023-04-27]

Electrolux's Eco-Innovation: Cutting-Edge Sustainable Packaging for Small Appliances

Electrolux Group introduced innovative packaging solutions for its Electrolux and AEG small appliances, leveraging recycled and paper-based Forest Stewardship Council certified materials. This groundbreaking initiative reduces the usage of Expanded PolyStyrene (EPS) and substantially cuts down ink consumption by 70% through a streamlined four-color print process. By consolidating packaging options and employing versatile stickers for product differentiation, the company effectively halves the need for varied packaging, championing resource efficiency and waste reduction. [Published On: 2023-03-30]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Sustainable Packaging Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Sustainable Packaging Market, highlighting leading vendors and their innovative profiles. These include AB Electrolux, Amcor PLC, Ardagh Group S.A, Arekapak GmbH, Ball Corporation, BASF SE, Berry Global, Inc, BioPak by Duni AB, Crown Holdings, Inc., DS Smith PLC, DuPont de Nemours, Inc., Elevate Packaging, Gerresheimer AG, Huhtamaki OYJ, IMEX Packaging, International Paper Company, Mondi PLC, Nampak Ltd., Sealed Air Corporation, Smurfit Kappa Group plc, Sonoco Products Company, Stora Enso Oyj, and Tetra Laval International SA.

Market Segmentation & Coverage

This research report categorizes the Sustainable Packaging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
- Glass
  - Limestone
  - Sand
  - Soda Ash

Metal
- Aluminium
- Steel

Paper & Paperboard
- Kraft Paper
- Recycled Paper

Plastic
- Bio-based Plastic
- Biodegradable Plastic

Function
- Active Packaging
  - Antimicrobial Packaging
  - Barrier Packaging
  - Modified Atmosphere Packaging

Alternate Fiber Packaging
- Bamboo Fiber
- Mushroom Packaging

Molded Pulp Packaging
- Processed Pulp Packaging
- Thermoformed Pulp Packaging
- Thick Wall Pulp Packaging
- Transfer Molded Pulp Packaging

Packaging Type
- Bags
- Bottles & Jars
- Boxes
- Drums
- Pouches & Sachets
- Protective Films
- Trays

Industry
- Aerospace
- Agriculture
- Automotive & Transportation
- Construction
- Electronics
- Food & Beverage
- Healthcare & Pharmaceuticals
- Retail
- Textiles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Austria
- Denmark
- Egypt
- Finland
- France
- Germany
- Hungary
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Romania
- Russia
- Saudi Arabia
- Slovakia
- Slovenia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-034B5003093F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rise in environmental consciousness among the consumers
  - 5.1.1.2. Increase in consumer demand for use of green packaging for organic foods
  - 5.1.1.3. Penetration of sustainable packaging in the food and beverage industry
- 5.1.2. Restraints
  - 5.1.2.1. Expensive raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Innovative technology with eco friendly alternatives
  - 5.1.3.2. Growth of the sustainable packaging market is the government regulations against plastic materials and their initiative towards biodegradable materials
- 5.1.4. Challenges
  - 5.1.4.1. Recycling issues of certain packaging material
5.2. Market Segmentation Analysis
- 5.2.1. Material: Growing usage of glass packaging for a wide range of uses including, food & beverages and pharmaceuticals
- 5.2.2. Industry: High potential for sustainable packaging in the aerospace industry to improve fuel efficiency
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Sustainable Packaging Market, by Material

6.1. Introduction
6.2. Glass
6.3. Metal
6.4. Paper & Paperboard
6.5. Plastic

7. Sustainable Packaging Market, by Function

7.1. Introduction
7.2. Active Packaging
7.3. Alternate Fiber Packaging
7.4. Molded Pulp Packaging

8. Sustainable Packaging Market, by Packaging Type

8.1. Introduction
8.2. Bags
8.3. Bottles & Jars
8.4. Boxes
8.5. Drums
8.6. Pouches & Sachets
8.7. Protective Films
8.8. Trays

9. Sustainable Packaging Market, by Industry

9.1. Introduction
9.2. Aerospace
9.3. Agriculture
9.4. Automotive & Transportation
9.5. Construction
9.6. Electronics
9.7. Food & Beverage
9.8. Healthcare & Pharmaceuticals
9.9. Retail
9.10. Textiles

10. Americas Sustainable Packaging Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Sustainable Packaging Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Sustainable Packaging Market

12.1. Introduction
12.2. Austria
12.3. Denmark
12.4. Egypt
12.5. Finland
12.6. France
12.7. Germany
12.8. Hungary
12.9. Israel
12.10. Italy
12.11. Netherlands
12.12. Nigeria
12.13. Norway
12.14. Poland
12.15. Qatar
12.16. Romania
12.17. Russia
12.18. Saudi Arabia
12.19. Slovakia
12.20. Slovenia
12.21. South Africa
12.22. Spain
12.23. Sweden
12.24. Switzerland
12.25. Turkey
12.26. United Arab Emirates
12.27. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. DS Smith Expands Eastern European Presence with Strategic Acquisition of Serbian Packaging Firm Bosis doo
- 13.3.2. Huhtamaki Pioneers Sustainable Mono-Material Packaging Solutions for Enhanced Recyclability and Protection
- 13.3.3. Electrolux's Eco-Innovation: Cutting-Edge Sustainable Packaging for Small Appliances
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio