Eco-Friendly Food Packaging Market Report: Trends, Forecast and Competitive Analysis to 2030

Eco-Friendly Food Packaging Trends and Forecast

The future of the global eco-friendly food packaging market looks promising with opportunities in the food & beverage, bakery & confectionery, and dairy product applications. The global eco-friendly food packaging market is expected to reach an estimated $265.1 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are escalating demand for on-the-go products, increasing concern towards food borne diseases, and rising consumer preferences towards recyclable and environmentally friendly material based packaging.

A more than 150-page report is developed to help in your business decisions.

Eco-Friendly Food Packaging by Segment

The study includes a forecast for the global eco-friendly food packaging by type, material, application, and region.

Eco-Friendly Food Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Recycled Content Packaging
• Degradable Packaging
• Reusable Packaging

Eco-Friendly Food Packaging Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Paper & Paperboard
• Plastic
• Metal
• Glass

Eco-Friendly Food Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverage
• Bakery & Confectionery
• Dairy Products
• Others

Eco-Friendly Food Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Eco-Friendly Food Packaging Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies eco-friendly food packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the eco-friendly food packaging companies profiled in this report include-

• BASF
• Ball
• Sonoco
• Tetra Pak
• Amcor
• Westrock
• Sealed Air
• Smurfit Kappa
• Mondi
• Crown

Eco-Friendly Food Packaging Market Insights

Lucintel forecasts that degradable is expected to witness highest growth over the forecast period due to its easy to use, less harmful to the environment, and capable of being both water soluble and edible.

Within this market, food & beverage will remain the largest segment due to substantial use of eco-friendly packaging in this sector given to its degradable nature and recyclable properties.

APAC is expected to witness highest growth over the forecast period due to rapid urbanization, growinig population's demand for packed meals or pre-prepared meals, and presence of key manufacturing hubs in the region.

Features of the Global Eco-Friendly Food Packaging Market

Market Size Estimates: Eco-friendly food packaging market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Eco-friendly food packaging market size by type, material, application, and region in terms of value ($B).

Regional Analysis: Eco-friendly food packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, materials, applications, and regions for the eco-friendly food packaging market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the eco-friendly food packaging market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the eco-friendly food packaging market size?

Answer: The global eco-friendly food packaging market is expected to reach an estimated $265.1 billion by 2030.

Q2. What is the growth forecast for eco-friendly food packaging market?

Answer: The global eco-friendly food packaging market is expected to grow with a CAGR of 7.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the eco-friendly food packaging market?

Answer: The major drivers for this market are escalating demand for on-the-go products, increasing concern towards food borne diseases, and rising consumer preferences towards recyclable and environmentally friendly material based packaging.

Q4. What are the major segments for eco-friendly food packaging market?

Answer: The future of the eco-friendly food packaging market looks promising with opportunities in the food & beverage, bakery & confectionery, and dairy product applications.

Q5. Who are the key eco-friendly food packaging market companies?

Answer: Some of the key eco-friendly food packaging companies are as follows:

• BASF
• Ball
• Sonoco
• Tetra Pak
• Amcor
• Westrock
• Sealed Air
• Smurfit Kappa
• Mondi
• Crown

Q6. Which eco-friendly food packaging market segment will be the largest in future?

Answer: Lucintel forecasts that degradable is expected to witness highest growth over the forecast period due to its easy to use, less harmful to the environment, and capable of being both water soluble and edible.

Q7. In eco-friendly food packaging market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid urbanization, growinig population's demand for packed meals or pre-prepared meals, and presence of key manufacturing hubs in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the eco-friendly food packaging market by type (recycled content packaging, degradable packaging, and reusable packaging), material (paper & paperboard, plastic, metal, and glass), application (food & beverage, bakery & confectionery, dairy products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?