Eco-Friendly Food Packaging Market 2022-2028

Description

List of Tables

Title:Global Eco-Friendly Food Packaging Market Size, Share & Trends Analysis Report by Material Type (Paper & Paperboard, Plastic, Metal, and Glass), By Packaging Type (Recycled Content Packaging, Degradable Packaging, and Reusable Packaging), and by Application (Beverages, Bakery and Confectionery, Dairy Products, Meat Products, Fruits and Vegetables, and Convenience Food) Forecast Period (2022-2028).

The global eco-friendly food packaging market is anticipated to grow at a CAGR of 7.5 % during the forecast period. Rising environmental concerns, eco-friendly packaging is being adopted by food and beverage companies across the globe. The material is made from non-toxic which reduces carbon footprints, is biodegradable, easily disposable, and can be reused or recycled. The benefits associated with eco-friendly food packaging are expected to create demand for the market during the forecast period. However, in Asian countries, less than 50% population has access to the waste recycling infrastructure due to poor waste collection and sorting processes. The absence of a well-monitored waste management infrastructure in countries such as Indonesia and the Philippines and the absence of strict laws and regulations from the government are expected to hinder the growth of the market during the forecast period.

The global eco-friendly food packaging market is segmented based on the material type, packaging type, and application. Based on the material type, the market is sub-segmented into paper & paperboard, plastic, metal, and glass. Based on the packaging type, the market is further sub-segmented into recycled content packaging, degradable packaging, and reusable packaging. Based on the application, the market is augmented into beverages, bakery & confectionery, dairy products, meat products, fruits & vegetables, and convenience food. Among the packaging type, the reusable segment is expected to hold a remarkable share in the market during the forecast period. The companies are adopting reusable packaging solutions which are contributing to the growth of the market. For instance, in 2019, Nestle used 4.6 million tons of packaging materials. The company's global plastics and laminate use were 1.5 million tons in 2019 compared to 1.6 million tons in 2018. Nestle managed to reduce it by approximately 10% in 2019, even though its business grew by 3.5%. In 2018, 66% of the total plastic used by the company was recyclable or reused. Nestle's overall plastic usage in 2019 in comparison to 2018 has reduced, especially for PET and PP plastic types.

Geographically, the global eco-friendly food packaging market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Europe region is expected to hold a prominent market share during the forecast period. The companies are highly focused on reducing the amount of plastic and are engaging in determining how recyclable their packaging is. For instance, in January 2022, RecyClass is a cross-industry initiative that works to advance plastic packaging recyclability and to establish a harmonized approach toward recycled content calculation and traceability in Europe.

The major companies serving the global eco-friendly food packaging market include Amcor Plc, Ball Corp., BASF SE, Berry Global Inc., Crown Holdings Inc., Elopak AS, GWP Group Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Nandu's launched innovative eco-friendly packaging for all its home delivery orders, which promises to be a game-changer in smart sustainable solutions that cater to the requirements of consumers as well as the planet. A zero-waste company in the making, Nandu's has been responsive to the steadily shifting consumer preferences from single-use plastics to more durable, environment-friendly packaging alternatives.

Research Methodology

The market study of the global eco-friendly food packaging market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Eco-Friendly Food Packaging Market Research and Analysis by Material Type.
Global Eco-Friendly Food Packaging Market Research and Analysis by Packaging Type.
Global Eco-Friendly Food Packaging Market Research and Analysis by Application.

The Report Covers:

Comprehensive research methodology of the global eco-friendly food packaging market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global eco-friendly food packaging market.
Insights about market determinants that are stimulating the global eco-friendly food packaging market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026818

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Eco-Friendly Food Packaging Market by Material
- 4.1.1. Paper & Paperboard
- 4.1.2. Plastic
- 4.1.3. Metal
- 4.1.4. Glass
4.2. Global Eco-Friendly Food Packaging Market by Packaging Type
- 4.2.1. Recycled Content Packaging
- 4.2.2. Degradable Packaging
- 4.2.3. Reusable Packaging
4.3. Global Eco-Friendly Food Packaging Market by Application
- 4.3.1. Beverages
- 4.3.2. Bakery And Confectionery
- 4.3.3. Dairy Products
- 4.3.4. Meat Products
- 4.3.5. Fruits And Vegetables
- 4.3.6. Convenience Food

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Amcor Plc
6.2. Ball Corp.
6.3. BASF SE
6.4. Berry Global Inc.
6.5. Crown Holdings Inc.
6.6. Elopak AS
6.7. GWP Group Ltd.
6.8. Huhtamaki Oyj
6.9. Mondi Plc
6.10. Pactiv Evergreen Inc.
6.11. Paper foam BV
6.12. Printpack Inc.
6.13. Sealed Air Corp.
6.14. Smurfit Kappa Group Plc
6.15. Sonoco Products Co.
6.16. Sustainable Packaging Industries
6.17. Swedbrand Group
6.18. Tetra Pak Group
6.19. The WestRock Group
6.20. Winpak Ltd.