Global Green Packaging Market, by Type (Recyclable, Reusable, Degradable), Application (Food & Beverage, Healthcare, Beauty and Personal Care), Region – Growth, COVID-19 Impact, Trends, and Forecasting till 2028
Global green packaging market size is estimated at 300. 20 USD billion by 2028 and is anticipated to grow at a CAGR of 4.9% during the projected time frame (2021-2028).
Global green packaging market size is estimated at 300. 20 USD billion by 2028 and is anticipated to grow at a CAGR of 4.9% during the projected time frame (2021-2028). Green Packaging (sustainable packaging) is a packaging manufactured using recyclable, biodegradable, and environment-friendly materials. This packaging was invented to reduce energy consumption and environmental effects of packaging. Green packaging reduce the green house gas emissions, has low carbon footprint, and reduces pollution and waste production during manufacturing.
Increasing awareness about environment protection and ecologic sustainability and increasing investments in green packaging are major factors driving the global green packaging market. Increasing consumer demand for eco-friendly packing and strict government guidelines are also expected to contribute to market growth during the forecast period.
However, recycling does not generate much profit to the firms as the process is long and labor-intensive. Thus, they charge need to incur additional charges to cover them. High setup and production cost is expected to restrain the adoption of green packaging. Also, lack of government support in the form of subsidies for recycling and shortage of space for storing recycled products are projected to hinder the market growth during the forecast period.
The COVID-19 pandemic had a great impact on businesses and individuals as a whole. Due to increasing consumer awareness about safe and hygienic food, the demand for green packaging is expected to increase. Consumers are also more aware of the environment safety, which is expected to have a positive impact on market growth.
TABLE 1:GLOBAL MARKETSCOPE
Parameters Covered Report Title Global Green Packaging Market Report Market Size and Forecasting 2018–2028 Base Year 2020 Estimated Year 2021 Forecast Period 2021–2028 Market Sizing Units Value in USD Billion Market Segmentation Covered Type, Application, and Region Regions North America, Europe, Asia Pacific, Middle East and Africa and South America Major Key Players Amcor, Mondi, Ardagh Group Co.,Sealed Air,Ball Corporation,TetraPak International S.A., Uflex Number of Pages of Report 170 Customization Available Yes, Customization Is Available As Per The Requirements
Market Segmentation of Green Packaging Market
Type of Green Packaging Market
By type, the green packaging market is classified into recyclable, reusable, and degradable. The recyclable segment is expected to observe the fastest growth during the forecast period. The segment growth can be because manufacturers are increasingly using recyclable materials which are reused to produce new packaging products. This reduces the amount of packaging waste and environment pollution. The recyclable materials include plastic, paper, metal, and glass.
The degradable segment is projected to observe significant growth during the forecast period. Degradable materials can naturally degrade in the environment without much efforts. Microorganisms present in the soil naturally metabolize the degradable products. Various companies are investing in R&D for product innovation to come with packaging materials that are not harmful to the environment. All these factors are expected to drive segment growth during the forecast period.
Application Analysis of Green Packaging Market
By application, the green packaging market is divided into food & beverage, healthcare, and beauty and personal care. The food & beverage segment is expected to hold largest market share during the forecast period. The segment growth can be attributed to increasing adoption of green packaging by various restaurants, food chains, and food packaging companies. Packaging manufacturers are increasingly focusing on sustainability and product safety. Increasing consumer demand for convenience food due to changing lifestyles is also contribute to segment growth.
The beauty and personal care segment is expected to observe significant growth during the forecast period. The segment growth can be because manufacturers are shifting towards green alternatives for packaging. This is expected to be driven by consumer awareness about packaging product’s sustainability.
Regional Analysis of Green Packaging Market
By region, the green packaging market is segment into North America, Europe, Asia Pacific, Middle East and Africa, South America. Asia Pacific is expected to dominate the market during the forecast period. The regional market growth can be attributed to increasing population and resulting increased demand for fast-moving consumer goods (FMGC) products and consumer durables. Increasing focus on environmental concerns in countries such as India, China, Japan and South Korea is expected to augment the Asia Pacific market.
Increasing awareness among the population about renewable and eco-friendly packaging, growing food & beverage industry, and low labor cost are also expected to accelerate the regional green packaging demand during the forecast period.
Key Companies listed
The major companies listed in the green packaging market include Amcor, Mondi, Ardagh Group Co., Sealed Air, Ball Corporation, TetraPak International S.A., and Uflex.
These companies are spread over North America, Europe, South America, and Asia Pacific markets, which empowers it to take into account clients over the globe. The company’s leading position in the Green Packaging Market is endorsed by its wide product portfolio.
- In June 2021, Amcor launched eco-friendly powdered chocolate pack in South America. It is the first designed-to-be recycled plastic packaging of chocolate in the region. The new product reduced carbon footprint by almost 53% than the previous packs.
- In April 2021, Amcor developed AmSky, first recyclable polyethylene-based thermoform blister packaging. This reduced 70% carbon footprints as compared to alternatives.
- In January 2020, Sealed Air Corporation introduced new bubble wrap packaging made with 90% recycled content. The recycled content was obtained from industrial waste which would end in landfills.
- Food & Beverage
- Beauty and Personal Care
- North America Green Packaging Market
- Europe Green Packaging Market
- Asia Pacific Green Packaging Market
- Middle East & Africa Green Packaging Market
- South America Green Packaging Market
Table of Contents
Chapter 1. Executive Summary
Chapter 2. Market Introduction
Chapter 3. Global Green Packaging Market – Analysis and Revenue Forecast 2021-2028 – Key Industry Dynamics
3.1. Key Market Drivers
3.2. Key Market Restraints
3.3. Market Opportunities
3.4. Future Trends
3.5. Impact Analysis of Drivers and Restraints
3.6. COVID-19 Impact Analysis
3.7. Major Developments in the Market
Chapter 4. Global Green Packaging Market – Analysis and Revenue Forecast 2021-2028
Chapter 5. Global Green Packaging Market – Analysis and Revenue Forecast 2021-2028 – By Type
5.1. Type 1
5.2. Type 2
5.3. Type 3
Chapter 6. Global Green Packaging Market – Analysis and Revenue Forecast 2021-2028 – By End User
6.1. End User 1
6.2. End User 2
6.3. End User 3
Chapter 7. Global Green Packaging Market – Analysis and Revenue Forecast 2021-2028 – By Region
7.1. North America
7.3. Asia Pacific
7.4. Middle East & Africa
7.5. South America
Chapter 8. North America Market – Analysis and Revenue Forecast 2021-2028
8.1. Green Packaging Market – By Type
8.1.1. Type 1
8.1.2. Type 2
8.1.3. Type 3
8.2. North America Green Packaging Market – By End User
8.2.1. End User 1
8.2.2. End User 2
8.2.3. End User 3
8.3. North America Green Packaging Market – By Country
Chapter 9. Europe Green Packaging Market – Analysis and Revenue Forecast 2021-2028
9.1. Europe Green Packaging Market – By Type
9.1.1. Type 1
9.1.2. Type 2
9.1.3. Type 3
9.2. Europe Green Packaging Market –By End User
9.2.1. End USER 1
9.2.2. END USER 2
9.2.3. END USER 3
9.3. Europe Green Packaging Market – By Country
9.3.6. Rest of Europe
Chapter 10. Asia Pacific Green Packaging Market – Analysis and Revenue Forecast 2021-2028
10.1. Asia Pacific Green Packaging Market – By Type
10.1.1. Type 1
10.1.2. Type 2
10.1.3. Type 3
10.2. Asia Pacific DNA Based Cancer Detection Market – By End User
10.2.1. End USER 1
10.2.2. END USER 2
10.2.3. END USER 3
10.3. Asia Pacific Green Packaging Market – By Country
10.3.4. South Korea
10.3.5. Rest of Asia Pacific
Chapter 11. South America Green Packaging Market – Analysis and Revenue Forecast 2021-2028
11.1. South America Green Packaging Market – By Type
11.1.1. Type 1
11.1.2. Type 2
11.1.3. Type 3
11.2. South America Green Packaging Market – By End User
11.2.1. End User 1
11.2.2. End User 2
11.2.3. End User 3
11.3. South America Green Packaging Market – By Country
11.3.3. Rest of South America
Chapter 12. Middle East & Africa Green Packaging Market – Analysis and Revenue Forecast 2021-2028
12.1. Middle East & Africa Green Packaging Market – By Type
12.1.1. Type 1
12.1.2. Type 2
12.1.3. Type 3
12.2. Middle East & Africa Green Packaging Market – By End User
12.2.1. End User 1
12.2.2. End User 2
12.2.3. End User 3
12.3. Middle East & Africa Green Packaging Market – By Country
12.3.2. Saudi Arabia
12.3.4. Rest of Middle East & Africa
Chapter 13. Competitive Analysis
13.1.1. Competition Dashboard
13.1.2. Company Profiles
126.96.36.199. Company 1
188.8.131.52. Company 2
184.108.40.206. Company 3
220.127.116.11. Company 4
18.104.22.168. Company 5
22.214.171.124. Company 6
126.96.36.199. Company 7
188.8.131.52. Company 8
184.108.40.206. Company 9
220.127.116.11. Company 10
- Mondi, Ardagh Group Co.
- Sealed Air
- Ball Corporation
- TetraPak International S.A.
- Complete overview of market
- Major drivers, restrain, opportunities, and challenges of the market
- Market Trends and how they are boosting the market growth
- Changing dynamics in the Market
- Complete overview of the market
- Historical, Base year, projected, and current market size in terms of value and volume
- COVID-19 Impact analysis of the market
- Current industry trends and developments