Eco-Friendly Packaging Market to Observe Utmost Growth of USD 269,463.14 million by 2030, Size, Share, Demand, Key Drivers, Development Trends and Competitive Outlook
“The first class Eco-Friendly Packaging Market report is a complete overview of the market, covering various aspects like product definition, segmentation based on various parameters, and the prevailing vendor landscape. With this promotional report, businesses can create a unique space in the global industry and get identified as the most consistent and dedicated growth partner for market research, strategy formulation and sustainable organizational development. The market transformations are highlighted here which occur because of the moves of key players and brands like developments, product launches, joint ventures, mergers and acquisitions that in turn changes the view of the global face of Eco-Friendly Packaging Market industry.
The high quality Eco-Friendly Packaging Market report includes all the company profiles of the top market players and brands. Client’s needs are understood well by experts leveraging their expertise and strong knowledge base to identify and evaluate competition and chalk out strategic programs, with short-term goals and long-term objectives. This market analysis document provides an ideal window to the industry which explains what market definition, classifications, applications, engagements and market trends are. Eco-Friendly Packaging Market research report also gives description about the complete market analysis with inputs from industry experts.
Data Bridge Market Research analyses that the eco-friendly packaging market is expected to reach USD 269,463.14 million by 2030, which was USD 182,383.25 million in 2022, registering a CAGR of 5.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Eco-friendly packaging is a packaging solution in which a product is packaged using environmentally safe materials and can be easily degradable. The materials must be contained to prevent contamination or tampering from chemical, physical or biological sources. Such packaging is largely prepared from renewable raw materials with less environmental impact during operation, development, and after use.
Some of the major players operating in the Eco-Friendly Packaging Market are:
- Mondi (U.K.)
- Segezha group (Russia)
- Klabin SA (Brazil)
- Billerudkorsnas (Sweden)
- Stora Enso (Finland)
- Daio Paper construction (Japan)
- Nordic Paper (Sweden)
- Glatfelter (U.S.)
- Gascogne Papier (Austria)
- Glatfelter Corporation (U.S.)
- Tokushu Tokai Paper Co., Ltd. (Japan)
- Goodwin Robbins Packaging Company Inc. (U.S.)
- Oji Holdings Corporation (Japan)
- CTI Paper USA (U.S.)
- Canfor (Canada)
- Genus Paper and Boards Limited (India)
- Georgia-Pacific (U.S.)
- Canadian Paper packaging Ltd.(Canada)
- Fujian Qingshan Paper Co., Ltd. (China)
- Smurfit Kappa(US)
- WestRock Company (Ireland)
- SCG PACKAGING (Thailand)
- International Paper (U.S.)
Eco-Friendly Packaging Market Dynamics
Drivers
- Increasing awareness about the consumer about drawbacks of plastic products
The rising consumer awareness regarding the disadvantages of using non-degradable and single-use plastic products for food packaging is expected to drive market growth during the forecast period. Widespread usage of non-degradable and single-use plastic packaging products affects the environment harmfully. Plastic takes approximately hundreds of years to decay in a landfill and causes several harms to the environment and eventually harming the life of animals, plants, and humans. Therefore, growing awareness about the hazards of using plastic products for food packaging among consumers is expected to propel the market’s growth during the forecast period.
- Rising demand for biodegradable packaging from the food and beverages industry
The growing demand for biodegradable packaging from the food and beverages industry is expected to grow the market. Food and beverage manufacturers are progressively adopting reusable and recycled packaging materials to reduce packaging waste in compliance with government regulations. Food and beverage manufacturers’ rising shift toward green and eco-friendly packaging helps generate a positive brand image for consumers. This is also boosting the market growth.
Opportunities
- Surging technological advancement by major market players to reduce environmental impact
Technological advancement is a major factor in the growth of the eco-friendly packaging market. Major market players have focused their efforts on generating innovative technologies for shifting to environmentally friendly packaging solutions for food packaging to reduce environmental impact. For example, Huhtamäki Oyj launched an innovative and recyclable ice cream packaging solution in 2022 based on paper-based technology. This packaging solution is constructed of 95 percent renewable bio-based material. This innovation helps to reduce packaging waste and environmental pollution.
- Governments’ initiatives for subsidies for eco-friendly packaging manufacturers
As governments all around the globe are aware of threats associated with environmental issues, several policies have been implemented to encourage eco-friendly packaging manufacturers. Favorable government policies allowing subsidies to packaging manufacturers, particularly in developed nations, create lucrative opportunities for market players to increase their production volume. Under the pressure of these government initiatives, major players have started investing in expanding numerous recycling programs for waste packaging materials released from various commercial units and industries.
Recent Developments
- In 2021, ProAmpac, a US-based company engaged in offering creative and sustainable packaging products, acquired Ultimate Packaging Ltd., a UK-based company involved in offering creative solutions, for an undisclosed amount. Through this acquisition, ProAmpac widens its sustainable product portfolio, expands its reach across the U.K., and improves its position in creative food packaging. The company gives its support all over the supply chain with numerous innovative eco-friendly packaging products.
- In 2021, Huhtamaki announced its partnership with RiverRecycle and VTT to create technology to deal with floating river waste. This river waste collector technology is now operational on the Mithi River in India. This will help the company to strengthen its presence in the Asia-Pacific region, mainly in India
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The eco-friendly packaging market is segmented on the basis of type, material type, product type, technique, layer, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Recyclable
- Reusable
- Degradable
Material Type
- Paper and Paper Board
- Plastic
- Metal
- Glass
- Starch-Based Materials
- Others
Product Type
- Bags
- Pouches and Sachets
- Boxes
- Containers
- Films
- Trays
- Tubes
- Bottles and Jars
- Cans
- Others
Technique
- Active Packaging
- Molded Packaging
- Alternate Fiber Packaging
- Others
Layer
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Application
- Food and Beverages
- Pharmaceutical
- Personal Care
- Home Care
- Others
Regions Covered in the Global Eco-Friendly Packaging Market Report 2023:
? The Middle East and Africa (GCC Countries and Egypt)
? North America (the United States, Mexico, and Canada)
? South America (Brazil etc.)
? Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
? Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
The key questions answered in this Eco-Friendly Packaging Market Report:
- What will be the Eco-Friendly Packaging Market Size and Growth Rate in the forecast year?
- What are the Key Factors driving Eco-Friendly Packaging Market?
- What are the Risks and Challenges in front of the Eco-Friendly Packaging Market?
- Who are the Key Vendors in Eco-Friendly Packaging Market?
- What are the Trending Factors influencing the Eco-Friendly Packaging Market shares?
- What are the Key Outcomes of Porter’s five forces model?
- Which are the Global Opportunities for Expanding the Eco-Friendly Packaging Market?
Table of Contents
Global Eco-Friendly Packaging Market Research Report 2023 – 2029
Chapter 1 Eco-Friendly Packaging Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Eco-Friendly Packaging Market Forecast
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-eco-friendly-packaging-market
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