Green Packaging Market to Grasp Outstanding Growth of USD 493.75 billion by 2030, Size, Share, Trends, Key Drivers, Growth Opportunities and Competitive Outlook
“With a devotion and commitment of supreme level of resilience and integrated approaches, Green Packaging Market research report has been structured. The Green Packaging Market report also puts a light on growth opportunity assessment (GOA), customer insights (CI), competitive business intelligence (CBI), and distribution channel assessment (DCA). This industry research report analyses and evaluates the important industry trends, market size, market share estimates, and sales volume with which Green Packaging Market industry can speculate the strategies to increase return on investment (ROI). In Green Packaging Market report, the statistics have been represented in the graphical format for an unambiguous understanding of facts and figures.
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Packaging is an essential part of every industry. Hence, using green packaging for the packaging of products is a perfect option to reduce the chances of exploitation of natural resources that will ensure an ecological environment. This is one of the major aspects of attaining global ecological development goals. Various industries are gradually opting for these development models to create a positive brand image in the global market. Moreover, the growing importance of using green packaging in several end-users, such as healthcare, chemicals, food and beverages, and personal care sectors, will likely enhance the market growth.
Data Bridge Market Research analyses that the green packaging market is expected to reach USD 493.75 billion by 2030, which was USD 308.38 billion in 2022, registering a CAGR of 6.06% 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.
Some of the major players operating in the green packaging market are:
- Mondi (U.K.)
- Segezha-Group. (Russia)
- Klabin S.A (Brazil)
- Billerud AB (Sweden)
- Stora Enso (Finland)
- Daio Paper construction (Japan)
- Nordic Paper (Sweden)
- Glatfelter Corporation (U.S.)
- Gascogne Papier (Austria)
- Tokushu Tokai Paper Co., Ltd. (Japan)
- Goodwin Robbins Packaging Company Inc.(U.S.)
- Oji Holdings Corporation (Japan)
- CTI Paper USA (U.S.), Canfor (Canada)
- Georgia-Pacific (U.S.)
- Canadian Paper packaging Ltd. (Canada)
- Fujian Qingshan Paper Co., Ltd.(China),
- Smurfit Kappa (U.S.)
- WestRock Company (Ireland)
- SCG PACKAGING (Thailand
- International Paper (U.S.)
Green Packaging Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015- 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Type (Recyclable, Reusable, and Degradable), Application (Food, Beverages, Pharmaceutical, Personal Care, Home Care, Shipping, Chemicals, Healthcare, and Others) |
| Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
| Market Players Covered | Mondi (U.K.), Segezha-Group. (Russia), Klabin S.A (Brazil), Billerud AB (Sweden), Stora Enso (Finland), Daio Paper construction (Japan), Nordic Paper (Sweden), Glatfelter Corporation (U.S.), Gascogne Papier (Austria), Tokushu Tokai Paper Co., Ltd. (Japan), Goodwin Robbins Packaging Company Inc.(U.S.), Oji Holdings Corporation (Japan), CTI Paper USA (U.S.), Canfor (Canada), Georgia-Pacific (U.S.) Canadian Paper packaging Ltd. (Canada), Fujian Qingshan Paper Co., Ltd.(China), Smurfit Kappa (U.S.), WestRock Company (Ireland), SCG PACKAGING (Thailand), International Paper (U.S.) |
| Market Opportunities |
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Market Definition
A packaging solution known as “green packaging” uses environmentally safe materials and is readily biodegradable to package products. The materials must be confined to avoid contamination or tampering from chemical, physical, or biological sources. Such packaging is mainly made from renewable raw materials, which have less impact on the environment during production, development, and disposal.
Green Packaging Market Dynamics
Drivers
- Increasing demand for green packaging in the food and beverages industry
The food and beverage industry’s rising need for biodegradable packaging is anticipated to fuel market expansion. In accordance with government laws, food, and beverage producers are gradually implementing recyclable and reusable packaging materials to reduce packaging waste. Consumer brand perception is boosted by the food and beverage industry’s growing move towards environmentally friendly packaging. This is accelerating market expansion as well.
- Growing awareness regarding the usage of plastic products
Consumer awareness regarding the disadvantages of using non-biodegradable and single-use plastic goods for product packaging is predicted to increase throughout the forecast period, fueling market expansion. The widespread use of non-biodegradable and single-use plastic packaging materials negatively impacts the environment. Plastic takes hundreds of years to decompose in a landfill, harming the ecosystem and ultimately endangering the lives of people, animals, and plants. Consequently, during the forecast period, increasing consumer awareness of the risks associated with utilizing plastic materials for food packaging is anticipated to fuel market expansion.
Opportunities
- Rising government initiatives to encourage the production of green packaging solutions
Governments worldwide have developed several regulations to support the producers of green packaging due to their awareness of the dangers posed by environmental problems. Favorable government regulations that permit subsidies to packaging makers, especially in developed countries, generate profitable chances for market participants to boost their current production levels. Major companies have begun investing in expanding different recycling programs for waste packaging materials released from various business units and industries as a result of these government initiatives.
- Increasing technological advancement by market players to control environmental pollution
The market for green packaging is expanding as a result of technological development. To lessen their influence on the environment, major market participants are concentrating their efforts on developing cutting-edge technology for switching to environmentally friendly packaging options for food packaging. As an illustration, Huhtamäki Oyj introduced an inventive and reusable ice cream packaging solution based on paper-based technology in 2022. This packaging solution is composed primarily of renewable bio-based materials, to the extent of 95%. This invention lessens environmental pollution and waste from packaging.
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Recent Developments
- In 2021, ProAmpac acquired Ultimate Packaging Ltd., which offers creative solutions, for an undisclosed amount. Through this acquisition, ProAmpac extends its sustainable product portfolio, increases its reach, and improves its position in creative food packaging across the U.K. The company gives its support with numerous innovative packaging products that are green.
- In April 2021, Nestle and Amcor partnered to develop a sustainable, eco-friendly packaging solution. Amcor is facilitating Nestle to shift towards sustainable packaging in Australia.
Global Green Packaging Market Scope
The green packaging market is segmented on the basis of type 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
- Paper
- Plastic
- Metal
- Glass
- Others
- Reusable
- Drum
- Plastic Container
- Others
- Degradable
Application
- Food and Beverages
- Pharmaceutical
- Personal Care
- Home Care
- Shipping
- Chemicals
- Healthcare
- Others
The key questions answered in this Green Packaging Market Report:
- What will be the Green Packaging Market Size and Growth Rate in the forecast year?
- What are the Key Factors driving Green Packaging Market?
- What are the Risks and Challenges in front of the Green Packaging Market?
- Who are the Key Vendors in Green Packaging Market?
- What are the Trending Factors influencing the Green Packaging Market shares?
- What are the Key Outcomes of Porter’s five forces model?
- Which are the Global Opportunities for Expanding the Green Packaging Market?
Table of Contents
Global Green Packaging Market Research Report 2023 – 2030
Chapter 1 Green 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 Green Packaging Market Forecast
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