Green Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 282.75 Billion |
| Market Size (2029) | USD 411.81 Billion |
| CAGR (2024 - 2029) | 7.81 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Green Packaging Market Analysis
The Green Packaging Market size is estimated at USD 282.75 billion in 2024, and is expected to reach USD 411.81 billion by 2029, growing at a CAGR of 7.81% during the forecast period (2024-2029).
Manufacturers are increasingly adopting green packaging solutions, driven by stricter regulations to curb plastic waste and foster sustainable practices.
- Heightened awareness of environmental issues among consumer industries and stringent government regulations propel the market forward. For instance, the government of the United States, through initiatives like the Sustainable Packaging Coalition, is championing sustainable packaging. This environmental organization promotes eco-friendly packaging practices and offers resources and guidance to companies eager to adopt these solutions.
- The rising food and beverage industry, constantly embracing packaging produced from recyclable and biodegradable materials, has severe limits on the use of single-use plastics. Increased consumer awareness of sustainable packaging contributes to this trend.
- Companies ramp up commitments to sustainability targets as part of their corporate social responsibility (CSR) initiatives. Many are zeroing in on reducing their carbon footprints, with a notable emphasis on transitioning to green packaging materials. New biodegradable, recyclable, and compostable materials have emerged due to breakthroughs in materials science. This evolution empowers companies to embrace green packaging solutions while ensuring product safety and quality remain uncompromised.
- Furthermore, the issues above are putting pressure on regulators, end-user businesses, and packaging firms to find a replacement that will reduce the environmental impact of packaging and provide sustainable and environmentally friendly packaging solutions, causing the market for green packaging to expand.
- However, changing regulatory standards, fluctuating raw material costs, increasing waste volumes, and rising environmental waste regulations are expected to hinder market growth during the forecast period. This will enable companies operating in this market segment to develop potentially disruptive new products and reduce the current risks in the market.
Green Packaging Market Trends
Paper Industry is Expected to Witness Significant Growth
- The most common sustainable packaging technique is for companies to downsize or lightweight packaging and increase the use of recycled content and renewable materials. Therefore, the use of paper and cardboard in various parts of the business is expanding. This technique also ensures that the packaging is eco-friendly and recyclable for future usage.
- Organizations in the food, beverage, consumer, and packaged goods industries must use packaging extensively. Depending on the location, society or the government drives a global push toward green packaging.
- The general population is increasingly accustomed to paper-based flexible packaging, as customers want more environmentally friendly options. According to Suzano S/A, paper consumption globally 2022 was 415 million metric tons, reaching 427 million in 2024. The rise in paper consumption would drive the demand for green packaging globally.
- Moreover, prioritizing recycled paper also helps curb deforestation issues in conventional paper production. This recycled paper is similar to traditional paper and can be used for businesses' packaging and printing needs. Advancements in recycling technology have straeamlined the production of high-quality recycled paper, making it both easier and more cost-effective. As a result, supply has surged to meet the rising demand.
- Also, due to the increasing costs and consumption rates of wood-based paper, consumers are looking for alternatives to minimize the environmental impact. Paper and tissues made from bamboo or sugarcane are utilized as an alternative. Both materials are suitable alternatives to paper as they are soft, durable, and biodegradable.
United States to Hold a Significant Market Share
- North America is the most significant market for green packaging worldwide. Unlike other parts of the world, where government laws are fundamental to developing green packaging, the main drivers of its quick acceptance are strong consumer knowledge and preferences for eco-friendly products.
- The market in the United States is anticipated to expand quickly in the coming years due to an expanding consumer base that places a high value on the packaging of consumer goods, foods, and beverages. Manufacturers in the region are modifying their products to suit better changing consumer preferences and the environment.
- Uber Eats has committed to phasing out plastic waste in its deliveries and adopting sustainable packaging by 2030. Teaming up with DeliverZero, Uber Eats has rolled out trials for reusable packaging on the West Coast of the United States. This initiative empowers customers to choose reusable containers from over 130 participating LA and San Francisco restaurants. By March 29, 2024, 20 LA restaurants partnered with DeliverZero through Uber Eats. DeliverZero's efforts are estimated to have curbed approximately 1,810 kg of greenhouse gas emissions and conserved nearly 6,000 gallons of water. Uber Eats is actively championing reusable packaging in the United States and countries like France, Switzerland, Germany, and the United Kingdom.
- Governments worldwide are adjusting to other sources, such as biodegradable packaging, in response to the rising amount of packaging trash produced. Only 4% of the world's population lives in the United States, making up 2% of the world's municipal solid waste (MSW). Additionally, it has been reported that each American generates more than 106.2 kg of plastic waste annually.
- Advances in packaging technology have led to the development of new sustainable and functional materials. Biodegradable materials, recycled content, and compostable options are becoming more accessible and cost-effective.
Green Packaging Industry Overview
The Green Packaging Market is fragmented and has many significant players, such as Amcor PLC, Ardagh Group SA, Ball Corporation, Crown Holdings, Inc., and DS Smith PLC. These considerable market participants are concentrating on growing their consumer base internationally. Many businesses rely on strategic collaboration, new product launches, and investment projects to improve their market share and profitability.
Green Packaging Market Leaders
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Ardagh Group SA
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Ball Corporation
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DS Smith PLC
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Amcor PLC
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Crown Holdings, Inc.
*Disclaimer: Major Players sorted in no particular order
Green Packaging Market News
- May 2024: Oceansix Future Paths Ltd., a leading recycling and tech solutions manufacturer, acquired Original RePack Oy, a company in reusable packaging systems. This strategic acquisition targets the growing e-commerce sector's heavy reliance on single-use packaging. RePack has transformed the e-commerce packaging landscape by introducing solutions that lessen environmental harm and elevate the customer experience. Their innovative system facilitates the return and reuse of packaging, leading to a significant reduction in waste.
- April 2024: Ardagh Glass Packaging Europe (AGP-Europe) finalized a deal to acquire Svensk Glasåtervinning (SGÅ), a prominent glass recycler. This move is strategically aimed at ensuring a consistent supply of premium glass cullet for AGP-Europe and curbing the export of recyclates from Sweden. SGÅ boasts a 90% recycling rate for glass and has been a key player in the industry for over three decades. However, with new regulations set to take effect in 2024, Swedish municipalities will assume responsibility for collecting post-consumer glass, introducing a property-based collection system.
Green Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power Of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Stringent Government Regulations
5.1.2 Increasing Awareness About Environmental Concerns Among Consumer Industries
5.2 Market Challenge
5.2.1 Lack of Supply of Bio-plastics and Related Materials
6. MARKET SEGMENTATION
6.1 Type of Packaging
6.1.1 Recycled Content Packaging
6.1.1.1 Paper
6.1.1.2 Metal
6.1.1.3 Plastic
6.1.1.4 Glass
6.1.2 Reusable Packaging
6.1.2.1 Drums
6.1.2.2 Plastic Containers
6.1.2.3 Intermediate Bulk Containers
6.1.3 Degradable Packaging
6.2 End User Industry
6.2.1 Food
6.2.2 Beverage
6.2.3 Pharmaceutical
6.2.4 Personal Care
6.2.5 Other End User Industries
6.3 Geography***
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.2.4 Italy
6.3.3 Asia
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 South Korea
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.5.1 Brazil
6.3.5.2 Argentina
6.3.6 Middle East and Africa
6.3.6.1 Saudi Arabia
6.3.6.2 United Arab Emirates
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Amcor PLC
7.1.2 Ardagh Group SA
7.1.3 Ball Corporation
7.1.4 Crown Holdings, Inc.
7.1.5 DS Smith PLC
7.1.6 Elopak AS
7.1.7 Emerald Packaging
7.1.8 Mondi Group
7.1.9 Nampak Ltd
7.1.10 PlastiPak Holdings Inc.
7.1.11 Sealed Air Corporation
7.1.12 Sonoco Products Company
7.1.13 Tetra Pak International SA
7.1.14 Uflex Limited
7.1.15 Smurfit Westrock
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Green Packaging Industry Segmentation
Green packaging, also known as sustainable packaging, makes use of materials and manufacturing methods for the packaging of goods that has a significantly low impact on both energy consumption and the environment.
The global green packaging market is segmented by type of packaging (recycled content packaging (paper, metal, plastic, glass), reusable packaging (drums, plastic containers, intermediate bulk containers), degradable packaging), end-user industry (food, beverage, pharmaceutical, personal care, other end-user industry), and geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Italy, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle-east and Africa (United Arab Emirates, Saudi Arabia, Rest of Middle-east and Africa)). The report offers market forecasts and size in value (USD) for all the above segments.
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| Degradable Packaging |
| End User Industry | |
| Food | |
| Beverage | |
| Pharmaceutical | |
| Personal Care | |
| Other End User Industries |
| Geography*** | ||||||
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| Australia and New Zealand | ||||||
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Green Packaging Market Research Faqs
How big is the Green Packaging Market?
The Green Packaging Market size is expected to reach USD 282.75 billion in 2024 and grow at a CAGR of 7.81% to reach USD 411.81 billion by 2029.
What is the current Green Packaging Market size?
In 2024, the Green Packaging Market size is expected to reach USD 282.75 billion.
Who are the key players in Green Packaging Market?
Ardagh Group SA, Ball Corporation, DS Smith PLC, Amcor PLC and Crown Holdings, Inc. are the major companies operating in the Green Packaging Market.
Which is the fastest growing region in Green Packaging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Green Packaging Market?
In 2024, the North America accounts for the largest market share in Green Packaging Market.
What years does this Green Packaging Market cover, and what was the market size in 2023?
In 2023, the Green Packaging Market size was estimated at USD 260.67 billion. The report covers the Green Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Green Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Green Packaging Industry Report
Statistics for the 2024 Green Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Green Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Green Packaging Market Report Snapshots
