Market Size of Green Packaging Industry
| 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 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.
| Type of Packaging | ||||||
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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 Size Summary
The green packaging market is experiencing significant growth, driven by increasing consumer awareness of environmental issues and stringent government regulations. The food and beverage industry is a major contributor to this trend, as it increasingly adopts packaging made from recyclable and biodegradable materials, reducing reliance on single-use plastics. This shift is further propelled by the high costs associated with traditional packaging and waste disposal, prompting regulators and businesses to seek sustainable alternatives. Despite challenges such as fluctuating raw material costs and changing regulatory standards, the market is poised for expansion as companies innovate to meet these demands. The COVID-19 pandemic initially hindered progress by increasing plastic usage due to a rise in online shopping, but the long-term trend towards eco-friendly packaging remains strong.
North America leads the global green packaging market, with consumer preferences for eco-friendly products driving rapid adoption. The United States, in particular, is expected to see significant growth as manufacturers adapt to evolving consumer demands. Governments worldwide are also responding to the increasing volume of packaging waste by promoting biodegradable options. The market is moderately competitive, with major players like Amcor Limited, Ardagh Group SA, and Ball Corporation focusing on expanding their international consumer base and enhancing profitability through strategic collaborations. Recent developments, such as Mondi's sustainable packaging portfolio and Ardagh's new plant in France, highlight the industry's commitment to meeting growing demand and advancing sustainability goals.
Green Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power Of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitutes
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type of Packaging
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2.1.1 Recycled Content Packaging
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2.1.1.1 Paper
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2.1.1.2 Metal
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2.1.1.3 Plastic
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2.1.1.4 Glass
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2.1.2 Reusable Packaging
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2.1.2.1 Drums
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2.1.2.2 Plastic Containers
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2.1.2.3 Intermediate Bulk Containers
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2.1.3 Degradable Packaging
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2.2 End User Industry
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2.2.1 Food
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2.2.2 Beverage
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2.2.3 Pharmaceutical
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2.2.4 Personal Care
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2.2.5 Other End User Industries
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2.3 Geography***
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.3 Asia
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 South Korea
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2.3.4 Australia and New Zealand
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2.3.5 Latin America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.6 Middle East and Africa
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2.3.6.1 Saudi Arabia
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2.3.6.2 United Arab Emirates
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Green Packaging Market Size 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.
