Zero Waste Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.74 Billion |
| Market Size (2029) | USD 2.18 Billion |
| CAGR (2024 - 2029) | 4.61 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Zero Waste Packaging Market Analysis
The Zero Waste Packaging Market size is estimated at USD 1.74 billion in 2024, and is expected to reach USD 2.18 billion by 2029, at a CAGR of 4.61% during the forecast period (2024-2029).
Zero-waste packaging has become integral to sustainable living. With rising concerns over environmental conservation and waste reduction, consumers and businesses are actively pursuing alternatives to conventional packaging methods that exacerbate pollution and contribute to landfill waste.
- The zero-waste packaging approach signifies a transformative shift towards packaging solutions emphasizing reuse, recyclability, and compostability. The goal is to reduce the environmental footprint of packaging materials throughout their lifecycle.
- Zero-waste packaging encompasses solutions where microorganisms can recycle, reuse, or decompose discarded materials. Essentially, the goal is to ensure that packaging waste neither ends up in landfills nor pollutes the environment. Such environmentally-conscious solutions fall under the umbrella of zero-waste packaging.
- In response to the plastic crisis, governments worldwide enact regulations and bans on single-use plastics, propelling the shift towards alternative packaging solutions. As consumers increasingly prioritize eco-friendliness, companies must adopt zero-waste packaging solutions to maintain their competitive edge.
- According to a study by Enviro Flex Pack in April 2024, zero-waste packaging serves a double purpose: it safeguards the environment and attracts eco-conscious consumers, benefiting businesses. By embracing these practices, food companies bolster their brand reputation and play a pivotal role in fostering a healthier planet.
- However, the journey towards zero-waste packaging is challenging. Challenges like elevated production costs and a scarcity of eco-friendly materials dominate. Additionally, restricted access to recycling facilities and uncertainty over recyclable items hinders waste reduction initiatives in certain regions.
Zero Waste Packaging Market Trends
Reusable and Recyclable Packaging to Witness Growth in the Market
- Recycled packaging solutions are derived from reprocessed materials, which have been recovered and transformed through manufacturing, ultimately becoming integral components of final products. Having previously fulfilled their original purpose, these materials are being repurposed for packaging. Promoting recycled content derives from its ability to diminish organizational waste footprints while streamlining the manufacturing process significantly. The efficiency of this approach often translates into notable cost advantages.
- Similarly, the food and beverage industry widely adopts reusable packaging for sustainability and ecological benefits. From transporting raw materials to producing finished goods, pallets, crates, and more play a pivotal role at every stage. In the food and beverage sector, reusable products enhance transportation security—further, reusable packaging aids in minimizing solid waste and improving product protection.
- Moreover, technological advancements are paving the way for groundbreaking recyclable packaging solutions. Manufacturers prioritize environmental friendliness in their packaging materials and ensure they provide the necessary protection and functionality for the packaged products. The recycled packaging market is witnessing the emergence of novel materials, innovative designs, and advanced manufacturing processes tailored to meet the varied demands of different industries.
- In September 2024, Marigold Health Foods has teamed up with Sonoco, a global frontrunner in sustainable packaging solutions, to unveil a new, fully recyclable packaging for its diverse range of plant-based products, spanning stock cubes, sauces, and alternatives to meat and fish. This groundbreaking packaging solution signifies a significant leap forward in sustainable food packaging, benefiting consumers and industries. Such new innovations by companies would leverage the demand for recyclable packaging market.
- Various countries globally are focused on recycling various materials such as plastic, paper, and more as part of driving sustainable practices. According to According to the Ministry of Environment, Forest and Climate Change, India aims to boost its recycling targets for plastic packaging waste. For rigid plastic packaging, the target will jump from 50% in FY 2025 to 80% by FY 2028.
- Recyclable and reusable packaging play pivotal roles in zero-waste initiatives, significantly curbing waste and fostering a sustainable environment. Crafted from materials such as paper, cardboard, aluminum, and selective plastics, recyclable packaging undergoes processing to be remanufactured into new products. However, zero-waste packaging aspires to establish a closed-loop system, meticulously crafting products and packaging to produce minimal waste.
Food and Beverage Industries Drive Market Growth
- As the food and beverage sector and e-commerce increasingly seek innovative, durable, and reliable solutions, the zero-waste packaging market is poised for substantial growth. Globally, e-commerce is supplanting traditional brick-and-mortar retailers.
- This shift underscores the rising consumer appetite for food delivery, and significant pharmacies, like Walgreens, are launching online ordering and delivery initiatives to rival Amazon. The zero-waste packaging consumer demand is expected to surge with the rising demand for innovative packaging and technologies such as automation and 3D printing.
- Utilizing 50% recycled plastic, manufacturers meet food contact standards, thereby developing growth in the Recycled Material Packaging Market. For instance, in March 2024, INEOS and its partners launched the new film packaging with 50 % recycling of plastics. Several partners from the Flexible Food Packaging Supply Chain carried out the introduction of new, premium-quality snack packaging containing 50% recycled plastic and complying with strict food contact requirements.
- Furthermore, as consumers lead increasingly busy lives, the demand for convenience foods surges. Owing to innovative packaging and cutting-edge technologies, the range of readily available food substitutes has broadened, encompassing items like packed and frozen foods. According to the US Census Bureau, total retail and food services sales in the United States in 2020 were USD 6.22 trillion and are expected to reach USD 8.33 trillion in 2023.
- Companies operating in the market are also fosuing on innovating technologies for reusable and recyclable packaging solutions. For instance, in July 2024, VYTAL Global GmbH, a prominent provider of software-enabled reusable packaging solutions, secured funding for boosting reusable packaging. Emerald Technology Ventures led this round through its Sustainable Packaging Innovation Fund, with additional contributions from Ventis, Grazia Equity, Kiko Ventures, and Rubio. VYTAL’s technology platform is poised to replace single-use packaging with innovative, reusable solutions, benefiting all stakeholders in the value chain, from raw material suppliers to consumers and professional cleaning hubs.
Zero Waste Packaging Industry Overview
The Zero-Waste packaging market is fragmented, and the market concentration is low, with key players like DS Smith PLC, Amcor Group, Berry Global, Inc., Tipa Corp Ltd., Tetra Pak International SA, and others competing for a larger market share. Ongoing innovations and strategic investments heighten the intensity of competition among these vendors. Furthermore, these companies are pursuing acquisitions to bolster their product portfolios and expand their market presence, setting the stage for future growth.
Zero Waste Packaging Market Leaders
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Amcor Group
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Berry Global, Inc.
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DS Smith Plc
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Sulapac Oy
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TIPA Corp Ltd.
*Disclaimer: Major Players sorted in no particular order
Zero Waste Packaging Market News
- June 2024: ProAmpac, a frontrunner in flexible packaging and material science, unveiled its patent-pending ProActive Recyclable\ FiberCool insulated bag, designed for curbside recycling. Unlike the standard Self-Opening Sack (SOS), FiberCool ensures curbside recyclability and provides a temperature retention solution tailored for the food and grocery delivery sector.
- November 2023: TIPA, a global frontrunner in compostable packaging solutions for the food and other industries, has launched its home compostable laminate in the U.S. This innovative laminate is designed for packaging dry foods and goods, including spices, bread, snacks, granola, fruit, and protein gummies. In line with TIPA's commitment to sustainability, this new laminate aims to curb greenhouse gas emissions linked to food waste in landfills.
Zero Waste 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 INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of New Entrants
4.2.5 Threat Of Substitutes
4.2.6 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYANMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Sustainable Packaging Globally
5.1.2 Government Initiatives toward Effective Waste Management
5.2 Market Restraints
5.2.1 Rising Cost of Raw Materials
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Reusable and Recyclable Packaging
6.1.2 Compostable Packaging
6.1.3 Edible Packaging
6.2 By Application
6.2.1 Food & Beverages
6.2.2 Healthcare
6.2.3 Cosmetics & Personal Care
6.2.4 Electrical & Electronics
6.2.5 E-commerce
6.2.6 Other Applications
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Ecovative LLC
7.1.2 DS Smith PLC
7.1.3 Avani Eco
7.1.4 Biome Bioplastics Limited
7.1.5 Sulapac Oy
7.1.6 Berry Global
7.1.7 Amcor Group
7.1.8 Amatech Inc.
7.1.9 TetraPak International SA
7.1.10 TIPA Corp Ltd.
7.1.11 FlexSea
7.1.12 Xampla Limited
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Zero Waste Packaging Industry Segmentation
Zero-waste packaging represents a sustainable approach, striving to eradicate waste and pollution. It supports a circular economy, ensuring all materials can be reused, recycled, or composted. The study tracks the demand for zero-waste packaging solutions. It provides a detailed assessment of the zero-waste packaging market based on underlying factors related to the demand for packaging based on packaging type across multiple end-user industries.
The Zero Waste Packaging Market is Segmented by Type (Reusable and Recyclable Packaging, Compostable Packaging, Edible Packaging), by Application (Food & Beverage, Healthcare, Cosmetics & Personal Care, Electrical & Electronics, E-Commerce, and Other Applications), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Values are Provided in Terms of Value (USD) for all the Segments.
| By Type | |
| Reusable and Recyclable Packaging | |
| Compostable Packaging | |
| Edible Packaging |
| By Application | |
| Food & Beverages | |
| Healthcare | |
| Cosmetics & Personal Care | |
| Electrical & Electronics | |
| E-commerce | |
| Other Applications |
| By Geography | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Zero Waste Packaging Market Research FAQs
How big is the Zero Waste Packaging Market?
The Zero Waste Packaging Market size is expected to reach USD 1.74 billion in 2024 and grow at a CAGR of 4.61% to reach USD 2.18 billion by 2029.
What is the current Zero Waste Packaging Market size?
In 2024, the Zero Waste Packaging Market size is expected to reach USD 1.74 billion.
Who are the key players in Zero Waste Packaging Market?
Amcor Group, Berry Global, Inc., DS Smith Plc, Sulapac Oy and TIPA Corp Ltd. are the major companies operating in the Zero Waste Packaging Market.
Which is the fastest growing region in Zero Waste 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 Zero Waste Packaging Market?
In 2024, the North America accounts for the largest market share in Zero Waste Packaging Market.
What years does this Zero Waste Packaging Market cover, and what was the market size in 2023?
In 2023, the Zero Waste Packaging Market size was estimated at USD 1.66 billion. The report covers the Zero Waste Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Zero Waste Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Zero Waste Packaging Industry Report
Statistics for the 2024 Zero Waste Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Zero Waste Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
