Green Packaging Market global industry analysis, share, statistics, trends, opportunities and forecasts by 2030

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The global Green Packaging market size is expected to be worth around US$ 541.41 billion by 2030, according to a new report by Vision Research Reports.

The global Green Packaging market size was valued at US$ 284.15 billion in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38923

Green Packaging Market (By Application: Food & Beverages, Personal Care, Healthcare; By Packaging Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size US$ 541.41 Billion by 2030
Growth Rate CAGR of 7.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application, Packaging Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Amcor; Be Green Packaging; DS Smith; DuPont; Evergreen Packaging; Mondi; Nampak; Ball Corporation; Sealed Air; Tetra Laval.

Growth Factors

Growing consumer awareness regarding sustainable packaging, together with the strict bans regarding the usage of single-use plastics, are expected to fuel the industry growth. The industry is anticipated to grow at a steady rate owing to the growing food and beverage industry that is increasingly adopting packaging made from degradable and recyclable materials. The foodservice industry is replacing single-use plastic straws, lids, closures, caps, cups, and food trays with products made from paper or compostable alternatives. The product demand in the foodservice industry will continue to grow on account of changing consumer preferences towards convenience and packaged foods.

By Application Analysis

The food and beverages application segment led the industry with more than 58.5% share of the global revenue in 2020. With the rising popularity of green packaging, many restaurants, fast food chains, packaged food companies.

Many manufacturers of personal care products are shifting towards green alternatives by reducing the overall material used for packaging. The change is partly driven by consumer consciousness regarding the sustainability of the packaging of a product.

The healthcare segment has shown promising growth despite the strict regulations related to the safety of packaging of products. For a large part, the pharmaceutical industry makes use of glass packaging as it is inert and suitable for the packaging of different drugs.

The companies in the market serving the healthcare application sector are introducing innovative molded pulp packaging products to replace reusable utensils used in hospitals for more convenience.

By Packaging Type Analysis

Based on type, the market is categorized into recycled content, reusable, and degradable packaging. The recycled content segment held the largest share of 61.2% in 2020. The segment includes materials that can be recycled, such as paper, plastic, glass, and metal.

The plastic-type in recycled content segment held the largest share in 2020 as it is widely used across several applications and offers vital packaging properties that materials such as paper fail to deliver

Paper is the next major segment under recycled content packaging as it is easily available, accessible, and popular among consumers. Paper is used in flexible as well as rigid packaging solutions. Paper packaging is experiencing increased market penetration due to enhanced functionalities.

The reusable segment comprises drums and plastic containers that are made from durable materials intended for multiple or longer use. Drums are used for the transportation of fluids, majorly a variety of chemicals.

By Regional Analysis

Europe dominated the market in 2020 with a revenue share of 36.7% due to stringent regulations imposed by the European Union and other European countries concerning the use of single-use plastics.

Asia Pacific ranked second in terms of value in 2020, as the region is seeing a rise in government regulations and initiatives that are encouraging manufacturers to opt for green packaging.

North America is at par with the Asia Pacific region in terms of market share owing to the aggressive efforts put forth by the governments in the region.

Key Players

  • Amcor
  • Be Green Packaging
  • DS Smith
  • DuPont
  • Evergreen Packaging
  • Mondi
  • Nampak
  • Ball Corp.
  • Sealed Air
  • Tetra Laval

Market Segmentation

  • By Application
    • Food & Beverages
    • Personal Care
    • Healthcare
    • Others
  • By Packaging Type
    • Recycled Content Packaging
      • Paper
      • Plastic
      • Metal
      • Glass
      • Others
    • Reusable Packaging
      • Drum
      • Plastic Container
      • Others
    • Degradable Packaging
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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