The Sustainable Packaging market size reached USD 296.61 Bn in 2023 and is expected to reach USD 428.62 Bn by 2030, growing at a CAGR of 5.4 % during the forecast period.
Sustainable Packaging Market Overview:
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Sustainable Packaging Market Scope and Methodology:
This report examines the Sustainable Packaging market through various regions and extensive segmentation, offering a definition, description, and prediction. It includes many significant market factors as well as thorough qualitative and quantitative research. This involves examining the competitive environment, competitor profiles, sector analysis, economic impact, valuable perspectives, market dynamics, and market analysis.
The report deeply examines historical information, concentrating on various Sustainable Packaging market situations and performing a thorough assessment of the elements impacting the market, such as drivers, limitations, chances, hurdles, and upcoming trends. The report provides a detailed understanding of market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions using the appropriate methodology and assumptions. The research also includes analysis of the value chain, PESTLE analysis, impact analysis, and PORTER's analysis.
Sustainable Packaging Market Regional Insights:
The examination explores the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America in great detail. Comprehending the complex dynamics of the international Sustainable Packaging market is a crucial element of the regional analysis offered in the report. The report includes information on the import and export of products, market size, and growth rate for every country. Additionally, the report has also provided a summary of the most recent developments in the global Sustainable Packaging market in various countries and regions.
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Sustainable Packaging Market Segmentation:
by Material Type
Paper and Paperboard
Plastics
Biodegradable
Bio-based
Aluminum
Others
In 2023, the paper and paperboard segment had the highest revenue share of 21.2%, determined by Material Type. An encouraging trend that indicates a rising understanding of the need for sustainable packaging solutions is the increasing demand for sustainable paper and paperboard materials for the import and export of packaging products. It is anticipated to increase in the upcoming years as a move towards a more sustainable future. Paper and paperboard are sustainable packing materials that Amazon has promised to use for its shipments. The company has implemented several eco-friendly packaging programs, such as switching to paper-based cushioning materials in place of plastic ones and employing corrugated boxes with a high percentage of recycled content.
by Packaging Type
Rigid Packaging
Flexible Packaging
Regarding Packaging Type, the segment with rigid packaging held a notable 18.2% market share in 2023 and is anticipated to continue to do so during the projected period. A lot of businesses are making rigid packaging goods with sustainable materials.
Coca-Cola has put in place a number of sustainable packaging measures, such as the use of plant-based polymers and recycled content, and has pledged to making all of its packaging 100% recyclable by 2025. For its Dasani water brand, the business has unveiled a sustainable plastic container composed entirely of recycled PET plastic. For rigid packaging applications, this is anticipated to accelerate the growth of the Sustainable Packaging market.
by End User
Pharmaceutical and Healthcare
Cosmetics and Personal Care
Food and Beverage
Other End Users
The food and beverage segment held a significant market share of approximately 56.3% in 2023, and it is anticipated to continue growing over the forecast period, according to the End User. Many businesses are employing recycled plastics in their packaging, either by developing new packaging solutions that are composed completely of recycled materials or by adding recycled content to their current packaging. The food and beverage industry is also seeing an increase in the use of reusable packaging. Reusable packaging options, such refilling receptacles or packaging that can be sent back to the manufacturer for further use, are being investigated by certain businesses.
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Sustainable Packaging Market Key Players:
1. Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
19. Genpak,LLC
20. Tetra Pak InternationalS.A.
21. Billerud
22. Albea S.A.
23. HCP Packaging
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Key questions answered in the Sustainable Packaging Market are:
What is Sustainable Packaging?
What was the Sustainable Packaging Market size in 2023?
What will be the CAGR at which the Sustainable Packaging Market will grow?
What are the upcoming industry applications and trends for the Sustainable Packaging Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Sustainable Packaging Market?
What growth strategies are the players considering to increase their presence in Sustainable Packaging?
Who are the key players in the Sustainable Packaging Market?
Who are the leading companies and what are their portfolios in Sustainable Packaging Market?
What is the growth rate of the Sustainable Packaging Market?
What are the different segments of the Sustainable Packaging Market?
What segments are covered in the Sustainable Packaging Market?
Which are the factors expected to drive the Sustainable Packaging market growth?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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