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Green Packaging Market, (By Type: Recycled Content Packaging, Reusable Packaging, & Degradable Packaging. By Application: Personal Care, Food and Beverages, Healthcare & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

Published Date : April 2022 | Report Id : CGO 139 | Format : PDF,PPT | Slides : 180
Report Type : Syndicate Report

The global green packaging market was valued at $291.2 billion in 2021 and it is expected to reach $730.3 billion at a CAGR of 8.60% between 2022 and 2032. Green packaging is considered a type of material that is used to wrap, pack, and ship products that are reusable, biodegradable, or compostable. Rising awareness among consumers regarding green packaging along with the restricted bans on the usage of single-use plastics is expected to drive the market during the forecast period. Moreover, the green packaging market is expected to grow at a steady rate due to increasing demand for adopting sustainable packaging and reusable green package for food and beverage industries. The demand in other industries such as food services, retail shops, and manufacturing companies would continue to grow in upcoming years, which will help the green packaging market to grow.

By region, Asia-Pacific is dominating the green packaging market across the globe.  

Based on region, the market is segmented into Europe, North America, Asia-Pacific, Latin America, and Africa. Asia-Pacific held a significant market growth over the past few years and the region is expected to hold a similar position over the upcoming years. Moreover, industries from developing countries such as India, China, Japan, and South Korea are focusing on sustainable packaging solutions which are likely to boost the regional market due to increasing awareness among consumers. Additionally, raw materials such as bags, boxes, cartons, and other packaging are widely available in the Asia-Pacific region which is projected to impact the green packaging market positively. However, North America is also expected to gain significant growth due to governmental support for green and sustainable packaging. In this region, the U.S is projected to exhibit huge growth in upcoming years due to the high importance of green packaging solutions among a large number of consumers.

Green Packaging Market

Source: SAI Research

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Hygiene is one of the most vital issues in the healthcare industry. Medical sectors are more concerned about eco-friendly packaging solutions. However, the healthcare industry has not fully adopted recycled raw materials in products such as sterile barrier packages. Thus, major players are trying to invest in designing new innovative packages by collaborating with end-users and doing partnerships with other key players. These collaborations and partnerships are anticipated the market growth over the forecast period from 2022 to 2032. Furthermore, the premium clothing brands are focusing on using organic chemicals for labeling and printing for safer recycling of their products. These initiatives are helping more companies to adopt green packages for making good products to hold a strong position in the competitive market.  

In several regions, manufacturing industries of personal care products are focusing on adopting green packaging alternatives by reducing the harmful single-use material which is used for packaging. Increasing awareness among consumers regarding the sustainability of the packaging of products has driven market growth. So many customers have started complaining to manufacturers of personal care products for using unnecessary and additional packaging done for aesthetic purposes. Healthcare industries have also driven the growth of the market by adopting green packages for their medical products. Aluminum foil is a popular material used for packaging which is further used by the pharmaceutical and healthcare industries for packaging medicines such as tablets and capsules. 

According to the study, key players operating in the global green packaging market are Amcor Plc (Switzerland), DuPont Chemicals Company (U.S), Evergreen Packaging Company (China), Mondi Manufacturing Companies (U.K), Nampak Manufacturing Company (South Africa), Be Green Packaging, DS Smith Plc (U.K), Ball Corporation Aerospace Company (U.S), and Sealed Air Company (U.S).                    

Scope of the Report:

Report Coverage

Details

Base Year:

2021

Market Size in 2021:

US$ 291.2 Billion

Historical Data for:

2019, 2020 and 2021

Forecast Period:

2022 to 2032

Forecast Period 2022 to 2032 CAGR:

8.60%

2032 Value Projection:

US$ 730.3 Billion

Segments covered:

By Type: Recycled Content Packaging, Reusable Packaging, & Degradable Packaging.

By Application: Personal Care, Food and Beverages, Healthcare & Others.

Geographies covered:

North America: U.S., Canada, Mexico

Europe: Germany, France, Italy, U.K., Russia, Rest of Europe Countries

Asia-Pacific: India, China, Japan, South Korea, North Korea, Rest of Asian Countries

LAMEA: Brazil, Saudi Arabia, Rest of LAMEA

Companies covered:

Amcor Plc (Switzerland), DuPont Chemicals Company (U.S), Evergreen Packaging Company (China), Mondi Manufacturing Companies (U.K), Mondi Manufacturing Company (U.K), Nampak Manufacturing Company (South Africa), DS Smith Plc (U.K), Ball Corporation Aerospace Company (U.S), and Sealed Air Company (U.S). 

The Global Green Packaging Market Has Been Segmented Into:

The Global Green Packaging Market – By Type:

  • Recycled Content Packaging
  • Reusable Packaging
  • Degradable Packaging

The Global Green Packaging Market – By Application:

  • Personal Care
  • Food and Beverages
  • Healthcare
  • And Others

The Global Green Packaging Market – By Regions:   

North America

  • US..
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe Countries

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

LAMEA

  • Brazil
  • Saudi Arabia
  • Rest of LAMEA
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