The Environmentally Friendly Packaging Market Is Estimated To Reach $297.61 Billion By 2027 At A CAGR Of 6.3% – Includes Environmentally Friendly Packaging Market Size
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Increasing awareness about environmental concerns among consumers are expected to drive innovation in environmentally friendly packaging manufacturing, thus driving the market during the forecast period.
The global environmentally friendly packaging market is expected to grow from $215.31 billion in 2022 to $232.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The environmentally friendly packaging market size is expected to grow to $297.61 billion in 2027 at a CAGR of 6.3%.
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Global Environmentally Friendly Packaging Market Segments Include:
- By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
- By Product Type: Bags, Pouches and Sachets, Boxes, Containers, Films, Trays, Tubes, Bottles and Jars, Cans, Other product types
- By Material Type: Paper and Paper Board, Plastic, Metal, Glass, Starch-Based Materials, Other materials
- By Technique: Active Packaging, Molded Packaging, Alternate Fiber Packaging, Other techniques
- By Layer: Primary Packaging, Secondary Packaging, Tertiary Packaging
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global environmentally friendly packaging market in 2021.
Major Market Players in the environmentally friendly packaging market include Amcor plc, Bemis Company Inc., Tetra Laval International SA, Mondi, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air.
New product innovations are the key trends gaining popularity in the environmentally friendly packaging market. Major companies operating in the market are introducing new products to strengthen their position in the market, such as PET containers made from post-consumer recycled content (PCR) resin. For instance, In February 2020, Amcor, a Switzerland-based packaging company, launched a PET container manufactured from post-consumer recycled content that are clear bottles in two sizes, 100 cubic centimetres and 150 cubic centimetres.
The Environmentally Friendly Packaging Global Market Report 2023 provides a environmentally friendly packaging market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The environmentally friendly packaging market forecast analyzes environmentally friendly packaging market size, environmentally friendly packaging market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Environmentally friendly packaging refers to packaging that is safe for people and the planet, can be easily recycled, and is produced from recycled or other environmentally friendly materials. It utilizes less energy consumption and natural resources for its manufacture. Environmentally friendly packaging is used to protect the environ environmentally friendly packaging market.
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