The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing consumer awareness about the drawbacks of using single-use and non-degradable plastic products for food packaging are expected to drive innovation in eco friendly food packaging manufacturing, thus driving the market during the forecast period.

The global eco friendly food packaging market is expected to grow from $213.26 billion in 2022 to $229.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The eco-friendly food packaging market size is expected to grow to $316.31 billion in 2027 at a CAGR of 8.4%.

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Global Eco Friendly Food Packaging Market Segments Include:

• By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
• By Material: Paper And Paperboard, Metal, Glass, Plastic, Other Materials
• By Technique: Active Packaging, Molded Packaging, Multipurpose Packaging, Alternate Fiber Packaging
• By Application: Food And Beverages, Bakery And Confectionery, Dairy Products, Meat Products, Fruits And Vegetables, Convenience Food, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global eco friendly food packaging market in 2021.

Major Market Players in the eco friendly food packaging market include Amcor, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak, BASF, Huhtamaki Oyj, Westrock, Smurfit Kappa Group, Sonoco.

Technological advancement is a key trend gaining popularity in the eco-friendly food packaging market. Major market players are concentrating their efforts on creating innovative technologies for migrating to environmentally friendly food packaging solutions to reduce environmental impact and keep plastic out of landfills and the ocean. For example, in October 2022, HuhtamäkiOyj, a Finland-based consumer packaging company, launched an innovative, recyclable ice cream packaging solution based on paper-based technology. This packaging solution is constructed of 95% renewable biobased material thanks to a water-based barrier coating and paperboard that has received SFI certification. This innovation helps to reduce packaging costs, waste, and environmental pollution.

The Eco Friendly Food Packaging Global Market Report 2023  provides a eco friendly food packaging market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The eco friendly food packaging market forecast analyzes eco friendly food packaging market size, eco friendly food 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.

Eco-friendly food packaging refers to a process in which food is packaged using materials that are safe for the environment and can be degradable. The materials must be contained in order to prevent tampering or contamination from physical, chemical, or biological sources; active packaging is the most popular type of packaging used to keep food products safe.

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