Sustainable Packaging Market: By Material (Paper & Cardboard, Plastic, Metal & Glass), By Process (Recycled, Reusable & Degradable), By Function (Active, Molded Pulp & Alternative Fiber), By Application (Food & Beverage, Healthcare & Pharmaceutical, Chemical and Others), and By Region – Global industry sizing, growth, trend, opportunity and forecast (2021-2027)
The Sustainable Packaging Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating globally . It involves in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes in the market, capturing all aspects of the sustainable packaging industry.
Sustainable Packaging Industry Outlook
The global sustainable packaging market size is USD 285.2 billion in 2020 and is expected to grow at a CAGR of 4.4% over the forecast period to reach USD 457.2 billion by 2027. The sustainable packaging market is driven by strict sustainability laws, the growth of the packaging industry, and changing consumer preferences for sustainable and environmentally friendly packaging materials.
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The rapid growth of the industrial and manufacturing sector in emerging economies, especially in Asia-Pacific, is due to the continuous increase in foreign direct investment in promoting manufacturing industry in the respective economies. This, in turn, increases the demand for durable packaging for safety reasons, providing growth to the market.
The expansion of the market is driven by numerous applications across various verticals including retail, healthcare, and food & beverage. Growing awareness of the detrimental environmental impact of plastics, such as soil pollution and loss of soil fertility, has increased the adoption of sustainable packaging in the market.
The cost of recycling, however, acts as a drag on the market. Growth in the economically improving Asia-Pacific region provides an opportunity to expand even further into the sustainable packaging market.
The challenge facing the sustainable packaging market prices is to overcome the problems caused by fluctuations in raw material prices. This has had a significant negative impact on sales of sustainable packaging in the industrial sector across the world.
Impact of COVID-19 on the sustainable packaging market:
The COVID-19 outbreak has led to a rapid increase in demand for sustainable packaging across several sectors, primarily healthcare and industrial sectors. The industrial sector, including manufacturing, oil and gas, food and beverage, has increased the use of sustainable packaging to follow the safety guidelines issued by the respective governments, in an effort to contain the spread of the virus. virus. This is expected to create many opportunities for new players and small players to mark their presence in the regional market and offer low prices and high quality products to end users. Hence, with the outbreak of COVID-19, there is a significant increase in the demand for sustainable packaging that has been witnessed across the globe, which has positively impacted the sustainable packaging market value in 2020 and the following years.
The report outlines the study of the global Sustainable Packaging market based on material, process, function, and application.
On the basis of material, the sustainable packaging market has been segmented into -into-
- Paper and cardboard
Based on the process, the sustainable packaging market has been segmented into –
On the basis of function, the sustainable packaging market has been segmented into –
- molded paste
- Alternative fiber
Based on Application, the Sustainable Packaging Market has been segmented into –
- food and drinks
- Health & Pharmaceutical
Sustainable packaging market: regional perspectives
The global sustainable packaging market has been segmented into five geographical regions: North America, Asia-Pacific, South America, Europe, Middle East & Africa. In 2019, Asia-Pacific held the largest share of the global sustainable packaging market, followed by Europe and North America.
Additionally, North America is expected to project the highest CAGR in the global market during the forecast period.
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Leading Competitors in the Global Sustainable Packaging Market include-
The global sustainable packaging market is highly fragmented, with a large number of small players across the globe. Key Sustainable Packaging players operating in the global market include-
- Amcor Limited
- Bemis Company, Inc.
- Tetra Laval International
- Mondi Plc
- West Rock Company
- BASF SE
- Sonoco Product Company
- Smurfit Kappa Group PLC
- Huhtamaki OYJ
- Airline Sealed
- Bay Global Inc.
- Genpak LLC
- Du Pont
- Plastipak CORPORATION.
The Sustainable Packaging Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.
The Sustainable Packaging Market report covers comprehensive analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent Analysis
- Competition landscape
- More than 15 company profiles
Regional Analysis of Sustainable Packaging Market Includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
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Sustainable packaging market: target audience
- Sustainable packaging manufacturers
- Packaging manufacturers
- Packaging Exporters, Distributors and Suppliers
- End user industries and companies
- E-commerce companies
- Trade publications and magazines
- Government authorities, associations and organizations