Sustainable Packaging Market
PUBLISHED: 2023 ID: SMRC22716
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Sustainable Packaging Market

Sustainable Packaging Market Forecasts to 2028 - Global Analysis By Type (Paper, Metal, Plastic, Glass and Other Material Type), Packaging Type (Boxes, Bags, Bottles & Jars, Trays, Pouches & Sachets, Films, Drum and Other Packaging Types), Process (Recycled Packaging, Reusable Packaging and Degradable Packaging), End User and By Geography

4.2 (95 reviews)
4.2 (95 reviews)
Published: 2023 ID: SMRC22716

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $102.3 BN

Projected Year Value (2028)

US $175.5 BN

CAGR (2022 - 2028)

9.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Sustainable Packaging Market is accounted for $102.3 billion in 2022 and is expected to reach $175.5 billion by 2028 growing at a CAGR of 9.4% during the forecast period. Sustainable packaging has the least amount of negative impact on the natural environment. Sustainable packaging materials emit the least amount of pollution during manufacture, production, shipping, disposal, or recycling. Sustainable packaging is the development and use of packaging materials that are more environmentally friendly. The influence of a packaging material on the natural environment when compared to other materials defines its sustainability.

According to the survey, 2025 is predicted to be a watershed year for environmentally friendly packaging. Over 40% anticipate using innovative products and sustainable techniques during the next five years.



Market Dynamics:

Driver:

Growing government initiations

Packaging acts as a bridge between users and logistics organisations, and effective and sustainable packaging is essential for environmentally friendly logistics. Packaging demands more consideration when it comes to enhancing overall logistical efficiency. Sustainable packaging is an alternative to traditional wasteful packaging such as plastics. This policy seeks to lower logistics costs while while ensuring product safety and promoting sustainability. The Confederation of Indian Industry, as well as different user industries such as food and drinks, e-commerce, and 3PLs/4PLs, participated in this consultation. Renewable packaging, compostable poly mailers (bioplastics), recycled kraft shopping bags or filler, biodegradable packing tape and labels, recycled corrugated cardboard boxes and other packaging materials that create less trash are examples of these options. These objectives are multifaceted, encompassing many social, economic, and environmental factors which helps in enhancing the market growth.

Restraint:

Inadequate supply of bio-plastics and other materials

A global shortage of PLA is increasing the demand for eco-friendly alternatives to conventional plastic disposables. Natural catastrophes such as floods, tornadoes, and earthquakes have an impact on the availability of raw materials for bioplastic and biodegradable packaging solutions because these raw materials are often generated from fruits, vegetables, and agricultural commodities. Furthermore, the bioplastic market is small and specialised. Bioplastics have lower mechanical strength than their petrochemical-based competitors, and production costs are also impeding market growth.

Opportunity:

Replacement of conventional packaging with sustainable packaging

Some foodservice organisations are switching from single-use plastic straws, closures, lids, caps, cups, and food trays to paper or compostable alternatives. Over the forecast term, this programme is likely to generate significant growth prospects. To advance their green ambitions, companies such as Unilever and Procter & Gamble have begun to include post-consumer recycled plastics in their packaging solutions. Such initiatives are expected to give major players with possible growth prospects in the near future.

Threat:

High cost

Sustainable packaging is, naturally, more expensive than conventional packaging. This is because of the resources involved and how they are sourced (both virgin and used materials), but also because of the less-established supply chains, production methods, and poorer economies of scale. Moreover, Optimising Material Performance for Goods Protection when utilised for packaging extends beyond meeting customer expectations to the problem of food waste and/or product damage. Packaging's function is to protect the items contained within it, and there can be no compromises here thereby hindering the growth of the market.

Covid-19 Impact

The covid 19 epidemic had a minor impact on the sustainable packaging sector. Several vaccine and other medical productions have resulted in a strong demand for sustainable packaging options. As lockdowns were reduced in some cities, demand for takeaway and food delivery soared, as did awareness of the necessity of eco-friendly packaging. The manufacturing of sustainable packaging items was halted due to the rigorous lockdown. But, after the lockdown was lifted, the market experienced substantial growth. The manufacturing of sustainable packaging items was halted due to the rigorous lockdown. But, after the lockdown was lifted, the market experienced substantial growth.

The Paper segment is expected to be the largest during the forecast period

The Paper segment is estimated to have a lucrative growth, due to high-value and environmentally benign material. Paper benefits from being bio-based, biodegradable, and recyclable. This is owing to increased government initiatives to educate customers about the advantages of paper packaging and eco-friendly products, which is likely to support the growth of the sustainable packaging market. Paper benefits from being bio-based, biodegradable, and recyclable. Paper is utilised in a wide range of flexible packaging applications, including candy, pet food, and dry food. Paper-based flexible packaging is gaining favour among the general public after years of declining demand thus driving the market.

The Degradable Packaging segment is expected to have the highest CAGR during the forecast period

The Degradable Packaging segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its construction by entirely of bio-based or plant-based materials, but this is not the case. The molecular structure and strength of a material's polymer chain, rather than its source, determine its biodegradability. To biodegrade, the polymer structure of the substance must be able to disintegrate, or break down, into tiny fragments that microorganisms can safely ingest. This means that both bio-based and fossil-based polymers can be used to create biodegradable packaging thus propelling the market growth.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the largest Chinese e-commerce sites and express delivery services have actively reduced their use of packaging materials. SF Express, for example, employed recyclable packaging boxes that can be recycled an average of ten times. The firm has adopted more than 100,000 such boxes in first-tier and numerous second-tier domestic cities, mostly to replace paper boxes and plastic bags and reduce the use of foam blocks and tape. The company also stated that their actions are in response to the country's demand for long-term growth in the logistics sector. The rise of the Indian middle class, the rapid expansion of organised merchants, the expansion of exports, and India's emerging e-commerce industry are all anticipated to aid future development.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the strong efforts made by regional authorities, the North American sustainable packaging market accounts for the second-largest market share. Customers' desire for environmentally friendly products and green packaging, aided by government programmes, drives demand in the region. For example, to limit the amount of solid trash disposed of, the Canadian government has created many recycling infrastructures throughout the country and has severely banned the usage of polystyrene cups and containers. Furthermore, the sustainable packaging market in the United States had the biggest market share, while the sustainable packaging market in Canada was the fastest-growing market in the North American area.



Key players in the market

Some of the key players profiled in the Sustainable Packaging Market include Amcor plc, Smurfit Kappa, Gerresheimer AG, Sonoco Products Company, Ardagh Group S.A., WestRock Company, Crown Holding, Inc., Sealed Air, Mondi, Berry Global, International Paper, Genpak, LLC, DS Smith PLC, Printpack, Ball Corporation, Tetra Pak International S.A., International Paper Company, Albea S.A. and Huhtamaki OYJ

Key Developments:

In April 2023, Sonoco Expands Sustainable Packaging with EnviroFlex® Paper Pre-qualification for How2Recycle® Labeling, This pre-qualification comes as a result of Sonoco’s ongoing efforts to develop innovative, sustainable packaging solutions.

In March 2023, Sonoco Partners with GreenGasUSA to Reduce Emissions and Provide Renewable Energy in addition to the anaerobic treatment, a cover on the lagoon had been capturing the gases and routing them to a flare for destruction.

In Feb 2023, Gerresheimer and Corning announce joint venture to meet growing demand for Velocity® Vials, accelerating the delivery of lifesaving treatments, addressing the need for a high-quality and cost-effective injectable drug filling process.

In Nov 2022, Gerresheimer AG and Stevanato Group announce Collaboration on the Development of an innovative Ready-To-Use Vial Platform for the Pharmaceutical Industry, This collaboration is projected to help customers gain efficiencies, improve the quality standard, increase speed to market, reduce total cost of ownership (TCO) and help mitigate supply chain risk.

Material Types Covered:
• Tubs, Cups, Boxes, and Pots
• Paper
• Metal
• Plastic
• Glass
• Other Material Type

Packaging Types Covered:
• Boxes
• Bags
• Bottles & Jars
• Trays
• Pouches & Sachets
• Films
• Drums
• Other Packaging Types

Processes Covered:
• Recycled Packaging
• Reusable Packaging
• Degradable Packaging

End Users Covered:
• Pharmaceutical & Healthcare
• Cosmetics & Personal Care
• Food & Beverage
• Automotive & Electronics
• Chemicals
• Agriculture
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Sustainable Packaging Market, By Material Type
5.1 Introduction
5.2 Paper
5.2.1 Bleached Paperboard
5.2.2 Coated Unbleached
5.2.3 Molded Fiber Pulp
5.2.4 Corrugated Board
5.3 Metal
5.4 Plastic
5.4.1 Polyhydroxybutyrate (PHB)
5.4.2 Polylactic Acid (PLA)
5.4.3 Polybutylene succinate (PBS)
5.4.4 Polyhydroxyalkanoates (PHAs)
5.4.5 Starch-Based Plastic
5.5 Glass
5.6 Other Material Type

6 Global Sustainable Packaging Market, By Packaging Type
6.1 Introduction
6.2 Boxes
6.3 Bags
6.4 Bottles & Jars
6.5 Trays
6.6 Pouches & Sachets
6.7 Films
6.8 Drums
6.9 Other Packaging Types

7 Global Sustainable Packaging Market, By Process
7.1 Introduction
7.2 Recycled Packaging
7.3 Reusable Packaging
7.4 Degradable Packaging

8 Global Sustainable Packaging Market, By End User
8.1 Introduction
8.2 Pharmaceutical & Healthcare
8.3 Cosmetics & Personal Care
8.4 Food & Beverage
8.5 Automotive & Electronics
8.6 Chemicals
8.7 Agriculture
8.8 Other End Users

9 Global Sustainable Packaging Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Amcor plc
11.2 Smurfit Kappa
11.3 Gerresheimer AG
11.4 Sonoco Products Company
11.5 Ardagh Group S.A.
11.6 WestRock Company
11.7 Crown Holding, Inc.
11.8 Sealed Air
11.9 Mondi
11.10 Berry Global
11.11 International Paper
11.12 Genpak, LLC
11.13 DS Smith PLC
11.14 Printpack
11.15 Ball Corporation
11.16 Tetra Pak International S.A.
11.17 International Paper Company
11.18 Albea S.A.
11.19 Huhtamaki OYJ

List of Tables
1 Global Sustainable Packaging Market Outlook, By Region (2020-2028) ($MN)
2 Global Sustainable Packaging Market Outlook, By Material Type (2020-2028) ($MN)
3 Global Sustainable Packaging Market Outlook, By Paper (2020-2028) ($MN)
4 Global Sustainable Packaging Market Outlook, By Bleached Paperboard (2020-2028) ($MN)
5 Global Sustainable Packaging Market Outlook, By Coated Unbleached (2020-2028) ($MN)
6 Global Sustainable Packaging Market Outlook, By Molded Fiber Pulp (2020-2028) ($MN)
7 Global Sustainable Packaging Market Outlook, By Corrugated Board (2020-2028) ($MN)
8 Global Sustainable Packaging Market Outlook, By Metal (2020-2028) ($MN)
9 Global Sustainable Packaging Market Outlook, By Plastic (2020-2028) ($MN)
10 Global Sustainable Packaging Market Outlook, By Polyhydroxybutyrate (PHB) (2020-2028) ($MN)
11 Global Sustainable Packaging Market Outlook, By Polylactic Acid (PLA) (2020-2028) ($MN)
12 Global Sustainable Packaging Market Outlook, By Polybutylene succinate (PBS) (2020-2028) ($MN)
13 Global Sustainable Packaging Market Outlook, By Polyhydroxyalkanoates (PHAs) (2020-2028) ($MN)
14 Global Sustainable Packaging Market Outlook, By Starch-Based Plastic (2020-2028) ($MN)
15 Global Sustainable Packaging Market Outlook, By Glass (2020-2028) ($MN)
16 Global Sustainable Packaging Market Outlook, By Other Material Type (2020-2028) ($MN)
17 Global Sustainable Packaging Market Outlook, By Packaging Type (2020-2028) ($MN)
18 Global Sustainable Packaging Market Outlook, By Boxes (2020-2028) ($MN)
19 Global Sustainable Packaging Market Outlook, By Bags (2020-2028) ($MN)
20 Global Sustainable Packaging Market Outlook, By Bottles & Jars (2020-2028) ($MN)
21 Global Sustainable Packaging Market Outlook, By Trays (2020-2028) ($MN)
22 Global Sustainable Packaging Market Outlook, By Pouches & Sachets (2020-2028) ($MN)
23 Global Sustainable Packaging Market Outlook, By Films (2020-2028) ($MN)
24 Global Sustainable Packaging Market Outlook, By Drums (2020-2028) ($MN)
25 Global Sustainable Packaging Market Outlook, By Other Packaging Types (2020-2028) ($MN)
26 Global Sustainable Packaging Market Outlook, By Process (2020-2028) ($MN)
27 Global Sustainable Packaging Market Outlook, By Recycled Packaging (2020-2028) ($MN)
28 Global Sustainable Packaging Market Outlook, By Reusable Packaging (2020-2028) ($MN)
29 Global Sustainable Packaging Market Outlook, By Degradable Packaging (2020-2028) ($MN)
30 Global Sustainable Packaging Market Outlook, By End User (2020-2028) ($MN)
31 Global Sustainable Packaging Market Outlook, By Pharmaceutical & Healthcare (2020-2028) ($MN)
32 Global Sustainable Packaging Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
33 Global Sustainable Packaging Market Outlook, By Food & Beverage (2020-2028) ($MN)
34 Global Sustainable Packaging Market Outlook, By Automotive & Electronics (2020-2028) ($MN)
35 Global Sustainable Packaging Market Outlook, By Chemicals (2020-2028) ($MN)
36 Global Sustainable Packaging Market Outlook, By Agriculture (2020-2028) ($MN)
37 Global Sustainable Packaging Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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