Who are the key players in Green Packaging Market?

Amcor Limited, Ardagh Group SA, Ball Corporation, Crown Holdings Incorporated and DS Smith PLC are the major companies operating in the Green Packaging Market. Read More

Which is the fastest growing region in Green Packaging Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Green Packaging Market?

In 2024, the North America accounts for the largest market share in Green Packaging Market. Read More

What years does this Green Packaging Market cover, and what was the market size in 2023?

In 2023, the Green Packaging Market size was estimated at USD 262.27 billion. The report covers the Green Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Green Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Green Packaging Market Size

Market Size of Green Packaging Industry

Study Period	2019 - 2029
Market Size (2024)	USD 282.75 Billion
Market Size (2029)	USD 411.81 Billion
CAGR (2024 - 2029)	7.81 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Major Players *Disclaimer: Major Players sorted in no particular order

Green Packaging Market Analysis

The Green Packaging Market size is estimated at USD 282.75 billion in 2024, and is expected to reach USD 411.81 billion by 2029, growing at a CAGR of 7.81% during the forecast period (2024-2029).

Increasing Awareness About Environmental Concerns Among Consumer Industries and Stringent Government Regulations drive the market.

The rising food and beverage industry, embracing packaging produced from recyclable and biodegradable materials at a constant rate, has severe limits on the use of single-use plastics. Increased consumer awareness of sustainable packaging contributes to this trend.
Also, packaging contributes to the high costs of goods and trash disposal. For example, out of every USD 10 spent on commodities, USD 1 goes toward the cost of the packaging. That's 10% of consumer spending going toward packaging, which will eventually end up in the garbage.
Furthermore, the issues above are putting pressure on regulators, end-user businesses, and packaging firms to find a replacement that will reduce the environmental impact of packaging and provide sustainable and environmentally friendly packaging solutions, causing the market for green packaging to expand.
However, changing regulatory standards, fluctuating raw material costs, increasing waste volumes, and rising environmental waste regulations have expected to hinder the market growth during the forecast period. This will enable companies operating in this market segment to develop new products that are potentially disruptive and also reduces the current risks in the market.
The COVID-19 outbreak has affected international trade and supply chains of essential and non-essential goods and services. With the spread of COVID-19 across the world, businesses have suffered significantly. The studied market has been negatively impacted due to the pandemic. Many governments have postponed the ban on single-use plastic, and the pandemic witnessed growth in the usage of plastic packaging due to significant growth in online shopping and e-commerce.

Green Packaging Industry Segmentation

Green packaging, also known as sustainable packaging makes use of materials and manufacturing methods for the packaging of goods that has a significantly low impact on both energy consumption and the environment.

The Green Packaging Market is segmented by Type of Packaging (Recycled Content Packaging (Paper, Metal, Plastic, Glass), Reusable Packaging (Drums, Plastic Containers, Intermediate Bulk Containers), Degradable Packaging), End User Industry (Food, Beverage, Pharmaceutical, Personal Care), and Geography.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Type of Packaging

Recycled Content Packaging
	Paper
	Metal
	Plastic
	Glass

Reusable Packaging
	Drums
	Plastic Containers
	Intermediate Bulk Containers
	Other Reusable Packing

Degradable Packaging

End User Industry
		Food
		Beverage
		Pharmaceutical
		Personal Care
		Other End User Industry

Geography

North America
	United States
	Canada

Europe
	United Kingdom
	Germany
	France
	Italy
	Rest of Europe

Asia Pacific
	China
	Japan
	India
	South Korea
	Rest of Asia Pacific

Latin America

Middle East and Africa

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Green Packaging Market Size Summary

The green packaging market is experiencing significant growth, driven by increasing consumer awareness of environmental issues and stringent government regulations. The food and beverage industry is a major contributor to this trend, as it increasingly adopts packaging made from recyclable and biodegradable materials, reducing reliance on single-use plastics. This shift is further propelled by the high costs associated with traditional packaging and waste disposal, prompting regulators and businesses to seek sustainable alternatives. Despite challenges such as fluctuating raw material costs and changing regulatory standards, the market is poised for expansion as companies innovate to meet these demands. The COVID-19 pandemic initially hindered progress by increasing plastic usage due to a rise in online shopping, but the long-term trend towards eco-friendly packaging remains strong.

North America leads the global green packaging market, with consumer preferences for eco-friendly products driving rapid adoption. The United States, in particular, is expected to see significant growth as manufacturers adapt to evolving consumer demands. Governments worldwide are also responding to the increasing volume of packaging waste by promoting biodegradable options. The market is moderately competitive, with major players like Amcor Limited, Ardagh Group SA, and Ball Corporation focusing on expanding their international consumer base and enhancing profitability through strategic collaborations. Recent developments, such as Mondi's sustainable packaging portfolio and Ardagh's new plant in France, highlight the industry's commitment to meeting growing demand and advancing sustainability goals.

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Green Packaging Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Industry Supply Chain Analysis
3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.3.1 Bargaining Power of Suppliers
  2. 1.3.2 Bargaining Power Of Consumers
  3. 1.3.3 Threat of New Entrants
  4. 1.3.4 Threat of Substitutes
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type of Packaging
  1. 2.1.1 Recycled Content Packaging
    1. 2.1.1.1 Paper
    2. 2.1.1.2 Metal
    3. 2.1.1.3 Plastic
    4. 2.1.1.4 Glass
  2. 2.1.2 Reusable Packaging
    1. 2.1.2.1 Drums
    2. 2.1.2.2 Plastic Containers
    3. 2.1.2.3 Intermediate Bulk Containers
    4. 2.1.2.4 Other Reusable Packing
  3. 2.1.3 Degradable Packaging
2. 2.2 End User Industry
  1. 2.2.1 Food
  2. 2.2.2 Beverage
  3. 2.2.3 Pharmaceutical
  4. 2.2.4 Personal Care
  5. 2.2.5 Other End User Industry
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
  2. 2.3.2 Europe
    1. 2.3.2.1 United Kingdom
    2. 2.3.2.2 Germany
    3. 2.3.2.3 France
    4. 2.3.2.4 Italy
    5. 2.3.2.5 Rest of Europe
  3. 2.3.3 Asia Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 South Korea
    5. 2.3.3.5 Rest of Asia Pacific
  4. 2.3.4 Latin America
  5. 2.3.5 Middle East and Africa