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Green Packaging Market Size (2024 - 2029)

The green packaging market is experiencing growth driven by increasing consumer awareness of environmental concerns and stringent government regulations. The market's expansion is fueled by the food and beverage industry's shift towards recyclable and biodegradable materials, alongside the pressure on regulators and businesses to reduce packaging's environmental impact. However, challenges such as changing regulatory standards, fluctuating raw material costs, and the effects of the COVID-19 pandemic on supply chains and plastic usage pose obstacles to market growth. Despite these challenges, the demand for sustainable packaging solutions continues to rise, influencing the market's trajectory.

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Market Size of Green Packaging Industry

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Green Packaging Market Summary
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

Green Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order
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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. 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. 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

Green Packaging Market Size FAQs

The Green Packaging Market size is expected to reach USD 282.75 billion in 2024 and grow at a CAGR of 7.81% to reach USD 411.81 billion by 2029.

In 2024, the Green Packaging Market size is expected to reach USD 282.75 billion.

Green Packaging Market Report Snapshots

Green Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)