Green Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Green Packaging Market
The Green Packaging market size was valued at USD 295.28 billion in 2023, and the market is now projected to grow from USD 295.28 billion in 2024 to USD 462.71 billion by 2032, exhibiting a CAGR of 5.05% during the forecast period of 2024-2032.
Covid19 outbreak made companies offering required items cease to exist, therefore decreasing the need for green package. Limitation of natural resources in the future will bring up a requirement for eco-friendly commodities hence propelling business development to bring favorable circumstances in Green Packaging market growth.
Eco- friendly products are used to construct bioplastics, recyclable paper, plant-based biomaterials, and organic fabrics which make up the composition of green packaging. Sustainable food packaging is in high demand as it uses these non-reactive, biodegradable materials to protect food while reducing pollution that can be caused by ordinary plastics in Green Packaging market share.
Paper is the best plastic alternative many people use because paper usually needs to be thicker and this consequently makes it worse off regarding environmental issues when its carbon footprint is considered. Paper packaging has become more popular due to concerns over environmental problems related to plastics. For this cause, strict laws need to be put governing both institutions plus countries so that these areas can be kept clean besides coming up with means through which paper can be recycled.
Comprehensive Green Packaging Market
The Green Packaging market is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Type Analysis, by Application Analysis. The Type Analysis includes recycled content packaging, reusable packaging, and degradable packaging. The Application Analysis includes Food & Beverages, Consumer Products, Shipping, Chemicals, Others.
The Asia Pacific region lead the Green Packaging market by benefitting a market size of USD 114.87 billion in 2023 due to the increasing consumption of convenience food and beverages due to the high population density.
The top players in the market play a crucial role in the Packaging industry assuring industrial prospectus development and setting market standards. These players include, Ardagh Group SA (Dublin, Ireland), Amcor Limited (Zürich, Switzerland), Braskem SA (São Paulo, State of São Paulo, Brazil), Ball Corporation (Broomfield, Colorado, United States), Cargill Incorporated (Wayzata, Minnesota, United States), Caraustar Industries Incorporated (Austell, GA, United States), Cascades Incorporated (Kingsey Falls, Canada) these market players provide a competitive landscape.
In January 2024, Compostable protein packaging tray was introduced at the IPPE 2024 by SEE. It is made out of bio-based food-contact grade resin and is USDA-certified as being chemically derived from renewable wood cellulose with 54% bio-based content.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.05% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Types
Recycled Content Packaging
Reusable Packaging
Degradable Packaging
By Application
Food & Beverages
Consumer Products
Shipping
Chemicals
Others
By Geography
North America
- By Application
- By Country
U.S. (By Application)
Canada (By Application)
Europe
- By Application
- By Country
Germany (By Application)
UK (By Application)
France (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific
- By Application
- By Country
China (By Application)
Japan (By Application)
India (By Application)
ASEAN (By Application)
Rest of Asia Pacific (By Application)
Latin America
- By Application
- By Country
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
The Middle East & Africa
- By Application
- By Country
GCC (By Application)
South Africa (By Application)
Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Types Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID-19 on Global Green Packaging Market
- 5. Global Green Packaging Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Recycled Content Packaging
- 5.2.1.2. Reusable Packaging
- 5.2.1.3. Degradable Packaging
- 5.2.2. By Application (Value)
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Consumer Products
- 5.2.2.3. Shipping
- 5.2.2.4. Chemicals
- 5.2.2.5. Others
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. Latin America
- 5.2.3.5. Middle East & Africa
- 6. North America Green Packaging Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. Recycled Content Packaging
- 6.2.1.2. Reusable Packaging
- 6.2.1.3. Degradable Packaging
- 6.2.2. By Application (Value)
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Consumer Products
- 6.2.2.3. Shipping
- 6.2.2.4. Chemicals
- 6.2.2.5. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.1.1. By Application (Value)
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Consumer Products
- 6.2.3.1.1.3. Shipping
- 6.2.3.1.1.4. Chemicals
- 6.2.3.1.1.5. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application (Value)
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Consumer Products
- 6.2.3.2.1.3. Shipping
- 6.2.3.2.1.4. Chemicals
- 6.2.3.2.1.5. Others
- 7. Europe Green Packaging Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. Recycled Content Packaging
- 7.2.1.2. Reusable Packaging
- 7.2.1.3. Degradable Packaging
- 7.2.2. By Application (Value)
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Consumer Products
- 7.2.2.3. Shipping
- 7.2.2.4. Chemicals
- 7.2.2.5. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. Germany
- 7.2.3.1.1. By Application (Value)
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Consumer Products
- 7.2.3.1.1.3. Shipping
- 7.2.3.1.1.4. Chemicals
- 7.2.3.1.1.5. Others
- 7.2.3.2. UK
- 7.2.3.2.1. By Application (Value)
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Consumer Products
- 7.2.3.2.1.3. Shipping
- 7.2.3.2.1.4. Chemicals
- 7.2.3.2.1.5. Others
- 7.2.3.3. France
- 7.2.3.3.1. By Application (Value)
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Consumer Products
- 7.2.3.3.1.3. Shipping
- 7.2.3.3.1.4. Chemicals
- 7.2.3.3.1.5. Others
- 7.2.3.4. Italy
- 7.2.3.4.1. By Application (Value)
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Consumer Products
- 7.2.3.4.1.3. Shipping
- 7.2.3.4.1.4. Chemicals
- 7.2.3.4.1.5. Others
- 7.2.3.5. Rest of Europe
- 7.2.3.5.1. By Application (Value)
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Consumer Products
- 7.2.3.5.1.3. Shipping
- 7.2.3.5.1.4. Chemicals
- 7.2.3.5.1.5. Others
- 8. Asia-Pacific Green Packaging Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. Recycled Content Packaging
- 8.2.1.2. Reusable Packaging
- 8.2.1.3. Degradable Packaging
- 8.2.2. By Application (Value)
- 8.2.2.1. Food & Beverages
- 8.2.2.2. Consumer Products
- 8.2.2.3. Shipping
- 8.2.2.4. Chemicals
- 8.2.2.5. Others
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.1.1. By Application (Value)
- 8.2.3.1.1.1. Food & Beverages
- 8.2.3.1.1.2. Consumer Products
- 8.2.3.1.1.3. Shipping
- 8.2.3.1.1.4. Chemicals
- 8.2.3.1.1.5. Others
- 8.2.3.2. Japan
- 8.2.3.2.1. By Application (Value)
- 8.2.3.2.1.1. Food & Beverages
- 8.2.3.2.1.2. Consumer Products
- 8.2.3.2.1.3. Shipping
- 8.2.3.2.1.4. Chemicals
- 8.2.3.2.1.5. Others
- 8.2.3.3. India
- 8.2.3.3.1. By Application (Value)
- 8.2.3.3.1.1. Food & Beverages
- 8.2.3.3.1.2. Consumer Products
- 8.2.3.3.1.3. Shipping
- 8.2.3.3.1.4. Chemicals
- 8.2.3.3.1.5. Others
- 8.2.3.4. ASEAN
- 8.2.3.4.1. By Application (Value)
- 8.2.3.4.1.1. Food & Beverages
- 8.2.3.4.1.2. Consumer Products
- 8.2.3.4.1.3. Shipping
- 8.2.3.4.1.4. Chemicals
- 8.2.3.4.1.5. Others
- 8.2.3.5. Rest of Asia Pacific
- 8.2.3.5.1. By Application (Value)
- 8.2.3.5.1.1. Food & Beverages
- 8.2.3.5.1.2. Consumer Products
- 8.2.3.5.1.3. Shipping
- 8.2.3.5.1.4. Chemicals
- 8.2.3.5.1.5. Others
- 9. Latin America Green Packaging Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. Recycled Content Packaging
- 9.2.1.2. Reusable Packaging
- 9.2.1.3. Degradable Packaging
- 9.2.2. By Application (Value)
- 9.2.2.1. Food & Beverages
- 9.2.2.2. Consumer Products
- 9.2.2.3. Shipping
- 9.2.2.4. Chemicals
- 9.2.2.5. Others
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Application (Value)
- 9.2.3.1.1.1. Food & Beverages
- 9.2.3.1.1.2. Consumer Products
- 9.2.3.1.1.3. Shipping
- 9.2.3.1.1.4. Chemicals
- 9.2.3.1.1.5. Others
- 9.2.3.2. Mexico
- 9.2.3.2.1. By Application (Value)
- 9.2.3.2.1.1. Food & Beverages
- 9.2.3.2.1.2. Consumer Products
- 9.2.3.2.1.3. Shipping
- 9.2.3.2.1.4. Chemicals
- 9.2.3.2.1.5. Others
- 9.2.3.3. Rest of Latin America
- 9.2.3.3.1. By Application (Value)
- 9.2.3.3.1.1. Food & Beverages
- 9.2.3.3.1.2. Consumer Products
- 9.2.3.3.1.3. Shipping
- 9.2.3.3.1.4. Chemicals
- 9.2.3.3.1.5. Others
- 10. Middle East & Africa Green Packaging Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. Recycled Content Packaging
- 10.2.1.2. Reusable Packaging
- 10.2.1.3. Degradable Packaging
- 10.2.2. By Application (Value)
- 10.2.2.1. Food & Beverages
- 10.2.2.2. Consumer Products
- 10.2.2.3. Shipping
- 10.2.2.4. Chemicals
- 10.2.2.5. Others
- 10.2.3. By Country (Value)
- 10.2.3.1. GCC
- 10.2.3.1.1. By Application (Value)
- 10.2.3.1.1.1. Food & Beverages
- 10.2.3.1.1.2. Consumer Products
- 10.2.3.1.1.3. Shipping
- 10.2.3.1.1.4. Chemicals
- 10.2.3.1.1.5. Others
- 10.2.3.2. South Africa
- 10.2.3.2.1. By Application (Value)
- 10.2.3.2.1.1. Food & Beverages
- 10.2.3.2.1.2. Consumer Products
- 10.2.3.2.1.3. Shipping
- 10.2.3.2.1.4. Chemicals
- 10.2.3.2.1.5. Others
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Application (Value)
- 10.2.3.3.1.1. Food & Beverages
- 10.2.3.3.1.2. Consumer Products
- 10.2.3.3.1.3. Shipping
- 10.2.3.3.1.4. Chemicals
- 10.2.3.3.1.5. Others
- 11. Competitive Analysis
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Green Packaging Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Amcor Limited (Zürich, Switzerland)
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Types Portfolio
- 12.1.4. Financials (As per Availaibity)
- 12.1.5. Recent Developments
- 12.2. Ardagh Group SA (Dublin, Ireland)
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Types Portfolio
- 12.2.4. Financials (As per Availaibity)
- 12.2.5. Recent Developments
- 12.3. Ball Corporation (Broomfield, Colorado, United States)
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Types Portfolio
- 12.3.4. Financials (As per Availaibity)
- 12.3.5. Recent Developments
- 12.4. Braskem SA (São Paulo, State of São Paulo, Brazil)
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Types Portfolio
- 12.4.4. Financials (As per Availaibity)
- 12.4.5. Recent Developments
- 12.5. Caraustar Industries Incorporated (Austell, GA, United States)
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Types Portfolio
- 12.5.4. Financials (As per Availaibity)
- 12.5.5. Recent Developments
- 12.6. Cargill Incorporated (Wayzata, Minnesota, United States)
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Types Portfolio
- 12.6.4. Financials (As per Availaibity)
- 12.6.5. Recent Developments
- 12.7. Cascades Incorporated (Kingsey Falls, Canada)
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Types Portfolio
- 12.7.4. Financials (As per Availaibity)
- 12.7.5. Recent Developments
- 12.8. Other Key Players
- 13. Appendix
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