Green Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Green Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global green packaging market size reached US$ 246 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 334 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Green packaging, or sustainable packaging, refers to the use of sustainable materials and manufacturing methods for the packaging of goods. It utilizes biodegradable and plant-based plastics along with recycled molded packaging and used polyethylene bags to produce various products. In comparison to the conventionally used synthetic packaging process, green packaging has a reduced carbon footprint, which helps to support human and ecological health in the long run. The process of green packaging further includes ways that limit the amount of waste and emissions generated in the manufacturing process.

The growing awareness regarding environmental conservation and sustainable living is one of the key drivers of the market. This, coupled with stringent governmental regulations for environment protection and the industrial trend of incorporating renewably sourced materials in the manufacturing process, is also significantly catalyzing the market growth. In addition to this, various industries have started to include green packaging as a part of their Extended Producers Responsibility (EPR). For instance, healthcare and food & beverage companies are opting for eco-friendly packaging products such as paper, glass, metal and plastic that can be easily recycled. Moreover, an increasing number of initiatives implemented by governments of both developed and emerging nations to encourage the incorporation of green packaging across various industries is also projected to drive the market in the coming years. Other factors contributing to the market growth include increasing research and development (R&D) activities and technological advancements in the manufacturing of green packaging materials such as bio-based resins.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global green packaging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on packaging type and end use industry.

Breakup by Packaging Type:

Recycled Content Packaging
Paper
Plastic
Metal
Glass
Others
Reusable Packaging
Drum
Plastic Container
Others
Degradable Packaging

Breakup by End Use Industry:

Food Industry
Beverage Industry
Healthcare Industry
Personal Care Industry
Others

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Amcor Limited, DuPont, Mondi Limited, Sealed Air Corporation, TetraPak International S.A, Ardagh Group Company, PlastiPak Holdings, Bemis Company, Uflex limited and ELOPAK AS, etc.

Key Questions Answered in This Report

1. What was the size of the global green packaging market in 2022?
2. What is the expected growth rate of the global green packaging market during 2023-2028?
3. What are the key factors driving the global green packaging market?
4. What has been the impact of COVID-19 on the global green packaging market?
5. What is the breakup of the global green packaging market based on the packaging type?
6. What is the breakup of the global green packaging market based on the end use industry?
7. What are the key regions in the global green packaging market?
8. Who are the key players/companies in the global green packaging market?