Zero Waste Packaging Market Forecasts to 2030 – Global Analysis By Product Type (Reusable/Recyclable Packaging, Compostable Packaging, Edible Packaging and Other Product Types), Material (Biopolymer, Paper and Cardboard, Glass Packaging, Metal Packaging a

Zero Waste Packaging Market Forecasts to 2030 – Global Analysis By Product Type (Reusable/Recyclable Packaging, Compostable Packaging, Edible Packaging and Other Product Types), Material (Biopolymer, Paper and Cardboard, Glass Packaging, Metal Packaging and Other Materials), Distribution Channel (Online, Offline, Supermarkets/Hypermarkets, Specialty Stores and Other Distribution Channels), Application and By Geography

According to Stratistics MRC, the Global Zero Waste Packaging Market is accounted for $2.33 billion in 2023 and is expected to reach $4.82 billion by 2030 growing at a CAGR of 10.92% during the forecast period. Packaging that produces zero waste is hailed as a new industrial revolution. It ensures that products will be packaged in a waste-free manner. The use, recycling, and reuse of trash are the main methods used to achieve this. Waste produced by packing supplies is a problem all over the world. A sizeable portion of the garbage also harms aquatic life and creates enormous islands of trash in the ocean or when it is buried in landfills.

According to the ocean literacy portal of UNESCO, currently, there are about 50-75 trillion pieces of plastic and micro-plastics in the ocean. 80 percent of marine pollution is caused by plastic waste and around 8 to 10 million metric tons of plastic end up in the ocean each year.

Market Dynamics

Driver

Increasing environmental awareness

The global Zero Waste Packaging market expected to drive growth during the forecast period. As demand increases, the largest companies in the world are rising to the occasion and implementing zero-waste packaging solutions. For instance, Coca-Cola recently unveiled its World without Waste Initiative, which aims to use 50% recycled materials to achieve 100% recyclable packaging. Additionally, it intends to recycle and collect one bottle or can for each item sold. In a similar vein, Unilever declared a 50% reduction in its reliance on virgin plastics. It made way for fresh methods of gathering and handling plastic packaging.

Restraint

Constructing infrastructure

The global Zero Waste Packaging market expected to hinder growth during the forecast period. The volume of waste produced by conventional packaging, which frequently ends up in landfills or the environment, cannot be handled by the system for managing waste currently in place. A more sustainable waste management system can be developed with the help of zero-waste packaging. However, this will necessitate further investment in new waste management infrastructure, such as composting and recycling facilities, to properly handle and process zero-waste packaging. Moreover, investing in this infrastructure and developing a more sustainable waste management system can be done in collaboration between governments and businesses.

Opportunity

Demand cutting-edge, strong, and dependable packaging solutions

The global Zero Waste Packaging market expected to drive growth during the forecast period. As the food and beverage industry and e-commerce continue to look for creative, reliable, and sustainable packaging solutions, it is anticipated that the zero-waste packaging market will expand significantly. Traditional brick-and-mortar businesses are being replaced by online retailers in many parts of the world. The rising demand for food delivery services on a global scale is also being driven by this. Major pharmacies have responded to Amazon by launching online ordering and delivery services, including Walgreens. As a result of this company's expansion, electronics, clothing, and other new services will be highly sought-after. However, a growing demand for eco-friendly packaging as well as technological developments like automation and 3D printing are expected to drive growth in the zero-waste packaging market.

Threat

Absence of regulation and standardization

The global Zero Waste Packaging market expected to hamper growth during the forecast period. Zero-waste packaging doesn't have standardized definitions or regulations, which could cause misunderstandings and inconsistent definitions, measurements, and implementations. Due to their uncertainty about what to look for when choosing sustainable packaging, consumers and businesses looking to adopt zero-waste packaging may face difficulties as a result. Additionally, Industry standards and regulations that provide clear guidelines and best practices for zero-waste packaging could be developed to address this threat.

Covid-19 Impact

The COVID-19 pandemic has had both favorable and unfavorable effects on the market for zero-waste packaging. Positively, the pandemic has raised people's awareness of health and hygiene issues, increasing demand for single-use products like disposable masks and gloves and possibly opening the door for the adoption of environmentally friendly single-use packaging. On the down side, the pandemic has slowed the adoption of zero-waste packaging in some industries and decreased the focus on sustainability for some businesses. It has also caused disruptions in supply chains and manufacturing processes. However, as the world begins to recover from the pandemic, there is a chance to create a more sustainable and resilient packaging ecosystem because the pandemic has also brought to light the significance of sustainability and resilience in our packaging systems.

The e-commerce segment is expected to be the largest during the forecast period

Due to the rising popularity of online shopping and consumer demand for environmentally friendly packaging options, the zero-waste packaging market's e-commerce packaging segment is anticipated to hold the largest share during the forecast period. Reusable packaging, such as tote bags or containers that can be given back to the retailer for further use, is another component of sustainable e-commerce packaging solutions. The e-commerce packaging market is predicted to grow and change as more businesses place a premium on sustainability and minimize their negative environmental effects. Furthermore, as companies look for ways to cut waste and boost efficiency in the e-commerce supply chain, the market for sustainable e-commerce packaging has sizable growth potential.

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

Over the forecast period, it is anticipated that the online segment will have the highest CAGR. This can be attributed to the growing prevalence of online sales on the global market, particularly in the wake of the coronavirus pandemic, which raised awareness of online sales platforms. A significant driver of the growth is the need for online transaction platforms caused by the pandemic's forced avoidance of public gatherings. Additionally, the segment's expansion is being aided by the growing affordability of internet access in developing economies. Another factor promoting industry growth is the expanding portfolio of social media vendors and their increased market penetration on a global scale.

Region with largest share

Due to the region's strong emphasis on sustainability and environmental protection, Europe holds the largest share of the zero-waste packaging market. The adoption of zero-waste packaging strategies has been facilitated in the area by policies and regulations put in place by the European Union with the goals of reducing waste and promoting sustainable packaging. Because of this, nations like Germany, France, and the United Kingdom have been at the forefront of the zero-waste packaging trend, with an increasing number of companies adopting sustainable packaging options in response to customer demand. However, other regions are also experiencing rapid growth, Europe's dedication to sustainability and environmental protection has made it a market leader in zero-waste packaging.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period. The rapid economic expansion, large and expanding population, and growing emphasis on sustainability in the Asia-Pacific region have all fueled the growth of the zero-waste packaging industry. China, Japan, and India are anticipated to be major growth engines within the region. Additionally, the region given that businesses and consumers are giving sustainability and environmental impact a higher priority in their purchasing decisions, the Asia-Pacific region has significant potential for growth in the zero-waste packaging market.

Key players in the market

Some of the key players in Zero Waste Packaging market include Aarohana Ecosocial Development, Amatech Inc., Amcor plc, Arekapak, Avani Eco., Berry Global Group, Biome Bioplastics Limited, Candy Cutlery, DS Smith plc, Ecovative LLC, Hero Packaging, Loliware Inc., Loop Industries Inc., Natural Vegan, Notpla Limited, Origin Materials, PulpWorks, Inc., Skipping Rocks Lab, UFP Technologies Inc. and World Centric.

Key Developments

In May 2022, as liners for its paper-based packaging alternatives for chilled, wet, fresh food, and frozen products, G. Mondini tested TIA’s biodegradable films. According to the organization, the collaboration will enable G. Mondini to provide Paperseal packaging solutions made of paper intended for use in food applications and compostable products.

In October 2021, Tetra Pak revealed its strategic alliance with Poka, demonstrating its dedication to zero waste. The collaboration will provide everyone involved in food production with the equipment, training, and technology required to speed up zero-waste processes.

In April 2019, PulpWorks, Inc. made the decision to partner with Electrolux as part of the Booster Program for the Electrolux Innovation Factory, which had invited a select group of firms to support Electrolux's innovation efforts. The goal of PulpWorks' efforts has been to provide a reliable, biodegradable, all-pulp-and-paper alternative that can reduce the annual production of billions of plastic blister packaging.

Product Types Covered
• Reusable/Recyclable Packaging
• Compostable Packaging
• Edible Packaging
• Other Product Types

Materials Covered
• Biopolymer
• Paper and Cardboard
• Glass Packaging
• Metal Packaging
• Other Materials

Distribution Channels Covered
• Online
• Offline
• Supermarkets/Hypermarkets
• Specialty Stores
• Other Distribution Channels

Applications Covered
• Food & Beverages
• Healthcare
• Cosmetics
• Personal Care
• Electrical & Electronics
• E-commerce
• Industrial
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2021, 2022, 2023, 2026, and 2030
- 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

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances