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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Green Packaging Market Share
Recycled and reusable packaging segments equally lead in the market as they help minimise environmental impact
The recycled content packaging segment is expected to hold the largest share in the market. This segment includes paper, metal, plastic, and glass. Paper is widely used in recycled content packaging due to its recyclability and biodegradability. Companies are adopting sustainable packaging strategies by reducing packaging weight and using more recycled and renewable materials.
The reusable packaging segment in green packaging market report is expected grow at a significant rate during the forecast period. This segment includes drums, plastic containers, intermediate bulk containers, and other reusable packaging means. Drums are the most versatile and flexible green packaging solutions, enabling large-scale end-user sectors like chemicals, food and beverages, and construction to operate with a low carbon footprint or waste production.
The food and beverage segment is driving the market’s expansion and the healthcare segment is expected to witness the fastest growth
The food and beverages segment holds the largest green packaging market share due to increasing demand for eco-friendly packaging in manufacturing of dairy products, food items, and beverages. In June 2024, PepsiCo partnered with GreenDot Group to eliminate virgin fossil-based plastic in its snack bags across Europe by 2030, transitioning to 100% recycled or renewable materials.
The healthcare segment is expected to witness the fastest growth due to the increasing demand for biodegradable and recyclable packaging in pharmaceuticals and medical devices. Companies like Johnson & Johnson and Pfizer have adopted eco-friendly packaging solutions for their pharmaceutical products. Moreover, e-commerce, chemicals, and home care industries are also using green packaging solutions. Companies like FedEx and UPS have adopted eco-friendly packaging solutions for their shipping operations.
Green Packaging Market Report Snapshots
Green Packaging Market Analysis
Green Packaging Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the green packaging market reached an approximate value of USD 212.59 billion.
The market is expected to grow at a CAGR of 6.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 379.25 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising awareness of environmental protection, shift towards sustainable living, and the rising demands from healthcare, food, and beverage industries.
Key trends aiding market expansion include the stringent governmental regulations on environmental sustainability, rise of paper-based packaging, and technological advancements in manufacturing of packaging solutions.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of green packaging in the market are recycled content, reusable, and degradable packaging.
The major end uses include food, beverage, healthcare, and personal care industries.
Key players in the market are Amcor plc, DuPont de Nemours, Inc., Mondi plc, Sealed Air Corporation, and Plastipak Holdings, Inc., among others.
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