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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Green Packaging Market Analysis by Region
North America to witness rapid adoption of eco-friendly packaging in lieu of rising packaging waste
North American region is witnessing significant growth in adoption of green packaging due to increasing consumer awareness of environmental issues and supportive government laws. For instance, the United States produces up to 80 million metric tons of packaging waste annually , with food and beverage goods accounting for around half of this waste. This creates a mandate for a transition towards green packaging. Companies like Nestle and Unilever have recently promised to reduce the environmental impact of their packaging. In addition, McDonald's plans to adopt 100% sustainable packaging by 2025.
Asia Pacific is expected to dominate the green packaging market in the future due to the increasing consumption of convenience food and beverage products in this region and rise of e-commerce. The region’s growth is further driven by increasing government initiatives and regulations. In 2019, China implemented a ban on single-use plastics, which has led to a significant shift towards reusable and biodegradable packaging materials. Many countries in the region are also investing in recycling infrastructure to support the growth of eco-friendly packaging. For instance, Japan has set a goal to recycle 60% of its waste by 2030.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124