Global Zero Waste Packaging Market Report and Forecast 2024-2032

Global Zero Waste Packaging Market Outlook

The global zero waste packaging market size reached approximately USD 2.25 billion in 2023. The market is further projected to grow at a CAGR of 9% between 2024 and 2032, reaching a value of USD 4.90 billion by 2032.

Key Trends in the Market

Zero waste packaging refers to packaging where every component can be recycled and reused, resulting in generation of no waste. These packaging solutions are designed on the principles of waste prevention and avoid disposal of trash in incinerators, landfills, and oceans, among others.

• Increasing consumer consciousness and environmental concerns are fuelling the zero waste packaging market growth as these packaging product generate no waste, help in conservation of natural resources, and reduce pollution generated from manufacturing, disposal, and extraction.

• The key players are introducing new materials and manufacturing processes with the aim to minimise waste and enhance the recycling process of the packaging materials. Emergence of alternative packaging solutions, biodegradable and composting materials, and plant-based plastics is further boosting the popularity of zero waste packaging.

• Expansion of e-commerce businesses and increased preference for online shopping has positively influenced the growth of the packaging sector. The rising focus of brands to minimise wastes associated with online shopping has promoted reuse and recycling of packaging materials.

Global Zero Waste Packaging Market Analysis

Based on type, the market is divided into reusable/recyclable packaging, compostable packaging, and edible packaging. By material, the market is categorised into biopolymer, paper and cardboard, glass packaging, and metal packaging. On the basis of application, the market is classified into healthcare, cosmetics and personal care, e-commerce, electrical and electronics, and food and beverages, among others. Based on region, the zero waste packaging market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• DS Smith Plc

• Ecovative LLC

• Avani Eco

• Notpla Limited

• World Centric 

• Hero Packaging

• PT. Evogaia Karya Indonesia (Evoware)

• TIPA Corp Ltd.

• PulpWorks LLC

• Arekapak GmbH

• Others

Market Share by Application

The food and beverage sector is anticipated to accounted for a significant zero waste packaging market share over the forecast period. The demand for convenience food due to aging population, hectic lifestyle, and mobility and extended shelf life offered by the product is growing, boosting the requirement for food and beverage packaging solutions. Food safety is one of the primary concerns of the manufacturers, fuelling the deployment of innovative packaging solutions, that provide enhanced security and can be completely recycled and reused.

Market Share by Region

North America holds a significant share of the market owing to the growing adoption of zero waste packaging by the consumers due to rising environmental concerns. Governments of countries such as the United Sates and Canada are taking steps to spread awareness regarding the importance of sustainable packaging options, resulting in increased  adoption of zero waste packaging solutions. The implementation of several regulations to reduce plastic waste generation is further boosting the zero waste packaging market demand.

Competitive Landscape

DS Smith Plc was founded in 1940 and is headquartered in London, United Kingdom. The paper mill company provides sustainable packaging solutions, recycling services, and paper products to their customers around the globe.

Ecovative LLC is a biotechnology research company that was founded in 2007 and is headquartered in New York, United States. The products produced by the company range from leather like textiles for sustainable packaging to high performance foams for beauty and apparel.

Avani Eco was established in 2012 and has its headquarters located in Bali, Indonesia. The company offers sustainable and eco friendly alternatives to the hazardous products that can be used both commercially and domestically.

Other zero waste packaging market players include Notpla Limited, World Centric, Hero Packaging, PT. Evogaia Karya Indonesia (Evoware), TIPA Corp Ltd., PulpWorks LLC, and Arekapak GmbH, among others.

Key Highlights of the Report