Report Highlights
The global market for sustainable plastic packaging was valued at $81.6 billion in 2023. The market is expected to grow from $86.6 billion in 2024 to $122.4 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 7.2% from 2024 to 2029.
Report Includes
- 66 data tables and 42 additional tables
- An analysis of the current and future global markets for sustainable plastic packaging
- Analyses of global market trends, with market revenue data (sales figures) for 2023, estimates for 2024, forecast for 2025, and projected CAGRs through 2029
- Estimates of the market size and revenue forecasts for the sustainable plastic packaging market, with market share analysis by packaging type, end use application, and region
- Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
- Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices of leading companies, their ESG scores, and consumer attitudes
- Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
- Profiles of the leading companies, including Amcor plc, Berry Global Group Inc., Constantia Flexibles, NatureWorks LLC., and Plastipak Holdings Inc.
Report Scope
This report analyzes the global sustainable plastic packaging market by segmenting it based on packaging type and end user. On the basis of packaging type, the market is further segmented into recycled packaging, reusable packaging and bioplastic packaging. Recycled packaging is additionally segmented into R-PET, R-PE, R-PP, R-PS and others (such as R-PVC, R-PLA, etc.). Bioplastic packaging is additionally segmented into biodegradable and non-biodegradable bioplastic. The sustainable plastic packaging market is segmented based on end user into the following segments: food and beverage, industrial and chemical, healthcare, personal and home care, and others.
These market segments are analyzed at the global and regional levels. The base year for this analysis is 2023, and market estimates and forecasts are given from 2024 through 2029. The market estimates are provided in terms of revenue (in millions of U.S. dollars).
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $81.6 Billion | ||||||||||||||||
| Market size forecast | $122.4 Billion | ||||||||||||||||
| Growth rate | CAGR of 7.2% from 2024 through 2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Packaging Type, End User, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of the World (the Middle East and Africa, and Latin America) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing consumer preference for bioplastic.
- Growing use of bio-based flexible materials for primary packaging.
- Post-consumer recycled plastic packaging demand increases.
- Growth in reusable packaging to achieve efficiency and environmental goals.
Analyst Credentials
Noopur Deshmukh– Associate Consultant-Advanced Materials Research
Noopur Deshmukh has over six years of industry experience in market research and analysis, specializing in advanced materials. She has experience in several domains, such as chemicals, materials, polymers, packaging, technology, and others. She works majorly on research studies, data gathering, market estimation & forecast, and competitive analysis, and providing clients with custom reports based on their business requirements. Academically, Noopur holds a master’s degree in Marketing and a bachelor’s degree in Engineering.
Report Highlights
The global market for sustainable plastic packaging is estimated to increase from $90.0 billion in 2022 to reach $117.5 billion by 2027, at a compound annual growth rate (CAGR) of 5.5% during the forecast period of 2022-2027.
Report Includes
- 80 data tables
- A comprehensive overview of the global market for sustainable plastic packaging and related technologies
- Analyses of the global market trends, with historic market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Identification of new technologies and applications in the sustainable plastic packaging market and analysis of their growth potential in the coming years (2022-2027)
- Estimation of the actual market size for sustainable plastic packaging in USD million value terms, market forecast, and corresponding market share analysis by process, application, and region
- Coverage of the most important technological, economic, and environmental considerations in the sustainable plastic packaging industry
- Discussion of the viable technology drivers through a holistic review of various platform technologies for new and existing applications of sustainable plastic packaging
- Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, India, Japan, South Korea, France, Germany, U.K., Italy, and GCC countries
- Insight into the major technology challenges, issues and risks, government regulations, recent developments, and COVID-19 impact on the foldable smartphone market
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading industry players, including Amcor Ltd., Berry Global Inc., Huhtamaki Oyj, Mondi Group plc, Sealed Air Corp., Tetra Laval and Sonoco Products Co.
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