Report Highlights
The global market for sustainable packaging is estimated to increase from $278.1 billion in 2023 to reach $391.1 billion by 2029, at a compound annual growth rate (CAGR) of 6.0% from 2024 through 2029.
Report Includes
- 54 data tables and 49 additional tables
- An overview of the global market for sustainable packaging
- Analyses of the global market trends, with data from 2021-2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation of the market potential for sustainable packaging materials, based on material, process, end use, region and country
- Coverage of the latest technological developments in the industry
- Discussion of environmental issues concerning the use of plastic packaging material, the production of eco-friendly material packaging for food and beverages and consumer goods industries and the stringent government regulation of packaging materials
- Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices followed by leading companies, their ESG ratings, and consumer attitudes
- Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
- Company profiles of major players within the industry, including Amcor, Berry Global Inc., International Paper, Smurfit Westrock, and Sealed Air
Report Scope
This report analyzes the global sustainable packaging market, segmenting it based on material, process, and end user. Materials include paper, plastic, metal, and others (such as glass, wood, and textile). The paper-based packaging segment is further divided into corrugated/cardboard, boxboard/carton board, and flexible paper. Plastic-based packaging is divided into flexible and rigid packaging.
Based on the process, the market is further segmented into recycled, reusable, and biodegradable and bio-based packaging. The sustainable packaging market is segmented based on end user into 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 | $278.1 billion | ||||||||||||||||
| Market size forecast | $391.1 billion | ||||||||||||||||
| Growth rate | CAGR of 6.0% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Material, Process, End User | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Japan, China, India, South East Asia, South America, Middle East and Africa | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increase in recyclability of paper and paper packaging.
- High demand for recycled materials-based packaging.
- Growth in reusable packaging to achieve efficiency and environmental goals.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global sustainable packaging market should reach $351.4 billion by 2027 from $263.8 billion in 2022 at a compound annual growth rate (CAGR) of 5.9% for the forecast period of 2022 to 2027.
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