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Green Packaging Market Trends

  • Report ID: GMI11652
  • Published Date: Oct 2024
  • Report Format: PDF

Green Packaging Market Trends

The green packaging industry is experiencing a notable shift toward sustainability and innovation. Companies are increasingly turning to materials, such as algae, bamboo, and recycled paper, to minimize environmental impact. Algae-based packaging, is gaining popularity due to its biodegradability and minimal resource requirements, exemplified by products such as Notpla’s edible water pods and Evoware’s seaweed-based food wrappers. Additionally, advancements in biodegradable films and compostable materials are meeting rising consumer demand for eco-friendly packaging solutions, with startups investing significantly in new technologies to improve the functionality and sustainability of these materials.
 

Another key trend is the rise of circular economic practices within the green packaging sector. Companies are not only focusing on sustainable materials but also on designing packaging solutions that can be easily recycled or composted. This includes innovations such as plant-based coatings and reusable packaging systems. Additionally, brands are increasingly transparent about their sustainability efforts, leveraging certifications and environmental claims to appeal to eco-conscious consumers. As regulatory pressures and consumer preferences shift toward greener solutions, the global market is expected to continue expanding, driven by ongoing research and development in sustainable materials and practices.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for green packaging was valued at USD 287.5 billion in 2023 and is expected to grow at a CAGR of over 5% from 2024 to 2032, driven by rising environmental awareness among consumers.

The green packaging industry from reusable packaging segment is anticipated to register a CAGR of over 10% during the forecast period, driven by its ability to significantly reduce waste and resource consumption.

North America held a significant share of over 25% in the global green packaging industry in 2023, driven by growing environmental consciousness and stringent government regulations promoting sustainable practices.

Key players in the market include Amcor, Ball Corporation, DuPont, Mondi, Sealed Air, TetraPak, and WestRock.

Green Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 280
  • Countries covered: 21
  • Pages: 240
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