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Plant-Based Packaging Market Share

Report ID: GMI11603
Published Date: Sep 2024
Report Format: PDF

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Plant-Based Packaging Market Share

Amcor and Mondi Group held a significant market share in the market, each contributing uniquely to the sector's growth. Amcor holds a major share in the plant-based packaging industry due to its strong commitment to sustainability, innovation, and advanced packaging solutions. The company's extensive portfolio of eco-friendly products, including plant-based and recyclable materials, positions it as a leader in the market. Amcor’s investment in research and development, strategic partnerships, and global presence enables it to meet growing consumer and regulatory demands for sustainable packaging. Its ability to offer high-quality, scalable solutions has solidified its dominant position in the market.

Mondi Group holds a major share in the plant-based packaging industry due to its strong focus on sustainability and innovation in eco-friendly packaging solutions. The company has developed a wide range of biodegradable, compostable, and recyclable plant-based packaging materials, meeting the rising demand for greener alternatives. Mondi's global presence, commitment to circular economy principles, and partnerships with leading brands enable it to provide tailored, high-performance packaging solutions. Its emphasis on reducing environmental impact has helped secure its leadership in the market.

Plant-Based Packaging Market Companies

Major players operating in the plant-based packaging industry are:

Amcor
Mondi Group
Sealed Air
Tetra Pak
Stora Enso
Evergreen Packaging

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market was valued at USD 5.36 billion in 2023 and is projected to exceed USD 10 billion by 2032, registering a CAGR of over 9% during the forecast period of 2024-2032, driven by growing concerns over climate change.

The plant-based packaging industry from flexible packaging segment is expected to grow at a lucrative pace with a CAGR of over 9% over the forecast period, driven by its versatility and adaptability.

In 2023, the North America market held the largest share of over 35%, driven by its strong regulatory framework and high consumer demand for sustainable products.

The major players in the industry include Amcor, Mondi Group, Sealed Air, Tetra Pak, Stora Enso, and Evergreen Packaging.