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Plastic-free Packaging Market Trends

  • Report ID: GMI11074
  • Published Date: Aug 2024
  • Report Format: PDF

Plastic-free Packaging Market Trends

As environmental concerns continue to grow, there is an increasing demand for biodegradable and compostable packaging materials. These alternatives to traditional plastic are designed to break down naturally, reducing wastage and pollution. Companies are investing in Research and Development (R&D) to create packaging that not only meets consumer demand for sustainability but also maintains the integrity and safety of the products. The push toward biodegradable packaging is particularly strong in the food and beverage industry, where there is a need for safe and sustainable options that can handle various storage conditions while being environmentally responsible.
 

Advancements in material science are driving innovation in the plastic-free packaging market. Researchers and companies are developing new materials, such as plant-based polymers, cellulose, and algae-derived packaging, which offer similar functionalities to plastic but without the environmental drawbacks. These innovations are making it possible to create plastic-free packaging that is durable, versatile, and capable of meeting the diverse needs of different industries. The trend toward material innovations is expected to continue, with a focus on creating cost-effective & scalable solutions that can replace plastic packaging on a large scale.
 

The growing emphasis on circular economy principles is shaping the plastic-free packaging industry. Companies are increasingly exploring reusable packaging solutions that can be part of a closed-loop system, where materials are continuously recycled or repurposed. This trend is particularly evident in industries such as retail and e-commerce, where packaging waste is a significant concern. Initiatives such as refillable containers, returnable packaging, and zero-waste packaging solutions are gaining traction as businesses and consumers seek to reduce wastage as well as the environmental impacts. The shift toward a circular economy is driving the adoption of plastic-free packaging and encouraging the development of innovative solutions that support sustainability goals.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for plastic-free packaging was valued at USD 8.2 billion in 2023 and is expected to record over 4% CAGR between 2024 and 2032, driven by global awareness regarding environmental issues.

The paper segment of the plastic-free packaging market is expected to register a 5% CAGR through 2032, due to its versatility, sustainability, and ease of recycling.

North America market accounted for a share of over 30% in 2023 and will grow rapidly through 2032, driven by increasing consumer awareness and pressure from environmental groups.

Amcor PLC, Mondi, Sealed Air Corporation, WestRock Company, Huhtamaki OYJ, Smurfit Kappa, Tetra Pak International S.A. among others.

Plastic-free Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 218
  • Countries covered: 23
  • Pages: 210
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