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Sustainable Plastic Packaging Market Trends

  • Report ID: GMI12411
  • Published Date: Nov 2024
  • Report Format: PDF

Sustainable Plastic Packaging Market Trends

The market is evolving with a strong emphasis on monomaterial packaging solutions designed to simplify recycling processes. Unlike multi-layered plastics that pose challenges in recycling due to their complex composition, monomaterials are made from a single type of polymer, enabling easier sorting and processing in existing recycling systems. This innovation not only improves recyclability but also aligns with circular economy principles by facilitating the recovery and reuse of materials.
 

Moreover, manufacturers are integrating modular packaging designs, where components like lids, labels, and containers are designed to be easily separated for proper disposal or reuse. This approach enhances efficiency in recycling while minimizing material waste. These trends underscore the industry's commitment to creating streamlined, resource-efficient packaging solutions that cater to both environmental goals and the practical demands of modern waste management systems.
 

The market faces notable restraints, particularly the limited infrastructure for recycling and composting, which challenges the efficient management of sustainable materials. Many regions lack adequate facilities to process biodegradable or compostable plastics, leading to gaps in effective end-of-life disposal and often resulting in these materials being directed to landfills instead. However, a promising new opportunity is emerging in the form of collaborative recycling partnership. Companies are increasingly partnering with local governments and environmental organizations to develop shared recycling hubs and community composting sites.
 

This approach not only enhances infrastructure but also encourages consumer participation in sustainable disposal practices, fostering a closed-loop economy and expanding accessibility to proper recycling and composting solutions across urban and rural areas. Additionally, blockchain technology integration offers an innovative opportunity to increase transparency and traceability in the packaging supply chain. By embedding blockchain-enabled QR codes, companies can allow consumers to verify the origin, composition, and sustainable practices behind the packaging, boosting consumer trust and ensuring regulatory compliance.
 

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The sustainable plastic packaging industry was valued at USD 98.8 billion in 2024 and is estimated to grow at a 5.9% CAGR from 2025 to 2034, driven by a focus on biodegradable solutions to reduce environmental impact.

The flexible segment held over 65% market share in 2024 due to increasing demand for lightweight, cost-effective, and eco-friendly packaging solutions.

North America's sustainable plastic packaging market recorded over 25% market share in 2024, driven by growing consumer awareness and regulatory pressures in the U.S.

Key players in the industry include Amcor, Berry Global, CHEP, Constantia Flexibles, Coveris, Greiner Packaging, GWP Group, Huhtamaki, IPL, Logos Pack, Mondi, ORBIS, Pack-Store, and Pactiv Evergreen.

Sustainable Plastic Packaging Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 19
  • Tables & Figures: 580
  • Countries covered: 18
  • Pages: 490
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