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Zero Waste Packaging Market Size

Report ID: GMI11919
Published Date: Oct 2024
Report Format: PDF

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Zero Waste Packaging Market Size

The global zero waste packaging market was valued at USD 1.5 billion in 2023 and is estimated to grow at a CAGR of 9.4% from 2024 to 2032. A major factor driving growth in the market is the increasing consumer demand for sustainable and eco-friendly options, driven by greater awareness of environmental issues.

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Government regulations, such as stricter rules on plastic waste and carbon emissions, are encouraging companies to adopt zero-waste packaging solutions. Furthermore, improvements in compostable and recyclable packaging technologies allow businesses to meet sustainability targets while still ensuring product protection and shelf life, further boosting market growth.

For instance, in October 2024, TIPA announced its expanded portfolio of zero-waste compostable packaging at Pack Expo 2024 in Chicago. As demand for eco-friendly packaging rises, TIPA’s new offerings, including compostable paper-based laminations, target various markets. This marks another step in the company’s global expansion, particularly in North America.

Zero Waste Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Zero Waste Packaging Market Size in 2023:	USD 1.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	9.4%
2032 Value Projection:	USD 3.3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	260
Tables, Charts & Figures:	350
Segments covered:	Product Type, Material, End-use, Distribution Channel
Growth Drivers:	Increased demand from eco-conscious consumers Brand differentiation and market advantage Expansion of circular economy practices Investment in R&D for sustainable materials
Pitfalls & Challenges:	Supply chain complexity Cost of sustainable materials

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Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for zero waste packaging was valued at USD 1.5 billion in 2023 and is projected to reach USD 3.3 billion by 2032, driven by a CAGR of 9.4% from 2024 to 2032.

The compostable packaging segment is expected to exceed USD 1 billion by 2032, driven by increasing consumer awareness and demand for sustainable alternatives to traditional plastics.

North America held over 35% of the global market share in 2023, driven by robust consumer demand for sustainable packaging solutions and increasing environmental awareness.

Major players in the industry include Avani Eco, Biome Bioplastics, DS Smith, Evoware, GWP Group, Hero Packaging, Menasha Corporation, Mondi Group, Morro, NatureFlex, Notpla, Pappco Greenware, RePack, and Sulapac.