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Zero Waste Packaging Market Trends

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

Zero Waste Packaging Market Trends

A significant trend in the zero waste packaging industry is the emergence of bioplastic innovations, such as barley-based biocomposites. These 100% biodegradable materials are gaining traction as sustainable alternatives to conventional plastics. With their ability to decompose naturally within months, these bioplastics align perfectly with the zero-waste philosophy. This trend reflects a growing commitment from industries to adopt eco-friendly solutions that not only minimize plastic waste but also utilize renewable resources, thereby addressing the urgent need for sustainable packaging.
 

As consumer demand for environmentally responsible options rises, bioplastics are expected to play a crucial role in shaping the future of packaging. For instance, in June 2024, researchers at the University of Copenhagen introduced a barley-based bioplastic, a 100% biodegradable solution for food packaging, aligning with the zero-waste packaging movement. This biocomposite, made from natural materials like amylose and cellulose, decomposes within two months, offering a sustainable alternative to traditional plastics and reducing long-term environmental waste.

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.

Zero Waste Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 350
  • Countries covered: 18
  • Pages: 260
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