Green Packaging Market

Global Green Packaging Market Size (2024 to 2029)

Green Packaging Market was valued at USD 217.67 billion in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period to reach the value of USD 298.23 billion by 2029.

Green packaging, also known as sustainable packaging, employs components and production methods to lower energy consumption and lessen the damaging effects of packaging on the environment. Biodegradable and recyclable materials are frequently used in green packaging solutions in place of materials like plastic and Styrofoam. Additionally, green manufacturing techniques take measures to cut down on their energy usage and greenhouse gas emissions.

There are various issues that can affect the green packaging solution. The Institute of Scrap Recycling Industries (ISRI) released a set of rules and a new policy regarding the use of degradable additives in packaging. The degradable additives that haven't been thoroughly tested may not be 100% biodegradable. There might be plastic remains left over in the soil even after hundred years of decomposition of these materials. Finally, as these additives may contaminate other plastic and make it unrecyclable, they might be harmful to recycling procedures.

Global Green Packaging Market Drivers:

Increasing environmental safety concerns are the major factor contributing to the growth of the Global Green Packaging Market. The increased adoption of recycled and renewable products is further contributing to the growth of the Global Green Packaging Market. Green packaging aims to use as little fossil fuel energy as feasible, to lower the carbon footprint of packaging manufacturing. Green packaging strives to use alternative power, such as wind or solar energy, rather than relying on fossil fuels. The rising consumer awareness regarding the consequences of using fossil fuels leads to the high adoption of green packaging. Green packaging is highly used in the food packaging and health care industry. The growing demand for sustainable food packaging limiting the harmful impacts of packaging is further accelerating the growth of the Global Green Packaging market.

Additionally, plastic packaging is very harmful to marine life as more than 8 million tons of plastic get dumped into oceans leading to deaths of the marine animals. Making use of green packaging will help in reducing such terrible situations.  The stringent government rules to sustain the environment by limiting the cutting down of trees and encouraging to use of recycled and renewable products is an added factor contributing to the growth of the Global Green Packaging Market. The green packaging may not be degraded 100% in the soil as the degradable additives have not undergone comprehensive testing. There might be remains of the plastic even after using renewable resources. This might limit the growth of the Green Packaging market to a certain extent. Also, the cost of recycling is very low, and the recycling firms may not be able to generate profits. Hence, they try to charge additional fees to recover the difference. The high cost of recycled products might make the manufacture of green packaging expensive thereby restricting the demand for the Green Packaging Market.

Global Green Packaging Market Restraints:

Growing demand for fossil fuels and natural resources results in environmental degradation and biodiversity loss. The state of the environment will continue to deteriorate if current trends continue and if the world fails to implement solutions that improve current patterns of production and consumption. It is crucial to understand the changes in the environment and take effective measures to tackle the array of threats caused due to environmental degradation. The harmful effects of non-degradable products such as deteriorating marine life and rising air pollution are one of the most significant threats to environmental health in the world. According to the World Health Organization (WHO), 90% of people breathe contaminated air, so it is important to reduce air pollution to lower the incidence of respiratory diseases. Additionally, contaminated water contributes to five million annual deaths globally and other health issues. The dumping of plastics in the water is the major cause of the contamination of the water. Additionally, the oceans have become huge dumps for plastic. More than 8 million tons of plastic get dumped into oceans leading to deaths of the marine animals. Where energy accounts for 60% of global greenhouse gas (GHG) emissions, approximately 13% of the world population lacks access to electricity, and around 3 billion people depend on fossil fuels for cooking. Preventing the environment by reducing the number of wastes generated is one of the factors to protect the environment. This can be done by recycling, reusing, and reducing the materials with the aim of minimizing health and environmental issues. Green packaging helps in reducing the carbon footprint, fossil fuels, and CO2 emissions that are usually caused by the production of harmful plastic materials.

Packaging options that are environmentally friendly are no longer entirely optional. Government regulations, consumer preferences, and corporate standards frequently require enterprises to use sustainable packaging methods in order to lessen their impact on the environment. More environmentally friendly packaging must be used as a result of these environmental concerns.

REPORT COVERAGE: 

This research report on the Global Green Packaging Market has been segmented and sub-segmented based on material, process type, end-user & region. 

Global Green Packaging Market - By Material:

• Plastic
• Metal
• Glass
• Others

Based on Material, the plastic segment is expected to grow at a significant growth rate during the forecast period. Plastic is widely used in the world. Most of these plastics (hydrocarbon plastics) are traditionally derived from non-renewable oil-based materials. Green plastics, on the other hand, are biodegradable plastics that are typically composed of plant-based polymers. These plastics are gaining popularity because they can reduce greenhouse gas emissions, reliance on fossil fuels, and landfill volume. Green plastics have a wide range of applications, including the manufacture of disposable and long-lasting goods.

Global Green Packaging Market - By Process Type:

• Recycled Content Packaging
• Re-Usable Packaging
• Degradable Packaging

Based on process type, the Global Green Packaging Market is segmented into Recycled Content Packaging, Re-Usable Packaging, and Degradable Packaging. Recycled Content Packaging is projected to lead the market in the forecast period as it is widely used in many applications and provides essential packaging qualities that materials such as paper fail to deliver. Recycled products are more energy and water efficient than the other packaging processes. Green packaging frequently aims to achieve objectives such as using 100 percent post-consumer recycled paper and polymers. By using these materials again as raw materials to make new packaging products, businesses can lessen the pollution that comes from packaging wastes. increased usage of recycled content packaging by businesses seeking to differentiate their products and demonstrate environmental sustainability, as well as expanded collecting and processing capacity would facilitate growth in recycled content packaging.

Global Green Packaging Market - By End-User:

• Food and Beverages
• Healthcare
• Others

Based on End-User, the Global Green Packaging Market is segmented into Food and Beverages, Healthcare, and Others. The Food and Beverage segment is projected to dominate the Global Green Packaging Market in the forecast period. An innovative green packaging technology aims at reducing wastage and loss of food by preserving food quality and food safety issues thereby reducing food-borne illnesses and chemical contamination. The increasing demand for convenience food, packaged food, and ready-to-eat meals are the factors contributing to the growth of the food & beverages segment. Additionally, various companies are adopting recycled packaging materials to pack their food and beverages. This is contributing to the growth of the food & beverages segment. Also, several e-commerce companies delivering food online are switching to biodegradable packaging materials resulting in the growth of the green packaging market.

Global Green Packaging Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East
• Africa

Based on region, Europe is expected to dominate the Green Packaging Market with a significant CAGR during the forecast period. Various organizations such as The European Association of Plastics Recycling and Recovery Organization (EPRO), the European Organization for Packaging and the Environment (EUROPEN), and the UK-based Industry Council for Packaging and the Environment (INCPEN) are continuously attempting to produce recyclable and reusable materials-based packaging products. In addition to this, the stringent government rules restricting the use of single-use plastic and non-degradable products are generating a demand for green packaging products. As a result, several European companies have started adopting recyclable, and bio-degradable materials resulting in the growth of the green packaging market in Europe. Moreover, the expanding R&D focussing on the manufacture of bioplastic materials is accelerating the region’s growth.

The Asia-Pacific region is expected to expand at a substantial CAGR during the forecast period. The factors such as rising production and growing awareness regarding the importance of green packaging are driving the growth of the green packaging market in the region. In addition to this, the strict government rules banning the production of plastic and other non-degradable materials are creating a demand for recycled and renewable packaging materials ultimately resulting in the growth of green packaging materials in the region. Moreover, the countries like China and India are adopting eco-friendly packaging materials thereby increasing the region’s growth.

KEY MARKET PLAYERS:

Key Market Players of Global Green Packaging Market are Mondi Group, Sealed Air Corporation, Ball Corporation, Tetra Pak, Crown Holdings Inc, Basf, Huhtamaki Oyj, Westrock Company, Smurfit Kappa Group, Sonoco Products Company, Evergreen Packaging, Elopak, Winpak Ltd, Berry Global, Printpak Inc, Paperfoam, Sustainable Packaging Industries, Gwp Group, Swedbrand Groups.