North America Eco-friendly Food Packaging Market was worth USD XX million in 2020, so it is estimated to reach USD XX million by 2026, growing at a CAGR of XX%. Environmentally friendly food packaging is free of hazardous chemicals and plastic coatings, allowing it to decompose entirely with the help of microbes. As a result, the desire for sustainable and recyclable packaging is driving the eco-friendly food packaging market. In addition, biodegradable materials developments, growing consumer awareness of environmental issues, and stiffer restrictions are major market growth drivers. Therefore, biodegradable plastics are poised to take over as packaging raw materials from non-biodegradable polymers.
During the forecast period, factors such as rising demand for convenience meals and rising consumer awareness about health and wellbeing are expected to fuel the growth of the eco-friendly food packaging market. The garbage plastic created by the food and beverage industry, on the other hand, is a significant source of worry. To reduce waste, consumers choose an alternative to single-use plastics. As a result, today's packaging companies concentrate on producing recyclable, reusable, and biodegradable packaging. Furthermore, compared to traditional packaging, the manufacturing process of these materials has a low environmental impact and consumes significantly less energy. Therefore, the market's rise is primarily due to rising environmental concerns. Furthermore, strict laws for the disposal of plastics have been established, resulting in the adoption of biodegradable solutions.
The unpredictability of crude material prices and the availability of financially savvy and interchange agreements may hamper the worldwide eco-friendly food packaging market's growth. In addition, customers are unwilling to pay premium rates for packaging materials, which hinders the market's growth.
The North America Eco-friendly Food Packaging Market is segmented by Material, Application, and Packaging.
The paper segment is expected to witness the most significant market share for eco-friendly food packaging during the projected timeframe. During the projection period, the emulsifiers sector is predicted to be the market leader by ingredient. This is due to its increased use in the restaurant and retail industries and bulk food and beverage product transportation. Because of its degradability and recyclability, paper and paperboards are the most popular packing in the food and beverage industry. Due to the rise in environmental dangers, ready-to-eat, on-the-go, frozen & fresh foods are now provided and delivered in paperboard packaging. For shipment, rigid boxes are preferred. New items, on the other hand, are served on tough and molded paper and paperboards.
The market is segmented into Food &Beverages, Dairy Products, Meat & Related Products, Fruits, and Vegetables.
During the projection period, the food category held the most significant share of the global market. In 2019, the food segment accounted for the most revenue. Due to a shortage of time, consumers seek out convenient foods. In addition, the food industry's eco-friendly food packaging market is driven by consumer demands for food quality, hygiene, and increased health awareness. Beverages are primarily served in reusable or recyclable containers; food can also be done in biodegradable packaging, including paper and paperboards, supporting the development of the food segment.
The market can be categorized into Recycled Content, Reusable, and Degradable.
With the never-ending need for bottled water and non-alcoholic beverages, the market for biodegradable packaging in the beverage sector is likely to develop. The fear of illness as a result of drinking unclean tap water and the ease of travel and convenience are all factors that contribute to tahe demand for bottled water.
The North America eco-friendly food packaging market has emerged as a successful business. Due to significant R&D investments and breakthroughs, the region has seen remarkable product advances in packaging solutions. Furthermore, people in North America are concerned about environmental issues and global warming, raising the region's market value of environmentally friendly food packaging. Moreover, the expansion of the sustainable packaging market is aided by tight food safety rules in the United States and Canada. The United States dominates the regional market owing to its booming e-commerce sector.
Impact of COVID-19 on North America Eco-friendly Food Packaging Market
Many firms have begun to lose their commitment to the long-term objective of reducing plastic after the outbreak of COVID-19. According to certain studies, the virus can be transferred through cardboard and plastic, leading to an increase in the usage of single-use materials to wrap products in supermarkets, such as cling film for fruits and vegetables. COVID-19's increase in single-use plastic has harmed the biodegradable food industry; not only has the supply chain been disrupted, but demand has also suffered. The commencement of COVID-19 had a significant impact on the eco-friendly food packaging market, resulting in substantial revenue losses for end-users such as food and drinks. Even though demand for fresh foods and beverages was high in 2020, the market suffered considerable revenue losses. During this time, eco-friendly packaging was made mandatory to maintain the packaging industry's decorum.
Despite the possibility of a virus, the demand for environmentally friendly food packaging is declining at the industrial level. The packaging sector has suffered a decreasing trend due to low stock availability. Still, it is predicted to regain its structure in the following years as the benefits of eco-friendly packaging become more apparent.
Major Players in the North America Eco-friendly Food Packaging Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Eco-friendly Food Packaging Market , By Material
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Eco-friendly Food Packaging Market , By Application
6.2.1 Food &Beverages
6.2.2 Dairy Products
6.2.3 Meat & Related Products
6.2.6 Market Size Estimations & Forecasts (2021-2026)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Eco-friendly Food Packaging Market , By Packaging Type
6.3.1 Recycled Content
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Eco-friendly Food Packaging Market , by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Material
7.2.3 By Application
7.2.4 By Packaging Type
8. Key Player Analysis
8.1 Universal Paper Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Tetra Pak International SA
8.3 Smurfit Kappa Group PLC
8.4 Amcor Limited
8.5 Mondi PLC
8.6 Ball Corporation
8.7 Crown Holdings Inc.
8.9 Evergreen packaging
8.10 Berry Global
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures