About Eco-Friendly Packaging
Eco-friendly packaging is any packaging material that is friendly to the environment and does not harm it in any way. For a packaging material to be eco-friendly, it should either be easily biodegradable and compostable, or something that can be reused and easily recycled when discarded. It is usually made of naturally derived materials and is nontoxic to the environment and living beings. Eco-friendly packaging is no longer a niche trend, but a rapidly growing movement driven by environmental concerns and consumer demand. The market for eco-friendly packaging has the potential to experience significant growth in the coming years. This will not only benefit the environment but also create new business opportunities and contribute to a more sustainable future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Eco-Friendly Packaging market is a promising and dynamic space with significant growth potential. By understanding the competitive landscape, key players, and market trends, businesses can position themselves for success in this rapidly evolving market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Eco-Friendly Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Evocative Design (United States), Sealed Air Corporation (United States), Logo Design NYC. (Canada), Faire Wholesale, Inc. (United States), Ecotone (Spain), TIPA (Sweden), Stora Enso (Finland), Sonoco Products Company (United States), BASF SE (Germany) and Remode (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are EcoCor, Inc. (United States), SPhere S.A. (France), Tetra Laval (Switzerland), Smurfit Kappa Group PLC (Ireland) and Mondi (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Eco-Friendly Packaging market by Type (Recyclable, Reusable and Biodegradable), Application (Food & Beverage, Healthcare, Personal Care & Cosmetics, Homecare and Others) and Region.
On the basis of geography, the market of Eco-Friendly Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Material, the sub-segment i.e. Paper will boost the Eco-Friendly Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Enviornmental Concern
Market Growth Drivers:
Rising demand for biodegradable packaging from the food and beverages industry and Stringent Government Regulation of Environment
Challenges:
Fluctuation in raw material price
Restraints:
Poor infrastructure facilities for recycling
Opportunities:
Growth of E-commerce industries. and Integrating sensors and tracking technologies into packaging
Market Leaders and their expansionary development strategies
In August 2023, BASF and HP started partnership to develop and commercialize recyclable and compostable 3D printing filaments, making sustainable product packaging a reality for additive manufacturing. This innovative collaboration has the potential to revolutionize the way we think about packaging and usher in a new era of sustainable manufacturing practices.
In November 2023, TIPA, a global leader in compostable packaging solutions for food and fashion, announced the US launch of its home compostable laminate for dry food and goods packaging such as spices, bread and snacks. It is also highly suited for packaged granola, fruit, and protein gummies.
Key Target Audience
Environmental Consumers, Government and Public Institutions, Packaging manufacturers and suppliers, Potential Investors, Market Research & Consultancy Firm and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.