About Eco-friendly Food Packaging
Statistics indicate that consumer packaging causes the most amount of plastic and paper waste, which is about 20% of all waste in landfills. Eco-friendly packaging is known to others as green packaging or environment-friendly packaging, sustainable packaging. It is the use of earth-friendly materials to package a product. A company that uses eco-friendly packaging materials can communicate its values on environmental conservation to its consumers. Government initiatives toward eco-friendly packaging and Shift in consumer preferences toward recyclable and eco-friendly materials are the major drivers fuelling the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.09% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Eco-friendly Food 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.
Amcor (Australia), Crown Holdings Inc. (United States), BASF (Germany), Huhtamaki Oyj (Finland), Mondi Group (Austria), Sealed Air Corporation (United States), Ball Corporation (United States), Tetra Pak (Switzerland), Westrock Company (United States), Elopak (Norway), Winpak Ltd. (Canada), Berry Global (United States) and Smurfit Kappa Group (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sonoco Products Company (United States), Evergreen Packaging (United States), Printpak Inc. (United States), Paperfoam (Netherlands), Sustainable Packaging Industries (United States), Gwp Group (United Kingdom) and Swedbrand Groups (China).
Segmentation Overview
AMA Research has segmented the market of Global Eco-friendly Food Packaging market by Type (Recycled content packaging, Degradable packaging and Reusable packaging), Application (Food, Bakery & confectionery, Convenience food, Meat, fish, and poultry, Fruits & vegetables, Dairy products, Other food products, Beverages, Alcoholic beverages and Non-alcoholic beverages) and Region.
On the basis of geography, the market of Eco-friendly Food 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 Material, the sub-segment i.e. Paper & paperboard will boost the Eco-friendly Food Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technique, the sub-segment i.e. Active packaging will boost the Eco-friendly Food Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Recycled and Recyclable Materials, Optimize Packaging Design and The Concept of Lightweight Packing Is Gaining Momentum
Market Growth Drivers:
Government Initiatives toward Eco-Friendly Packaging, Shift in Consumer Preferences toward Recyclable and Eco-Friendly Materials and Breakthrough in New Technologies Driving the Growth of the Market
Challenges:
Fluctuations in Raw Material Prices
Restraints:
Poor Infrastructural Facilities for Recycling
Opportunities:
Advancements in Technologies for New Packaging Methods and High Growth Potential in the Green Packaging Market
Market Leaders and their expansionary development strategies
In October 2023, Huhtamaki, a leading Finnish packaging solutions company, announced the acquisition of Paboco, a Dutch pioneer in sustainable paper-based packaging. This strategic move strengthens Huhtamaki's portfolio of eco-friendly options, particularly in the European market.
In November 2023, NatureWorks, a leading manufacturer of bioplastics, and Stora Enso, a major forest products company, formed a strategic partnership to develop and deliver sustainable packaging solutions. Their combined expertise will accelerate the development of next-generation bio-based packaging materials.
Key Target Audience
Food & beverage product manufacturers, Eco-friendly packaging manufacturing Companies, Food safety agencies, Foodservice providers, Food & beverages Traders/Distributors, Food & beverages Importer/Exporters, Research & Consulting Firms, End Users 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.