Market Overview:

The Sustainable Packaging Market size is estimated to reach $625.05 billion by 2030, growing at a CAGR of 8.35% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Sustainable Packaging Market – By Material Type (Mechanically Recycled Plastics [PET, HDPE, LDPE, PP, Others], Chemically Recycled Plastics [PHA, Biobased PE, Biobased PET, PEF, TPS, PLA, PBT, Others], Bioplastics), By Application (Food Packaging, Food Services, Beverages, Shipping & Transport, Home & Petcare, Personal Care & Cosmetics), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Shift towards plant-based & renewable materials and Design for reusability & recycling are expected to create growth opportunities in the market during forecast period.

APAC Dominated the Market in 2023:

APAC accounted for the largest share of 28% of the Sustainable Packaging Market in 2023 followed by North America and Europe. In the private sector, Amazon India has been at the forefront of sustainability efforts since 2020. The company has demonstrated significant progress by reducing overall packaging waste, including single-use plastic, by an impressive 36% between 2020 and 2023. This proactive stance not only aligns with the changing regulatory landscape but also underscores the commitment of key players in the Asia Pacific region to address environmental concerns and contribute to sustainable packaging practices. 

Sustainable Packaging Market: Key Takeaways

Increased Demand for Biodegradable and Compostable Packaging:

As consumers become more environmentally conscious, there is growing pressure on manufacturers to provide packaging solutions that minimize environmental impact. Biodegradable packaging, derived from natural materials like starch, cellulose, and polylactic acid (PLA), breaks down more easily compared to traditional plastics. Compostable packaging goes a step further, designed to decompose under composting conditions. Governments worldwide are introducing stricter regulations on single-use plastics, further accelerating the shift to eco-friendly alternatives.

Rise of Recyclable Packaging Solutions and Circular Economy Practices:

As part of the global push toward circular economies, manufacturers are focusing on using recyclable materials such as PET (Polyethylene Terephthalate) and HDPE (High-Density Polyethylene) that can be reused multiple times. Advances in recycling technologies, such as chemical recycling, which breaks down plastics into raw materials for reuse, have made it easier to produce high-quality recycled packaging. Brands are investing heavily in packaging redesigns to ensure they meet recyclability standards, and extended producer responsibility (EPR) policies in many countries are encouraging companies to take back and recycle used packaging. 

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Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

8.35%

Market Size in 2030

$625.05 billion

Segments Covered

By Material Type, By Application

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

 

1.  International Paper Company

2.  Amcor Limited

3.  Westrock Company

4.  Ball Corporation

5.  Crown Holdings Inc.

6.  DS Smith PLC

7.  TetraPak International SA

8.  Ardagh Group SA

9.  Tetra Laval

      10. Mondi PLC


Recent Developments:

  •  In April 2022, Ardagh Group acquired Consol, the leading producer of glass packaging on the African continent, for an equity value of ZAR10.1 billion.
  •  In June 2023, Borealis has agreed to acquire Rialti, one of Europe's top manufacturers of mechanically recovered polypropylene (PP) compounds for injection molding and extrusion.

Sustainable Packaging Market: Competitive Landscape

Key companies profiled in the Sustainable Packaging Market are International Paper Company, Amcor Limited, Westrock Company, Ball Corporation, Crown Holdings Inc., DS Smith PLC, TetraPak International SA, Ardagh Group SA, Tetra Laval, Mondi PLC, and Others.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 
 
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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Mr. Venkat Reddy
IndustryARC
USA: (+1) 518-282-4727