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The green packaging market share is expected to increase by USD 118.88 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.63%.
This green packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by product (recyclable, reusable, and degradable), end-user (food industry, beverage industry, healthcare industry, personal care industry, and others), and geography (APAC, North America, Europe, South America, and MEA). The green packaging market report also offers information on several market vendors, including Amcor Plc, Ball Corp., Be Green Packaging, Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Evergreen Packaging LLC, Mondi Group, Nampak Ltd., and Sealed Air Corp. among others.
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"The US is one of the largest manufacturers and consumers of green packaging in North America, and the region witnessed a continuous increase in consumer expenditure on packaged goods in the past five years."
The growing demand for bio-based resins as a packaging material is notably driving the green packaging market growth, although factors such as a rise in the prices of green packaging solutions due to the high cost of bio-based resins may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the green packaging market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Green Packaging Market Key Driver
One of the key factors driving growth in the green packaging market is the growing demand for bio-based resins as a packaging material. The packaging solutions manufactured from renewable bio-based resins or bio-based polymers, such as starch, cellulose, bio-epoxy, and polyglycolic acid, are helping businesses to reduce their reliance on fossil fuels. DuPont has developed Biomax Strong and Surlyn polymers for the manufacturing of packaging solutions. Bio-based resins have no or minimal effects on the environment. The degradation of polymer resins is generated by products such as water and hydrocarbons, which do not harm the environment. For instance, the use of Biomax Strong to the renewably sourced polylactic acid increases the strength of the material and reduces the energy consumption during extrusion by 30%. Thus, the growth in the demand for sustainable packaging materials across the value chain is driving the growth of the global green packaging market.
Green Packaging Market Key Trend
The rising demand for green packaging from emerging countries is another major factor supporting the green packaging market share growth. The main reason for the growth of the market in such countries is the change in the perception of retailers and consumers about packaging materials as packaging waste accounts for a large share of the global plastic waste. The rise in the number of landfills with plastic waste is increasing the emission of greenhouse gases, which will harm the environment. The rising global concerns regarding global warming have forced countries across the globe to draft a global agreement, namely the Paris Agreement or COP 21, on the reduction of the climate change impact. The growing demand for sustainable business development in emerging countries will strengthen the global demand for green packaging solutions.
Green Packaging Market Key Challenge
The rise in the prices of green packaging solutions due to the high cost of bio-based resins will be a major challenge for the green packaging market. The uncertainty in the demand and supply of bio-based resins has increased the volatility of the prices of raw materials. The cost of producing biodegradable polymers is 25%-75% higher than that of conventional plastics. The high cost of polymers increases the production cost of packaging solutions. The global green packaging market is at the nascent stage, and the degree of competition is high in the market. A rise in production costs will reduce the profit margin of the packaging vendors.
This green packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global green packaging market as a part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps.
The global containers and packaging products market includes the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers, and paper packaging. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.
The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. The global containers and packaging products market includes the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers and paper packaging.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the green packaging market encompasses successful business strategies deployed by the key vendors. The green packaging market is fragmented and the vendors are deploying growth strategies such as product differentiation and price differentiation. to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The green packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the green packaging market, which vendors can leverage to gain competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of metal and glass containers market products includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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47% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for green packaging market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The surge in demand for sustainable packaging solutions from the food and beverage, pharmaceutical, e-commerce, and organized retail industries in countries such as China, India, Australia, Singapore, Japan, Malaysia, and South Korea will facilitate the green packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak led to the temporary shutdown of production units of end-user industries, such as personal care, in 2020. owever, the market in this region is expected to recover and grow during the forecast period. The legal cannabis market report has further insights to estimate the COVID recovery rate in all the regions.
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The green packaging market share growth by the recyclable segment will be significant during the forecast period. The growing global awareness of the need for recyclable and sustainable packaging solutions is the major factor driving the growth of this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the green packaging market size and actionable market insights on post COVID-19 impact on each segment.
APAC Green Packaging market - The market share will grow by USD 40.96 billion by 2021.
US Green Packaging market - The market share will grow at a CAGR of 6.16 percent over the period 2014-2019.
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Green Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.63% |
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Market growth 2021-2025 |
$ 118.88 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.87 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
US, China, UK, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
Amcor Plc, Ardagh Group SA, Ball Corp., Be Green Packaging, BioMass Packaging, Clondalkin Group Holdings BV, Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Ecologic, Elopak AS, Evergreen Packaging LLC, Mondi Group, Nampak Ltd., Sealed Air Corp., SGD Pharma, Stora Enso Oyj, Sustainable packaging industries, Tetra Laval International SA |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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