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Sustainable Packaging: Global Markets

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    Report

  • 141 Pages
  • September 2024
  • Region: Global
  • BCC Research
  • ID: 5591420
Description Jump to:

The global market for sustainable packaging is estimated to increase from $278.1 billion in 2023 to reach $391.1 billion by 2029, at a compound annual growth rate (CAGR) of 6% from 2024 through 2029.

The European market for sustainable packaging is estimated to increase from $111.6 billion in 2023 to reach $163.3 billion by 2029, at a CAGR of 6.8% from 2024 through 2029.

The Asia-Pacific market for sustainable packaging is estimated to increase from $78.6 billion in 2023 to reach $111.9 billion by 2029, at a CAGR of 6.2% from 2024 through 2029.

This report analyzes the global sustainable packaging market, segmenting it based on material, process, and end-user. Materials include paper, plastic, metal, and others (such as glass, wood, and textile). The paper-based packaging segment is further divided into corrugated/cardboard, boxboard/carton board, and flexible paper. Plastic-based packaging is divided into flexible and rigid packaging.

Based on the process, the market is further segmented into recycled, reusable, and biodegradable and bio-based packaging. The sustainable packaging market is segmented based on end user into food and beverage, industrial and chemical, healthcare, personal and home care, and others.

These market segments are analyzed at the global and regional levels. The base year for this analysis is 2023, and market estimates and forecasts are given from 2024 through 2029. The market estimates are provided in terms of revenue (in millions of U.S. dollars).

The report includes:

  • 54 data tables and 49 additional tables
  • An overview of the global market for sustainable packaging
  • Analyses of the global market trends, with data from 2021-2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
  • Evaluation of the market potential for sustainable packaging materials, based on material, process, end use, region and country
  • Coverage of the latest technological developments in the industry
  • Discussion of environmental issues concerning the use of plastic packaging material, the production of eco-friendly material packaging for food and beverages and consumer goods industries and the stringent government regulation of packaging materials
  • Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices followed by leading companies, their ESG ratings, and consumer attitudes
  • Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
  • Company profiles of major players within the industry, including Amcor, Berry Global Inc., International Paper, Smurfit Westrock, and Sealed Air

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
Chapter 2 Market Overview
  • Packaging Industry
  • Definition: Sustainable Packaging
  • Packaging Waste
  • Supply Chain Analysis
  • Feedstock
  • Sustainable Packaging
  • Distribution and Logistics
  • Consumers
  • Porter’s Five Forces Analysis
  • Bargaining Power of Suppliers: Moderate
  • Competition in the Industry: High
  • Threat of Substitutes: High
  • Threat of Market Entry: Moderate
  • Bargaining Power of Buyers: Moderate
Chapter 3 Market Dynamics
  • Overview
  • Market Drivers
    • Increase in Recyclability of Paper and Paper Packaging
    • High Demand for Recycled Material-Based Packaging
    • Growth in Reusable Packaging to Achieve Efficiency and Environmental Goals
  • Market Opportunities
    • Importance of Sustainable Packaging in the Healthcare Industry
    • Technology Advances in the Sustainable Packaging Sector
    • Environmental Awareness, Regulatory Pressures, and Circular Economy Initiatives Regarding Reusable Packaging
  • Market Challenges
    • Low Plastic Recycling Rate
    • Lower Cost of Single-Use Plastic Compared to Sustainable Materials
Chapter 4 Regulatory Landscape
  • Regulatory Analysis
Chapter 5 Emerging Technologies
  • Advances in Bioplastic Packaging
  • Recycling Technology
  • Plastic Recycling Technology
  • Paper Recycling Technologies
  • Metal Recycling Technologies
  • Glass Recycling Technologies
Chapter 6 Market Segmentation Analysis
  • Segmentation Breakdown
  • By Material
    • Paper
    • Plastics
    • Metal
    • Other Materials
  • By Process
    • Recycled Packaging
    • Reusable Packaging
    • Biodegradable and Bio-Based Packaging
  • By End User
    • Food and Beverage
    • Industrial and Chemical
    • Healthcare
    • Personal and Home Care
    • Other End Users
  • Geographic Breakdown
    • By Region
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World
Chapter 7 Competitive Landscape
  • Market Competitiveness
  • Market Player Positioning
  • Market Player Positioning Analysis
  • Strategic Analysis
  • Merger and Acquisition Analysis
Chapter 8 Sustainability in Sustainable Packaging Industry: An ESG Perspective
  • Importance of ESG in the Sustainable Packaging Industry
  • ESG Practices in the Sustainable Packaging Industry
  • Emerging Sustainability Trends
  • Concluding Remarks
Chapter 9 Appendix
  • Methodology
  • Information Sources
  • References
  • Abbreviations
Chapter 10 Company Profiles
  • 3M
  • Amcor plc
  • Ardagh Group S.A.
  • Ball Corp.
  • Berry Global Inc.
  • DuPont
  • Huhtamaki
  • International Paper
  • Mondi
  • NatureWorks LLC.
  • Plastipak Holdings Inc.
  • Sonoco Products Co.
  • Stoelzle Glass Group
  • Smurfit Westrock
  • Sealed Air
  • Tetra Pak International S.A.
List of Tables
Summary Table: Global Market for Sustainable Packaging, by Region, Through 2029
Table 1: Regulations/Standards/Certification for the Recycled Packaging Market, 2024
Table 2: Regulations on Bio-Based Plastic Packaging Market, 2024
Table 3: Global Market for Sustainable Packaging, by Material, Through 2029
Table 4: Global Market for Sustainable Paper Packaging, by Type, Through 2029
Table 5: Global Market for Sustainable Paper Packaging, by Region, Through 2029
Table 6: Global Market for Sustainable Plastic Packaging, by Type, Through 2029
Table 7: Global Market for Sustainable Plastic Packaging, by Region, Through 2029
Table 8: Global Market of Sustainable Metal Packaging, by Region, Through 2029
Table 9: Global Market for Sustainable Other Materials Packaging, by Region, Through 2029
Table 10: Global Market for Sustainable Packaging, by Process, Through 2029
Table 11: Global Market for Recycled Packaging, by Region, Through 2029
Table 12: Global Market for Reusable Packaging, by Region, Through 2029
Table 13: Global Market of Biodegradable and Bio-Based Packaging, by Region, Through 2029
Table 14: Global Market for Sustainable Packaging, by End User, Through 2029
Table 15: Global Market for Sustainable Packaging for Food and Beverage End Users, by Region, Through 2029
Table 16: Global Market for Sustainable Packaging for Industrial and Chemical End Users, by Region, Through 2029
Table 17: Global Market for Sustainable Packaging for Healthcare End Users, by Region, Through 2029
Table 18: Global Market for Sustainable Packaging for Personal and Home Care End User, by Region, Through 2029
Table 19: Global Market for Sustainable Packaging for Other End Users, by Region, Through 2029
Table 20: Global Market for Sustainable Packaging, by Region, Through 2029
Table 21: North American Market for Sustainable Packaging, by Country, Through 2029
Table 22: North American Market for Sustainable Packaging, by Material, Through 2029
Table 23: North American Market for Sustainable Paper Packaging, by Type, Through 2029
Table 24: North American Market for Sustainable Plastic Packaging, by Type, Through 2029
Table 25: North American Market for Sustainable Packaging, by Process, Through 2029
Table 26: North American Market of Sustainable Packaging, by End User, Through 2029
Table 27: European Market for Sustainable Packaging, by Country, Through 2029
Table 28: European Market for Sustainable Packaging, by Material, Through 2029
Table 29: European Market for Sustainable Paper Packaging, by Type, Through 2029
Table 30: European Market for Sustainable Plastic Packaging, by Type, Through 2029
Table 31: European Market for Sustainable Packaging, by Process, Through 2029
Table 32: European Market of Sustainable Packaging, by End User, Through 2029
Table 33: Asia-Pacific Market for Sustainable Packaging, by Country, Through 2029
Table 34: Asia-Pacific Market for Sustainable Packaging, by Material, Through 2029
Table 35: Asia-Pacific Market for Sustainable Paper Packaging, by Type, Through 2029
Table 36: Asia-Pacific Market of Sustainable Plastic Packaging, by Type, Through 2029
Table 37: Asia-Pacific Market for Sustainable Packaging, by Process, Through 2029
Table 38: Asia-Pacific Market for Sustainable Packaging, by End User, Through 2029
Table 39: Rest of the World Market for Sustainable Packaging, by Region, Through 2029
Table 40: Rest of the World Market for Sustainable Packaging, by Material, Through 2029
Table 41: Rest of the World Market for Sustainable Paper Packaging, by Type, Through 2029
Table 42: Rest of the World Market for Sustainable Plastic Packaging, by Type, Through 2029
Table 43: Rest of the World Market for Sustainable Packaging, by Process, Through 2029
Table 44: Rest of the World Market for Sustainable Packaging, by End User, Through 2029
Table 45: Mergers and Acquisitions in the Global Market for Sustainable Packaging, 2023-2024
Table 46: ESG Carbon Footprint Issue Analysis
Table 47: Acronyms Used in This Report
Table 48: 3M: Company Snapshot
Table 49: 3M: Financial Performance, F.Y. 2022 and 2023
Table 50: 3M: Product Portfolio
Table 51: 3M: News/Key Developments, 2022-2024
Table 52: Amcor plc: Company Snapshot
Table 53: Amcor plc: Financial Performance, FY 2022 and 2023
Table 54: Amcor plc: Product Portfolio
Table 55: Amcor plc: News/Key Developments, 2023 and 2024
Table 56: Ardagh Group S.A.: Company Snapshot
Table 57: Ardagh Group S.A.: Financial Performance, FY 2022 and 2023
Table 58: Ardagh Group S.A.: Product Portfolio
Table 59: Ardagh Group S.A.: News/Key Developments, 2023 and 2024
Table 60: Ball Corp.: Company Snapshot
Table 61: Ball Corp.: Financial Performance, F.Y. 2022 and 2023
Table 62: Ball Corp.: Product Portfolio
Table 63: Ball Corp.: News/Key Developments, 2022-2024
Table 64: Berry Global Inc.: Company Snapshot
Table 65: Berry Global Inc.: Financial Performance, FY 2022 and 2023
Table 66: Berry Global Inc.: Product Portfolio
Table 67: Berry Global Inc.: News/Key Developments, 2023 and 2024
Table 68: DuPont: Company Snapshot
Table 69: DuPont: Financial Performance, FY 2022 and 2023
Table 70: DuPont: Product Portfolio
Table 71: DuPont: News/Key Developments, 2024
Table 72: Huhtamaki: Company Snapshot
Table 73: Huhtamaki: Financial Performance, FY 2022 and 2023
Table 74: Huhtamaki: Product Portfolio
Table 75: Huhtamaki: News/Key Developments, 2023
Table 76: International Paper: Company Snapshot
Table 77: International Paper: Financial Performance, FY 2022 and 2023
Table 78: International Paper: Product Portfolio
Table 79: International Paper: News/Key Developments, 2023 and 2024
Table 80: Mondi: Company Snapshot
Table 81: Mondi: Financial Performance, FY 2022 and 2023
Table 82: Mondi: Product Portfolio
Table 83: Mondi: News/Key Developments, 2023 and 2024
Table 84: NatureWorks LLC.: Company Snapshot
Table 85: NatureWorks LLC.: Product Portfolio
Table 86: Plastipak Holdings Inc.: Company Snapshot
Table 87: Plastipak Holdings Inc.: Product Portfolio
Table 88: Plastipak Holdings Inc.: News/Key Developments, 2023 and 2024
Table 89: Sonoco Products Co.: Company Snapshot
Table 90: Sonoco Products Co.: Financial Performance, FY 2022 and 2023
Table 91: Sonoco Products Co.: Product Portfolio
Table 92: Sonoco Products Co.: News/Key Developments, 2023
Table 93: Stoelzle Glass Group: Company Snapshot
Table 94: Stoelzle Glass Group: Product Portfolio
Table 95: Smurfit Westrock: Company Snapshot
Table 96: Smurfit Westrock: Product Portfolio
Table 97: Sealed Air: Company Snapshot
Table 98: Sealed Air: Financial Performance, FY 2022 and 2023
Table 99: Sealed Air: Product Portfolio
Table 100: Sealed Air: News/Key Developments, 2023 and 2024
Table 101: Tetra Pak International S.A.: Company Snapshot
Table 102: Tetra Pak International S.A.: Product Portfolio
Table 103: Tetra Pak International S.A.: News/Key Developments, 2024

List of Figures
Summary Figure: Global Market for Sustainable Packaging, by Region, 2023-2029
Figure 1: Ecosystem of Supply Chain Partners: Sustainable Packaging
Figure 2: Porter’s Five Forces Analysis: Market for Sustainable Packaging
Figure 3: Market Dynamics of Sustainable Packaging
Figure 4: Potential Market for Chemical Recycling, 2022
Figure 5: Global Market Shares of Sustainable Packaging, by Material, 2023
Figure 6: Global Market Shares of Sustainable Paper Packaging, by Type, 2023
Figure 7: Global Market Shares of Sustainable Paper Packaging, by Region, 2023
Figure 8: Global Market Shares of Sustainable Plastic Packaging, by Type, 2023
Figure 9: Global Market Shares of Sustainable Plastic Packaging, by Region, 2023
Figure 10: Global Market Shares for Sustainable Metal Packaging, by Region, 2023
Figure 11: Global Market Shares of Sustainable Other Materials Packaging, by Region, 2023
Figure 12: Global Market Shares of Sustainable Packaging, by Process, 2023
Figure 13: Global Market Shares of Recycled Packaging, by Region, 2023
Figure 14: Global Market Shares of Reusable Packaging, by Region, 2023
Figure 15: Global Market Shares of Biodegradable and Bio-Based Packaging, by Region, 2023
Figure 16: Global Market Shares of Sustainable Packaging, by End User, 2023
Figure 17: Global Market Shares of Sustainable Packaging for Food and Beverage End Users, by Region, 2023
Figure 18: Global Market Shares of Sustainable Packaging for Industrial and Chemical End Users, by Region, 2023
Figure 19: Global Market Shares of Sustainable Packaging for Healthcare End Users, by Region, 2023
Figure 20: Global Market Shares of Sustainable Packaging for Personal and Home Care End User, by Region, 2023
Figure 21: Global Market Shares of Sustainable Packaging for Other End User, by Region, 2023
Figure 22: Global Market Shares of Sustainable Packaging, by Region, 2023
Figure 23: North American Market Shares of Sustainable Packaging, by Country, 2023
Figure 24: North American Market Shares of Sustainable Packaging, by Material, 2023
Figure 25: North American Market Shares of Sustainable Paper Packaging, by Type, 2023
Figure 26: North American Market Shares of Sustainable Plastic Packaging, by Type, 2023
Figure 27: North American Market Shares of Sustainable Packaging, by Process, 2023
Figure 28: North American Market Shares of Sustainable Packaging, by End User, 2023
Figure 29: European Market Shares of Sustainable Packaging, by Country, 2023
Figure 30: European Market Shares of Sustainable Packaging, by Material, 2023
Figure 31: European Market Shares of Sustainable Paper Packaging, by Type, 2023
Figure 32: European Market Shares of Sustainable Plastic Packaging, by Type, 2023
Figure 33: European Market Shares of Sustainable Packaging, by Process, 2023
Figure 34: European Market Shares of Sustainable Packaging, by End User, 2023
Figure 35: Asia-Pacific Market Shares of Sustainable Packaging, by Country, 2023
Figure 36: Asia-Pacific Market Shares of Sustainable Packaging, by Material, 2023
Figure 37: Asia-Pacific Market Shares of Sustainable Paper Packaging, by Type, 2023
Figure 38: Asia-Pacific Market Shares of Sustainable Plastic Packaging, by Type, 2023
Figure 39: Asia-Pacific Market Shares of Sustainable Packaging, by Process, 2023
Figure 40: Asia-Pacific Market Shares of Sustainable Packaging, by End User, 2023
Figure 41: Rest of the World Market Shares of Sustainable Packaging, by Region, 2023
Figure 42: Rest of the World Market Shares of Sustainable Packaging, by Material, 2023
Figure 43: Rest of the World Market Shares of Sustainable Paper Packaging, by Type, 2023
Figure 44: Rest of the World Market Shares of Sustainable Plastic Packaging, by Type, 2023
Figure 45: Rest of the World Market Shares of Sustainable Packaging, by Process, 2023
Figure 46: Rest of the World Market Shares of Sustainable Packaging, by End User, 2023
Figure 47: Market Entry Strategies: Suggestions for Small- and Medium-Sized Players
Figure 48: Market Player Positioning Analysis
Figure 49: ESG Factors in the Market for Sustainable Packaging
Figure 50: 3M: Revenue Shares, by Business Unit, F.Y. 2023
Figure 51: 3M: Revenue Share, by Country/Region, F.Y. 2023
Figure 52: Amcor plc: Revenue Shares, by Business Unit, FY 2023
Figure 53: Amcor plc: Revenue Share, by Country/Region, FY 2023
Figure 54: Ardagh Group S.A.: Revenue Shares, by Business Unit, FY 2023
Figure 55: Ardagh Group S.A.: Revenue Share, by Country/Region, FY 2023
Figure 56: Ball Corp.: Revenue Shares, by Business Unit, F.Y. 2023
Figure 57: Ball Corp.: Revenue Share, by Country/Region, F.Y. 2023
Figure 58: Berry Global Inc.: Revenue Shares, by Business Unit, FY 2023
Figure 59: Berry Global Inc.: Revenue Share, by Country/Region, FY 2023
Figure 60: DuPont: Revenue Shares, by Business Unit, FY 2023
Figure 61: DuPont: Revenue Share, by Country/Region, FY 2023
Figure 62: Huhtamaki: Revenue Shares, by Business Unit, FY 2023
Figure 63: Huhtamaki: Revenue Share, by Country/Region, FY 2023
Figure 64: International Paper: Revenue Shares, by Business Unit, FY 2023
Figure 65: International Paper: Revenue Share, by Country/Region, FY 2023
Figure 66: Mondi: Revenue Shares, by Business Unit, FY 2023
Figure 67: Mondi: Revenue Share, by Country/Region, FY 2023
Figure 68: Sonoco Products Co.: Revenue Shares, by Business Unit, FY 2023
Figure 69: Sonoco Products Co.: Revenue Share, by Country/Region, FY 2023
Figure 70: Sealed Air: Revenue Shares, by Business Unit, FY 2023
Figure 71: Sealed Air: Revenue Share, by Country/Region, FY 2023
Figure 72: Tetra Pak International S.A.: Revenue Share, by Country/Region, FY 2023

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Executive Summary

Sustainable packaging is made from materials like paper, metal, glass, and recyclable PET or HDPE plastics, which can be reprocessed into new items. It also includes compostable materials such as PLA (starch-based) and cellulose, which biodegrade in compost, offering an eco-friendly alternative to traditional plastics. These materials are used in various applications, from food containers and cutlery to flexible packaging and products in the fashion and cannabis industries, combining environmental benefits with performance.

In the fashion industry, around 150 billion plastic packaging bags are used annually, most of which end up in landfills. In 2023, the global volume of flexible packaging reached 29.9 million tons. (Tipa Ltd, 2024, What Is Sustainable Packaging?). With the surge in online shopping and e-commerce deliveries, the demand for high-performance packaging is more critical. Sustainable packaging addresses this major pollution source and meets consumer demands for environmental responsibility. By moving away from conventional plastics, businesses can reduce their carbon footprint, decrease landfill waste, and contribute to a healthier planet. Compostable food packaging supports a circular economy, ensuring materials are reused for as long as possible and eventually decompose into nutrient-rich soil.

Governments worldwide are encouraging the use of green packaging. Countries like Ireland, Italy, and Japan offer tax exemptions for compostable packaging, while the U.K. imposes higher taxes on packaging with less than 30% recycled materials. The U.K.'s Extended Producer Responsibility (EPR) schemes hold producers and retailers accountable for the end-of-life of their packaging, taxing hard-to-recycle plastics and exempting sustainable packaging. (GWP Group, 2024, A beginners guide to the Plastic Packaging Tax).

Companies Mentioned

  • 3M
  • Amcor plc
  • Ardagh Group S.A.
  • Ball Corp.
  • Berry Global Inc.
  • DuPont
  • Huhtamaki
  • International Paper
  • Mondi
  • NatureWorks LLC.
  • Plastipak Holdings Inc.
  • Sonoco Products Co.
  • Stoelzle Glass Group
  • Smurfit Westrock
  • Sealed Air
  • Tetra Pak International S.A.

Table Information

Report AttributeDetails
No. of Pages141
PublishedSeptember 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 278.1 Billion
Forecasted Market Value ( USD ) by 2029 $ 391.1 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned16

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