The plastic alternative packaging market size has grown rapidly in recent years. It will grow from $5.33 billion in 2023 to $6.25 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The expansion observed in the historical period can be attributed to the increased demand for industrial packaging products, growing environmental concerns over plastics, and a rising inclination towards alternatives to plastics.
The plastic alternative packaging market size is expected to see rapid growth in the next few years. It will grow to $11.84 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The anticipated growth in the forecast period can be attributed to technological advances, increasing awareness, government initiatives, and a rise in the availability of plastic alternative packaging. Key trends expected in the forecast period include a focus on establishing collaborations with research institutions and established companies, investment in mono-material packaging solutions, leveraging industrial wastes to upcycle and create innovative plastic alternative packaging materials, the use of artificial intelligence (AI), mergers and acquisitions, and an emphasis on the use of environmentally friendly bioplastics.
The substantial increase in environmental concerns linked to plastic usage serves as a significant catalyst for the plastic alternative packaging market's growth. Plastic products are known for containing harmful pollutants, leading to adverse effects on humans, animals, and the overall environment. The growing awareness of the detrimental impacts of plastic has prompted consumers to seek eco-friendly packaging alternatives. For example, as of October 2021, the UK's Office for National Statistics (ONS) Opinions and Lifestyle Survey revealed that 75% of adults in the United Kingdom expressed concern about climate change. This heightened environmental awareness has drawn global businesses toward adopting alternatives to plastic packaging, driving the expansion of the plastic alternative packaging market.
The market is expected to experience a boost due to the increasing awareness of the significance of bioplastics. There is a global surge in awareness regarding the pollution caused by plastic manufacturing and disposal, leading to detrimental effects on the environment, particularly in oceans. Studies, such as the one conducted by Pew Charitable Trusts and SYSTEMIQ, Ltd., project a nearly tripled flow of plastic trash into oceans by 2040 if left unaddressed. This surge in pollution has intensified the focus on sustainability, compelling consumers to shift towards plastic alternative packaging. For instance, an Ipsos Global Survey in 2022 highlighted that 83% of urban Indians are in favor of a complete ban on single-use plastics. The heightened awareness is expected to drive the adoption of plastic alternative packaging solutions.
Companies in the plastic alternative packaging market are strategically emphasizing mono-material packaging solutions to offer sustainable polyolefins-based packaging with enhanced circularity. These solutions, based on a single polymer, facilitate easier recyclability without the need for disassembly before recycling. The adoption of new polypropylene (PP) solutions as monomaterial substitutes enhances moisture barrier, thermal resistance, and transparency, making them suitable for mono-material packaging. In a notable example, the Japanese printing company Dai Nippon Printing Co., Ltd., developed mono-material packaging with oxygen and water vapor barrier properties, ensuring high-level recyclability and suitability for prolonged shelf life.
Collaborations and partnerships between companies, government entities, and research bodies are increasingly prevalent for the development of innovative and efficient plastic alternative packaging solutions. In a strategic move in December 2021, the ALPLA Group, a global packaging solutions and recycling specialist, partnered with Glatfelter Corporation and Blue Ocean Closures (BOC) to develop natural fiber-based closures and molded packaging products. The collaboration aimed to utilize dry forming technology for innovative packaging solutions with sustainability at the core.
In February 2022, Hewlett-Packard Company (HP) acquired Choose Packaging for $10 billion. This acquisition underscores HP's commitment to enhancing recyclable packaging solutions and promoting alternatives to plastic bottles, aligning with broader sustainability objectives. Choose Packaging, a UK-based packaging company, specializes in developing innovative and sustainable packaging alternatives to plastic, such as paper and paperboard. The acquisition is expected to drive advancements in sustainable packaging within HP, contributing to environmental conservation efforts.
Major companies operating in the plastic alternative packaging market report are BASF, Amcor PLC, Tetra Pak International SA, Sealed Air, Evergreen Packaging, Rengo Co. Ltd., International Paper Company, Mondi Group PLC, Futamura Group, SECOS Group, Huhtamaki, Shanghai PRECISE Packaging Co, SIG Combibloc, Greatview Aseptic Packaging, BioPak, Himalayan Packaging Industries Pvt. Ltd., Decon India Plastics Private Limited, West Pharma, Qingdao Likang Packing., Smurfit Kappa, DS smith, Element Packaging Ltd., Delyn Packaging Ltd., CP Packaging Ltd., Surepak innovative packaging company, Epac flexible packaging, Enviroplast Inc., TC Transcontinental, PolyFerm Canada, TerraVerdae Bioworks Inc., Kruger Inc., Klabin SA, HP Inc., Choose Packaging, Plastic Suppliers Inc., Saudi Investment Recycling Company (SIRC), Bemis Company Inc., Winpak LLC, Rotopak LLC, Gulf East Paper and Plastic Industries LLC, Arabian Packaging LLC, Amber Packaging Industries LLC, Diamond Packaging Industries LLC, Astrapak Ltd (RPC Group), Nampak Ltd., Mpact Pty Ltd., Foster Packaging, Consol Glass (Pty) Ltd., East African Packaging Industries Ltd (EAPI), Constantia Afripack (Pty) Ltd., Bonpak (Pty) Ltd., Frigoglass South Africa (Pty) Ltd.
North America was the largest region in the plastic alternative packaging market in 2023. The regions covered in the plastic alternative packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic alternative packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The plastic alternative packaging market, as covered in this report, is segmented by type into starch-based plastic, cellulose-based plastics, polylactic acid (PLA), polyhydroxyalkanoates (PHA), and others. The segmentation by process includes recyclable, reusable, and biodegradable options, while the segmentation by application includes food and beverage, personal care, healthcare, and others.
The plastic alternative packaging market research report is one of a series of new reports that provides plastic alternative packaging market statistics, including plastic alternative packaging industry global market size, regional shares, competitors with a plastic alternative packaging market share, detailed plastic alternative packaging market segments, market trends and opportunities, and any further data you may need to thrive in the plastic alternative packaging industry. This plastic alternative packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plastic alternative packaging market consists of sales of corn-starch-based, mushroom-based, corrugated bubble wrap, seaweed material, and organic sources. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The plastic alternative packaging market size is expected to see rapid growth in the next few years. It will grow to $11.84 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The anticipated growth in the forecast period can be attributed to technological advances, increasing awareness, government initiatives, and a rise in the availability of plastic alternative packaging. Key trends expected in the forecast period include a focus on establishing collaborations with research institutions and established companies, investment in mono-material packaging solutions, leveraging industrial wastes to upcycle and create innovative plastic alternative packaging materials, the use of artificial intelligence (AI), mergers and acquisitions, and an emphasis on the use of environmentally friendly bioplastics.
The substantial increase in environmental concerns linked to plastic usage serves as a significant catalyst for the plastic alternative packaging market's growth. Plastic products are known for containing harmful pollutants, leading to adverse effects on humans, animals, and the overall environment. The growing awareness of the detrimental impacts of plastic has prompted consumers to seek eco-friendly packaging alternatives. For example, as of October 2021, the UK's Office for National Statistics (ONS) Opinions and Lifestyle Survey revealed that 75% of adults in the United Kingdom expressed concern about climate change. This heightened environmental awareness has drawn global businesses toward adopting alternatives to plastic packaging, driving the expansion of the plastic alternative packaging market.
The market is expected to experience a boost due to the increasing awareness of the significance of bioplastics. There is a global surge in awareness regarding the pollution caused by plastic manufacturing and disposal, leading to detrimental effects on the environment, particularly in oceans. Studies, such as the one conducted by Pew Charitable Trusts and SYSTEMIQ, Ltd., project a nearly tripled flow of plastic trash into oceans by 2040 if left unaddressed. This surge in pollution has intensified the focus on sustainability, compelling consumers to shift towards plastic alternative packaging. For instance, an Ipsos Global Survey in 2022 highlighted that 83% of urban Indians are in favor of a complete ban on single-use plastics. The heightened awareness is expected to drive the adoption of plastic alternative packaging solutions.
Companies in the plastic alternative packaging market are strategically emphasizing mono-material packaging solutions to offer sustainable polyolefins-based packaging with enhanced circularity. These solutions, based on a single polymer, facilitate easier recyclability without the need for disassembly before recycling. The adoption of new polypropylene (PP) solutions as monomaterial substitutes enhances moisture barrier, thermal resistance, and transparency, making them suitable for mono-material packaging. In a notable example, the Japanese printing company Dai Nippon Printing Co., Ltd., developed mono-material packaging with oxygen and water vapor barrier properties, ensuring high-level recyclability and suitability for prolonged shelf life.
Collaborations and partnerships between companies, government entities, and research bodies are increasingly prevalent for the development of innovative and efficient plastic alternative packaging solutions. In a strategic move in December 2021, the ALPLA Group, a global packaging solutions and recycling specialist, partnered with Glatfelter Corporation and Blue Ocean Closures (BOC) to develop natural fiber-based closures and molded packaging products. The collaboration aimed to utilize dry forming technology for innovative packaging solutions with sustainability at the core.
In February 2022, Hewlett-Packard Company (HP) acquired Choose Packaging for $10 billion. This acquisition underscores HP's commitment to enhancing recyclable packaging solutions and promoting alternatives to plastic bottles, aligning with broader sustainability objectives. Choose Packaging, a UK-based packaging company, specializes in developing innovative and sustainable packaging alternatives to plastic, such as paper and paperboard. The acquisition is expected to drive advancements in sustainable packaging within HP, contributing to environmental conservation efforts.
Major companies operating in the plastic alternative packaging market report are BASF, Amcor PLC, Tetra Pak International SA, Sealed Air, Evergreen Packaging, Rengo Co. Ltd., International Paper Company, Mondi Group PLC, Futamura Group, SECOS Group, Huhtamaki, Shanghai PRECISE Packaging Co, SIG Combibloc, Greatview Aseptic Packaging, BioPak, Himalayan Packaging Industries Pvt. Ltd., Decon India Plastics Private Limited, West Pharma, Qingdao Likang Packing., Smurfit Kappa, DS smith, Element Packaging Ltd., Delyn Packaging Ltd., CP Packaging Ltd., Surepak innovative packaging company, Epac flexible packaging, Enviroplast Inc., TC Transcontinental, PolyFerm Canada, TerraVerdae Bioworks Inc., Kruger Inc., Klabin SA, HP Inc., Choose Packaging, Plastic Suppliers Inc., Saudi Investment Recycling Company (SIRC), Bemis Company Inc., Winpak LLC, Rotopak LLC, Gulf East Paper and Plastic Industries LLC, Arabian Packaging LLC, Amber Packaging Industries LLC, Diamond Packaging Industries LLC, Astrapak Ltd (RPC Group), Nampak Ltd., Mpact Pty Ltd., Foster Packaging, Consol Glass (Pty) Ltd., East African Packaging Industries Ltd (EAPI), Constantia Afripack (Pty) Ltd., Bonpak (Pty) Ltd., Frigoglass South Africa (Pty) Ltd.
North America was the largest region in the plastic alternative packaging market in 2023. The regions covered in the plastic alternative packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic alternative packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The plastic alternative packaging market, as covered in this report, is segmented by type into starch-based plastic, cellulose-based plastics, polylactic acid (PLA), polyhydroxyalkanoates (PHA), and others. The segmentation by process includes recyclable, reusable, and biodegradable options, while the segmentation by application includes food and beverage, personal care, healthcare, and others.
The plastic alternative packaging market research report is one of a series of new reports that provides plastic alternative packaging market statistics, including plastic alternative packaging industry global market size, regional shares, competitors with a plastic alternative packaging market share, detailed plastic alternative packaging market segments, market trends and opportunities, and any further data you may need to thrive in the plastic alternative packaging industry. This plastic alternative packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plastic alternative packaging market consists of sales of corn-starch-based, mushroom-based, corrugated bubble wrap, seaweed material, and organic sources. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Plastic Alternative Packaging Market Characteristics3. Plastic Alternative Packaging Market Trends and Strategies32. Global Plastic Alternative Packaging Market Competitive Benchmarking33. Global Plastic Alternative Packaging Market Competitive Dashboard34. Key Mergers and Acquisitions in the Plastic Alternative Packaging Market
4. Plastic Alternative Packaging Market - Macro Economic Scenario
5. Global Plastic Alternative Packaging Market Size and Growth
6. Plastic Alternative Packaging Market Segmentation
7. Plastic Alternative Packaging Market Regional and Country Analysis
8. Asia-Pacific Plastic Alternative Packaging Market
9. China Plastic Alternative Packaging Market
10. India Plastic Alternative Packaging Market
11. Japan Plastic Alternative Packaging Market
12. Australia Plastic Alternative Packaging Market
13. Indonesia Plastic Alternative Packaging Market
14. South Korea Plastic Alternative Packaging Market
15. Western Europe Plastic Alternative Packaging Market
16. UK Plastic Alternative Packaging Market
17. Germany Plastic Alternative Packaging Market
18. France Plastic Alternative Packaging Market
19. Italy Plastic Alternative Packaging Market
20. Spain Plastic Alternative Packaging Market
21. Eastern Europe Plastic Alternative Packaging Market
22. Russia Plastic Alternative Packaging Market
23. North America Plastic Alternative Packaging Market
24. USA Plastic Alternative Packaging Market
25. Canada Plastic Alternative Packaging Market
26. South America Plastic Alternative Packaging Market
27. Brazil Plastic Alternative Packaging Market
28. Middle East Plastic Alternative Packaging Market
29. Africa Plastic Alternative Packaging Market
30. Plastic Alternative Packaging Market Competitive Landscape and Company Profiles
31. Plastic Alternative Packaging Market Other Major and Innovative Companies
35. Plastic Alternative Packaging Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Plastic Alternative Packaging Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on plastic alternative packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for plastic alternative packaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Starch-based Plastic; Cellulose Based Plastics; Polylactic Acid (PLA); Polyhydroxyalkanoates (PHA); Other Types
2) By Process: Bio-based/Non-Biodegradable; Biodegradable
3) By Application: Food and Beverage; Personal Care; Health Care; Other Applications
Key Companies Mentioned: BASF; Amcor plc; Tetra Pak International SA; Sealed Air; Evergreen Packaging
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- BASF
- Amcor plc
- Tetra Pak International SA
- Sealed Air
- Evergreen Packaging
- Rengo Co. Ltd
- International Paper Company
- Mondi Group PLC
- Futamura Group
- SECOS Group
- Huhtamaki
- Shanghai PRECISE Packaging Co
- SIG Combibloc
- Greatview Aseptic Packaging
- BioPak
- Himalayan Packaging Industries Pvt. Ltd.
- Decon India Plastics Private Limited
- West Pharma
- Qingdao Likang Packing.
- Smurfit Kappa
- DS smith
- Element Packaging LTD
- Delyn Packaging Ltd
- CP Packaging Ltd
- Surepak innovative packaging company
- Epac flexible packaging
- Enviroplast Inc.
- TC Transcontinental
- PolyFerm Canada
- TerraVerdae Bioworks Inc.
- Kruger Inc.
- Klabin SA
- HP Inc.
- Choose Packaging
- Plastic Suppliers Inc.
- Saudi Investment Recycling Company (SIRC)
- Bemis Company Inc.
- Winpak LLC
- Rotopak LLC
- Gulf East Paper and Plastic Industries LLC
- Arabian Packaging LLC
- Amber Packaging Industries LLC
- Diamond Packaging Industries LLC
- Astrapak Ltd (RPC Group)
- Nampak Ltd.
- Mpact Pty Ltd
- Foster Packaging
- Consol Glass (Pty) Ltd.
- East African Packaging Industries Ltd (EAPI)
- Constantia Afripack (Pty) Ltd
- Bonpak (Pty) Ltd.
- Frigoglass South Africa (Pty) Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 6.25 Billion |
| Forecasted Market Value ( USD | $ 11.84 Billion |
| Compound Annual Growth Rate | 17.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 52 |
