Where is the largest and fastest growing market for plant-based food 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 plant-based food packaging market size has grown rapidly in recent years. It will grow from $5.64 billion in 2023 to $6.39 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth observed during the historic period can be attributed to several factors, rising awareness of environmental issues, growing demand for sustainable products, heightened consumer preference for eco-friendly packaging materials, increased concerns about plastic waste, and a higher demand for flexible packaging solutions.
The plant-based food packaging market size is expected to see rapid growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The anticipated growth during the forecast period can be attributed to several factors, increasing consumer preference for sustainability, a higher demand for recyclable and biodegradable products, rising interest in bio-friendly packaging, growing concerns about packaging waste in oceans and landfills, and greater adoption of eco-friendly packaging solutions. Key trends expected to emerge include a rise in the use of green packaging, strong demand for paper and paperboard packaging, the adoption of smart packaging with freshness monitoring technology, the implementation of sustainable packaging practices, and a greater use of biodegradable and compostable packaging.
The increasing popularity of online shopping is projected to drive the growth of the plant-based food packaging market. Online shopping involves purchasing goods and services via the Internet, which allows consumers to shop from home and avoids the need to visit physical stores. This convenience of browsing, comparing, and buying products quickly appeals to many shoppers. As more consumers seek eco-friendly options, retailers are turning to plant-based packaging to offer customization and differentiate their brands. For example, in May 2024, the United States Census Bureau reported an 8.5% increase in e-commerce estimates for the first quarter of 2024 compared to the same period in 2023, while total retail sales grew by 2.8%. This rise in online shopping is fueling the demand for plant-based food packaging.
Key players in the plant-based food packaging market are advancing sustainable packaging practices to provide biodegradable alternatives to traditional plastics, aiming to reduce waste and environmental impact. These practices involve designing, producing, and disposing of packaging in ways that minimize the ecological footprint, using eco-friendly materials, and supporting a circular economy. For example, in March 2024, Donovan Bros Ltd., a UK-based sustainable packaging provider, introduced mushroom-based packaging. This biodegradable solution combines agricultural waste with mycelium to create strong, compostable packaging suitable for various food products, offering a unique 'unboxing' experience.
In March 2022, Inno-Pak, a US-based food packaging company, acquired Stalk Market for an undisclosed amount. This acquisition enhances Inno-Pak's commitment to sustainable packaging solutions and expands its sustainability offerings across North, Central, and South America, addressing the growing demand for eco-friendly packaging. Stalk Market is known for its plant-based compostable products for food service.
Major companies operating in the plant-based food packaging market are Amcor plc, WestRock Company, International Paper, Tetra Pak International S.A., DuPont, Stora Enso, Sealed Air, Huhtamaki, Mondi Group, Cascades Inc., Glatfelter Corporation, Genpak, Nordic Paper, Danimer Scientific, Good Natured Products Inc., Vegware, Sulapac Oy, Be Green Packaging, BioPak, TIPA LTD, WorldCentric.com, Sabert Corporation, Ecologic.
Europe was the largest region in the plant-based food packaging market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the plant-based food packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the plant-based food packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Plant-based food packaging is crafted from renewable and biodegradable materials such as cornstarch, sugarcane, or mushroom mycelium, aimed at reducing environmental impact. It offers an eco-friendly alternative to traditional plastic packaging, helping to cut down on waste and carbon emissions. This type of packaging is used for various food products to promote sustainability and appeal to environmentally conscious consumers.
The primary types of plant-based food packaging include paper-based, biodegradable and compostable packaging, and recyclable plastic packaging. Paper-based packaging is made mainly from paper and its derivatives and is valued for its sustainability, as it can be recycled multiple times and is biodegradable. Materials used in different packaging formats include bioplastics, mycelium, bagasse, starch-based substances, and paper. These materials are employed in various packaging types such as flexible packaging, stand-up pouches, flat bottom bags, flow wraps, rigid packaging, trays, containers, and bottles.
The plant-based food packaging market research report is one of a series of new reports that provides plant-based food packaging market statistics, including the plant-based food packaging industry's global market size, regional shares, competitors with the plant-based food packaging market share, detailed plant-based food packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the plant-based food packaging industry. These plant-based food packaging market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The plant-based food packaging consists of sales of biodegradable bags, compostable containers, plant-based plastics, and paper and cardboard packaging. 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 plant-based food packaging market size has grown rapidly in recent years. It will grow from $5.64 billion in 2023 to $6.39 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth observed during the historic period can be attributed to several factors, rising awareness of environmental issues, growing demand for sustainable products, heightened consumer preference for eco-friendly packaging materials, increased concerns about plastic waste, and a higher demand for flexible packaging solutions.
The plant-based food packaging market size is expected to see rapid growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The anticipated growth during the forecast period can be attributed to several factors, increasing consumer preference for sustainability, a higher demand for recyclable and biodegradable products, rising interest in bio-friendly packaging, growing concerns about packaging waste in oceans and landfills, and greater adoption of eco-friendly packaging solutions. Key trends expected to emerge include a rise in the use of green packaging, strong demand for paper and paperboard packaging, the adoption of smart packaging with freshness monitoring technology, the implementation of sustainable packaging practices, and a greater use of biodegradable and compostable packaging.
The increasing popularity of online shopping is projected to drive the growth of the plant-based food packaging market. Online shopping involves purchasing goods and services via the Internet, which allows consumers to shop from home and avoids the need to visit physical stores. This convenience of browsing, comparing, and buying products quickly appeals to many shoppers. As more consumers seek eco-friendly options, retailers are turning to plant-based packaging to offer customization and differentiate their brands. For example, in May 2024, the United States Census Bureau reported an 8.5% increase in e-commerce estimates for the first quarter of 2024 compared to the same period in 2023, while total retail sales grew by 2.8%. This rise in online shopping is fueling the demand for plant-based food packaging.
Key players in the plant-based food packaging market are advancing sustainable packaging practices to provide biodegradable alternatives to traditional plastics, aiming to reduce waste and environmental impact. These practices involve designing, producing, and disposing of packaging in ways that minimize the ecological footprint, using eco-friendly materials, and supporting a circular economy. For example, in March 2024, Donovan Bros Ltd., a UK-based sustainable packaging provider, introduced mushroom-based packaging. This biodegradable solution combines agricultural waste with mycelium to create strong, compostable packaging suitable for various food products, offering a unique 'unboxing' experience.
In March 2022, Inno-Pak, a US-based food packaging company, acquired Stalk Market for an undisclosed amount. This acquisition enhances Inno-Pak's commitment to sustainable packaging solutions and expands its sustainability offerings across North, Central, and South America, addressing the growing demand for eco-friendly packaging. Stalk Market is known for its plant-based compostable products for food service.
Major companies operating in the plant-based food packaging market are Amcor plc, WestRock Company, International Paper, Tetra Pak International S.A., DuPont, Stora Enso, Sealed Air, Huhtamaki, Mondi Group, Cascades Inc., Glatfelter Corporation, Genpak, Nordic Paper, Danimer Scientific, Good Natured Products Inc., Vegware, Sulapac Oy, Be Green Packaging, BioPak, TIPA LTD, WorldCentric.com, Sabert Corporation, Ecologic.
Europe was the largest region in the plant-based food packaging market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the plant-based food packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the plant-based food packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Plant-based food packaging is crafted from renewable and biodegradable materials such as cornstarch, sugarcane, or mushroom mycelium, aimed at reducing environmental impact. It offers an eco-friendly alternative to traditional plastic packaging, helping to cut down on waste and carbon emissions. This type of packaging is used for various food products to promote sustainability and appeal to environmentally conscious consumers.
The primary types of plant-based food packaging include paper-based, biodegradable and compostable packaging, and recyclable plastic packaging. Paper-based packaging is made mainly from paper and its derivatives and is valued for its sustainability, as it can be recycled multiple times and is biodegradable. Materials used in different packaging formats include bioplastics, mycelium, bagasse, starch-based substances, and paper. These materials are employed in various packaging types such as flexible packaging, stand-up pouches, flat bottom bags, flow wraps, rigid packaging, trays, containers, and bottles.
The plant-based food packaging market research report is one of a series of new reports that provides plant-based food packaging market statistics, including the plant-based food packaging industry's global market size, regional shares, competitors with the plant-based food packaging market share, detailed plant-based food packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the plant-based food packaging industry. These plant-based food packaging market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The plant-based food packaging consists of sales of biodegradable bags, compostable containers, plant-based plastics, and paper and cardboard packaging. 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. Plant-Based Food Packaging Market Characteristics3. Plant-Based Food Packaging Market Trends and Strategies32. Global Plant-Based Food Packaging Market Competitive Benchmarking33. Global Plant-Based Food Packaging Market Competitive Dashboard34. Key Mergers and Acquisitions in the Plant-Based Food Packaging Market
4. Plant-Based Food Packaging Market - Macro Economic Scenario
5. Global Plant-Based Food Packaging Market Size and Growth
6. Plant-Based Food Packaging Market Segmentation
7. Plant-Based Food Packaging Market Regional and Country Analysis
8. Asia-Pacific Plant-Based Food Packaging Market
9. China Plant-Based Food Packaging Market
10. India Plant-Based Food Packaging Market
11. Japan Plant-Based Food Packaging Market
12. Australia Plant-Based Food Packaging Market
13. Indonesia Plant-Based Food Packaging Market
14. South Korea Plant-Based Food Packaging Market
15. Western Europe Plant-Based Food Packaging Market
16. UK Plant-Based Food Packaging Market
17. Germany Plant-Based Food Packaging Market
18. France Plant-Based Food Packaging Market
19. Italy Plant-Based Food Packaging Market
20. Spain Plant-Based Food Packaging Market
21. Eastern Europe Plant-Based Food Packaging Market
22. Russia Plant-Based Food Packaging Market
23. North America Plant-Based Food Packaging Market
24. USA Plant-Based Food Packaging Market
25. Canada Plant-Based Food Packaging Market
26. South America Plant-Based Food Packaging Market
27. Brazil Plant-Based Food Packaging Market
28. Middle East Plant-Based Food Packaging Market
29. Africa Plant-Based Food Packaging Market
30. Plant-Based Food Packaging Market Competitive Landscape and Company Profiles
31. Plant-Based Food Packaging Market Other Major and Innovative Companies
35. Plant-Based Food Packaging Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Plant-Based Food 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 plant-based food 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:
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- 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.
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- 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.
Description
Where is the largest and fastest growing market for plant-based food packaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The plant-based food packaging market global 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.
Scope
Markets Covered:
1) By Packaging Type: Paper Based; Biodegradable And Compostable Packaging; Recyclable Plastic Packaging2) By Material: Bioplastics; Mycelium; Bagasse; Starch Based; Paper
3) By Packaging Formats: Flexible Packaging; Stand-Up Pouches; Flat Bottom Bags; Flow Wraps; Rigid Packaging; Trays; Containers; Bottles
Key Companies Mentioned: Amcor plc; WestRock Company; International Paper; Tetra Pak International S.A.; DuPont
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
The major companies profiled in this Plant-based Food Packaging market report include:- Amcor plc
- WestRock Company
- International Paper
- Tetra Pak International S.A.
- DuPont
- Stora Enso
- Sealed Air
- Huhtamaki
- Mondi Group
- Cascades Inc.
- Glatfelter Corporation
- Genpak
- Nordic Paper
- Danimer Scientific
- Good Natured Products Inc.
- Vegware
- Sulapac Oy
- Be Green Packaging
- BioPak
- TIPA LTD
- WorldCentric.com
- Sabert Corporation
- Ecologic
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 6.39 Billion |
Forecasted Market Value ( USD | $ 10.6 Billion |
Compound Annual Growth Rate | 13.5% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |