Sustainable Packaging Market by Material (Paper & Paperboard, Glass, Plastic, Metal, Others), by Product Type (Boxes & Cartons, Bags & Pouches, Bottles & Cans, Films & Wraps, Trays, Mailers, Others), by Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Consumer Goods, E-commerce, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Russia, Poland, Romania, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, South Korea, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East & Africa (Saudi Arabia, UAE, Oman, South Africa, Rest of the Middle East & Africa) Forecast 2024-2032
The Sustainable Packaging Market size was valued at USD 310.00 USD Billion in 2023 and is projected to reach USD 488.10 USD Billion by 2032, exhibiting a CAGR of 6.70 % during the forecast period. Sustainable packaging has become a critical part of the global packaging industry as awareness of environmental issues and the need for environmentally friendly solutions has grown. This paradigm shift reflects the growing preference of consumers for products that reduce their environmental impact. The goal of sustainable packaging is to reduce the ecological footprint by using easily recyclable, biodegradable or products made from renewable natural resources. Companies are increasingly adopting sustainable practices to meet regulatory requirements, improve branding and meet consumer expectations. In addition, government initiatives and regulations promoting sustainable packaging are fueling the growth of the sustainable packaging market. In addition, Quick Service Restaurants (QSRs) are leading the way in adopting these new packaging trends, while Consumer Packaged Goods (CPG), although a bit slower to adopt, can grow significantly in the long term with these innovative packaging solutions
Material:
Product Type:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.70% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.70% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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