Green Packaging Market Size Worth $ 564.72 Billion By 2032 | CAGR: 6.30%

The global green packaging market size is expected to reach USD 564.72 billion by 2032, according to a new study by Polaris Market Research. The report “Green Packaging Market Share, Size, Trends, Industry Analysis Report, By Packaging Type (Recycled, Reusable, Degradable); By Application (Food & Beverages, Personal Care, Healthcare, Others); By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market growth of green packaging is indeed driven by the increasing application of sustainable packaging solutions across various industries, including healthcare, food & beverage, personal care, and others. Green packaging solutions are designed to minimize the environmental impact of traditional packaging materials, such as plastic packaging. By using eco-friendly and sustainable materials like paper, bioplastics, and other alternatives, green packaging aims to reduce carbon footprints and decrease the amount of waste sent to landfills. These sustainable materials are often biodegradable or recyclable, ensuring a more environmentally friendly lifecycle for the packaging.

The adoption of green packaging solutions is propelled by rising environmental concerns among companies and consumers. Both stakeholders are increasingly aware of the negative impacts of traditional packaging on the environment, such as pollution, resource depletion, and landfill waste. This awareness has prompted companies to prioritize sustainability and seek out green packaging options to reduce their environmental footprint and meet consumer expectations.

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Green packaging solutions is gaining traction due to its high usability, & cost-effectiveness. Recycled packaging utilizes materials such as paper, glass, metal, and others that have been previously recycled. This type of packaging is an effective way to reduce the demand for new raw materials and minimize waste sent to landfills. It offers an environmentally friendly solution by giving new life to materials that would otherwise be discarded. It is widely used in various industries, including food & beverage, personal care, and others.

Industry players are implementing various strategies, such as forming partnerships, expanding their operations, engaging in mergers & acquisitions, establishing joint ventures, and entering into agreements, to expand their customer base and enhance their market share. A notable example of such strategic moves is the announcement made by Ball Corporation in October 2022. Ball Corporation disclosed its plans to diversify its product portfolio by introducing two additional sizes of recycled aluminum cups, targeting the food & beverage industries.

Green Packaging Market Report Highlights

• Food & beverages segment accounted for highest market share in 2022, owing to surge in food outlets, expansion in processed & packaged food
• Asia Pacific region dominated the global market with substantial share in 2022, owing to presence of huge middle-class population with high disposable income, coupled with huge un-tapped markets
• The global key market players include DS Smith, Amcor, Be Green Packaging, DuPont, Mondi, Nampak, Ball Corporation, Evergreen Packaging, Sealed Air, and Tetra Laval.

Polaris Market Research has segmented the green packaging market report based on packaging type, application, and region:

Green Packaging, Packaging Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Recycled Content Packaging
  • Paper
  • Plastic
  • Metal
  • Glass
  • Others
• Reusable Packaging
  • Drum
  • Plastic Container
  • Others
• Degradable Packaging

Green Packaging, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Food & Beverages
• Personal Care
• Healthcare
• Others

Green Packaging, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Green Packaging Market Report Scope