1. What is the projected Compound Annual Growth Rate (CAGR) of the Sustainable Packaging Market?
The projected CAGR is approximately 6.70%.
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Sustainable Packaging MarketSustainable 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 2026-2034
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 |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6.70% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 6.70%.
Key companies in the market include Amcor Plc (Switzerland), Ardagh Group S.A. (Luxembourg), Ball Corporation (U.S.), Crown Holdings Inc. (U.S.), DS Smith (U.K.), Sealed Air Corporation (U.S.), Mondi Group (U.K.), Sonoco Products Company (U.S.), Tetra Pak International S.A. (Switzerland), WestRock Company (U.S.), Smurfit Kappa (Ireland), Huhtamaki Oyj (Finland), International Paper (U.S.), Berry Global (U.S.), Gerresheimer AG (Germany).
The market segments include Material, Product Type, Application.
The market size is estimated to be USD 310.00 USD Billion as of 2022.
Increasing Demand for Biodegradable and Compostable Packaging Drives Market Growth.
Growing Refillable and Eco-Friendly Packaging Demand from the Personal Care Sector to Drive Market Expansion.
High Costs and Limited Raw Material Availability to Hinder Market Growth.
August 2023 – Leading packaging manufacturer Sonoco Products Company has declared the launch of new sustainable packaging solutions with two EnviroFlex Paper Pre-qualifications, especially for the How2Recycle® Labeling range.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Units.
Yes, the market keyword associated with the report is "Sustainable Packaging Market," which aids in identifying and referencing the specific market segment covered.
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