Green Packaging Market Size, Share, Trends, Growth and Forecast 2028

Green Packaging Market: Industry Prospective     

The global green packaging market accounted for USD 191.4 Billion in 2020 and is expected to reach USD 330.1 Billion by 2028, growing at a CAGR of around 7.2% between 2021 and 2028.      
Green Packaging Market Overview

Green Packaging Market Overview

Packaging is the most important entity that helps to attract the customer attention towards the product. In various packaging techniques, green packaging is the most popular technique that is in great demand due to its excellent characteristics. Green packaging is the eco-friendly type of packaging which uses recyclable material for packaging process. It also helps to reduce the environmental impact. It does not harm ozone layer as well as does not emit volatile organic compounds and greenhouse gasses such as carbon dioxide and methane. Thus, it has the great scope of food and beverages application in coming future years.

Green Packaging Market Growth Factors

The global green packaging market is primarily driven by a paradigm shift for products related to green packaging due to rising health awareness among consumers coupled with rising disposable incomes. Secondly, increasing environmental concerns and stringent rules and regulation is projected to bolster the demand for green packaging within the forecast period. However, lack of information about green packaging and its benefits is a major restraint that is likely to hinder the demand of the market.

Nonetheless, environmental issues are expected to offer new avenues to the major manufacturers of global green packaging market over the coming years.

COVID-19 Impact Analysis  

The global green packaging market has witnessed a slight decline in the sales for short term due to the lockdown enforcement introduced by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in upcoming year.  The significant decrease in the global Green packaging market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Report Scope:  

Segment Analysis Preview  

Reusable packaging, recycled content packaging, and degradable packaging are the major types of global green packaging market. Among all these, recycled content packaging dominated the global green packaging market in 2015. It accounted for significant share of the total market. In addition, reusable packaging was the second largest type of green packaging in the same. Further, it is also expected to have remarkable growth over the years to come owing to the government regulations coupled with rapidly growing demand for bio-plastic packaging. Moreover, the degradable packaging is also projected to have moderate growth in coming years.  

The major applications of global green packaging are personal care, food and beverages, healthcare and other applications. The food and beverages held as leading application segment of the market in 2020. It accounted for more than 45.0% shares of the entire market and further it is expected to continue this trend in near future. This growth is attributed to the robust demand for eco-friendly packaging coupled with stringent government regulations. Moreover, healthcare and personal care are expected to have exponential growth during coming years.  

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Key Market Players & Competitive Landscape

• Amcor
• Berry Plastics
• BASF
• DuPont
• Printpack
• Innovia Films Ltd
• Bemis Company
• Tetra Laval
• Ball Corporation

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The global green packaging market is segmented as follows:

By Types

• Reusable packaging
• Recycled Content Packaging
• Degradable Packaging

By Applications

• Personal Care
• Food and Beverage
• Healthcare

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa