Green Packaging Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR70940
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The green packaging market share is expected to increase by USD 118.88 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.63%.

This green packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by product (recyclable, reusable, and degradable), end-user (food industry, beverage industry, healthcare industry, personal care industry, and others), and geography (APAC, North America, Europe, South America, and MEA). The green packaging market report also offers information on several market vendors, including Amcor Plc, Ball Corp., Be Green Packaging, Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Evergreen Packaging LLC, Mondi Group, Nampak Ltd., and Sealed Air Corp. among others.

What will the Green Packaging Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Green Packaging Market Size for the Forecast Period and Other Important Statistics

 

Green Packaging Market: Key Drivers and Trends

The growing demand for bio-based resins as a packaging material is notably driving the green packaging market growth, although factors such as a rise in the prices of green packaging solutions due to the high cost of bio-based resins may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the green packaging market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Green Packaging Market Key Driver

One of the key factors driving growth in the green packaging market is the growing demand for bio-based resins as a packaging material. The packaging solutions manufactured from renewable bio-based resins or bio-based polymers, such as starch, cellulose, bio-epoxy, and polyglycolic acid, are helping businesses to reduce their reliance on fossil fuels. DuPont has developed Biomax Strong and Surlyn polymers for the manufacturing of packaging solutions. Bio-based resins have no or minimal effects on the environment. The degradation of polymer resins is generated by products such as water and hydrocarbons, which do not harm the environment. For instance, the use of Biomax Strong to the renewably sourced polylactic acid increases the strength of the material and reduces the energy consumption during extrusion by 30%. Thus, the growth in the demand for sustainable packaging materials across the value chain is driving the growth of the global green packaging market.

Green Packaging Market Key Trend

The rising demand for green packaging from emerging countries is another major factor supporting the green packaging market share growth. The main reason for the growth of the market in such countries is the change in the perception of retailers and consumers about packaging materials as packaging waste accounts for a large share of the global plastic waste. The rise in the number of landfills with plastic waste is increasing the emission of greenhouse gases, which will harm the environment. The rising global concerns regarding global warming have forced countries across the globe to draft a global agreement, namely the Paris Agreement or COP 21, on the reduction of the climate change impact. The growing demand for sustainable business development in emerging countries will strengthen the global demand for green packaging solutions.

Green Packaging Market Key Challenge

The rise in the prices of green packaging solutions due to the high cost of bio-based resins will be a major challenge for the green packaging market. The uncertainty in the demand and supply of bio-based resins has increased the volatility of the prices of raw materials. The cost of producing biodegradable polymers is 25%-75% higher than that of conventional plastics. The high cost of polymers increases the production cost of packaging solutions. The global green packaging market is at the nascent stage, and the degree of competition is high in the market. A rise in production costs will reduce the profit margin of the packaging vendors.

This green packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Dynamics

Technavio categorizes the global green packaging market as a part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps.

The global containers and packaging products market includes the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers, and paper packaging. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

Who are the Major Green Packaging Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amcor Plc
  • Ball Corp.
  • Be Green Packaging
  • Crown Holdings Inc.
  • DS Smith Plc
  • DuPont de Nemours Inc.
  • Evergreen Packaging LLC
  • Mondi Group
  • Nampak Ltd.
  • Sealed Air Corp.

 

This statistical study of the green packaging market encompasses successful business strategies deployed by the key vendors. The green packaging market is fragmented and the vendors are deploying growth strategies such as product differentiation and price differentiation. to compete in the market.

Product Insights and News

  • Ball Corp. - In June 2020, Ball Corp., announced a partnership with Blue Ocean Innovative Solutions for the retail launch of the ball aluminum cup. As aluminum cups offer consumers a better beverage drinking experience and is a game changer for retailers, entertainment venues and concessionaires who want to offer more sustainable packaging options
  • DuPont de Nemours Inc. - In April 2021, DuPont announced that it is investing approximately $30 million to build a new manufacturing facility in Zhangjiagang, Jiangsu Province in East China. This new facility will produce adhesives to serve customers in the transportation industry, primarily in support of two industry mega trends, vehicle electrification applications and lightweighting
  • Mondi Group - In June 2021, Mondi announced that it is increasing capacity for its paper-based MailerBAG range to further replace plastic packaging in e-commerce with a recyclable solution made of responsibly sourced renewable materials. The bags are made from kraft paper, a renewable material, and are completely re-usable and recyclable.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The green packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Green Packaging Value Chain Analysis

Our report provides extensive information on the value chain analysis for the green packaging market, which vendors can leverage to gain competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of metal and glass containers market products includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Green Packaging Market?

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47% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for green packaging market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The surge in demand for sustainable packaging solutions from the food and beverage, pharmaceutical, e-commerce, and organized retail industries in countries such as China, India, Australia, Singapore, Japan, Malaysia, and South Korea will facilitate the green packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak led to the temporary shutdown of production units of end-user industries, such as personal care, in 2020. owever, the market in this region is expected to recover and grow during the forecast period. The legal cannabis market report has further insights to estimate the COVID recovery rate in all the regions. 

What are the Revenue-generating Product Segments in the Green Packaging Market?

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The green packaging market share growth by the recyclable segment will be significant during the forecast period. The growing global awareness of the need for recyclable and sustainable packaging solutions is the major factor driving the growth of this segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the green packaging market size and actionable market insights on post COVID-19 impact on each segment.

 

Green Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.63%

Market growth 2021-2025

$ 118.88 billion

Market structure

Fragmented

YoY growth (%)

7.87

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 47%

Key consumer countries

US, China, UK, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Amcor Plc, Ardagh Group SA, Ball Corp., Be Green Packaging, BioMass Packaging, Clondalkin Group Holdings BV, Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Ecologic, Elopak AS, Evergreen Packaging LLC, Mondi Group, Nampak Ltd., Sealed Air Corp., SGD Pharma, Stora Enso Oyj, Sustainable packaging industries, Tetra Laval International SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Green Packaging Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive green packaging market growth during the next five years
  • Precise estimation of the green packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the green packaging market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of green packaging market vendors

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                2.2 Market Characteristics      

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

                                Exhibit 03:  Metal and Glass Containers Market

                                2.3.1 Inputs 

                                2.3.2 Inbound logistics

                                2.3.3 Operations

                                2.3.4 Outbound logistics

                                2.3.5 Marketing and sales 

                                2.3.6 Service 

                                Support activities 

                                Innovations 

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                3.4.1 Estimating growth rates for emerging and high-growth markets

                                3.4.2 Estimating growth rates for mature markets

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2020

5. Market Segmentation by Product               

                The segments covered in this chapter are: 

  • Recyclable
  • Reusable
  • Degradable

                5.1 Market segments

                                Exhibit 15: Product - Market share 2020-2025 (%)

                5.2 Comparison by Product    

                                Exhibit 16: ​Comparison by Product​

                5.3 ​Recyclable - Market size and forecast 2020-2025  

                                Exhibit 17: ​Recyclable - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 18: ​Recyclable - Year-over-year growth 2020-2025 (%)

                5.4 Reusable - Market size and forecast 2020-2025       

                                Exhibit 19: ​Reusable - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 20: ​Reusable - Year-over-year growth 2020-2025 (%)

                5.5 Reusable - Market size and forecast 2020-2025       

                                Exhibit 21: ​Reusable - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 22: ​Reusable - Year-over-year growth 2020-2025 (%)

                5.6 Market opportunity by Product    

                                Exhibit 23: ​Market opportunity by Product

6. Market Segmentation by End-user                             

                The segments covered in this chapter are: 

  • Food industry
  • Beverage industry
  • Healthcare industry
  • Personal care industry
  • Others

                6.1 Market segments

                                Exhibit 24: ​End-user - Market share 2020-2025 (%)

                6.2 Comparison by End-user  

                                Exhibit 25: ​Comparison by End-user

                6.3 Food industry - Market size and forecast 2020-2025             

                                Exhibit 26: ​Food industry - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 27: ​Food industry - Year-over-year growth 2020-2025 (%)

                6.4 ​Beverage industry - Market size and forecast 2020-2025​   

                                Exhibit 28: ​Beverage industry - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 29: ​Beverage industry - Year-over-year growth 2020-2025 (%)

                6.5 Healthcare industry - Market size and forecast 2020-2025 

                                Exhibit 30: ​Healthcare industry - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 31: ​Healthcare industry - Year-over-year growth 2020-2025 (%)

                6.6 Personal care industry - Market size and forecast 2020-2025            

                                Exhibit 32: ​Personal care industry - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 33: ​Personal care industry - Year-over-year growth 2020-2025 (%)

                6.7 Others industry - Market size and forecast 2020-2025          

                                Exhibit 34: ​Others industry - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 35: ​Others industry - Year-over-year growth 2020-2025 (%)

                6.8 Market opportunity by End-user  

                                Exhibit 36: ​Market opportunity by End-user

7. Customer landscape                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 37: ​Customer landscape​

8. Geographic Landscape                     

                ​​The regions covered in the report are: 

  • APAC
  • North America 
  • Europe
  • South America 
  • MEA

                8.1 Geographic segmentation

                                Exhibit 38: ​Market share by geography 2020-2025 (%)

                8.2 Geographic comparison   

                                Exhibit 39: Geographic comparison

                8.3 APAC - Market size and forecast 2020-2025​             

                                Exhibit 40: ​APAC - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 41: ​APAC - Year-over-year growth 2020-2025 (%)

                8.4 North America - Market size and forecast 2020-2025           

                                Exhibit 42: ​North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 43: ​North America - Year-over-year growth 2020-2025 (%)

                8.5 ​Europe - Market size and forecast 2020-2025         

                                Exhibit 44: ​Europe - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 45: Europe - Year-over-year growth 2020-2025 (%)

                8.6 South America - Market size and forecast 2020-2025           

                                Exhibit 46: ​South America - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 47: South America - Year-over-year growth 2020-2025 (%)

                8.7 MEA - Market size and forecast 2020-2025              

                                Exhibit 48: MEA - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 49: MEA - Year-over-year growth 2020-2025 (%)

                8.8 Key leading countries        

                                Exhibit 50: Key leading countries

                8.9 Market opportunity by geography

                                Exhibit 51: Market opportunity by geography ($ billion)

9. Drivers, Challenges, and Trends                   

                9.1 ​Market drivers     

                                9.1.1 Growing demand for bio-based resins as a packaging material

9.1.2 Rising demand for biodegradable packaging materials in the food and beverages industry

9.1.3 Stringent regulations and increasing government initiatives to promote sustainable materials

                9.2 Market challenges              

9.2.1 Rise in the prices of green packaging solutions due to the high cost of bio-based resins

                                9.2.2 Operational complexities in the adoption of bioplastics

                                9.2.3 Lack of awareness and acceptance of green packaging solutions

                                Exhibit 52: Impact of drivers and challenges

                9.3 Market trends      

                                9.3.1 Rising demand for green packaging from emerging countries

                                9.3.2 Growing use of green packaging solutions in the e-commerce industry

                                9.3.3 Rise in demand for biodegradable and sustainable packaging films

10. Vendor Landscape                           

                10.1 Competitive scenario      

                10.2 Vendor landscape            

                                Exhibit 53: Vendor landscape

                10.3 Landscape disruption      

                The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                                Exhibit 54: ​Landscape disruption​

                10.4 Industry risks      

                                Exhibit 55: Industry risks

11. Vendor Analysis               

                11.1 Vendors covered              

                                Exhibit 56: Vendors covered

                11.2 Market positioning of vendors    

                                Exhibit 57: ​Market positioning of vendors​

                11.3 Amcor Plc            

                                Exhibit 58:  Amcor Plc - Overview

                                Exhibit 59:  Amcor Plc - Business segments

                                Exhibit 60:  Amcor Plc - Key news

                                Exhibit 61:  Amcor Plc - Key offerings

                                Exhibit 62:  Amcor Plc - Segment focus

                11.4 Ball Corp.

                                Exhibit 63:  Ball Corp. - Overview

                                Exhibit 64:  Ball Corp. - Business segments

                                Exhibit 65:  Ball Corp. - Key news

                                Exhibit 66:  Ball Corp. - Key offerings

                                Exhibit 67:  Ball Corp. - Segment focus

                11.5 Be Green Packaging        

                                Exhibit 68:  Be Green Packaging - Overview

                                Exhibit 69:  Be Green Packaging - Business segments

                                Exhibit 70:  Be Green Packaging - Key offerings

                11.6 Crown Holdings Inc.         

                                Exhibit 71:  Crown Holdings Inc. - Overview

                                Exhibit 72:  Crown Holdings Inc. - Business segments

                                Exhibit 73:  Crown Holdings Inc. - Key offerings

                                Exhibit 74:  Crown Holdings Inc. - Segment focus

                11.7 DS Smith Plc        

                                Exhibit 75:  DS Smith Plc - Overview

                                Exhibit 76:  DS Smith Plc - Business segments

                                Exhibit 77:  DS Smith Plc - Key news

                                Exhibit 78:  DS Smith Plc - Key offerings

                                Exhibit 79:  DS Smith Plc - Segment focus

                11.8 DuPont de Nemours Inc.

                                Exhibit 80:  DuPont de Nemours Inc. - Overview

                                Exhibit 81:  DuPont de Nemours Inc. - Business segments

                                Exhibit 82:  DuPont de Nemours Inc. - Key news:

                                Exhibit 83:  DuPont de Nemours Inc. - Key offerings

                                Exhibit 84:  DuPont de Nemours Inc. - Segment focus

                11.9 Evergreen Packaging LLC

                                Exhibit 85:  Evergreen Packaging LLC - Overview

                                Exhibit 86:  Evergreen Packaging LLC - Product and service

                                Exhibit 87:  Evergreen Packaging LLC - Key news

                                Exhibit 88:  Evergreen Packaging LLC - Key offerings

                11.10 Mondi Group   

                                Exhibit 89:  Mondi Group - Overview

                                Exhibit 90:  Mondi Group - Business segments

                                Exhibit 91:  Mondi Group - Key news

                                Exhibit 92:  Mondi Group - Key offerings

                                Exhibit 93:  Mondi Group - Segment focus

                11.11 Nampak Ltd.     

                                Exhibit 94:  Nampak Ltd.  - Overview

                                Exhibit 95:  Nampak Ltd.  - Business segments

                                Exhibit 96:  Nampak Ltd.  - Key offerings

                                Exhibit 97:  Nampak Ltd.  - Segment focus

                11.12 Sealed Air Corp.              

                                Exhibit 98:  Sealed Air Corp. - Overview

                                Exhibit 99:  Sealed Air Corp. - Business segments

                                Exhibit 100:  Sealed Air Corp. - Key news

                                Exhibit 101:  Sealed Air Corp. - Key offerings

                                Exhibit 102:  Sealed Air Corp. - Segment focus

12. Appendix                            

                12.1 Scope of the report         

                                12.1.1 ​​​​Market definition

                                12.1.2 ​​​​Objectives

                                12.1.3 ​​​​Notes and caveats

                12.2 Currency conversion rates for US$            

                                Exhibit 103: ​Currency conversion rates for US$​

                12.3 Research Methodology 

                                Exhibit 104: ​Research Methodology

                                Exhibit 105: ​​Validation techniques employed for market sizing​

                                Exhibit 106: ​​Information sources

                12.4 List of abbreviations        

                                Exhibit 107: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The green packaging market growth will increase by $118.88 billion during 2020-2025.
The green packaging market is expected to grow at a CAGR of 8.63% during 2020-2025.
Technavio has segmented the green packaging market by product (Recyclable, Reusable, and Degradable) ,end user (Food industry, Beverage industry, Healthcare industry, Personal care industry, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
Amcor Plc, Ball Corp., Be Green Packaging, Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Evergreen Packaging LLC, Mondi Group, Nampak Ltd., Sealed Air Corp. are a few of the key vendors in the green packaging market.
APAC will register the highest growth rate of 46.96% among the other regions. Therefore, the green packaging market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the green packaging market growth are:
  • Growing demand for bio-based resins as a packaging material
The green packaging market vendors should focus on grabbing business opportunities from the recyclable segment as it accounted for the largest market share in the base year.
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