Global Sustainable Packaging Market 2024-2030

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    SUSTAINABLE PACKAGING MARKET

     

    INTRODUCTION

    Sustainable packaging refers to the sourcing, development, and use of packaging solutions that have minimal environmental impact and footprint. It is earth-friendly and does not contribute to the further depletion of natural resources.

     

    Being more sustainable can help you acquire more customers and boost loyalty while you’re at it. Multiple studies have shown that consumers are increasingly factoring in sustainability when choosing which brands to do business with. The US. consumers found that almost 70% of respondents considered sustainability as at least “somewhat important” and almost half (47%) said that they would pay 25% more for sustainable products.

     

    Reducing packaging materials and minimizing waste are two big components of sustainable packaging. And when implemented correctly, they lead to more efficient storage, so you can limit the space required to house your products (thus lowering storage costs) or open up additional space to store more merchandise.

     

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    Simply put, it is packaging that, over time, reduces its environmental footprint. This can happen in a number of ways which includes integration of Ingredients by using raw 100% recycled or raw materials and Production process implementation by minimizing the production process, supply chain and carbon footprint.

     

    For example, plant-based packaging may seem like a viable option. But quite often that means clearing endangered rainforests to grow crops. Eco packaging needs to consider the economic factor. It needs to be priced competitively over traditional oil-based/single-use packaging options.

     

    SUSTAINABLE PACKAGING MARKET DYNAMICS

    Eco-friendly initiatives used to be quite novel in the business world. Several years ago, going green was something that only niche or forward-thinking companies would promote. Today, however, engaging in sustainable practices is not something that is nice to do as it has turned increasingly on becoming the standard. Various organizations are calling for more collective, eco-friendly efforts to sustain the planet.

     

    Material science and packaging engineering are developing at an incredible speed. As a result, more eco-friendly packaging options are on the market that can take care of a wide range of products. More brands are switching to eco-friendly packaging – cosmetics marketing, ethical fashion, and apparel, even cannabis branding works closely with packaging sustainability.

     

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    There have also been many breakthroughs in plant-based packaging and biodegradable plastic packaging. This also means that it is getting easier for your brand to reduce its carbon footprint. Plus, with the public more and more aware of the waste caused by bad packaging, wasteful brands are being named and shamed.

     

    Sustainable design is designing product packaging with the main purpose of doing as little harm to the environment as possible. This can be achieved by using recycled material. Therefore, sustainable design with reusability in mind increases brand loyalty amongst their audience.

     

    The supply chain of IKEA, which was part of the global leaders in the Sustainable Market requirements, started to invest in biodegradable types of packaging made from mycelium fungus. The change has been a pioneering example of leaving Styrofoam behind – the common resource used to secure products in cardboard packaging.

     

    Value engineering is the latest induction into the Global Sustainable Packaging Market wherein the process of redesigning packaging from the ground up with the aim of saving money – and believe it or not, most money can be saved by using less packaging. That was the case of Raylo – a London-based start-up which optimized its packaging by using less materials.

     

    SUSTAINABLE PACKAGING MARKET SEGMENTATION

     

    The Global Sustainable Packaging Market can be segmented into following categories for further analysis.

     

    Sustainable Packaging Market By Packaging Product

    • Plastic Production Based
    • Paper Production Based
    • Corrugated Board Based
    • Reinforced material based
    • Composite material Based
    • Other Materials

     

    Sustainable Packaging Market By In Product Usage Type

    • Foods and Beverages
    • High Value Objects / items
    • FMCG Products
    • Electronic Products
    • Fashion Products
    • Low Value Software Products
    • Hardware Products
    • Electrical and Hazardous Products
    • Mechanical Products

     

    Sustainable Packaging Market By Volume Categorization Type

    • Large Scale Packaging Provisioners
    • Small Scale Packaging Provisioners
    • Omni Business Packaging Provisioners
    • Medium Scale Packaging Provisioners

     

    Sustainable Packaging Market By Type of Consumption

    • Recyclable Packaging
    • Reusable Packaging
    • Degradable Packaging

     

    Sustainable Packaging Market By Consumed Sustainable Material

    • SBS – Soldi Bleach Sulphate
    • CUK – Coated unbleached Kraft
    • Recycled Coated and Uncoated

     

    Sustainable Packaging Market By Packaging Functions

    • Active Packaging
    • Moulded Packaging
    • Alternate fibre Packaging

     

    Sustainable Packaging Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN SUSTAINABLE PACKAGING MARKET

    The strongest trends in the packaging industry all revolve around a circular economy. In the European Union, it is driven primarily by political pressure and consumer perception regarding packaging. China (and now India) are closing their doors to waste, environmental groups are lobbying to stop plastic pollution in the oceans, and the EU continues to strengthen its resource protectionism.

     

    However, now the EU is passing regulations faster than usual, including regulations to increase recycling rates and recycled content and laws to reduce single-use plastics. As a result, manufacturers are rushing to reach their own quotas and targets, scrambling to solve a puzzle whose edges are still ill-defined.

     

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    In order to be recycled, post-consumer packaging has to fulfil a long list of requirements (e.g., separability, cleanliness, labelling and coloration). Manufacturers trying to fulfil those requirements may have to use more material and energy when they produce the packaging than they have done up until now.

     

    Another trend on the rise is the increased use of bioplastics to replace fossil-fuel-based plastics. People tend to equate bioplastics with biodegradable or compostable, but they are not necessarily either of those. While bioplastics are certainly interesting substitutes (identical in many of their physical and technical properties to their fossil-based counterparts), using them might only shift the environmental burden by reducing the carbon footprint while increasing acidification, the water footprint, or other environmental impacts.

     

    Laminates and composite packaging from multiple materials constitute one of the biggest hurdles to achieving recyclability (not recycling itself, for which the biggest problem is collection and infrastructure). So manufacturers have made considerable effort to shift to mono-material packaging (laminates included). The risk here is that mono-material solutions can end up decidedly heavier and bulkier than their composite alternatives and may need other additives.

     

    RECENT PRODUCT LAUNCHES IN THE SUSTAINABLE PACKAGING MARKET

     

    Amcor has introduced more environmentally friendly pharmaceutical packaging. Amcor, a global leader in developing and manufacturing environmentally responsible packaging solutions, has announced the addition of new, more environmentally friendly High Shield laminates to its pharmaceutical packaging line.

     

    The new low-carbon, recycle-ready packaging choices provide on two fronts: they meet the industry’s high barrier and performance criteria while also helping pharmaceutical businesses meet their recyclability goals.

     

    More sustainable pharmaceutical sachet, stick pack, and strip pack packaging are among the new High Shield developments, which are available in both paper-based and Polyolefin-based materials.

     

    The novel material structure provides recycle-readiness in accordance with regional demands and promotes pharmaceutical businesses’ market differentiation initiatives. It also allows manufacturers and packers to use their existing filling machines without making any expenditures or losing efficiency.

     

    The inclusion of more sustainable High Shield Pharma Laminates to Amcor’s portfolio demonstrates our constant commitment to healthcare innovation as well as environmental promise.

     

    Nothing is more important to Amcor in healthcare packaging than ensuring the safety and efficacy of medicine and medical devices that millions of people rely on on a daily basis.

     

    To accommodate this expanding demand and to meet the sustainability standards imposed by the European Union and regional governments, the more sustainable High Shield Pharma Laminates choices for pharmaceutical sachet, stick pack, and strip pack packaging will initially be offered throughout Europe.

     

    RECENT DEVELOPMENT IN SUSTAINABLE PACKAGING MARKET

    Recent trends in nanotechnology applications of bio-based packaging. Nanotechnology has entered practically every industry and has astounded the world by giving a wide range of possible applications in these fields.

     

    Nanostructure materials are chosen over their macrostructure counterparts due to their unique physical and chemical features and better performance. The food sector is one of the areas where nanotechnology has changed the way foods are preserved, processed, tested, and packaged.

     

    Advanced packaging based on nanotechnology has made it feasible to carry food products safely without compromising taste, nutrition, or quality. Furthermore, it avoids contamination and preserves the mechanical, physiological, physical, and chemical qualities of food.

     

    To provide better, active, bio-based, and smart/intelligent packaging, a variety of nanomaterials have been used in food packaging. By using sensors to detect contamination, gases, moisture, temperature, and other food characteristics, smart/intelligent packaging maintains food safety.

     

    In contrast, bio-based packaging uses packaging materials that are biodegradable and biocompatible rather than traditional plastic to prevent food deterioration of any type. However, further work is required to address the difficulties with bio-based packaging materials’ cost and other properties.

     

    A small number of studies on nano packaging—such as enhanced, active, and intelligent packaging—have concentrated on bio-based packaging. Packaging of the future that promotes the use of natural polymers rather than synthetic ones is known as “bio-based” packaging.

     

    This article provides an overview of the many kinds of nano packaging materials, with an emphasis on bio-based packing and the distinctive qualities and characteristics of enhanced, intelligent, and active packaging.

     

    SUSTAINABLE PACKAGING MARKET COMPETITIVE LANDSCAPE

    In the recent years of Global Sustainable Packaging Market, there has been an extensive competition being noticed in the research and development of the required packaging improvisation to comply with the environmental standards and basic SOP of Packaging the commodity as required by categorizations.

     

    Sustainability Packaging Companies are focusing more upon integrating the Sustainable packaging technology within the industrial segments. Regulators are moving on the issue, and Fast-Moving Consumer Goods (FMCG) companies and retailers are proactively making bold commitments to improve both the sustainability of their packaging and to fundamentally rethink their packaging systems.

     

    infographic: green packaging market size, green packaging market, Sustainable Packaging Market , Sustainable Packaging Market Size, Sustainable Packaging Market Trends, Sustainable Packaging Market Forecast, Sustainable Packaging Market Risks, Sustainable Packaging Market Report, Sustainable Packaging Market Share

     

    Amcor advances sustainability commitments with the installation of a new blown-film production line. Amcor’s recently launched proprietary AmPrima™ PE Plus ultra-clear and heat resistance films. 

     

    AmPrima products enable customers to shift to recycle-ready solutions toward sustainability goals. The AmPrima line uses machine-direction orientation technology to produce films that can run at speeds that competitors are unable to match in a recycle-ready solution.

     

    These films enable customers to shift to recycle-ready solutions without compromising on performance, product appearance or manufacturing throughput. AmPrima is part of Amcor’s growing portfolio of responsible packaging solutions.

     

    Tetra Pak is one of the most known and significant packaging companies and stakeholder which is involved in varied levels of sustainable-based packaging systems being implemented through material inversion and conversion technology.

     

    The main material in all packages is paperboard. It uses just enough to make the package stable, without adding unnecessary weight. Paperboard is a renewable material, made from wood.​

     

    The latest product within the packaging requirements which is the Tetra Brik® Aseptic 1000 Edge with Bio-based LightCap™ 30 is the smart package that is ideal for ambient beverages.

     

    Carrying the highest class of certification from TÜV for its use of renewable materials, its efficient shape optimizes the use of materials, weight, and space. In addition, it now comes with the Tetra Pak® Craft packaging material effect, adding an authentic edge to smart form, and function.

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Sustainable Packaging Market size and Forecast, by region, by application
    2. Average B-2-B price for Sustainable Packaging Market, by region, per user
    3. Technology trends and related opportunity for new Sustainable Packaging Market tech suppliers
    4. Sustainable Packaging Market share of leading vendors, by region,
    5. Coronavirus impact on Sustainable Packaging Market earnings
     
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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