What is the Projected Market Size and Growth of the Global Eco-Friendly Food Packaging Market?
The eco-friendly food packaging market size has seen notable growth recently. The market will expand from a significant $252.19 billion in 2024 to an estimated $274.21 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to environmental awareness, sustainability goals, government regulations, bans on single-use plastics, increased consumer preference for eco-friendly products, corporate sustainability initiatives, and efforts to reduce carbon footprint.
The eco-friendly food packaging market is anticipated to see notable expansion in the upcoming years. It is set to reach $408.44 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.5%. The forecasted growth can be attributed to recycling and circular economy efforts, supply chain sustainability, cost savings and efficiency, marketing, and brand image enhancement, and e-commerce and home delivery packaging solutions. Major future trends include innovations in biodegradable and compostable packaging, smart and active packaging for food safety, collaboration across the food industry value chain, use of recycled and repurposed materials.
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What are the Key Growth Factors driving the Eco-Friendly Food Packaging Market?
Increasing consumer awareness about the harmful effects of plastic products for food packaging is driving the growth of the eco-friendly food packaging market. The widespread usage of single-use and non-degradable plastic packaging products negatively impacts the environment. Plastic decomposition in a landfill takes hundreds of years and for such a long period, the plastic waste harms the environment and ultimately, living organisms. Countries like Germany and Austria are recycling waste at the rate of 56% and 52% respectively, and some countries, such as Wales, have set high recycling goals. Wales aims for zero waste by 2050, while the EU contemplates setting a new 2030 target of at least 65%. Therefore, increasing consumer awareness about the hazards of using plastic products for food packaging is set to propel the growth of the eco-friendly food packaging market in the upcoming years.
What are the Various Segments within the Global Eco-Friendly Food Packaging Market?
The various segments within the global eco-friendly food packaging market include:
1) By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
2) By Material: Paper And Paperboard, Metal, Glass, Plastic, Other Materials
3) By Technique: Active Packaging, Molded Packaging, Multipurpose Packaging, Alternate Fiber Packaging
4) By Application: Food And Beverages, Bakery And Confectionery, Dairy Products, Meat Products, Fruits And Vegetables, Convenience Food, Other Applications
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Which Major Players are operating in the Eco-Friendly Food Packaging Market?
Major companies, such as Amcor plc, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak International SA, BASF SE, Huhtamaki Oyj, Smurfit Kappa Group, Sonoco Products Co., Pactiv Evergeen Inc., European License Of PURE-PAK, Winpak Ltd., Printpak Holdings Inc, PaperFoam BV, Be Green Packaging, DS Smith plc, DuPont de Nemours & Company, Crown Holdings Inc., Ardagh Group Company, Uflex Limited, Graphic Packaging, Vegware Ltd., LimeLoop, Notpla Ltd., EcoEnclose LLC, Genpak LLC, Biopak Pty Ltd., Stora Enso Oyj, International Paper Company, Novamont S.p.A., NatureWorks LLC, Tetra Laval, Berry Global Inc., Reynolds Group Holdings Limited, BioMass Packaging, Sabert Corporation, World Centric, are operating in the eco-friendly food packaging market.
What are the Current Trends in the Eco-Friendly Food Packaging Market?
Technological advancement is a key trend gaining popularity in the eco-friendly food packaging market. Major market players are focusing efforts on creating innovative technologies for transitioning to environmentally friendly food packaging solutions to reduce environmental impact. For example, in October 2022, HuhtamäkiOyj, a Finland-based consumer packaging company, launched a recyclable ice cream packaging solution based on paper-based technology. This packaging solution is composed of 95% renewable biobased material due to a water-based barrier coating and paperboard that has received SFI certification. This innovation helps to reduce packaging costs, waste, and environmental pollution.
Which Region is Dominating the Eco-Friendly Food Packaging Market?
North America was the largest region in the eco-friendly food packaging market in 2024. The regions covered in the eco-friendly food packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Eco-Friendly Food Packaging Market Report 2025 Offer?
Eco-friendly food packaging refers to a process in which food is packaged using materials that are safe for the environment and can be degraded. The materials must be contained to prevent tampering or contamination from physical, chemical, or biological sources; active packaging is the most popular type of packaging used to keep food products safe. The Eco-Friendly Food Packaging Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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