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What is the current size and annual growth rate of the plastic free packaging market?
The plastic free packaging market size has grown strongly in recent years. It will grow from $6.04 billion in 2024 to $6.64 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increasing environmental awareness, increasing investments by food and beverage manufacturers, a rise in the awareness regarding harmful side effects, a ban on plastic bags and other plastic products, and the growing popularity of e-commerce and online retail.
The plastic free packaging market size is expected to see strong growth in the next few years. It will grow to $9.59 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to stringent government regulations and policies and growing emphasis on circular economy principles. Major trends in the forecast period include advancements in packaging materials and technologies, development of biodegradable and compostable materials, advancements in material science, collaboration between manufacturers, suppliers, and research institutions, and exploring reusable packaging solutions.
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Which major factors have contributed to the expansion of the plastic free packaging market?
The growing popularity of e-commerce and online retail is anticipated to propel the growth of the plastic-free packaging market going forward. E-commerce refers to the buying and selling of goods and services over the internet, while online retail specifically focuses on the sale of products directly to consumers through digital platforms. The popularity of e-commerce and online retail is driven by convenience, wider product selection, competitive pricing, and the increasing adoption of digital technologies by consumers. Plastic-free packaging helps e-commerce and online retail by enhancing sustainability, reducing environmental impact, and meeting consumer demand for eco-friendly options, all while maintaining product safety and appealing to eco-conscious shoppers. For instance, in August 2024, according to the United States Census Bureau, a US-based government agency, in the second quarter of 2024, US retail e-commerce retail sales reached $291.6 billion, marking a 6.7% increase from the same quarter in 2023 and a 1.3% rise from the first quarter of 2024. Therefore, the growing popularity of e-commerce and online retail is driving the growth of the plastic-free packaging market.
How is the plastic free packaging market segmented?
The plastic free packaging market covered in this report is segmented –
1) By Packaging Type: Pouches, Boxes And Cartons, Bottles, Blisters, Trays, Other Packaging Types
2) By Material: Paper, Glass, Metal, Aluminum Foil, Other Materials
3) By End-Use: Food And Beverages, Pharmaceutical, Personal Care And Cosmetics, Consumer Goods, Electrical And Electronics
Subsegments:
1) By Pouches: Paper Pouches, Compostable Pouches, Plant-Based Pouches
2) By Boxes and Cartons: Cardboard Boxes, Corrugated Boxes, Paperboard Cartons
3) By Bottles: Glass Bottles, Aluminum Bottles, Paper Bottles
4) By Blisters: Paper Blisters, Compostable Blisters
5) By Trays: Paper Trays, Bamboo Trays, Plant Fiber Trays
6) By Other Packaging Types: Fabric Packaging, Edible Packaging, Wooden Packaging
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Who are the top competitors in the plastic free packaging market?
Major companies operating in the plastic free packaging market are WestRock Company, International Paper Company, Amcor plc, Tetra Pak International S.A., Huhtamaki OYJ, Mondi plc, Futamura Group, Beatson Clark Limited, Vegware Ltd., TemperPack Technologies Inc., PaperFoam B.V., BioPak Pty Ltd, Pappco Greenware Pvt. Ltd., TIPA Corporation Ltd., Alter Eco Americas PBC, Sulapac Ltd., No Evil Foods Inc., Ecologic Brands Inc., EnviGreen Biotech Pvt. Ltd., Loop Industries Inc.
What major trends will shape the plastic free packaging market during the forecast period?
Major companies operating in the plastic-free packaging market are focusing on innovative edible packaging alternatives, such as plant-sourced barrier coating, to reduce plastic waste and provide sustainable and innovative solutions for customers. A plant-sourced barrier coating is an eco-friendly material derived from plants, used to provide a protective layer on packaging surfaces. This coating acts as a barrier to moisture, air, oils, and other elements that could compromise the integrity of the packaged product. For instance, in January 2022, Melodea Ltd., an Israel-based producer of packaging solutions, launched two sustainable, plant-based plastic alternatives for packaging made from cellulose crystals extracted from wood pulp sourced from trees grown in industrial forests. The new materials include MelOx, a high-performance barrier coating that provides protection against oxygen, oil, and grease transmission, and Melodea VBcoat, which offers protection from water vapor as well as oil and grease transmission. These innovations underline the industry’s shift toward more eco-friendly and functional packaging solutions.
Which regional trends are influencing the plastic free packaging market, and which area dominates the industry?
North America was the largest region in the plastic free packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic free packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Plastic Free Packaging Market Report 2025 Offer?
The plastic free packaging market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Plastic free packaging refers to packaging solutions that eliminate the use of plastic materials, opting instead for environmentally friendly alternatives. These alternatives are designed to reduce environmental impact, minimize plastic waste, and promote sustainability within the packaging industry.
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