Overview and Scope
Eco-friendly food packaging refers to a process in which food is packaged using materials that are safe for the environment and can be degradable. 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.
Sizing and Forecast
The eco-friendly food packaging market size has grown strongly in recent years. It will grow from <b>$233.39 billion in 2023 to $253.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. </b> The growth in the historic period can be attributed to environmental awareness and sustainability goals, government regulations and bans on single-use plastics, increased consumer preference for eco-friendly products, corporate sustainability initiatives, and reduced carbon footprint.
The eco-friendly food packaging market size is expected to see strong growth in the next few years. It will grow to <b>$364.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. </b> The growth in the forecast period 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 trends in the forecast period include innovations in biodegradable and compostable packaging, smart and active packaging for food safety, collaboration across the food industry value chain, smart and active packaging for food safety, and use of recycled and repurposed materials.
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Segmentation & Regional Insights
The eco-friendly food packaging market covered in this report is segmented –
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
<b>North America</b> was the largest region in the eco-friendly food packaging market in 2023. 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.
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Major Driver Impacting Market Growth
The growing consumer awareness about the drawbacks of plastic products for food packaging is driving the growth of the eco-friendly food packaging market. Widespread usage of single-use and non-degradable plastic packaging products affects the environment adversely. Plastic takes hundreds of years to decompose in a landfill and for such a long period the plastic waste will be there in the surroundings and cause several harm to the environment and ultimately harms the life of plants, animals, and human beings. For instance, according to the World Economic Forum report, countries such as Germany and Austria are the leaders in recycling waste at the rate of 56% and 52% respectively. In addition, some countries, such as Wales, have set lofty recycling goals for themselves. Wales is aiming for zero waste by 2050, while the EU is considering setting a new 2030 target of at least 65%. Therefore, increasing awareness among the consumer about the hazards of using plastic products for food packaging is expected to propel the growth of the eco-friendly food packaging market over the coming years.
Key Industry Players
Major companies operating in the eco-friendly food packaging market include <b> Amcor plc, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak International SA, BASF SE, Huhtamaki Oyj, MeadWestvaco and RockTenn, 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, PlastiPak Holdings Ltd., 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, Pactiv LLC, BioMass Packaging, Sabert Corporation, World Centric </b>
The eco-friendly food packaging market report table of contents includes:
1. Executive Summary
2. Eco-Friendly Food Packaging Market Characteristics
3. Eco-Friendly Food Packaging Market Trends And Strategies
4. Eco-Friendly Food Packaging Market – Macro Economic Scenario
5. Global Eco-Friendly Food Packaging Market Size and Growth
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26. South America Eco-Friendly Food Packaging Market
27. Brazil Eco-Friendly Food Packaging Market
28. Middle East Eco-Friendly Food Packaging Market
29. Africa Eco-Friendly Food Packaging Market
30. Eco-Friendly Food Packaging Market Competitive Landscape And Company Profiles
Top Major Players:
- Amcor PLC
- Mondi PLC
- Sealed Air Corporation
- Ball Corporation
- Tetra Pak International SA
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