The global eco-friendly food packaging market size is expected to grow from $196.26 billion in 2021 to $211.56 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The eco-friendly food package market is expected to reach $280.10 billion in 2026 at a CAGR of 7.3%.
What is the Global Eco-Friendly Food Packaging Market?
The eco-friendly food packaging market consists of sales of eco-friendly food packaging products by entities (organizations, sole traders, and partnerships) that are made out of recycled materials. Eco-friendly packaging is defined as any packaging which is easy to recycle, reuse, compostable, or biodegradable, as well as safe for people and the environment. It involves the use of materials and production methods that have the least amount of impact on natural resources and energy consumption.
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What drives the Global Eco-Friendly Food Packaging Market?
The growing consumer awareness about the drawbacks of using single-use and non-degradable 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 harms 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 wastes 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.
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Global Eco-Friendly Food Packaging Market Segments
The global eco-friendly food package market is segmented:
By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
By Material: Paper and Paperboard, Metal, Glass, Plastic, Others
By Technique: Active Packaging, Molded Packaging, Multipurpose Packaging, Alternate Fiber Packaging
By Application: Food and Beverages, Bakery and Confectionery, Dairy Products, Meat Products, Fruits and Vegetables, Convenience Food, Others
By Geography: The regions covered in the eco-friendly packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Eco-Friendly Food Packaging Global Market Report 2022provides market size and growth forecasts for the global eco-friendly food packaging market, global eco-friendly food packaging market share, eco-friendly food packaging market segments and geographies, eco-friendly food packaging market competitive landscape including leading competitors’ revenues, profiles and market shares. The eco-friendly food packaging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Eco-Friendly Food Packaging Industry Playersinclude Amcor, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak, BASF, Huhtamaki Oyj, Westrock, Smurfit Kappa Group, Sonoco, Evergreen Packaging, Elopak, Winpak Ltd., Printpak, PaperFoam bv, Be Green Packaging, DS Smith plc, DuPont and Crown Holdings Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
