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Eco-Friendly Food Packaging Market

Global Eco-Friendly Food Packaging Market is Expected to Foresee Significant Growth. Asia Pacific to lead the growth!

The global eco-friendly food packaging market is expected to register a CAGR of around 7% over the period of 2021-2027. A rise in the demand for packaged and processed food owing to the surging disposable income, growing demand for ready-to-eat food due to hectic lifestyles especially among millenniums, etc., across the globe, are some of the prominent factors driving the demand for eco-friendly food packaging. In 2020, the main application of plastics is as packaging material which accounts for 39.6% of the total production in Europe and is 50.7 million tons in 2019. Within the large sector, food packaging has received a great deal of attention with a global market which was estimated at around US$ 303 billion in 2019 and a 5.2% growth forecast until 2027 with an increase for flexible packaging. The reason why the production of plastic packaging is increasing is that it has advantageous characteristics such as low production cost, lightness, good mechanical performance, and a satisfactory oxygen barrier. Plastics are however originated from petrochemicals and the increase in their consumption inevitably results in socioeconomic problems like scarcity and rising oil prices. Furthermore, they also cause environmental problems like the generation and accumulation of solid waste which takes hundreds of years to decompose. Thus, the shift toward biodegradable and eco-friendly materials for packaging food and other purposes and growing in use.

 For a detailed analysis of the global eco-friendly food packaging market browse through https://univdatos.com/report/eco-friendly-food-packaging-market/

Based on material, the market is classified into paper & paperboard, plastic, metal, and glass. Amongst materials, the plastic segment accounted for a significant share of the market. Manufacturers are keen on the production of eco-friendly and biodegradable food packaging materials from biodegradable waste. Residual by-products of sugarcane extraction, rice bran, wheat, and maize are several of the raw materials leveraged to manufacture eco-friendly packaging material.

Based on type, the market is categorized into recycled content packaging, degradable packaging, and reusable packaging.  Among these, the recycled content packaging segment accounted for the largest revenue share in 2020 and is expected to grow at a faster rate over the forecast period.  Recycled materials are one of the top options for sustainable brand packaging. These can include recycled paper, plastic, and even fabrics. These materials are reused as raw materials by manufacturers to produce new packaging goods, reducing pollution produced by packaging trash.

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For a better understanding of the market adoption of the Eco-Friendly Food Packaging industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, rest of north America; Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. Asia Pacific is expected to witness the highest CAGR during the forecast period.  2019, Asia was the major producer of bioplastics, accounting for 45% of the global production. 0.79 million hectares of land was used to grow renewable stocks for bioplastic production which is 0.02% of the global agricultural area and this will remain the same despite the predicted growth of bioplastic production.

Some of the major players operating in the market include BASF, Ball Corporation, Sonoco Company, Tetra Pak, Amcor, Westrock Company, Mondi Group, Crown Holdings Inc., Sealed Air Corporation, Sustainable Packaging Industries, etc.,

Global Eco-Friendly Food Packaging Market Segmentation

Market Insight, by Material

  • Paper & Paperboard
  • Plastic
  • Metal
  • Glass

Market Insight, by Application

  • Food & Beverage
  • Bakery & Confectionery
  • Dairy Products
  • Others

Market Insight, by Type

  • Recycled Content Packaging
  • Degradable Packaging
  • Reusable Packaging

Market Insight, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • BASF 
    • Ball Corporation 
    • Sonoco Company
    • Tetra Pak
    • Amcor
    • Westrock Company
    • Mondi Group 
    • Crown Holdings Inc.
    • Sealed Air Corporation 
    • Sustainable Packaging Industries

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