Eco-Friendly Food Packaging Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Material (Paper & Paperboard, Plastic, Metal, Glass); Application (Food & Beverage, Bakery & Confectionery, Dairy Products, Others); Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging); and Region/Country
The demand for eco-friendly packaging is witnessing an uptick on account of the shifting preference of hotels, restaurants, and cafes toward biodegradable food packaging material. In 2018, Hilton Hotels & Resorts following its 2030 environmental and social targets, also pledged to phase out all plastic straws and stop using plastic water bottles in meetings & events. The waste generated by packaging and packaging materials is enormous and represents a major part of the total global waste that includes disposables used for several purposes. For instance, in 2018, the packaging waste generated in the EU was estimated at 174.1 kg per inhabitant varying from 67.8 kg per inhabitant in Croatia and 227.5 kg per inhabitant in Germany. Also, in the EU, During 2008-2018, paper and cardboard was the leading packaging waste material with around 31.8 million tonnes in 2018. This material is followed by plastic and glass generating 14.8 million tonnes & 14.5 million tonnes of waste in 2018, respectively. Owing to the increasing waste generation coupled with lowered recycling rate is harming the earth’s environment which in turn is driving the growth of eco-friendly food packing market.
The Global Eco-Friendly Food Packaging Market is expected to register a CAGR of around 7% over the period of 2021-2027. In 2019, Asia was the major producer of bioplastics, accounting for 45% of 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. This will have no impact on 97% of the global agricultural area that is being used for pasture, food, and feed. This growing attention towards environmentally friendly products is increasing the use of eco-friendly food packing in the region.
A rise in the café, hotels, and restaurants across in Asia pacific region coupled with the availability of healthy food as per consumer demand is leading to the growing demand for the eco-friendly food packing market. As per Statista, the number of food service establishments worldwide varied greatly by region in 2020. Asia-Pacific had the most establishments at over 17 million. In comparison, the region with the second-highest number of food services establishments was Latin America with over 2.3 million.
BASF, Ball Corporation, Sonoco Company, Tetra Pak, Amcor, Westrock Company, Mondi Group, Crown Holdings Inc., Sealed Air Corporation, Sustainable Packaging Industries, etc., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst materials, the plastic category accounted for the majority share in the market in 2020”
Based on the material, the market is fragmented into paper & paperboard, plastic, metal, and glass. The paper & paperboard segment grabbed a considerable market share in 2020. Paper and paperboard containers are biodegradable and are more sustainable than plastic, making them more acceptable to consumers. Some factors that make paper and paperboard containers environment-friendly are that they are recyclable, reusable, save energy, and conserve natural resources.
“Amongst application, food & beverage segment is expected to witness highest CAGR during the forecast period”
Based on the application, the market is segmented into food & beverage, bakery and confectionery, dairy products, and others. The food & beverage segment grabbed a considerable market share owing to the growing demand from the HoReCa and nightclubs, pubs, and bars. As per a report by IHG, The global hotel industry is a $525bn industry, made up of 18 million rooms in 2018. 54% of rooms are affiliated with a global or regional chain (‘branded’), up from 50% in 2012
“North America to witness significant growth during the forecast period”
For a better understanding of the market adoption of the Eco-Friendly Food Packaging market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific region grabbed the major market for the Eco-Friendly Food Packaging Market industry in 2020. However, the Europe region would witness a considerable CAGR during the forthcoming years
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of Eco-Friendly Food Packaging Market|
|2.2.||Research Methodology of Eco-Friendly Food Packaging Market|
|2.5.||Main Objective of Eco-Friendly Food Packaging Study|
|5||GLOBAL ECO-FRIENDLY FOOD PACKAGING MARKET COVID-19 IMPACT|
|6||GLOBAL ECO-FRIENDLY FOOD PACKAGING MARKET REVENUE, 2019-2027F|
|7.1.||Paper & Paperboard|
|8.1.||Food & Beverage|
|8.2.||Bakery & Confectionery|
|9.1.||Recycled Content Packaging|
|10.1.||North America Eco-Friendly Food Packaging Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Eco-Friendly Food Packaging Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia Pacific Eco-Friendly Food Packaging Market|
|10.3.5.||Rest of Asia Pacific|
|10.4.||Rest of World Eco-Friendly Food Packaging Market|
|12||ECO-FRIENDLY FOOD PACKAGING MARKET OPPORTUNITIES|
|13||ECO-FRIENDLY FOOD PACKAGING MARKET TRENDS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Porters Five Forces Analysis|
|18.8.||Crown Holdings Inc.|
|18.9.||Sealed Air Corporation|
|18.10.||Sustainable Packaging Industries|
Research Methodology for the Global Eco-Friendly Food Packaging Market Analysis (2021-2027)
Analyzing the historical market, estimating of the current market, and forecasting the future market of the global eco-friendly food packaging market were the three major steps undertaken to create and analyze the adoption of eco-friendly food packaging in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global eco-friendly food packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the eco-friendly food packaging market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the eco-friendly food packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as material, application, and type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the eco-friendly food packaging market. Further, we conducted factor analysis using dependent and independent variables such as surging disposable income, rising number of food manufacturing facilities, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the eco-friendly food packaging market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Eco-Friendly Food Packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of eco-friendly food packaging market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global eco-friendly food packaging market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global eco-friendly food packaging market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of material, application, and type in the global eco-friendly food packaging market.
The main objective of the Global Eco-Friendly Food Packaging Market Study
The current & future market trends of the global eco-friendly food packaging market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the eco-friendly food packaging market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of service type and end-use
- Define and analysis of the regulatory framework for the eco-friendly food packaging market industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the eco-friendly food packaging market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world.
- Company profiles of the Eco-friendly food packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry