Governments around the world are promoting the use of environmentally friendly packaging. Ireland, Italy and Japan offer tax exemptions for compostable packaging.

Global market for sustainable plastic packaging

Dublin, August 14, 2024 (GLOBE NEWSWIRE) — The report “Sustainable Plastic Packaging: Global Markets 2024-2029” has been added to The Offer.

The global value of sustainable plastic packaging was $86.6 billion in 2024 and is expected to reach $122.4 billion in 2029, representing a compound annual growth rate of 7.2%.

This report analyses the global sustainable plastic packaging market by segmenting it based on packaging type and end user. On the basis of packaging type, the market is further segmented into recycled packaging, reusable packaging and bioplastic packaging. Recycled packaging is further segmented into R-PET, R-PE, R-PP, R-PS and others (such as R-PVC, R-PLA, etc.). Bioplastic packaging is further segmented into biodegradable and non-biodegradable bioplastics.

The sustainable plastic packaging market is segmented into the following segments based on end user: food and beverage, industrial and chemical, healthcare, personal and home care, and others. These market segments are analyzed at global and regional levels. The base year for this analysis is 2023, and market estimates and forecasts are given from 2024 to 2029.

The report contains

• 66 data tables and 42 additional tables

• An analysis of the current and future global markets for sustainable plastic packaging

• Analyses of global market trends with market revenue data for 2023, estimates for 2024, forecasts for 2025 and projected CAGRs to 2029

• Market size estimates and revenue forecasts for the Sustainable Plastics Packaging market, with market share analysis by packaging type, end-use application, and region.

• Discussions about market dynamics, opportunities and challenges as well as new technologies

• Overview of sustainability trends and ESG developments in the industry, with a focus on the ESG practices of leading companies, their ESG scores and consumer attitudes

• Competitive intelligence, including company market shares, recent M&A activities and venture capital financing

• Profiles of leading companies including Amcor, Berry Global Group, Constantia Flexibles, NatureWorks and Plastipak Holdings.

Sustainable plastic packaging, made from recyclable or biodegradable materials, is an environmentally friendly alternative to traditional plastics. Recyclable PET and recyclable HDPE are two examples of plastics that can be reprocessed into new products. Additionally, biodegradable materials such as PLA, which is based on starch and cellulose, are designed to biodegrade in compost. These materials are versatile and are used in various applications, from food containers to flexible packaging. Demand for these types of sustainable packaging is growing in industries such as fashion and healthcare, as they offer environmental benefits without compromising performance.

The story continues

The fashion industry uses an estimated 150 billion plastic bags annually, most of which end up in landfills. In the food industry, switching to eco-friendly packaging is also crucial, with food packaging accounting for 40% of the 141 million tonnes of plastic waste generated annually (Tipa Ltd., 2024, What is Sustainable Packaging?). Sustainable packaging tackles this major source of pollution by extending the shelf life of perishable goods while meeting consumer demands for environmentally sustainable solutions. By moving away from traditional plastics, companies can reduce their carbon footprint, produce less waste in landfills and contribute to a healthier planet. Additionally, compostable food packaging supports a circular economy, ensuring that materials are reused for as long as possible before eventually decomposing in nutrient-rich soil.

Governments around the world are encouraging the use of environmentally friendly packaging. Countries such as Ireland, Italy and Japan offer tax exemptions for compostable packaging. Packaging with less than 30% recycled content is taxed more heavily in the UK. The UK’s Extended Producer Responsibility (EPR) schemes hold manufacturers and retailers responsible for the end of life of their packaging, tax hard-to-recycle plastics and exempt sustainable packaging from tax.

These actions are part of a global agenda to promote sustainable packaging for a healthier planet. Sustainable plastic packaging is an essential part of the circular economy as it uses raw materials efficiently and returns these materials to their origin. This approach minimizes the waste of resources such as water and energy and supports healthy globalization and the well-being of our planet.

Main features:

Main topics covered:

Chapter 1 Summary

• Market outlook

• Scope of the report

• Market overview

Chapter 2 Market overview

• Creation of plastic waste

• Recycled packaging

• Reusable packaging

• Bio-based plastic packaging

• Supply chain analysis

• Raw materials

• Sustainable plastic packaging

• Sales and Logistics

• consumer

• Porter’s Five Forces Analysis

Chapter 3 Market dynamics

• Market drivers

  • Increasing consumer preference for bioplastics

  • Use of bio-based flexible materials for primary packaging

  • Demand for packaging made from recycled plastic is increasing

  • Reusable packaging to achieve efficiency and environmental goals

• Market opportunities

  • Advances in recycling technology

  • Environmental awareness, regulatory pressure and circular economy initiatives

• Market challenges

  • Low plastic recycling rate

  • Higher costs for biopolymers

  • Other sustainable packaging solutions

Chapter 4 Regulatory landscape

Chapter 5 New technologies

Chapter 6 Market Segmentation Analysis

• Market analysis by packaging type

  • Recycled packaging

  • Reusable packaging

  • Bioplastic packaging

• Market analysis by end user

  • Food and beverages

  • Industry and Chemistry

  • Healthcare

  • Personal and household care

  • Other end users

  • Geographical breakdown

• Market analysis by region

  • North America

  • Europe

  • Asia-Pacific

  • Rest of the world

Chapter 7 Competitive landscape

• Competitiveness in the market

• Market positioning

• Strategic analysis

Chapter 8 Sustainability in the sustainable plastics packaging industry: An ESG perspective

• ESG in the sustainable plastics packaging industry

• ESG practices in the sustainable plastics packaging industry

• New sustainability trends

Company profiles: Sustainable plastic packaging

• AIM reusable packaging

• Amcor

• Berry Global

• Constantia Flexibles

• Georg Utz Holding

• Mondi

• Natural works

• Plastipak Holdings Inc.

• Exchange box

• Tipa GmbH

Company profiles: Biopolymer manufacturers

• 3M

• Arkema

• BASF

• Braskem

• Totalenergies Corbion

For more information about this report visit https://www.researchandmarkets.com/r/cbmkoh

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