The plant-based food packaging market is projected to register a CAGR of 9.60% from 2024 to 2034. In 2024, the market is valued at US$ 3.1 billion and is predicted to reach US$ 7.8 billion by 2034. The development of the demand for plant-based food packaging is fueled by eco-friendly, environmentally friendly, and recyclable packaging.
Attributes | Details |
---|---|
Market Value for 2024 | US$ 3.1 billion |
Market Value for 2034 | US$ 7.8 billion |
Market Forecast CAGR for 2024 to 2034 | 9.60% |
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Demand has historically developed at a CAGR of 7.30%. However, sales are set to increase at a remarkable pace, displaying a CAGR of 9.60% from 2024 to 2034.
Attributes | Details |
---|---|
Market Historical CAGR for 2019 to 2023 | 7.30% |
The Eco-friendly food packaging market focuses on creating sustainable, eco-friendly packaging solutions for food products. It reduces waste and carbon footprints and promotes sustainability. The market is compelled by increasing consumer demand for responsible packaging and a focus on single-use plastics.
The increasing awareness of environmental issues, including plastic pollution and climate change, is propelling the adoption of plant-based food packaging. Government regulations and consumer demand for sustainable products are forcing companies to offer environmentally responsible packaging options.
Plant-based packaging, primarily bioplastics, is a sustainable alternative to non-renewable hydrocarbons. Biodegradable PLA and bioPET are two common forms of bioplastics. Many food enterprises have switched to plant-based packaging for their plant-based food offerings.
This move offers numerous benefits such as reduced manufacturing expenditures and comparable or higher protection compared to petroleum-based alternatives. The need for environmentally friendly products is increasing as consumers prioritize sustainability.
Enlargement of Attractive Minimal Design for Food Packaging
Demand from Sustainable Meal Packaging Industry Caters the Green Packaging Endeavors
Innovations in Plant-based Food Packaging Overcomes Obstacles
An in-depth segmental analysis of the plant-based food packaging market indicates that bioplastic material is in significant demand. Similarly, biodegradable and compostable packaging witnesses an emergent demand.
Attributes | Details |
---|---|
Top Material | Bioplastic |
Market share in 2024 | 35% |
The demand for bioplastic food packaging is rising, projected to hold a 35% market share in 2024.
Attributes | Details |
---|---|
Top Packaging Type | Biodegradable and Compostable Packaging |
Market share in 2024 | 40% |
In 2024, the biodegradable and compostable packaging to hold a 40% market share due to lifestyle changes spurred by urbanization as well as demand for eco-friendly and efficient packaging.
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The following section explains the demand for plant-based food packaging in various countries. Industries in India and Thailand to experience impressive growth in the upcoming decade. China and Japan to progress in the meal packaging market notably, with South Korea having a lower CAGR than other nations.
Countries | CAGR from 2024 to 2034 |
---|---|
South Korea | 11.8% |
Thailand | 13.3% |
China | 12.4% |
India | 13.5% |
Japan | 12.0% |
The India plant-based meal packaging sector is predicted to report a CAGR of 13.5% by 2034, attracting prospects for eco-friendly meal distribution to boost revenue in India.
China is projected to experience a 12.4% CAGR in demand for eco-friendly meal packaging from 2024 to 2034.
The meal packaging market in Thailand is projected to register a CAGR of 13.3% through 2034, largely compelled by government-led eco-friendly initiatives.
Initiatives such as Green packaging, utilizing bioplastics, recyclable materials, plant-based biomaterials, organic fabrics, and repurposed goods, are gaining demand in Thailand. This is due to their biodegradability and ability to prevent food contamination, thereby encouraging customers to switch to convenience foods in the country.
South Korea’s meal packaging industry to extend at an 11.8% CAGR from 2024 to 2034. This offers unique investment possibilities, making it a prime destination for plant-based food packaging. South Korea-based manufacturers have augmented their product range to include various plant-based packaging options for multiple foods and beverages.
South Korea's consumer education initiatives have boosted the use of plant-based packaging in food items, influencing shopping decisions. This has led to companies developing diverse portfolios to cater to diverse consumer needs.
For instance, in 2022, a Korean food-grade polyethylene (PE) film supplier for its cold anti-fogging properties, ensuring food safety and shelf life while eliminating regulatory concerns, successfully specified Palsgaard’s Einar 611 bio-based anti-fog surfactant.
Japan's vegan meal packing industry is foreseen to develop at a CAGR of 12.0% through 2034, operated by packaging material innovations that improve functionality, durability, and performance.
The plant-based food packaging market is admiringly competitive, with numerous major players and multinational and regional small-to-medium-sized companies. These companies compete by offering high-quality products and utilizing advanced manufacturing technology.
To strengthen the company's offerings and market reach, food packaging companies implement various growth strategies, including new product development, product launches, partnerships and collaborations, mergers and acquisitions, and customer retention.
These packaging brands invest laboriously in research and development to introduce innovative and technologically advanced solutions in the vegan food packaging market.
Recent Developments in the Plant-based Food Packaging Market
The market is valued at US$ 3.1 billion in 2024.
The market is set to be valued at US$ 7.8 billion by 2034.
The vegan meal packaging industry in India is estimated to register a CAGR of 13.5% from 2024 to 2034.
The market is en route to register a CAGR of 9.60% from 2024 to 2034.
Bioplastic is anticipated to acquire a 35% market share in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material, 2024 to 2034
5.3.1. Bioplastics
5.3.2. Mycelium
5.3.3. Bagasse
5.3.4. Starch Based
5.3.5. Paper
5.4. Y-o-Y Growth Trend Analysis By Material, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Material, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Packaging Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Packaging Type, 2024 to 2034
6.3.1. Paper Based
6.3.2. Biodegradable and Compostable Packaging
6.3.3. Recyclable Plastic Packaging
6.4. Y-o-Y Growth Trend Analysis By Packaging Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Packaging Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging Formats
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Packaging Formats, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Packaging Formats, 2024 to 2034
7.3.1. Flexible Packaging
7.3.1.1. Stand-up Pouches
7.3.1.2. Flat Bottom Bags
7.3.1.3. Flow Wraps
7.3.2. Rigid Packaging
7.3.2.1. Trays
7.3.2.2. Containers
7.3.2.3. Bottles
7.4. Y-o-Y Growth Trend Analysis By Packaging Formats, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Packaging Formats, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Material
9.2.3. By Packaging Type
9.2.4. By Packaging Formats
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material
9.3.3. By Packaging Type
9.3.4. By Packaging Formats
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Material
10.2.3. By Packaging Type
10.2.4. By Packaging Formats
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material
10.3.3. By Packaging Type
10.3.4. By Packaging Formats
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Material
11.2.3. By Packaging Type
11.2.4. By Packaging Formats
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material
11.3.3. By Packaging Type
11.3.4. By Packaging Formats
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Material
12.2.3. By Packaging Type
12.2.4. By Packaging Formats
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material
12.3.3. By Packaging Type
12.3.4. By Packaging Formats
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Material
13.2.3. By Packaging Type
13.2.4. By Packaging Formats
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material
13.3.3. By Packaging Type
13.3.4. By Packaging Formats
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Material
14.2.3. By Packaging Type
14.2.4. By Packaging Formats
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material
14.3.3. By Packaging Type
14.3.4. By Packaging Formats
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Material
15.2.3. By Packaging Type
15.2.4. By Packaging Formats
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Material
15.3.3. By Packaging Type
15.3.4. By Packaging Formats
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Material
16.1.2.2. By Packaging Type
16.1.2.3. By Packaging Formats
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Material
16.2.2.2. By Packaging Type
16.2.2.3. By Packaging Formats
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Material
16.3.2.2. By Packaging Type
16.3.2.3. By Packaging Formats
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Material
16.4.2.2. By Packaging Type
16.4.2.3. By Packaging Formats
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Material
16.5.2.2. By Packaging Type
16.5.2.3. By Packaging Formats
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Material
16.6.2.2. By Packaging Type
16.6.2.3. By Packaging Formats
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Material
16.7.2.2. By Packaging Type
16.7.2.3. By Packaging Formats
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Material
16.8.2.2. By Packaging Type
16.8.2.3. By Packaging Formats
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Material
16.9.2.2. By Packaging Type
16.9.2.3. By Packaging Formats
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Material
16.10.2.2. By Packaging Type
16.10.2.3. By Packaging Formats
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Material
16.11.2.2. By Packaging Type
16.11.2.3. By Packaging Formats
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Material
16.12.2.2. By Packaging Type
16.12.2.3. By Packaging Formats
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Material
16.13.2.2. By Packaging Type
16.13.2.3. By Packaging Formats
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Material
16.14.2.2. By Packaging Type
16.14.2.3. By Packaging Formats
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Material
16.15.2.2. By Packaging Type
16.15.2.3. By Packaging Formats
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Material
16.16.2.2. By Packaging Type
16.16.2.3. By Packaging Formats
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Material
16.17.2.2. By Packaging Type
16.17.2.3. By Packaging Formats
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Material
16.18.2.2. By Packaging Type
16.18.2.3. By Packaging Formats
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Material
16.19.2.2. By Packaging Type
16.19.2.3. By Packaging Formats
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Material
16.20.2.2. By Packaging Type
16.20.2.3. By Packaging Formats
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Material
16.21.2.2. By Packaging Type
16.21.2.3. By Packaging Formats
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Material
16.22.2.2. By Packaging Type
16.22.2.3. By Packaging Formats
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Material
16.23.2.2. By Packaging Type
16.23.2.3. By Packaging Formats
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Material
17.3.3. By Packaging Type
17.3.4. By Packaging Formats
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Tetra Pak International SA
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Amcor Plc
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Sealed Air
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Berry Global Inc
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Pactiv Evergreen
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Vegware Ltd.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Genpak llc
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Stora Enso
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Eco Products Inc
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Biopak Pty Ltd.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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