The productive power of the global Plastic-free pack market will likely increase at a CAGR of 4.2% during the forecasted period. This will elevate the market size from US$ 8.3 billion to US$ 12.5 billion between 2024 and 2034.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | US$ 8.3 billion |
Projected Market Value in 2034 | US$ 12.5 billion |
Value-based CAGR from 2024 to 2034 | 4.2% |
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The historic period pushed the market through 2023 at a CAGR of a mere 3%. It changed the market dynamics slightly by increasing the size from US$ 6.8 billion to US$ 7.9 billion from 2019 to 2023.
Stringent restriction on plastic use was the primary driving force for the market. There were strict regulations regarding plastic products, their thickness, and reusability. Consequently, an alternative was needed to be found. Therefore, it creates a demand for Plastic-free packs, driving the market.
Product innovations, like edible food containers, reusable cans, and multi-utility Plastic-free packs, drove the market during the forecasted period. Due to these advancements, the market's popularity grew, fueling its progress.
Historical CAGR from 2019 to 2023 | 3% |
---|---|
Forecast CAGR from 2024 to 2034 | 4.2% |
The forecasted period encompasses the importance of sustainability principles, which effectively drive the market. It will be the most effective market demand generator. Moreover, the rising emphasis on eco-friendly products will increase the popularity of Plastic-free packs. Hence, it generates significant demand, elevating the market growth compared to the historical period.
Many organizations are investing strategically in sustainable development. This will likely uplift the demand for Plastic-free packs in the next decade. Therefore, these are some demand generators for the subject market.
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Asia-Pacific region provides lucrative opportunities for the global plastic-free pack market due to the emergence of developing economies and markets. Due to the growing preference for sustainability products, plastic-free products are preferred more, surging the demand in these countries. Hence, it is the most prominent contributing market.
Europe provides decent growth chances to the subject market due to the rising inclination toward environment-friendly products. Also, government initiatives in the European countries encourage plastic-free products, fueling market growth. Lastly, North America is another contributing region, which raises the market size by elevating technological standards in countries.
Forecast CAGRs from 2024 to 2034
Countries | Forecasted CAGR |
---|---|
The United States of America | 2.7% |
Spain | 3.3% |
China | 5.6% |
Thailand | 5.7% |
India | 6.7% |
The United States of America is estimated to progress sluggishly at a 2.7% CAGR through 2034. The country’s corporate industry is committed to environmental safety and protection.
Various laws and agreements have been signed in the corporate sector, pledging to reduce the use of plastic containers. Hence, this induces the need for suitable alternatives, driving the market.
Legal provisions, like the Shores Act, help Spain preserve the coastal ecosystem to foster tourism. This includes the reduction in plastic containers and packaging for carrying goods.
Due to this, local companies offer biodegradable packaging solutions to tourists and the local population. This enhances the production demand for Plastic-free packs. Thus, the Spanish market will progress at a CAGR of 3.3%, registering the highest growth rate in Europe.
The plastic-fee pack market in China forecasts moderate advancement at a CAGR of 5.6%. Along with local state authorities, the National Development and Reform Commission and the State Post Bureau have pushed green packaging solutions by improving environmental safety in the next decade.
The rising e-commerce network is mandated to adopt these practices, supporting Plastic-free products. Consequently, the packaging industry in the country is subjected to restructuring. Hence, this will likely drive the subject market in China.
The plastic-free pack market in Thailand is estimated to progress at a CAGR of 5.7% through 2034. The Thai government has banned the single-use plastic bags in 2020, which creates a void.
This can be filled by introducing plastic-free products. To meet this demand, the government funds organizational development, a key driving force for the Thai industry.
The Indian market is anticipated to progress at the highest CAGR of 6.7%. The Indian government focuses on sustainable packaging solutions to neutralize environmental threats.
Local manufacturers are given subsidies and support to boost production for plastic-free products. Manufacturers receive adequate support through monetary investments, uplifting their production. Hence, this is the main market driver for the Indian market.
Category | Material - Paperboard |
---|---|
Market Share in 2024 | 54.3% |
Market Segment Drivers |
|
Category | Packaging Format - Boxes & Cartons |
---|---|
Market Share in 2024 | 36.2% |
Market Segment Drivers |
|
Key players occupy a decent market position through their versatile product and service portfolio. However, their presence has cluttered the market, intensifying the competition.
These organizations use different market expansion modes. It includes partnerships, mergers and acquisitions, product launches, upgrades, and other strategies.
New entrants find it difficult to create a strong presence under the shadowing effect of large-scale businesses. However, effective marketing and positioning of products will likely help them get a satisfactory market position. Also, the new entrants can partner with large-scale firms to neutralize the competitive force.
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | US$ 8.3 billion |
Projected Market Valuation in 2034 | US$ 12.5 billion |
Value-based CAGR 2024 to 2034 | 4.2% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in US$ billion |
Key Regions Covered |
|
Key Market Segments Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
The plastic-free pack market is projected to advance at a CAGR of 4.2% through 2034.
The Plastic-free pack market is expected to reach US$ 12.5 billion by 2034.
The plastic-free pack market will reach US$ 8.3 billion in 2024.
The plastic-free pack market's boxes & cartons segment will hold 36.2% of the market space in 2024.
The plastic-free pack market's paperboard segment will hold 54.3% of the market space 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
3.5.1.2. Mid-Level Participants (Traders)
3.5.1.3. Distributors
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
3.7.2. Distributors
3.7.3. Retailers
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 (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) 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 (Units) Analysis By Material, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material, 2024 to 2034
5.3.1. Paperboard
5.3.2. Metal
5.3.3. Glass
5.3.4. Fiber
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 Format
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Format, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Format, 2024 to 2034
6.3.1. Boxes & Cartons
6.3.2. Trays & Clamshell
6.3.3. Cans
6.3.4. Bottles & Jars
6.3.5. Drums
6.3.6. Other Packaging Format
6.4. Y-o-Y Growth Trend Analysis By Packaging Format, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Packaging Format, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034
7.3.1. Food & Beverages
7.3.2. Pharmaceutical
7.3.3. Personal Care & Cosmetics
7.3.4. Home Care
7.3.5. Chemicals
7.3.6. Others Industrial
7.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End Use, 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 (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) 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 (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) 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 Format
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material
9.3.3. By Packaging Format
9.3.4. By End Use
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 (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) 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 Format
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material
10.3.3. By Packaging Format
10.3.4. By End Use
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 (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) 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 Format
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material
11.3.3. By Packaging Format
11.3.4. By End Use
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 (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) 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 Format
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material
12.3.3. By Packaging Format
12.3.4. By End Use
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 (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) 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 Format
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material
13.3.3. By Packaging Format
13.3.4. By End Use
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 (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) 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 Format
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material
14.3.3. By Packaging Format
14.3.4. By End Use
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 (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) 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 Format
15.2.4. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Material
15.3.3. By Packaging Format
15.3.4. By End Use
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 Format
16.1.2.3. By End Use
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 Format
16.2.2.3. By End Use
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 Format
16.3.2.3. By End Use
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 Format
16.4.2.3. By End Use
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 Format
16.5.2.3. By End Use
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 Format
16.6.2.3. By End Use
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 Format
16.7.2.3. By End Use
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 Format
16.8.2.3. By End Use
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 Format
16.9.2.3. By End Use
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 Format
16.10.2.3. By End Use
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 Format
16.11.2.3. By End Use
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 Format
16.12.2.3. By End Use
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 Format
16.13.2.3. By End Use
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 Format
16.14.2.3. By End Use
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 Format
16.15.2.3. By End Use
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 Format
16.16.2.3. By End Use
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 Format
16.17.2.3. By End Use
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 Format
16.18.2.3. By End Use
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 Format
16.19.2.3. By End Use
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 Format
16.20.2.3. By End Use
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 Format
16.21.2.3. By End Use
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 Format
16.22.2.3. By End Use
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 Format
16.23.2.3. By End Use
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 Format
17.3.4. By End Use
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. WestRock Company
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. MW Creative Ltd.
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. Multiscience GmbH
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. Beatson Clark
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. Rawlings & Son (Bristol) Ltd.
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. Orora Packaging Australia Pty 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. Mill Rock Packaging
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. Zumbiel Packaging
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. Abox
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. Ardagh Group S.A.
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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