The sustainable plastic packaging market is evaluated to be valued at US$ 106.4 billion in 2024. During the period from 2024 to 2034, the market is expected to progress at a moderate pace, registering a CAGR of 5.9%. By 2034, the sustainable plastic packaging industry is forecasted to surpass a valuation of US$ 189.0 billion.
Sustainable Plastic Packaging Market Overview
Attributes | Details |
---|---|
Estimated Sustainable Plastic Packaging Market Value in 2024 | US$ 106.4 billion |
Forecasted Market Value by 2034 | US$ 189.0 billion |
Projected Value-based CAGR of the Market from 2024 to 2034 | 5.9% |
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There is still a lack of awareness about the use of eco-friendly plastic. End-users struggle to find the right sources for obtaining the material, and doubts have been raised about the true sustainability of green plastic.
Additionally, a significant number of consumers are unaware of how to recycle recyclable plastic, which is hindering the growth of the market. Furthermore, amid doubts about the effectiveness of green plastic, a considerable number of vendors are abandoning plastic altogether in favor of other sustainable options such as paper and metal.
Rigid packaging is the preferred choice of industrialists for traditional plastic packaging, and sustainable plastic packaging is following suit. Consumer awareness about sustainability is positioning sustainable plastic as the primary packaging material for products.
Attributes | Details |
---|---|
Top Type | Rigid |
Forecasted CAGR (2024 to 2034) | 5.6% |
Rigid sustainable plastic packaging is expected to advance at a CAGR of 5.6% over the forecast period. Some of the factors influencing the progress of rigid sustainable packaging are:
Attributes | Details |
---|---|
Top Packaging | Primary Packaging |
Forecasted CAGR (2024 to 2034) | 5.5% |
Primary packaging is expected to progress at a CAGR of 5.5% through the forecast period. Some of the reasons for the advancement of primary sustainable plastic packaging are:
The booming industrial sector in the Asia Pacific is helping sustainable plastic packaging make its mark in the region. Increased government measures regarding environmental harm are also supporting the product's cause in the region.
Increased consumer awareness is leading to the market's expansion in North America and Europe. Investment in research for developing and implementing sustainable plastic in packaging further is also benefiting the market's cause in these regions.
Countries | Forecasted CAGR (2024 to 2034) |
---|---|
United States | 6.1% |
United Kingdom | 6.2% |
China | 6.6% |
Japan | 6.9% |
South Korea | 7.4% |
The CAGR of the sustainable plastic packaging market in South Korea for the forecast period is anticipated to be 7.4%. Some of the factors influencing the healthy growth are:
The sustainable plastic packaging market is expected to register a CAGR of 6.9% in Japan over the forecast period. Some of the factors leading to the growth of the market in Japan are:
The sustainable plastic packaging market is expected to record a CAGR of 6.6% in China. Some of the factors responsible for the growth of the market are:
The sustainable plastic packaging market is expected to progress at a CAGR of 6.2% in the United Kingdom. Some factors influencing this progress are:
The sustainable plastic packaging market is expected to register a CAGR of 6.1% in the United States. Some factors influencing the growth of the market in the country are:
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The market is highly fragmented, with opportunities available for all sorts of competitors. Startups and small-scale players are utilizing differentiation strategies to stand out from the competition.
Innovation is a prime area of focus for industry players. To accelerate the research and production of new types of sustainable plastic, investment is being sought from companies adjacent to the packaging industry, such as food & beverage and consumer products.
Recent Developments in the Sustainable Plastic Packaging Market
The size of the sustainable plastic packaging market is estimated to be US$ 106.4 billion in 2024.
The market is expected to increase at a CAGR of 5.9% over the forecast period.
The market is expected to register a CAGR of 6.1% in the United States from 2024 to 2034.
The sustainable plastic packaging market is forecasted to surpass US$ 189.0 billion by 2034.
Increased use of plant-based plastic and preference for biodegradable plastic are some of the key trends in the sustainable plastic packaging industry.
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. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and 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. Wholesalers and 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 Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Rigid
5.3.2. Flexible
5.3.3. Industrial
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging, 2024 to 2034
6.3.1. Primary packaging
6.3.2. Secondary packaging
6.3.3. Tertiary Packaging
6.4. Y-o-Y Growth Trend Analysis By Packaging, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Packaging, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Process
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Process, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Process, 2024 to 2034
7.3.1. Recyclable
7.3.2. Reusable
7.3.3. Biodegradable
7.4. Y-o-Y Growth Trend Analysis By Process, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Process, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-Use, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-Use, 2024 to 2034
8.3.1. Food & beverage
8.3.2. Personal care
8.3.3. Healthcare
8.3.4. Others
8.4. Y-o-Y Growth Trend Analysis By End-Use, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By End-Use, 2024 to 2034
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. South Asia and Pacific
9.3.6. East Asia
9.3.7. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North 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. USA
10.2.1.2. Canada
10.2.2. By Type
10.2.3. By Packaging
10.2.4. By Process
10.2.5. By End-Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Packaging
10.3.4. By Process
10.3.5. By End-Use
10.4. Key Takeaways
11. Latin America 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. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Type
11.2.3. By Packaging
11.2.4. By Process
11.2.5. By End-Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Packaging
11.3.4. By Process
11.3.5. By End-Use
11.4. Key Takeaways
12. Western 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. Germany
12.2.1.2. UK
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Western Europe
12.2.2. By Type
12.2.3. By Packaging
12.2.4. By Process
12.2.5. By End-Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Packaging
12.3.4. By Process
12.3.5. By End-Use
12.4. Key Takeaways
13. Eastern Europe 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. Poland
13.2.1.2. Russia
13.2.1.3. Czech Republic
13.2.1.4. Romania
13.2.1.5. Rest of Eastern Europe
13.2.2. By Type
13.2.3. By Packaging
13.2.4. By Process
13.2.5. By End-Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Packaging
13.3.4. By Process
13.3.5. By End-Use
13.4. Key Takeaways
14. South Asia and Pacific 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. India
14.2.1.2. Bangladesh
14.2.1.3. Australia
14.2.1.4. New Zealand
14.2.1.5. Rest of South Asia and Pacific
14.2.2. By Type
14.2.3. By Packaging
14.2.4. By Process
14.2.5. By End-Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Packaging
14.3.4. By Process
14.3.5. By End-Use
14.4. Key Takeaways
15. East Asia 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. China
15.2.1.2. Japan
15.2.1.3. South Korea
15.2.2. By Type
15.2.3. By Packaging
15.2.4. By Process
15.2.5. By End-Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Type
15.3.3. By Packaging
15.3.4. By Process
15.3.5. By End-Use
15.4. Key Takeaways
16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Type
16.2.3. By Packaging
16.2.4. By Process
16.2.5. By End-Use
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Type
16.3.3. By Packaging
16.3.4. By Process
16.3.5. By End-Use
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2023
17.1.2.1. By Type
17.1.2.2. By Packaging
17.1.2.3. By Process
17.1.2.4. By End-Use
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2023
17.2.2.1. By Type
17.2.2.2. By Packaging
17.2.2.3. By Process
17.2.2.4. By End-Use
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2023
17.3.2.1. By Type
17.3.2.2. By Packaging
17.3.2.3. By Process
17.3.2.4. By End-Use
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2023
17.4.2.1. By Type
17.4.2.2. By Packaging
17.4.2.3. By Process
17.4.2.4. By End-Use
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2023
17.5.2.1. By Type
17.5.2.2. By Packaging
17.5.2.3. By Process
17.5.2.4. By End-Use
17.6. UK
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2023
17.6.2.1. By Type
17.6.2.2. By Packaging
17.6.2.3. By Process
17.6.2.4. By End-Use
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2023
17.7.2.1. By Type
17.7.2.2. By Packaging
17.7.2.3. By Process
17.7.2.4. By End-Use
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2023
17.8.2.1. By Type
17.8.2.2. By Packaging
17.8.2.3. By Process
17.8.2.4. By End-Use
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2023
17.9.2.1. By Type
17.9.2.2. By Packaging
17.9.2.3. By Process
17.9.2.4. By End-Use
17.10. Poland
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2023
17.10.2.1. By Type
17.10.2.2. By Packaging
17.10.2.3. By Process
17.10.2.4. By End-Use
17.11. Russia
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2023
17.11.2.1. By Type
17.11.2.2. By Packaging
17.11.2.3. By Process
17.11.2.4. By End-Use
17.12. Czech Republic
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2023
17.12.2.1. By Type
17.12.2.2. By Packaging
17.12.2.3. By Process
17.12.2.4. By End-Use
17.13. Romania
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2023
17.13.2.1. By Type
17.13.2.2. By Packaging
17.13.2.3. By Process
17.13.2.4. By End-Use
17.14. India
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2023
17.14.2.1. By Type
17.14.2.2. By Packaging
17.14.2.3. By Process
17.14.2.4. By End-Use
17.15. Bangladesh
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2023
17.15.2.1. By Type
17.15.2.2. By Packaging
17.15.2.3. By Process
17.15.2.4. By End-Use
17.16. Australia
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2023
17.16.2.1. By Type
17.16.2.2. By Packaging
17.16.2.3. By Process
17.16.2.4. By End-Use
17.17. New Zealand
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2023
17.17.2.1. By Type
17.17.2.2. By Packaging
17.17.2.3. By Process
17.17.2.4. By End-Use
17.18. China
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2023
17.18.2.1. By Type
17.18.2.2. By Packaging
17.18.2.3. By Process
17.18.2.4. By End-Use
17.19. Japan
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2023
17.19.2.1. By Type
17.19.2.2. By Packaging
17.19.2.3. By Process
17.19.2.4. By End-Use
17.20. South Korea
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2023
17.20.2.1. By Type
17.20.2.2. By Packaging
17.20.2.3. By Process
17.20.2.4. By End-Use
17.21. GCC Countries
17.21.1. Pricing Analysis
17.21.2. Market Share Analysis, 2023
17.21.2.1. By Type
17.21.2.2. By Packaging
17.21.2.3. By Process
17.21.2.4. By End-Use
17.22. South Africa
17.22.1. Pricing Analysis
17.22.2. Market Share Analysis, 2023
17.22.2.1. By Type
17.22.2.2. By Packaging
17.22.2.3. By Process
17.22.2.4. By End-Use
17.23. Israel
17.23.1. Pricing Analysis
17.23.2. Market Share Analysis, 2023
17.23.2.1. By Type
17.23.2.2. By Packaging
17.23.2.3. By Process
17.23.2.4. By End-Use
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Type
18.3.3. By Packaging
18.3.4. By Process
18.3.5. By End-Use
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. Bemis Company Inc
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.1.5.2. Product Strategy
19.1.1.5.3. Channel Strategy
19.1.2. Amcor Limited
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.2.5.2. Product Strategy
19.1.2.5.3. Channel Strategy
19.1.3. Mondi
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.3.5.2. Product Strategy
19.1.3.5.3. Channel Strategy
19.1.4. WestRock Company
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.4.5.2. Product Strategy
19.1.4.5.3. Channel Strategy
19.1.5. Tetra Laval International SA.
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.5.5.2. Product Strategy
19.1.5.5.3. Channel Strategy
19.1.6. Sonoco Products Company
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.6.5.2. Product Strategy
19.1.6.5.3. Channel Strategy
19.1.7. BASF SE
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.7.5.2. Product Strategy
19.1.7.5.3. Channel Strategy
19.1.8. Sealed Air
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.8.5.2. Product Strategy
19.1.8.5.3. Channel Strategy
19.1.9. Smurfit Kappa
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.9.5.2. Product Strategy
19.1.9.5.3. Channel Strategy
19.1.10. Gerresheimer AG
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
19.1.10.5.2. Product Strategy
19.1.10.5.3. Channel Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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