Zero-waste Packaging Market

Zero-waste Packaging Market Outlook (2023 to 2033)

The global zero-waste packaging market size is set to reach a valuation of USD 1,071.6 million in 2023 and expand at a CAGR of 8.8% in the forecast period from 2023 to 2033. The market is likely to reach USD 2,490.6 million by the end of 2033. Zero-waste packaging sales are anticipated to boost, with the top 5 companies projected to hold around 20 to 25% of the global market by the end of 2023.

According to FMI, the global market value reached USD 984.9 million in the base year (2022). The top 3 countries are expected to hold around 35 to 40% of the global zero-waste packaging market share in 2023.

Increasing environmental awareness, government initiatives, and surging consumer preference for eco-friendly and reusable packaging are estimated to augment sales in the market. The global market is projected to grow by 2.3x from 2022 to 2032.

Key companies are focusing on attracting the millennial demographic, who are more likely to create awareness among their peers regarding their zero-waste efforts. Key companies are thus building loyalty among eco-conscious consumers, lowering costs, and accomplishing sustainable packaging.

Investors are also trying numerous things to achieve zero waste, including designing edible containers, developing plantable packaging, and creating non-toxic films that protect products without excess material. The rise in landfills across the globe and surging environmental pollution are likely to spur growth.

Report Attributes or Data Points	Details
Global Zero-waste Packaging Market Valuation in 2022	USD 984.9 million
Estimated Global Market Share in 2023	USD 1,071.6 million
Forecasted Global Market Size by 2033	USD 2,490.6 million
Projected Global Market Growth Rate from 2023 to 2033	8.8% CAGR
Historical Market Growth Rate from 2018 to 2022	5.8% CAGR
Collective Value Share of 3 Top Performing Countries in 2022	35% to 40%

2018 to 2022 Zero-waste Packaging Demand Outlook Compared to 2023 to 2033 Forecast

The zero-waste packaging market witnessed growth at a CAGR of 5.8% during the historical period (2018 to 2022). It reached a valuation of around USD 984.9 million by the end of 2022.

With rising environmental concerns due to plastics, companies are rapidly shifting from plastic packaging to eco-friendly and zero-waste packaging products.

The growing popularity and usage of paper for making eco-friendly and sustainable packaging and the development of innovative materials by packaging manufacturers may bolster sales in the next few years.

Consumers and manufacturers can reuse packaging after removing plastic, generating zero waste. Recyclable packaging can prevent environmental pollution across the globe.

Top 2 Trends Propelling Sales of Zero Packaging Products

High Demand for Reusable Packaging Worldwide

Reusable packaging has been emerging as a key trend in recent years among consumers and manufacturers, as it has the potential to provide zero waste. Reusable packaging is cost-efficient and environmentally friendly.

Companies can save money on the cost of raw materials, energy, and labor by decreasing the need to manufacture single-use packaging with the help of reusable materials. This type of packaging is more robust and long-lasting than single-use packaging since it is made for repeated usage.

Reusable alternatives are being used to counteract the surging use of single-use packaging by shifting toward a multi-use resource. This type of packaging is recycled and recirculated across several industries rather than being thrown away once it has reached the consumer.

Reusable packaging has a significantly smaller environmental impact than conventional packaging. It reduces trash by 95%, eutrophication by 60%, and global warming potential (GWP) by 75%.

Compared to one-way bottles, refillable bottles produce fewer greenhouse gas emissions. Thus, reusable packaging significantly impact the demand for zero-waste packaging in the next decade.

Use of Organic Resources like Mushrooms and Corn

The ultimate goal of sustainable packaging is zero waste. Ellen MacArthur Foundation discovered that only 14% of the plastic packaging used is recycled, with the remaining 40% ending up in landfills and the remaining 32% in ecosystems (the remaining 14% is used for energy recovery or incineration).

The market is witnessing constant developments and advancements in designs and materials that can minimize the potential threat of abolishing secondary packaging. Several manufacturers are moving toward minimal packaging and replacing plastic packaging with paper, glass, wood, and other recyclable and sustainable materials. Additionally, they have shifted to kraft paper tape from plastic tape.

Other compostable packaging materials are also great alternatives to paper-based packaging materials. Also, manufacturers are looking for packaging made from organic resources like mushrooms, corn, and starch.

For instance, IKEA started using mushroom packaging to eliminate styrofoam, which is used to create high packaging waste. This factor nay further limit the use of plastics and boost growth in the zero-waste packaging market.

Country-wise Insights

Which is the Highly Preferred Product Type?

Compostable Zero Waste Packaging Materials to Gain Traction Worldwide

By product type, the compostable packaging segment is projected to lead the global market and is estimated to record a CAGR of 7.6% over the next decade. It is anticipated to capture more than half of the global market share due to its high-quality production process. Compostable packaging is made of high-quality material, as compared to recycled material or goods. It can also reduce landfill waste.

Which End Use Segment is Projected to Dominate the Global Market?

Companies to Look for High-quality Zero-waste Food Packaging

By end use, the food and beverages segment is estimated to capture the majority of the zero-waste packaging market share. It is likely to create an incremental opportunity of USD 559.0 million from 2023 to 2033. The rising adoption of reusable packaging for various foods and beverages is estimated to augment growth.

Competitive Landscape

The market for zero-waste packaging is competitive, with several regional and local players. Top manufacturers in the packaging sector are implementing numerous tactics like partnerships, mergers, and acquisitions. To boost their visibility among customers, leading market players are concentrating on product advancements and the development of new materials.

Some Recent Industry Developments Include:

• In May 2022, G. Mondini trialed TIPA's biodegradable films as liners for its paper-based packaging options for chilled, wet, fresh food, and frozen products. The organization claimed that the partnership might enable G. Mondini to offer Paperseal packaging solutions made of paper designed for use in food applications and compostable items.
• In October 2021, Tetra Pak announced its strategic partnership with Poka, which reflects its commitment to zero waste. The partnership may empower food production workers with technology, equipment, and training that can expedite zero-waste procedures.
• Tetra Pak, World Centric, and Loop Industries, Inc. Adopt a Sustainable Stance to Help Customers Cut Back on Plastics
• Tetra Pak, World Centric, and Loop Industries, Inc. are three pioneers in zero-waste packaging. Tetra Pak was founded in 1952 by Dr. Ruben Rausing after he developed a substitute for cumbersome glass bottles previously used for packaging and distributing milk.
• Tetra Pak is dedicated to actively collaborating with clients, partners, governments, and non-profit organizations. The company sold more than 192 billion packages in 2021, and its net sales surpassed €11.145 billion in the same year. It has operations across 162 countries and sold more than 78 billion liters of food and beverages in its packaging in 2021.
• Tetra Pak's brand promise shapes its approach to sustainability- it protects what is good. It aims to develop a more sustainable future by focusing on the interconnected nature of the world's economic, social, and environmental challenges.
• On the other hand, World Centric was founded as a non-profit organization in 2004 to raise public awareness about global sustainability challenges. Today, it upholds the same mission and principles: to serve people and the environment in everything they do. The firm incorporates this into its operations to address sustainability in its practices, charity, and products.
• The company manufactures compostable food service and packaging products and aims to provide 25% of its profits to environmental and social organizations to accelerate their work in developing a better world. Nearly 100% of its products are compostable in commercial composting facilities, and the company received the Real Leaders Eco-Innovation Award in January 2022.
• Loop Industries, Inc. has created a patented technology that closes the loop on plastic waste to steer the globe toward a healthier and more sustainable future. The technology, to put it simply, significantly lessens the environmental damage that PET and polyester fiber wastes often create.

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	USD 1,071.6 million
Projected Market Valuation (2033)	USD 2,490.6 million
Value-based CAGR (2023 to 2033)	8.8%
Forecast Period	2023 to 2033
Market Analysis	Value (USD million)
Key Segment Covered	Product Type, Distribution Channel, End Use, and Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa (MEA)
Key Countries Profiled	United States of America, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia
Key Companies Profiled	Tetra Pak; World Centric; Loop Industries Inc.; PulpWorks Inc.; TIPA Corp; Avani Eco; Bizongo; Hero Packaging; Ecovative LLC; Amatech Inc.; Berry Global Group; UFP Technologies Inc.; Amcor plc; DS Smith plc
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Zero-waste Packaging Market Outlook by Category

By Product Type:

• Reusable Packaging
• Compostable Packaging
• Edible Packaging

By Distribution Channel:

• Online
• Offline

By End Use:

• Food & Beverages
• Healthcare
• Cosmetics & Personal Care
• Electrical & Electronics
• Others (Automotive, Consumer Durable, etc.)

By Region:

• North America
• Latin America
• Europe
• The Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

Frequently Asked Questions

What is the Current Zero-waste Packaging Market Valuation?

The market is estimated to secure a valuation of USD 1,071.6 million in 2023.

What is the Projected Size of the Market by 2033?

The global market size is expected to reach USD 2,490.6 million by 2033.

What is the Growth Potential of the Zero-waste Packaging Market?

The growth potential of the zero-waste packaging market is 8.8% through 2033.

Which Key Trend is Influencing the Zero-waste Packaging Market?

Surging demand for reusable packaging is propelling sales of zero-waste packaging solutions.

Which End Use Segment Holds Lucrative Opportunities?

Food and beverages segment holds high revenue potential.