Eco-friendly Food Packaging Market

Eco-friendly Food Packaging Market worth $249.5 billion by 2025

The report "Eco-friendly Food Packaging Market by Material (Paper & Paperboard, Plastic, Metal, Glass), Application (Food, Beverages), Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging), Technique, and Region - Global Forecast to 2025" size is estimated to be valued at USD 174.7 billion in 2020. It is projected to reach USD 249.5 billion by 2025, recording a CAGR of 7.4%, in terms of value. The development of material science and packaging engineering across all regions is expected to drive the growth of eco-friendly food packaging market.

Browse 133 market data Tables and 46 Figures spread through 243 Pages and in-depth TOC on "Eco-friendly Food Packaging Market by Material (Paper & Paperboard, Plastic, Metal, Glass), Application (Food, Beverages), Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging), Technique, and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/eco-friendly-food-packaging-market-249469969.html

By type, the recycled content packaging segment is projected to account for the largest market share in the eco-friendly food packaging market during the forecast period

Recycled content packaging is a highly effective method to minimize the waste generated from packaging products. Paper & paperboard, metal, plastic, and glass are all considered recycled materials. In recycled content packaging, only the polymer of the waste stream can be considered valuable. In 2020, Europe dominated the market for recycled content packaging due to higher usage of packaging products such as rigid paper & plastics, metal cans, and glass. in addition, the increasing trend of canned food and frozen foods is fueling the market for recycled content packaging in the European region. With rising awareness of health hazards and environmental impact caused due to single-use plastic packaging in the food & beverage industry the market for recycled content packaging in the Asia Pacific region. This trend is also amplified with the new stringent regulations around the usage of single-use plastic in many countries of this region.

By material, paper & paperboard is expected to experience the highest growth rate and largest market share during the forecast period

Paper and paperboard packaging or compressed layers of papers/paper pulp are used for primary, secondary, and tertiary packaging of food & beverage products. Raw materials used for manufacturing paper & paperboard is the same. However, the packaging differs for the type of foods and beverages served. Paper & paperboards are the most preferred packaging in the food & beverage industry due to its degradable nature and recyclable property.

Europe is projected to dominate the market for paper & paperboard packaging based on material. A majority of the European countries have banned the use of single-use plastic products for food & beverage products. Furthermore, the government has introduced stringent regulations on packaging materials to be used in this region. Since, July 3, 2021, European Union (EU) has restricted the use of single-use plastic plates, cutlery, straws, balloon sticks and cotton buds among all its member nations. These factors are projected to drive the growth of the eco-friendly food packaging market in the European region. With the increasing consumer awareness, government initiative, and the expansion of key players in the market, Asia Pacific is estimated to grow at the highest growth rate during the forecast period.

By application, food is expected to experience the largest market share during the forecast period

Food accounted for the largest share in 2021, in comparison to beverages. Technological improvements in the packaging industry introducing packaging such as edible packaging and water-soluble packaging, this is estimated to fuel the market for eco-friendly food packaging market globally.

By technique, Active packaging is expected to experience the largest market share during the forecast period

The active packaging segment is projected to dominate the market, in terms of value, and record a high growth rate as this technique of packaging includes active substances, such as antimicrobials and antioxidants that reduce the risk of contamination in food & beverage products, keeping it safe from bacteria and germs. This technique also helps in reducing ripening and senescence, thereby enhancing the quality and prolonging shelf‐life.

Asia Pacific market is expected to register the highest growth rate during the forecast period

The Asia Pacific market for eco-friendly food packaging was significantly unaffected by the economic slowdown, as compared to developed regions. The packaging industry in this region has seen a steady growth in terms of both value and volume.

Asia Pacific is contributing the most to the paper & paperboard packaging market. The growth in the retail industry is contributing to the paper packaging market. Paper packaging helps the retailers to package food and maintain its nutritional levels.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Amcor (Australia), Ball Corporation (US), Tetra Pak (Sweden), Sustainable Packaging Industries (US), Swedbrand (Hong Kong), Mondi Group (Austria), and Westrock (US).

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Report Code
FB 7595
PR Published ON
4/13/2020
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