Sustainable Packaging Market Size, Share, Growth Analysis, By Material(Plastics, Paper & Paperboard, Glass and Metal, and Others), By Type(Rigid, and Flexible), By Packaging Format(Primary Packaging, Secondary Packaging, and Tertiary Packaging), By Process(Recyclable, Reusable and Biodegradable), By Application(Food & Beverages, Pharmaceutical & Healthcare, Personal Care & Cosmetics, and Others), By Region - Industry Forecast 2024-2031

Global Sustainable Packaging Market size was valued at around USD 269.90 billion in 2022 and is projected to grow from USD 290.95 billion in 2023 to USD 530.61 billion by 2031 at a CAGR of 7.8% over the forecast period (2024–2031). 

Sustainable packaging companies are focusing on experimenting with the use of new sustainable materials to comply with modern standards and satisfy the demand for sustainable packaging solutions. Providing custom and branded sustainable packaging solutions is also expected to create new opportunities for sustainable packaging companies. collaborations and partnerships will be essential and improving R&D capabilities of new as well as established companies in the future.  'Amcor (Australia)  ', 'Tetra Pak (Switzerland)  ', 'Sealed Air Corporation (United States)  ', 'Huhtamaki Oyj (Finland)  ', 'Mondi Group (Austria)  ', 'Smurfit Kappa Group (Ireland)  ', 'DS Smith Plc (United Kingdom)  ', 'WestRock Company (United States)  ', 'Ball Corporation (United States)  ', 'Stora Enso Oyj (Finland)  ', 'Ardagh Group (Ireland)  ', 'Sonoco Products Company (United States)  ', 'Reynolds Group Holdings Limited (New Zealand)  ', 'Graphic Packaging Holding Company (United States)  ', 'International Paper Company (United States)  ', 'Sidel (France)  ', 'Clondalkin Group (Netherlands)  ', 'Evergreen Packaging (United States)  ', 'Coveris Holdings S.A. (Luxembourg  ', 'Bemis Company, Inc. (US)  ', 'BASF SE (Germany)'

e-Commerce activity around the world has increased rapidly and this has led to high demand for packaging solutions. Imposition of strict mandates to conserve the environment and reduce waste has pushed the packaging industry to develop sustainable solutions thereby driving market growth.  

Novel Sustainable Packaging Materials: Sustainable packaging companies should focus on experimenting with new sustainable packaging materials to stand out from the competition and maximize their sales. Imposition of stringent mandates to regulate waste from packaging will bolster the demand for better sustainable and eco-friendly materials in the future. Plant-based, biodegradable, compostable, and recyclable materials will be in demand.  

Europe is the dominant regional market for sustainable packaging on a global level. High consumer demand for eco-friendly products and rising emphasis on sustainability helps the dominance of this region. Germany, France, and the Netherlands are some of the more noteworthy markets in this region owing to imposition of strict sustainability regulations and supportive policies for sustainable packaging companies. Growing recycling activity and the imposition of stringent waste management policies are also expected to create new opportunities for sustainable packaging companies in this region.