NOIDA, India, Oct. 18, 2022 /PRNewswire/ -- According to a
new report published by UnivDatos Markets Insights, the
Eco-Friendly Food Packaging Market was valued
at more than USD 176 billion in 2020
and is expected to grow at a CAGR of around 7% from
2022-2028. The analysis has been segmented into Material
(Paper & Paperboard, Plastic, Metal, Glass); Application (Food
& Beverage, Bakery & Confectionery, Dairy Products,
Others); Type (Recycled Content Packaging, Degradable Packaging,
Reusable Packaging); Region/Country.
Click here to view the Report Description & TOC
https://univdatos.com/report/eco-friendly-food-packaging-market/
The Eco-Friendly Food Packaging market report has been
aggregated by collecting informative data on various dynamics such
as market drivers, restraints, and opportunities. This innovative
report makes use of several analyses to get a closer outlook on the
Eco-Friendly Food Packaging market. The Eco-Friendly Food Packaging
market report offers a detailed analysis of the latest industry
developments and trending factors in the market that are
influencing the market growth. Furthermore, this statistical market
research repository examines and estimates the Eco-Friendly Food
Packaging market at the global and regional levels.
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Market Overview
The demand for eco-friendly food packaging is uplifting on
account of the waste generated by the food packaging material.
For instance, in 2018, the packaging waste generated in the
EU was estimated at 174.1 kg per inhabitant varying from 67.8 kg
per inhabitant in Croatia and
227.5 kg per inhabitant in Germany. Also, in the EU, during 2008-2018,
paper and cardboard were the leading packaging waste material with
around 31.8 million tons in 2018. This material is followed by
plastic and glass generating 14.8 million tons & 14.5 million
tons of waste in 2018, respectively. Owing to the
increasing waste generation coupled with lowered recycling rate is
hurting the earth's environment which in turn is driving the growth
of the eco-friendly food packaging market.
Moreover, the stringent new policies and regulations implemented
and adopted by the government would influence the demand for
eco-friendly packaging. The government across several
countries banned or implemented additional charges on the use of
conventional shopping bags, packaging materials, and disposables.
Thus, the global market for bioplastics, particularly biodegradable
or eco-friendly food packaging plastics is on rising. Plastic bags
take 10 to 20 years to decompose completely which is a threat to
the ecosystem. Further, the growing need to reduce the dependency
on conventional fuels coupled with rising consumer awareness to
adopt sustainable biodegradable plastics is escalating the demand
for eco-friendly food packaging. Although, the high manufacturing
cost of biodegradable plastics than conventional plastics would
hamper the market growth.
COVID-19 Impact
The COVID-19 pandemic halted the manufacturing and supply chain
operations related to food and beverages. Moreover, several food
service outlets, restaurants, supermarkets, and hypermarkets were
non-functional, which adversely impacted the food packaging market,
therefore, the demand for eco-friendly packaging witnessed a
downfall. Also, there were changes in consumer behavior and demand
during the pandemic largely impacted the supply and value chain in
the food and beverage industry. Therefore, reduced demand for
reusable, recyclable, and degradable materials was observed in the
industry for a limited period. However, the market for active
packaging is experiencing positive growth due to its antioxidant
and antimicrobial properties. This may help in preventing the
contamination of food & beverage products from bacteria and
viruses.
Click here to view the Report Description & TOC
https://univdatos.com/report/eco-friendly-food-packaging-market/
The global Eco-Friendly Food Packaging market report is studied
thoroughly with several aspects that would help stakeholders in
making their decisions more curated.
- Based on material, the market is classified into paper &
paperboard, plastic, metal, and glass. Amongst these, the plastic
segment accounted for a significant share of the market.
Manufacturers are keen on the production of eco-friendly and
biodegradable food packaging materials from biodegradable waste.
Residual by-products of sugarcane extraction, rice bran, wheat, and
maize are several of the raw materials leveraged to manufacture
eco-friendly packaging material.
- Based on type, the market is categorized into recycled content
packaging, degradable packaging, and reusable packaging. Among
these Recycled materials grabbed a significant market share as
recycled materials are one of the top options for sustainable brand
packaging. These can include recycled paper, plastic, and even
fabrics. These materials are reused as raw materials by
manufacturers to produce new packaging goods, reducing pollution
produced by packaging trash.
Have a Look at the Chapters -
https://univdatos.com/report/eco-friendly-food-packaging-market/
Eco-Friendly Food Packaging Market Geographical Segmentation
Includes:
- · North America (United States, Canada, and Rest of North America)
- · Europe (Germany, United
Kingdom, Spain,
Italy, France, and the Rest of Europe)
- · Asia-Pacific (China, Japan,
India, Australia, and the Rest of Asia-Pacific)
- · Rest of the World
For a better understanding of the market adoption of the
Eco-friendly food packaging industry, the market is analyzed based
on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, Italy, Spain,
United Kingdom, and Rest of
Europe); Asia-Pacific (China, Japan,
India, Australia, Rest of Asia-Pacific), and Rest of World. Asia Pacific is expected to witness the
highest CAGR during the forecast period. A rise in the café,
hotels, and restaurants across in Asia pacific region coupled with the
availability of healthy food as per consumer demand is leading to
the growing demand for the eco-friendly food packing market.
The major players targeting the market include
- BASF
- Ball Corporation
- Sonoco Company
- Tetra Pak
- Amcor
- Westrock Company
- Mondi Group
- Crown Holdings Inc.
- Sealed Air Corporation
- Sustainable Packaging Industries
Competitive Landscape
The degree of competition among prominent global companies has
been elaborated by analyzing several leading key players operating
worldwide. The specialist team of research analysts sheds light on
various traits such as global market competition, market share,
most recent industry advancements, innovative product launches,
partnerships, mergers, or acquisitions by leading companies in the
Eco-Friendly Food Packaging market. The major players have been
analyzed by using research methodologies for getting insight views
on global competition.
Key questions resolved through this analytical market
research report include:
- What are the latest trends, new patterns, and technological
advancements in the Eco-Friendly Food Packaging market?
- Which factors are influencing the Eco-Friendly Food Packaging
market over the forecast period?
- What are the global challenges, threats, and risks in the
Eco-Friendly Food Packaging market?
- Which factors are propelling and restraining the Eco-Friendly
Food Packaging market?
- What are the demanding global regions of the Eco-Friendly Food
Packaging market?
- What will be the global market size in the upcoming years?
- What are the crucial market acquisition strategies and policies
applied by global companies?
We understand the requirement of different businesses, regions,
and countries, we offer customized reports as per your requirements
of business nature and geography. Please let us know If you have
any custom needs.
Browse Other Related Research Reports from UnivDatos Market
Insights
- Biodegradable Films Market
- Sustainable Packaging Material Market
- Polylactic Acid Market
- Aluminum Foil Packaging Market
- Retail E-Commerce Packaging Market
Eco-Friendly Food Packaging Market Report
Coverage
Report
Attribute
|
Details
|
Base
year
|
2020
|
Forecast
period
|
2021-2027
|
Growth
momentum
|
Accelerate at a CAGR of
over 7%
|
Market size
2020
|
USD 176
billion
|
Regional
analysis
|
North America, Europe,
APAC, Rest of World
|
Major contributing
region
|
North America to
Dominate the Global Eco-Friendly
Food Packaging Market
|
Key countries
covered
|
United States, Canada,
Germany, United Kingdom, Spain, Italy, France, China, Japan, India,
and Australia
|
Companies
profiled
|
BASF, Ball Corporation,
Sonoco Company, Tetra Pak, Amcor, Westrock Company, Mondi Group,
Crown Holdings Inc., Sealed Air Corporation, Sustainable Packaging
Industries.
|
Report
Scope
|
Market Trends, Drivers,
and Restraints; Revenue Estimation and Forecast; Segmentation
Analysis; Impact of COVID-19; Demand and Supply Side Analysis;
Competitive
Landscape; Company
Profiling
|
Segments
Covered
|
By Material;
By Application; By Type; By Region/Country
|
About UnivDatos Market Insights (UMI)
UnivDatos Market Insights (UMI) is a passionate market research
firm and a subsidiary of Universal Data Solutions. We believe in
delivering insights through Market Intelligence Reports, Customized
Business Research, and Primary Research. Our research studies are
spread across topics across the world, we cover markets in over 100
countries using smart research techniques and agile methodologies.
We offer in-depth studies, detailed analysis, and customized
reports that help shape winning business strategies for our
clients.
Contact
UnivDatos Market Insights
Ankita Gupta
Director Operations
Ph: +91-7838604911
Email: Ankita.gupta@univdatos.com
Website: https://univdatos.com/
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