Sustainable Packaging Market Shows 6.70% CAGR, Outlook Till 2030

The global sustainable packaging market size was valued at USD 310.00 billion in 2022 and is projected to be worth USD 329.26 billion in 2023 and reach USD 518.33 billion by 2030, exhibiting a CAGR of 6.70% during the forecast period. The growing awareness regarding environmental issues among consumers, along with the rising need for such packaging solutions, led to the rapid adoption of sustainable packaging by businesses. 

Sustainable packaging refers to development and utilization of sustainable packaging materials to store, ship, wrap, or shelve products that results in enhanced sustainability. The increasing awareness related to environmental issues among consumers and the growing need for such packaging solutions to boost market growth.

Fortune Business Insights™ mentioned this in a report titled, “Sustainable Packaging Market, 2023-2030.”