Renewable Plastic Packaging Market was valued at USD 24.5 Billion in 2022 and is projected to reach USD 41.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The renewable plastic packaging market has witnessed a significant transformation between 2018 and 2022, driven by heightened consumer awareness and increasing demand for sustainable solutions. The global push toward reducing plastic waste, coupled with regulations and policies aimed at sustainability, has reshaped how packaging industries approach material usage. During this period, there was a marked rise in the adoption of renewable plastics, as companies sought alternatives to traditional petroleum-based plastics, which are associated with environmental harm. These developments were fueled by technological advancements and innovations in bioplastics, biodegradable materials, and recycling processes.
As we look ahead from 2023 to 2033, the demand for renewable plastic packaging is expected to accelerate significantly. The growing need for sustainable practices across industries, particularly food and beverage, personal care, and consumer electronics, is expected to be a key driver. Furthermore, stricter regulations regarding plastic usage and waste management in key markets like the European Union and North America are likely to fuel the growth of renewable plastic solutions. Additionally, the increasing focus on circular economies and recycling technologies will contribute to the expansion of renewable plastic packaging options.
The market is projected to witness a compound annual growth rate (CAGR) of approximately 8-10% from 2023 to 2033, reflecting the rising emphasis on sustainability and environmental impact mitigation. Companies are expected to invest heavily in research and development (R&D) to introduce new renewable plastic materials that can offer superior performance without compromising the environment. Innovations such as plant-based PET (Polyethylene Terephthalate), which can be used in food packaging and beverage bottles, will gain momentum. Along with the development of compostable films and coatings, these innovations will allow businesses to cater to consumer preferences for eco-friendly packaging.
Moreover, the growing consumer awareness about plastic pollution is likely to translate into stronger demand for renewable plastic packaging across all sectors. Companies embracing sustainable packaging solutions not only gain a competitive edge but also align themselves with evolving consumer expectations. This shift toward renewable plastic materials is not only an industry trend but a crucial step toward achieving environmental sustainability and reducing dependence on fossil fuel-based plastics.
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Amcor
Berry Global
Cosmo Films
Dunmore Corporation
Gerresheimer
Huhtamaki Oyj
Mitsubishi Chemical Corporation
Mondi
Sealed Air
Sonoco
Polyplex
Uflex Ltd
Royal DSM
Plastic Suppliers
Smurfit Kappa Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Renewable Plastic Packaging Market
Consumer Goods
Textiles
Agriculture & Horticulture
Automotive & Transport
Others
Based on Types the Market is categorized into Below types that held the largest Renewable Plastic Packaging market share In 2023.
Flexible Plastic Packaging
Rigid Plastic Packaging
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Renewable Plastic Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Renewable Plastic Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Renewable Plastic Packaging Market, By Type
6. Global Renewable Plastic Packaging Market, By Application
7. Global Renewable Plastic Packaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Renewable Plastic Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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