According to Fortune Business Insights 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. In 2022, North America held the largest regional share, with about 32.5% of the global market. Asia-Pacific is among the fastest growing regions due to rising consumption, growing e‑commerce, and regulatory/consumer push for sustainability. Europe shows strong adoption due to stringent regulations on plastics, high environmental awareness, and strong recycling infrastructure. Emerging economies in Asia represent high-growth potential, especially as packaged goods, e‑commerce, and regulatory pressure for sustainability increase.
Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sustainable-packaging-market-108946
The sustainable packaging market is segmented by material, product type, process, and end-use.
By Material: Paper and paperboard lead the market due to their biodegradability and recyclability. Plastics made from recycled or bio-based sources are growing rapidly as alternatives to virgin plastics. Other materials include metal and glass, which are primarily used in premium or specialty packaging segments.
By Product / Packaging Type: Common product formats include boxes and cartons, bags and pouches, bottles and cans, films and wraps, trays, and mailers. Boxes and cartons remain widely used in food, e‑commerce, and retail packaging. Flexible formats like pouches and films are gaining share because of their lightweight nature, minimal material usage, and recyclability.
By Process / Approach: Recyclable packaging dominates due to mature recycling infrastructure. However, degradable, compostable, and biodegradable packaging solutions are among the fastest-growing segments. Reusable and circular packaging solutions are also emerging as key trends, particularly in regions focused on circular economy initiatives.
Environmental Awareness & Regulatory Pressure: Rising concerns about plastic waste, pollution, and climate impact are increasing demand for sustainable packaging solutions.
E‑commerce & FMCG Growth: Increasing online retail activity and packaged goods consumption are driving demand for lightweight, protective, and recyclable packaging.
Technological Innovation: Advances in bio-based plastics, compostable materials, reusable packaging, and circular-economy solutions are making sustainable packaging more cost-effective and scalable.
Corporate Sustainability Initiatives: Companies are adopting ESG policies and sustainability goals, increasing adoption of eco-friendly packaging to reduce carbon footprints and waste.
Amcor Plc (Switzerland)
Ardagh Group S.A. (Luxembourg)
Ball Corporation (U.S.)
Crown Holdings Inc. (U.S.)
DS Smith (U.K.)
Sealed Air Corporation (U.S.)
Mondi Group (U.K.)
Sonoco Products Company (U.S.)
The sustainable packaging market is large and growing across both developed (North America, Europe) and emerging (Asia-Pacific, Latin America) regions.
Companies focusing on paper and paperboard, bio-based/recycled plastics, and recyclable or compostable designs are well-positioned to benefit from market growth.
Premium positioning in food, personal care, cosmetics, and other high-value segments supports adoption despite higher costs.
Regulatory trends such as plastic bans, extended producer responsibility (EPR) laws, and waste reduction mandates will accelerate sustainable packaging adoption.
Innovation in materials, recycling and composting infrastructure, and supply-chain circularity will define the market’s competitive landscape in the coming years.
August 2023: Sonoco Products Company launched new sustainable packaging solutions, including two EnviroFlex Paper pre-qualifications for the How2Recycle® labeling range.
December 2022: BASF and StePac partnered to introduce a sustainable packaging solution that extends the shelf life of fresh produce while minimizing environmental impact.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/sustainable-packaging-market-108946
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com