Sustainable Packaging Industry Forecasted to Hit $518.5 Billion by 2031

Sustainable Packaging Industry Forecast to Hit $518.5 Billion Milestone by 2031

Sustainable Packaging Market- 2024-2031 Meticulous Research a leading global market research company, published a research report titled, Sustainable Packaging Market by Type (Recyclable, Reusable, Degradable), Material (Plastic, Paper & Paperboard, Bamboo, Metal, Others), Layer (Primary, Others), Sector (F&B, Automotive, Cosmetic & Beauty, Others), & Geography - Global Forecast to 2031. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5935?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=29-10-2024 According to the latest publication by Meticulous Research , the global sustainable packaging market is expected to reach $518.5 billion by 2031, growing at a CAGR of 6.9% from 2024 to 2031. This growth is driven by government policies promoting eco-friendly packaging and a shift in consumer preferences towards environmentally friendly products. However, the high cost of sustainable packaging remains a challenge for market expansion. The rise in e-commerce sales, increasing emphasis on sustainability among companies, and the growing focus on promoting a circular economy are anticipated to create opportunities for stakeholders. Nevertheless, concerns about durability, product lifecycle, and inadequate recycling practices and infrastructure pose challenges. The emergence of sustainable packaging alternatives is a notable trend in this market. Market Segmentation and Dynamics: By Type: The market is segmented into recyclable packaging, reusable packaging, and degradable packaging. In 2024, recyclable packaging is expected to account for the largest share, over 57%, driven by the widespread use of recyclable materials to conserve resources, reduce emissions, and decrease landfill waste. Major companies like Nestl S.A., Hindustan Unilever Limited, and The Coca-Cola Company are actively adopting recycling strategies. The degradable packaging segment is expected to record the highest CAGR, driven by the increasing demand for degradable packaging formats such as bags, boxes, and pouches. By Material: The market is segmented into paper & paperboard, plastic, metal, glass, wood, bamboo, and other materials. In 2024, the paper & paperboard segment is expected to account for the largest share, over 42%, driven by its use in food packaging across restaurants and the demand for corrugated cardboard, folding boxes, and cartons in e-commerce. Companies are introducing recyclable paper & paperboard packaging solutions, such as AB Electrolux s recycled and paper-based packaging. The bamboo segment is projected to register the highest CAGR, driven by its eco-friendly, renewable, and biodegradable properties. By Layer: The market is segmented into primary, secondary, and tertiary layers. In 2024, the primary segment is expected to account for the largest share, over 46%, driven by consumers' preference for eco- Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Sustainable Packaging Market- 2024-2031 friendly packaging, the use of sustainable materials in primary packaging, and the demand for primary packaging in the food & beverage and pharmaceutical sectors. The primary segment is also projected to register the highest CAGR, driven by the focus on sustainable packaging and the growth of e-commerce. By Geography: In 2024, Asia-Pacific is expected to account for the largest share, over 44%, driven by consumer awareness about sustainable packaging, demand for food & beverage packaging, and the presence of manufacturers in the region. The Asia-Pacific region is also projected to register the highest CAGR, 8.0%, driven by urban population growth, rising disposable incomes, increased e-commerce spending, government regulations, evolving consumer preferences, and environmental concerns. Key Players: Prominent players in the sustainable packaging market include Mondi plc, Amcor plc, Tetra Pak International S.A., Sealed Air Corporation, Ball Corporation, Crown Holdings, Inc., Smurfit Kappa Group plc, Berry Global Group, Inc., International Paper Company, Huhtam ki Oyj, Sonoco Products Company, Elopak AS, DS Smith Plc, ECOPACKABLES, and Better Packaging Co. These companies are driving innovation and shaping market dynamics. Buy Now@ https://www.meticulousresearch.com/Checkout/80301525?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=29-10-2024 About Meticulous Research : We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence tailored to drive revenue transformation and strategic growth. Our insights reveal forward-looking revenue opportunities, providing our clients with a competitive edge through a diverse suite of research solutions syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace. Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Sustainable Packaging Market- 2024-2031 Contact Us: Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. Email- sales@meticulousresearch.com USA: +1-646-781-8004 Europe: +44-203-868-8738 APAC: +91 744-7780008 Visit Our Website: https://www.meticulousresearch.com/ For Latest Update Follow Us: LinkedIn- https://www.linkedin.com/company/meticulous-research Meticulous Blog | Top Market Research Reports Blog - https://meticulousblog.org/ Page 3 of 3 Meticulous Research| sales@meticulousresearch.com