1. Market Research
  2. > Packaging Market Trends
Green Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Green Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • February 2021
  • 177 pages
  • ID: 6030483
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The green packaging market registered a value of USD 266.7 billion in 2020 and is expected to be 404.96 billion in 2026 to register a CAGR of 7.4% over the forecast period from 2021 to 2026. Concerns about environmental impacts caused by these plastic bottles continue to increase across the food and beverage industry, leading to several companies using recycled plastic (rPET) in their bottle design, thus, boosting the market growth. Increasing awareness about environmental concerns among consumers and industries is primarily increasing the growth of the green packaging market.

- Increasing public awareness about environmental concerns has resulted in higher demand for sustainable packaging and processing operations. Sustainability initiatives have advanced considerably, leading manufacturers to reduce the source material by downgrading, creating thinner and lighter packaging, and reducing waste. Issues about sustainability, environment, ethics, safety, quality, and product costs are becoming increasingly crucial for modern-day consumers when purchasing products. A number of these issues are also enforced by legislative packaging regulations, which is expected to have a positive impact on the green packaging market, globally.
- In January 2020, Nestlé planned to spend as much as 2 billion Swiss francs (USD 2.1 billion) on shifting its packaging from virgin plastics to food-grade recycled plastics and increasing the development of more sustainable solutions. The food giant said it will buy up to 2 million metric tons of food-grade recycled plastics and devote more than USD 1.6 billion to pay a premium for these materials between 2020 and 2025. The company also will launch a sustainable packaging venture fund with 250 million Swiss francs (USD 260 million) to invest in start-up companies focusing on these areas.
- In October 2019, Coca-Cola Western Europe and Coca-Cola European Partners (CCEP) stepped up their ambitions for a World Without Waste by accelerating their joint action plan to collect, recycle, and reuse their packaging. The two partners are raising the bar of This is Forward, their sustainability action plan for Western Europe, which pledged that by 2025 Coca-Cola would collect a can or bottle for everyone that it sells; ensure that all of its packagings are 100% recyclable and ensure that at least 50% of the content of its plastic bottles comes from recycled material. They announced further goals designed to accelerate their delivery of a sustainable packaging roadmap for Western Europe, ensuring that all of their packagings are collected, recycled, and reused.
- The beginning of 2020 saw packaging news dominated by stories related to helping the environment and becoming as sustainable as possible. Many companies were switching to eco-friendly alternatives and coming up with innovative technology to help the environment in the packaging industry. Edible or biodegradable packaging was widely discussed as alternatives. However, as the COVID-19 outbreak became a pandemic, coverage began shifting away from sustainability and towards the virus and its impact on the world. The pandemic has also seen a rise in plastic waste. According to Forbes, a lot of personal protective equipment (PPE) used by the public is being discarded carelessly. The pushback against single-use plastic bans has heightened demand for bottled water, plastic bags, and disposable wipes, and sanitizers.

Key Market Trends
Personal Care is Expected to Witness Significant Growth

- According to a study by the Ellen MacArthur Foundation, around 8 million tons of plastic waste ends up in oceans every year, globally. The report also predicts plastic debris to outweigh fish by 2050, unless drastic actions are taken. Much of the floating waste is expected to collect in several large ocean vortices far from land. It is estimated that 95% of the plastic packaging material is lost to the economy after a short single-use cycle, at the cost of USD 80-120 billion. A sizeable share of the plastic that ends in oceans takes an even higher toll on value and health. Natural personal care and beauty label SoulTree has also made a significant start in terms of sustainable packaging. The company has launched biodegradable packaging, which can be decomposed naturally with the help of moisture and microorganisms.
- In the personal care industry, there is also a shift towards sustainable packaging materials. Ocean plastic is becoming established with several brands recuperating ocean from the sea and beaches to use in product packaging. This is leading to consumers and governments, in many countries, taking action toward recycling environmental wastes. Countries like India (some of the states) have banned the use of plastic packaging for various purposes. Similarly, the majority of the supermarkets in Britain pledged to remove unnecessary single-use plastics by 2025, under the UK Plastics Pact. This has resulted in an increased focus on green and sustainable packaging, thereby driving the market growth.
- WWP, one of the leading providers of cosmetic packaging components, plastic tubes, and full-service turnkey solutions for the beauty and personal care industries, has introduced additional green initiatives to provide more eco-friendly packaging. The company’s green initiative is aimed squarely at materials was active from January 2020, all tubes manufactured at the company’s Suzhou facility will be done utilizing sugarcane bio-resin, an all-natural renewable resource. By converting sugarcane into ethylene, the company creates a product with the same chemical makeup of fossil fuel-based polyethylene. The result, says WWP, is a package that is not only highly functional but also 100% recyclable and far less harmful to the environment.
- In November 2019, Henkel extended its collaboration with the social enterprise Plastic Bank for another five years. Henkel will engage in supporting ongoing projects in Haiti, the Philippines, and Indonesia and significantly contribute to the development of infrastructure of more than 400 Plastic Bank collection points in Egypt. Alone in 2020, Henkel will integrate more than 600 tons of recycled material called Social Plastic in its product packaging. More innovation has come from The Body Shop, which launched the world’s first ‘fairly traded’ recycled plastics in 2019. he ethical cosmetics firm has partnered with Plastics For Change to give a fair price to waste pickers in Bengaluru (India) to collect plastic. Two hundred fifty tonnes of Fair Trade recycled plastic will be collected in 3 million haircare bottles in 2020. The company even proposed a plan to combine the materials across its recycled plastics product portfolio within three years.

Asia-Pacific to Execute a Significant Growth Over the Forecast Period

- Countries like China and Japan are equipped with well-established waste management and recycling practices. Yet China has the largest nonrecycled plastic wastage globally. But China’s Initiatives, like a ban on the importation of 24 kinds of solid materials in 2018, including low-grade polyethylene terephthalate used in plastic bottles, is demanding the use of green and sustainable packaging. Further, in India, although the country has a well-established recycling environment, there is a low penetration of green packaging concepts. Still, green packaging is gaining significant traction in the country, with substantial companies adopting sustainable packaging solutions.
- In July 2019, China introduced a new waste sorting scheme against garbage, the country’s postal authority has its eye on a significant producer of waste in the express delivery industry. To reduce the pressure on the environment, express delivery firms are engaging in using recycled used boxes, reducing unnecessary packaging, and using biodegradable packaging materials. By the end of 2019, 95 percent of delivery packages are expected to use electronic waybills to minimize the use of paper sheets. Such green packaging initiatives are expected to save the country 207 million disposable plastic bags each year, according to the State Post Bureau (SPB).
- According to the 2019 survey commissioned by China Youth Daily, 53% of the respondents said that they would be willing to pay the green packaging cost, 24.4% said they would not, and 22.6% said they aren’t sure about which option to take. The survey polled 2,000 people, 69.2% of whom shop online at least once a week. About 87% of respondents said plastic bags are overused in e-commerce, and 27.5% said overuse of plastic bags in e-commerce is widespread. Almost 91% of respondents believed it is necessary to solve the plastic waste problem in the industry. About 60% of respondents said they would reuse plastic bags, while nearly 38% would throw them away.
- In September 2019, Amazon India announced its commitment to eliminate single-use plastic from its packaging by June 2020. The company announced a plan for the usage of"paper cushions" that are expected to replace plastic dunnage like air pillows and bubble wraps across its fulfillment centers in India. Paper cushions will be used to make sure that the packages are protected during transportation. The company has assured that its packaging material in the form of corrugate boxes and paper cushions is as high as 100 percent recycled content and is also completely recyclable. Amazon India is also developing plastic-free alternatives for various purposes, such as packaging mailers, bubble bags, stretch wrap, and tape used in the packaging. This will help the company eliminate all forms of plastic used in its packaging.

Competitive Landscape
With opportunities benefiting existing players and enabling their entry, the green packaging market is experiencing intensive competition. Barriers to entry of new players are relatively low, coupled with packaging companies witnessing an increase in sales, the competitive rivalry in the market is increasing considerably. The Green packing market studied comprises market incumbents, such as Amcor Limited, DS Smith PLC, Ball Corporation, and TetraPak International SA. Several regional firms and new entrants are also trying to gain significant market share. Due to this, market incumbents have been identified to adopt a powerful competitive strategy characterized by acquisitions, merger and acquisition activity, and a strong emphasis on R&D. The firm concentration ratio is also expected to increase considerably over the forecast period.

- May 2020 - DS Smith launched its Circular Design Principles, which reveals new research that shows there is a desperate need for consistent design to cut through the confusion in the recycling of packaging. The process has been developed in partnership with the Ellen MacArthur Foundation and has been created to support companies’ design reusability and recyclability into their packaging. This comes as a new study uncovers that European adults admit to throwing 41% of their recyclable material into general waste.
- April 2020 - Ball Corporation announced the five aluminum packaging plants with the most significant operational and social sustainability improvements, including progress across the areas with the most significant sustainability impact across operations and the promotion of aluminum packaging sustainability credentials and engagement in their local communities.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Home Care Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 4250
  • April 2021
  • 139 pages

The home care packaging market was valued at USD 94.45 billion in 2020 and is expected to reach USD 160.96 billion by 2026, and grow at a CAGR of 8.5% over the forecast period (2021 - 2026). Packaging ...

  • World
  • Europe
  • Packaging
  • Home Healthcare
  • Industry analysis
  • Online Retail Sales
  • Household Consumption Expenditure

Packaging Markets in China $ 4000 March 2021


ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on