The market for plastic-free packaging is anticipated to grow from US$ 3,671.8 million in 2022 to US$ 8,000.8 million by 2032, at a CAGR of 8.1%. (2022-2032). The packaging industry is emphasising the use of plastic substitutes like metal, paper, or glass, which is driving demand for plastic-free packaging because these materials are easily biodegradable and recyclable.
Ethique, a skincare product company located in New Zealand, has adopted plastic-free packs for the packaging of their cosmetic items and employs materials like cardboard and paper. This has led to an increase in the sales of plastic-free packs.
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Plastic-Free Packs Market: Drivers and Restraints
The ban on plastic bags and other plastic products in several countries across the world is the major driver for the growth of global plastic-free packs market. The strategic investments in sustainable development by global cosmetic products manufacturers, both in premium and mass segment is expected to drive the global plastic-free packs market growth.
The stringent government regulations in using plastics or recycled plastics for food packaging also contributes to the growth of global plastic-free packs market. The increasing sales of luxury products such as perfumes and alcohol is expected to fuel the growth of plastic-free packs market. The expansion of online retail has facilitated the growth of paper and paperboard packaging, thus contributing to the global plastic-free packs market growth.
However, the advantages of plastic packaging such as cost effective, lightweight, durability etc. is anticipated to hamper the growth of global plastic-free packs market during the forecast period.
Plastic-Free Packs Market: Region Wise Outlook
The global plastic-free packs market can be divided into five regions, namely North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). APAC holds the major share in global plastic-free packs market. Countries such as China, India and South Korea have significant share in paper boarding and glass packaging market. The rise in e-commerce sales and increasing consumption of canned food contributes to the growth of plastic-free packs market in the region. North America and Europe are the other key regions in the global plastic-free packs market.
Plastic bags and packaging is banned in major countries in these regions. The mature luxury and cosmetic product industry and stringent regulations for sustainable development is anticipated to increase the region’s share in global plastic-free packs market. MEA is anticipated to exhibit moderate CAGR during forecast period.
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What is the Competition Landscape in the Plastic-Free Packs Market?
- WestRock Company,
- MW Creative Ltd.,
- Multiscience GmbH,
- Beatson Clark,
- Rawlings & Son (Bristol) Ltd.,
- Orora Packaging Australia Pty Ltd.,
- ALL PACKAGING COMPANY,
- Zumbiel Packaging,
- Abox,
- Ardagh Group S.A.,
- HUBER Packaging
are a few of the major players in the market.
The quality of the products being offered and the manufacturing technology are two factors on which many businesses compete. Major players in the plastic-free packs market are looking for opportunities to integrate vertically across the value chain, are engaged in mergers and acquisitions, investment in R&D facilities, and manufacturing facility expansion.
Recent Developments in the Plastic-Free Packs Market:
- Saltwater Brewery, a tiny craft brewery, is well-known for its barley and wheat six-pack rings for beer cans. These six-pack rings are edible, and if they are discarded in the water, they can become food for sea creatures.
- Unwrapped Life, a Canadian manufacturer of personal care goods, has been using Kraft paper to package its products such as shampoo bars, conditioner bars, soap bars, and others. They have changed from plastic to Kraft tape.
- Level Ground Trading, a member of the Grocery and Related Product Merchant Wholesalers Industry, uses wood pulp in its coffee packaging, which is fully biodegradable.
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Key Segments Profiled in the Plastic-Free Packs Market Survey
By Material:
- Metal
- Steel
- Tin free steel
- Aluminium
- Aluminium foil
- Tinplate
- Paper
- Glass
By Packaging Type:
- Pouches
- Box
- Tubes
- Blister and Strip
- Bottles and Jars
- Cartons
- Trays
- Cans
By End Use:
- Cosmetics
- Food and Beverage
- Pharmaceutical
- Consumer Products
By Region:
- North America
- Latin America
- Europe
- The Asia-Pacific
- The Middle East and Africa
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