The market for zero-waste packaging is anticipated to grow at a CAGR of 8.8% from 2022 to 2032, reaching a worth of US$ 984.9 Mn in 2022. By the end of 2032, the market is anticipated to reach US$ 2,289.1 Mn. Sales of zero-waste packaging are expected to increase, with the top 5 companies expected to control between 20 and 25 percent of the global market by the end of 2022.
The value of the global market, according to FMI, was US$ 905.2 Mn in the base year (2021). In 2022, the top 3 nations are anticipated to account for 35–40% of the global market for zero-waste packaging. Government measures to protect the environment are growing, and consumer preference for eco-friendly products is also rising.
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Competitive Landscape
The market for zero-waste packaging is competitive in nature with the presence of several regional and local players. Top manufacturers in the packaging sector are implementing numerous tactics like partnerships, mergers, and acquisitions. To boost their visibility among customers, major market players are concentrating on product advancements and the development of new materials.
Some of the latest industry developments include:
- In May 2022, G. Mondini trialed TIPA’s biodegradable films as liners for its paper-based packaging options for chilled, wet, fresh food, and frozen products. The organization claimed that the partnership will enable G. Mondini to offer Paperseal packaging solutions made of paper that is designed for use in food applications and compostable items.
Demand Outlook for Zero-Waste Packaging from 2015 to 2021 Compared to 2022 to 2032 Forecast
Over the past few years, the market for zero-waste packaging has grown at a CAGR of 5.8%. (2015-2021). By the end of 2015 and about 2021, it was valued at approximately US$ 905.2 Mn and US$ 644.7 Mn, respectively.
Companies are quickly switching from plastic packaging to eco-friendly and zero-waste packaging items as a result of growing environmental concerns related to plastics. Sales would be boosted in the next years by increasing consumer demand for paper and its use in environmentally friendly and sustainable packaging, as well as by packaging makers’ development of novel materials.
After manufacturers stop using plastic, consumers and consumers can reuse packaging, resulting in zero waste.
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Zero-waste Packaging Market Outlook by Category
By Product Type:
- Reusable Packaging
- Compostable Packaging
- Edible Packaging
By Distribution Channel:
- Online
- Offline
By End Use:
- Food & Beverages
- Healthcare
- Cosmetics & Personal Care
- Electrical & Electronics
- Others (Automotive, Consumer Durable, etc.)
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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