The global plastic-free packaging market is poised for remarkable growth, with a projected value of US$ 3,671.8 million in 2022. This market is anticipated to undergo a transformative expansion at an extraordinary Compound Annual Growth Rate (CAGR) of 8.1% during the forecast period from 2022 to 2032, ultimately reaching a substantial valuation of US$ 8,000.8 million.
Plastic-free packaging has emerged as a vital solution to address environmental concerns and consumer demands for sustainable and eco-friendly alternatives. This growth reflects a paradigm shift in packaging practices and consumer preferences worldwide.
The packaging industry is emphasizing 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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One of the most recent innovations in the market for plastic-free packs is an edible film created from milk protein that is comparable to plastic wrap and helps to minimize food spoiling and packaging waste. The market for plastic-free plastic is expanding as recycled paper is used for packaging is the current trend in packaging industry.
A UK-based supplier of packaging materials has launched shredded paper manufactured from single used coffee cups, shaping the plastic-free plastic market trends. Furthermore, during the forecast period, the players are likely to witness profitable plastic-free packs market opportunities due to the growth in sales of luxury goods like alcohol and perfumes as well as the expansion of the e-commerce sector.
Key Drivers of Plastic-Free Packaging Market Growth:
- Environmental Awareness: Increasing awareness of plastic pollution and its detrimental impact on the environment has driven consumers and businesses to seek sustainable and plastic-free packaging alternatives.
- Regulatory Initiatives: Governments and regulatory bodies worldwide are imposing stricter regulations on single-use plastics and encouraging the use of eco-friendly and biodegradable packaging materials.
- Consumer Demand: Eco-conscious consumers are actively choosing products with plastic-free packaging, influencing brands and manufacturers to adopt sustainable packaging practices.
- Brand Reputation: Businesses are recognizing the significance of sustainable packaging in enhancing brand reputation and loyalty. Plastic-free packaging showcases a commitment to corporate responsibility.
- Innovative Materials: Ongoing research and development efforts have led to the creation of innovative, biodegradable, and compostable packaging materials that are both environmentally friendly and functional.
- Circular Economy: The concept of a circular economy, where materials are reused, recycled, or composted, has gained traction. Plastic-free packaging aligns with this sustainable approach.
Key Companies:
- 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
The plastic-free packaging market encompasses a wide range of solutions, including paper-based packaging, glass containers, metal packaging, and biodegradable materials. These alternatives not only reduce the environmental impact but also cater to the growing demand for sustainable products.
As we move forward, the global plastic-free packaging market is poised to play a pivotal role in reducing plastic waste, minimizing environmental harm, and meeting the sustainability goals of businesses and consumers alike.
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
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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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