The global green packaging film market value is expected to rise from US$ 11,767.2 million in 2024 to US$ 20,875.3 million by 2034. This estimated growth is expected to be driven by a healthy CAGR of 5.90% in the green packaging film market over the next decade.
The demand for green packaging solutions is rising in the food packaging sector as eateries seek packaging options that are recyclable, disposable, and degradable for branding purposes and customer acquisition. As a result, manufacturers increasingly use polyhydroxyalkanoates (PHA) and starch-based plastics to manufacture packaging apt for different end users.
Mass awareness about the environmental impact caused by plastics is a primary factor in the green packaging film market expansion. Increasing fresh and frozen food packaging consumption also fuels its demand in the food industry.
Request for a sample of this research report: https://www.futuremarketinsights.com/reports/sample/rep-gb-18268
Key Takeaways from the Green Packaging Film Market Report:
- The North America region displays its supremacy in the global green packaging film market by acquiring a share of 24.10% in 2024. The United States is expected to expand within the region at a CAGR of 2.70% through 2034.
- Germany is predicted to register a CAGR of 3.60% through 2034, whereas the United Kingdom is anticipated to record a CAGR of 3% through 2034. Regionally, Europe is predicted to obtain a share of 21.30% in 2024.
- China and India are the leading Asian countries that display relatively higher CAGRs of 6% and 6.5% through 2034. These countries demonstrate significant potential both as a consumer and as a producer of green packaging films.
- Pouches are the leading product type that consumers of green packaging films prefer. FMI analysts report pouches to record a share of 24.40% in 2024.
- The food sector is the leading consumer of green packaging films, contributing to significant overall product sales. The segment is predicted to account for a top share of 32.60% in 2024.
Growth Opportunities in Green Packaging Film Industry:
- Increased Consumer Awareness: Growing awareness among consumers about environmental issues is driving demand for eco-friendly packaging solutions, presenting a significant growth opportunity for green packaging films.
- Stringent Environmental Regulations: The implementation of strict environmental regulations and policies favoring sustainable practices creates a favorable landscape for the adoption of green packaging films, stimulating market growth.
- Innovation in Material Science: Advancements in material science and technology are paving the way for the development of new and improved biodegradable and compostable packaging materials, offering innovative solutions for sustainable packaging.
- Collaborations and Partnerships: Collaborative efforts between packaging manufacturers, retailers, and sustainability-focused organizations contribute to the expansion of the green packaging film market, fostering mutually beneficial relationships.
- Rising Demand from End-Use Industries: Growing demand for sustainable packaging solutions from various industries, including food and beverage, healthcare, and e-commerce, provides a substantial growth avenue for green packaging film manufacturers.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-18268
Industry Trends:
- Bio-Based and Recyclable Materials: The industry is witnessing a shift towards bio-based and recyclable materials, with a focus on reducing the environmental impact of packaging films and meeting the demand for circular economy practices.
- Smart Packaging Technologies: Integration of smart packaging technologies, such as RFID and QR codes, in green packaging films is on the rise, enabling better traceability, information sharing, and enhancing overall supply chain efficiency.
- Minimalist and Sustainable Design: A trend towards minimalist and sustainable design in packaging is emerging, influencing the aesthetic and functional aspects of green packaging films to align with eco-conscious consumer preferences.
- Emphasis on Lightweight Packaging: The industry is placing a greater emphasis on lightweight packaging solutions to reduce material consumption, transportation costs, and overall environmental footprint, contributing to the sustainability goals of businesses.
- Circular Economy Initiatives: Increasing focus on circular economy initiatives, including closed-loop recycling systems and extended producer responsibility (EPR) programs, is shaping the green packaging film market, driving the adoption of more sustainable and circular practices.
The Key Payers Are:
- Amcor
- Bemis
- Berry Global
- CCL Industries
- Constantia Flexibles
- Dow Chemical
- DuPont
- Eastman Chemical
- ExxonMobil
- Innovia Films
- Mondi
- Sealed Air
- Smurfit Kappa
- Tetra Pak
- Toppan Printing
- UFlex
- Cosmo Films
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/18268
Key Segmentations:
By Product Type:
- Bags
- Pouches
- Wrapping Films
- Liners
- Other product types
- Bags
By Material:
- Poly Lactic Acid (PLA)
- Starch Blend
- Polybutylene Adipate Terephthalate (PBAT)
- Polyhydroxyalkanoates (PHA)
- Other Plant-Based
By End Use:
- Food
- Beverages
- Pharmaceutical
- Personal Care and Cosmetics
- Building and Construction
- Other Industrial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific Except Japan
- Japan
- The Middle East and Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube