Eco Friendly Food Packaging Market Size is projected to reach USD 394.33 Billion by 2030, growing at a CAGR of 8.5%

bhagyashri shewale
Published on Mar 31, 2023

The global eco-friendly food packaging market size was USD 189.23 Billion in 2021 and is expected to register a revenue CAGR of 8.5% over the forecast period, according to the latest report by Reports and Data.

Food packaging that is environmentally friendly is made from renewable resources. Biologically degradable packaging materials make up the majority of it. Additionally, it maintains the food's quality and guarantees that it is safe for eating by people. The fact that eco-friendly packaging requires less energy during production is another benefit encouraging its use. These packaging options also promote resource conservation. Due to growing knowledge of the negative environmental effects of non-biodegradable materials, customers are showing a preference for eco-friendly food packaging products. Additionally, consumers are choosing the eco-friendly straws and wooden spoons that accompany with food packing.

Paper-based or biodegradable alternatives are replacing single-use plastic straws, lids, closures, caps, cups, and food trays in the foodservice industry. Due to growing consumer preferences for packaged meals and convenience, the market for eco-friendly food packaging will continue to grow.

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Some Key Highlights from the Report

  • The market for eco-friendly food packaging is divided into categories based on the type of material used, including paper & paperboard, plastic, metal, glass, and other packaging materials. The transportation of bulk food and beverage goods, as well as the widespread usage of paper and paperboard in the foodservice and retail industries, are to blame for this. Paper and paperboard are the most popular packaging materials in the food and beverage industry due to their degradability and recyclable qualities. Ready-to-eat, on-the-go, frozen, and fresh meals are increasingly offered and delivered in paperboard packaging as a result of increased environmental concerns.
  • Due to stringent government laws in the European Union against the use of single-use plastics that are detrimental to the environment, the market in Europe accounted for the greatest revenue share in 2020. The circular economy framework and sustainability standards were defined by the European Directive. European companies have started to implement the circular economy goal by using recyclable, recycled, and biodegradable products.
  • In order to create a proper circular supply chain and production line, Smurfit teamed up with Belgian specialty brewer Vanhonsebrouck in October 2019. As a result, the company made significant improvements to its current production process and began using recyclable cans in place of glass to produce packaging that is more environmentally friendly.
  • Companies profiled in the market report include Amcor, Mondi Group, Sealed Air Corporation, Ball Corporation, Tetra Pak, Crown Holdings Inc., BASF SE, Huhtamaki OYJ, Westrock Company, Smurfit Kappa Group.

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  • For the purpose of this report, Reports and Data has segmented the global eco-friendly food packaging industry into Material Type Outlook, Application Outlook Type Outlook, Technique Material Outlook, Regional Outlook:

Material Type Outlook (Revenue, USD Billion; 2019-2030)

  • Paper & paperboard
  • Plastic
  • Metal
  • Glass
  • Other packaging material

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Food
  • Beverage

Type Outlook (Revenue, USD Billion; 2019-2030)

  • Recycled content packaging
  • Degradable packaging market
  • Reusable packaging

Technique Material Outlook (Revenue, USD Billion; 2019-2030)

  • Active packaging
  • Molded packaging
  • Alternate fiber packaging

Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

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