Zero Waste Packaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Biopolymer, Paper & Cardboard, Glass, Others), By Type (Reusable/Recyclable, Edible, Compostable), By Distribution Channel (Offline, Online), By Application (Food & Beverages, Healthcare, E-commerce, Others), By Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationZero Waste Packaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Biopolymer, Paper & Cardboard, Glass, Others), By Type (Reusable/Recyclable, Edible, Compostable), By Distribution Channel (Offline, Online), By Application (Food & Beverages, Healthcare, E-commerce, Others), By Region, and Competition
In 2020, recycling rate of plastic packaging waste in Japan was around 86%.
Packaging that produces zero waste is touted as a new economic revolution. It ensures that products will be packed in a waste-free manner. The utilization, recycling, and reuse of trash is the main method used to achieve this. Waste produced by packing supplies is a problem all around the world. A sizeable portion of the junk also harms aquatic life and creates enormous islands of trash in the ocean or when it is buried in landfills. As a result, stringent environmental regulations were developed by government agencies to reduce the packaging waste and help expand the global zero waste packaging market in the forecast period.
Rising Demand for Recyclable/Reusable Packaging
Reusable
For instance, in 2021, the UK government announced plans to outlaw single-use plastic plates, cups, and silverware in England to combat plastic pollution.
Growing Consumer Awareness Regarding Risks Associated with Plastic Material
The environment suffers from the extensive usage of single-use, non-biodegradable plastic packaging materials. In a landfill, plastic takes hundreds of years to decompose. It will continue to degrade the ecosystem throughout the course of that period, eventually putting the lives of humans, animals, and plants in danger.
For instance, according to the European Environment Agency, the recycling rates are highest in Austria with 63%, followed by Germany with 62%, Belgium with 58%,
In addition, according to MDPI in 2022, Wales is one of the world leaders in household waste recycling with a steady recent recycling rate of 65%.
Therefore, growing consumer awareness of the consequences of using single-use and non-biodegradable plastic products for various packaging applications leads to the growth of
Increasing
Because of their portability, long shelf life, and straightforward manufacturing, convenience foods are primarily responsible for the need for food and beverage packaging. Due to customers' busy schedules and the aging population, convenience food is becoming more and more popular. The variety of readily found at food substitutes has expanded because of innovative packaging and cutting-edge technologies, including packed, frozen, chilled, etc. Most makers of packaging are most concerned with product safety and sustainability. Consumer goods companies are packaging food more frequently, which has changed consumers' preferences for fast meals. Many chemical suppliers are also making the switch to greener practices by using less plastic for packaging.
For instance, in July 2022, Fiorini International together with Mondi developed a cutting-edge paper packaging option for the Italian luxury pasta product manufacturer Antico Pastificio Umbro.
Thus, increasing demand for sustainable and safe packaging from the food & beverage sector is anticipated to boost the growth of Global Zero Waste Packaging Market in the upcoming years.
Recent Developments
- In
August 2022, TIPA collaborated with Aquapak to meet industry demand for
New Innovative Circular Packaging Solutions.
- An
investment of USD 70 million was made in the Israeli business TIPA Corp.
for the creation of biodegradable packaging options in January 2022.
- To
enhance the collecting of discarded carton containers in Udaipur,
Rajasthan, India, Tetra Pak partnered with the FINISH Society, a
well-known NGO for solid waste management in June 2021.
- In August 2020, Sonoco purchased Can Packaging producer of cardboard packaging company for increasing the sustainable packaging options.
Market Segmentation
Global Zero Waste Packaging Market
Company Profiles
Loop Industries, Inc., PulpWorks LLC, Ecovative LLC., DS Smith Plc, Avani Eco., Biome Bioplastics Limited, BIOPLA, Hero Packaging Pty Ltd, TIPA Ltd, Tetra Pak International S.A. are some of the key players of Global Zero Waste Packaging Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in
USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments covered |
Material Type Distribution
Channel Application
|
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United
States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China,
India, South Korea, Japan, Indonesia, Australia, Brazil, Argentina, South Africa,
Saudi Arabia, UAE |
|
Key companies profiled |
Loop
Industries, Inc., PulpWorks LLC, Ecovative LLC., DS Smith Plc, Avani Eco.,
Biome Bioplastics Limited, BIOPLA, Hero Packaging Pty Ltd, TIPA Ltd, Tetra
Pak International S.A. |
|
Customization scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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