United States Sustainable Packaging Market By Material (Paper, Plastic, Glass, Metal), By Process (Recycled Packaging, Reusable Packaging, Degradable Packaging) By End-Use (Food & Beverages, Cosmetic & Personal Care, Pharmaceuticals & Healthcare, Others), By Region, Competition 2024-2028
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited States Sustainable Packaging Market By Material (Paper, Plastic, Glass, Metal), By Process (Recycled Packaging, Reusable Packaging, Degradable Packaging) By End-Use (Food & Beverages, Cosmetic & Personal Care, Pharmaceuticals & Healthcare, Others), By Region, Competition 2024-2028
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 45.37 billion |
| CAGR (2023-2028) | 4.12% |
| Fastest Growing Segment | Food & Beverages |
| Largest Market | Midwest |
Market Overview
United States Sustainable Packaging Market has valued at USD 45.37 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.12% through 2028. Sustainable packaging refers to the design, creation, and use of packaging materials and systems that minimize their environmental impact while meeting the functional requirements of protecting, preserving, and presenting products. The goal of sustainable packaging is to strike a harmonious balance between environmental responsibility and the essential functions of packaging.
Key Market Drivers
Consumer Demand and Environmental Awareness
In recent years, a seismic shift in consumer behavior and values has ignited a profound transformation in the packaging industry. The United States sustainable packaging market is experiencing a remarkable surge in growth, driven by the potent combination of consumer demand and heightened environmental awareness.
Regulatory Pressures and Policies Increasing the Market Growth
In the pursuit of a greener and more sustainable future, regulatory pressures and policies have emerged as pivotal drivers of change, propelling the United States sustainable packaging market into a new era.
E-commerce Boom and Packaging Innovation
The rise of e-commerce has reshaped the way consumers shop, transforming the retail landscape and driving significant changes in the packaging industry. This seismic shift has also emerged as a key growth driver for the United States sustainable packaging market.
Download Free Sample Report
Key Market Challenges
Balancing Functionality and Sustainability
Sustainable packaging has emerged as a critical focus area in the broader effort to reduce environmental impact and promote responsible consumption. However, the journey towards sustainable packaging is not without its challenges, and one of the most significant hurdles is the delicate balance between functionality and sustainability.
Complex Material Landscape
Sustainable packaging has emerged as a vital frontier in the global effort to reduce environmental impact and promote responsible consumption. One of the most significant challenges faced by the sustainable packaging market is the complexity of the material landscape. This challenge stems from the need to find materials that not only align with sustainability goals but also meet functional and economic requirements.
Lack of Standardization
Without clear standards, consumers may be unsure about the actual environmental impact of the packaging they choose. Misunderstanding terms or labels could lead to unintended consequences, such as improper disposal or reluctance to embrace sustainable options. Companies aiming to adopt sustainable packaging face challenges in selecting the most appropriate materials and methods. The lack of consistent criteria makes it difficult to evaluate and compare different options effectively.
Key Market Trends
Sustainable and Eco-Friendly Solutions
Sustainable packaging has emerged as a crucial focus area within the broader sustainability movement. As consumers become more environmentally conscious and governments enact stricter regulations, the sustainable packaging market in the United States has witnessed significant growth and evolution.
Segmental Insights
Material
In 2022, United States Sustainable Packaging Market was dominated by Paper and is predicted to continue expanding over the coming years. Paper is made from trees, a renewable resource that can be sustainably managed and replanted. As long as responsible forestry practices are employed, the environmental impact of using trees for paper production can be minimized. Paper is biodegradable and breaks down naturally over time. This reduces the long-term environmental impact compared to non-biodegradable materials like plastics.
End-Use Insights
In 2022, United States Sustainable Packaging Market was dominated by Food and Beverages segment and is predicted to continue expanding over the coming years. Consumers are increasingly concerned about the environmental impact of their purchasing decisions. They are more likely to support brands that offer sustainable packaging options. The food and beverage industry, being a highly visible and consumer-driven sector, has responded to this demand by adopting sustainable packaging practices.
Download Free Sample Report
Regional Insights
The Midwest region has established itself as the leader in the United States Sustainable Packaging Market. The Midwest has historically been an industrial hub, with a strong manufacturing base. This foundation could provide the region with the necessary infrastructure and expertise to produce sustainable packaging materials and solutions.
Recent Developments
- In May 2022, COBOL BottlingCompany UNITED entered into a partnership with the O-I Glass Company tofacilitate the capture of more recycled glass for the purpose of producing newglass bottles. COBOL is dedicated to achieving a World Without Waste, and hasset a goal of utilizing 50% recycled materials in its bottles by 2030. As aresult of this partnership, COBOL expects to recycle over 700,000 outdated anddamaged bottles annually.
- In Dec 2021, To expand its focus on sustainable packaging, Sonoco Products announcedthe acquisition of Ball Metalpack, a manufacturer of sustainable metalpackaging for food and household products, and an aerosol producer in NorthAmerica, for USD 1.35 billion in cash. Ball Metalpack is a joint venture byPlatinum Equity and Ball Corporation.
- Foxpak Flexibles Ltd was acquired bySealed Air in February 2022. The acquisition was part of SEE Ventures, SealedAir's initiative to invest in innovative technologies and business models withthe aim of accelerating growth. Foxpak is a privately-held Irish packagingsolutions company that was one of the pioneers in the field of digital printingfor flexible packaging.
Key Market Players
- Amcor Group GmbH
- WestRock Company
- The Smurfit Kappa Group plc
- Mondi Group
- Tetrapak USA Ltd.
- Sealed Air Corp
- Huhtamaki Americas Inc.
- Berry United States Group, Inc.
- Crown Holdings, Inc.,
In this report,
- United States Sustainable Packaging Market, By Material
- United States Sustainable Packaging Market, By Process
- United States Sustainable Packaging Market, By End Use
- United States Sustainable Packaging Market, By Region
o
o
o
o
Competitive Landscape
Company Profiles
found at Customizations
United States Sustainable Packaging Market
Company Information
- Detailed analysis and profiling of additional market players (up to five).
United States Sustainable Packaging Market
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy