The zero waste packaging market is driven by the growing demand for sustainable packaging solutions in various industries, including food and beverage, cosmetics, and healthcare. Increasing awareness among consumers about the environmental impact of single-use plastics and government initiatives promoting eco-friendly packaging are also contributing to market growth. Additionally, the development of innovative and compostable materials, such as plant-based bioplastics and edible packaging, is projected to further drive market growth. However, the high cost of these materials and limited availability may hinder market growth. The Asia Pacific region is expected to dominate the market due to the presence of several key players and the growing demand for sustainable packaging solutions in countries like China and India.
The Zero Waste Packaging Market is expected to surpass US$ 2415.90 million by the end of 2028 and exhibit a CAGR of 9.4% during the forecast period (2021 to 2028).
Prominent Companies in the Zero Waste Packaging Industry:
1. Loop Industries Inc.
Loop Industries Inc. is a Canadian technology company that was founded in 2015 and is headquartered in Terrebonne, Quebec. It operates in Canada and the USA, offering sustainable packaging solutions for various industries, including food and beverage, cosmetics, and personal care. In January, 2023, Loop Industries Inc. announced a partnership with a major food and beverage company to supply them with sustainable plastic packaging.
2. PulpWorks Inc.
PulpWorks Inc. is an American company that was founded in 2011 and is headquartered in Los Angeles, California. The company operates in the USA and offers sustainable packaging solutions made from recycled paper for various industries, including food and beverage and personal care. In March, 2023 PulpWorks Inc. announced the launch of a new line of sustainable packaging solutions for the food industry.
3. Avani Eco
Avani Eco is an Indonesian company that was founded in 2014 and is headquartered in Bali, Indonesia. It operates in Indonesia, Malaysia, Thailand, Singapore, and the USA, offering sustainable packaging solutions made from cassava starch for various industries, including food and beverage and healthcare. In February, 2023, Avani Eco announced a partnership with a major retail chain to supply them with sustainable packaging solutions.
4. Loliware
Loliware is an American company that was founded in 2015 and is headquartered in New York City. It operates in the USA and offers sustainable packaging solutions made from seaweed for various industries, including food and beverage and hospitality. In January, 2023, Loliware announced the launch of a new line of sustainable packaging solutions for the beauty industry.
5. Lifepack
Lifepack is a Swedish company that was founded in 2016 and is headquartered in Stockholm, Sweden. The company operates in Europe, North America, and Asia, offering sustainable packaging solutions made from recycled ocean-bound plastic for various industries, including food and beverage and fashion.
6. Aarohana Ecosocial Development
Aarohana Ecosocial Development is an Indian company that was founded in 2013 and is headquartered in Mumbai, Maharashtra. The company operates in India, offering sustainable packaging solutions made from recycled plastic for various industries, including fashion and personal care.
7. Package Free
Package Free is an American company that was founded in 2017 and is headquartered in Brooklyn, New York. It operates in the USA and offers sustainable packaging solutions and eco-friendly products for various industries, including personal care and home goods.
8. GO Box
GO Box is an American company that was founded in 2011 and is headquartered in Portland, Oregon. The company operates in the USA and offers a reusable takeout container service for the food and beverage industry.
9. World Centric
World Centric is an American company that was founded in 2004 and is headquartered in Rohnert Park, California. It operates in the USA, India, and Taiwan, offering sustainable packaging solutions made from plant-based materials for various industries, including food and beverage and hospitality.
10. Biome
Biome is an Australian company that was founded in 2003 and is headquartered in Brisbane, Australia. The company operates in Australia, offering sustainable packaging solutions and eco-friendly products for various industries, including personal care and home goods. In January, 2023, Biome announced the launch of a new line of sustainable packaging solutions for the pet care industry.
*Definition- Zero waste packaging refers to sustainable packaging solutions designed to eliminate waste by using compostable, biodegradable, or reusable materials, thereby reducing the environmental impact of traditional single-use packaging.
