Global sustainable packaging market is estimated to be valued at USD 400.34 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Sustainable packaging refers to the development and use of packaging that results in improved sustainability and involves the reduction in use of raw materials, decreased emissions of greenhouse gases and pollution, and reduced energy use. Rising concerns over environmental degradation due to excessive use of plastics for packaging and growing awareness about sustainable development have prompted companies to shift their focus towards eco-friendly packaging solutions. Furthermore, stringent government regulations regarding the use of plastics and policies promoting sustainability boosts demand for sustainable packaging products. With the packaging industry undergoing a transition towards sustainability, the global sustainable packaging market is expected to witness growth significantly over the forecast period.

 Market Dynamics:

Global sustainable packaging market growth is driven by several factors such as rising environmental concerns due to excessive plastic waste, stringent government regulations regarding use of plastics, and growing awareness among consumers about eco-friendly products. However, high costs associated with sustainable packaging solutions as compared to conventional packaging and lack of standardization can hamper the market growth. Development of innovative sustainable packaging materials through continued research and new product launches present a lucrative opportunity for the market growth. Moreover, partnerships between packaging manufacturers and brands to promote use of sustainable materials can drive the market growth.

 Key Features of the Study:

• This report provides in-depth analysis of the global sustainable packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• Key companies covered as a part of this study include Amcor Limited, Westrock Company, TetraPak International S.A., Sonoco Products Company, Smurfit Kappa Group PLC, Sealed Air Corporation, Mondi PLC, Huhtamaki OYJ, BASF SE, Ardagh Group S.A, Ball Corporation, Crown Holdings, Inc., DS Smith Plc, Genpak LLC, International Paper Company, Pcakmile, Ecoware, Greenhandle Products Private Limited, Sustainable Packaging Industries, and Mpacks.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global sustainable packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sustainable packaging market.

Detailed Segmentation-

• By Material Type:
  • Glass
  • Plastic
  • Metal
  • Paper
  • Others
• By Process:
  • Reusable Packaging
  • Degradable Packaging
  • Recycled Packaging
• By End User Industry:
  • Pharmaceutical and Healthcare
  • Cosmetics and Personal Care
  • Food and Beverage
  • Other End user Industries
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• Amcor Limited
• Westrock Company
• TetraPak International S.A.
• Sonoco Products Company
• Smurfit Kappa Group PLC
• Sealed Air Corporation
• Mondi PLC
• Huhtamaki OYJ
• BASF SE
• Ardagh Group S.A
• Ball Corporation
• Crown Holdings, Inc.
• DS Smith Plc
• Genpak LLC
• International Paper Company
• Pcakmile
• Ecoware 
• Greenhandle Products Private Limited
• Sustainable Packaging Industries
• Mpacks