Zero waste packaging market, By Type (Re-Usable Goods, Compostable Goods, Edible Goods), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Sales Channels, Others), By End User (Food and Beverage, Healthcare, Personal Care, Others (Industrial, etc.)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Sep 2023

Code : CMI5018

Pages :110

Formats :

Excel and PDF

Industry : Packaging

Zero Waste Packaging MarketSize and Trends

The Zero Waste Packaging Market is expected to surpass US$ 3.48 Billion by the end of 2030 and exhibit a CAGR of 12% during the forecast period (2023 to 2030).

Global Zero Waste Packaging Market: Trends

Growing demand for sustainable packaging solutions in food and beverage, healthcare, personal care, and other applications is expected to create lucrative opportunities for market players during the forecast period. Moreover, the adoption of various emerging technologies such as 3D printing and automation is expected to propel the production capacity of zero-waste manufacturers over the long run, which in turn is expected to create profitable opportunities for the market during the forecast period. Additionally, rising disposable income, a rapidly expanding food and beverage industry, and growing demand from the healthcare industry are expected to boost demand for zero-waste packaging and drive market growth. For instance, as indicated by the USDA's Economic Research Service, Americans spent an average of 9.7% of their total disposable income on food at home and food away from home. The USDA demonstrates that $1.7 trillion was spent on all food consumption in the U.S. in 2020, up $78.2 billion from the earlier year.