Eco-friendly Food Packaging Market Scope
Statistics indicate that consumer packaging causes the most amount of plastic and paper waste, which is about 20% of all waste in landfills. Eco-friendly packaging is known to others as green packaging or environment-friendly packaging, sustainable packaging. It is the use of earth-friendly materials to package a product. A company that uses eco-friendly packaging materials can communicate its values on environmental conservation to its consumers. Government initiatives toward eco-friendly packaging and Shift in consumer preferences toward recyclable and eco-friendly materials are the major drivers fuelling the growth of the market.
The Eco-friendly Food Packaging market study is segmented by Type (Recycled content packaging, Degradable packaging and Reusable packaging), by Application (Food, Bakery & confectionery, Convenience food, Meat, fish, and poultry, Fruits & vegetables, Dairy products, Other food products, Beverages, Alcoholic beverages and Non-alcoholic beverages) and major geographies with country level break-up. According to AMA, the Global Eco-friendly Food Packaging market is expected to see growth rate of 7.09%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Eco-friendly Food Packaging market throughout the predicted period.
Amcor (Australia), Crown Holdings Inc. (United States), BASF (Germany), Huhtamaki Oyj (Finland), Mondi Group (Austria), Sealed Air Corporation (United States), Ball Corporation (United States), Tetra Pak (Switzerland), Westrock Company (United States), Elopak (Norway), Winpak Ltd. (Canada), Berry Global (United States) and Smurfit Kappa Group (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sonoco Products Company (United States), Evergreen Packaging (United States), Printpak Inc. (United States), Paperfoam (Netherlands), Sustainable Packaging Industries (United States), Gwp Group (United Kingdom) and Swedbrand Groups (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Eco-friendly Food Packaging market by Type, Application and Region.
On the basis of geography, the market of Eco-friendly Food Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 2 Jul 2020, Smurfit Kappa replaces EPS frozen food packaging with sustainable paper-based alternative. Smurfit Kappa has launched an innovative and sustainable new pack which keeps frozen and chilled foods fresh throughout the supply chain. and On 29 May 2020, Berry Global Group, Inc. announced its collaboration with longtime customer, Mondelēz International to supply packaging containing recycled plastic for Philadelphia, the world’s most popular cream cheese. The package contains plastic material recovered using advanced recycling technology from Berry’s partnership with SABIC, announced earlier this year.
On 15 April 2019, The Sustainable Packaging Coalition (SPC) has honored WestRock Company, a leading provider of differentiated paper and packaging solutions, with its Innovator Award for the company’s work in improving the recyclability of foodservice packaging. and On 4 Dec 2019, Winpak LTD. announced the launch of ReFresh™ - A Fresh Start to Sustainable Packaging. Recently unveiled at PACK EXPO 2019, Winpak’s ReFresh™ products provide food manufacturers and brand owners with high barrier recycle-ready solutions to address their packaging needs.
- Increase in Recycled and Recyclable Materials
- Optimize Packaging Design
- The Concept of Lightweight Packing Is Gaining Momentum
- Government Initiatives toward Eco-Friendly Packaging
- Shift in Consumer Preferences toward Recyclable and Eco-Friendly Materials
- Breakthrough in New Technologies Driving the Growth of the Market
- Advancements in Technologies for New Packaging Methods
- High Growth Potential in the Green Packaging Market
- Poor Infrastructural Facilities for Recycling
- Fluctuations in Raw Material Prices
Key Target AudienceFood & beverage product manufacturers, Eco-friendly packaging manufacturing Companies, Food safety agencies, Foodservice providers, Food & beverages Traders/Distributors, Food & beverages Importer/Exporters, Research & Consulting Firms, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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