Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
There have been remarkable trends in the Asia Pacific Sustainable Packaging Market which express environmental consciousness and sustainable practices that the region is now emphasizing more. This has led to an increase in demand for sustainable packaging solutions since consumer awareness has gone up. In this respect, organizations operating in Asia Pacific are being compelled to embrace sustainable packaging as people move towards eco-friendly products like those packaged using recyclable materials, biodegradable ones, or renewable resources.
Government initiatives and regulations have been critical in shaping the market trends of sustainable packaging in Asia Pacific. Many countries within this region have adopted various policies with regard to reducing plastic waste, promoting recycling as well as encouraging use of sustainable materials in their respective packaging sectors. Their implementation and incentives to firms that embrace sustainability on the other hand has forced firms to adopt eco-friendly ways of packaging aiming at meeting environment standards while having their eye on reducing environmental impact caused by packaging.
Moreover, there is a rise in innovation among companies operating within the Asia Pacific Sustainable Packaging Market looking for emerging new materials as well as technologies. Creative ideas are being born out of these such as biobased plastics, compostable materials and advanced recycling techniques which constitute alternatives to conventional packages hence they can be termed as sustainable. The challenge is creating packages that do not harm nature but still meet customer’s requirements therefore driving forward change and innovations within this industry.
Furthermore, one major factor driving sustainability packaging trends is e-commerce boom across countries in Asia-Pacific. This is due to the fact that online shopping industry keeps growing necessitating package designs that protect goods while supporting sustanability. E-commerce providers are searching for containers which can minimize wastage by enabling reusing certain components or shrinking size so as not add much on carbon emanated from transportation.
Packaging waste reduction initiatives are gaining traction with many companies committing towards achieving circular economy goals across Asia Pacific region. This means that packages can be easily recycled or reused thus reducing the overall carbon footprint. Therefore, the packaging industry is moving towards a closed-loop system where materials are either reutilized or reintegrated back into the production hence this will foster more sustainable packaging.
Partnerships and collaborations are now key trends in the whole supply chain in Asia Pacific Sustainable Packaging Market. Firms have realized that for sustainability to be all inclusive, there is need for partnership among suppliers, manufacturers and retailers with a broader approach. These initiatives are aimed at improving recycling infrastructure, developing more environmentally friendly packaging alternatives and achieving collective change across sectors towards shared environmental goals.
However, issues such as cost considerations and infrastructural development continue to hinder progress for the Asia-Pacific Sustainable Packaging Market. While popularity of these environment-friendly material and technology is growing they may sometimes be more expensive than their conventional counterparts. The challenge lies on how businesses can attain economic feasibility of implementing sustainable packaging solutions without overlooking environmental benefits associated with them. Moreover, there should be increased investment in waste management systems coupled with improved recycling infrastructure so as to ensure proper disposal of these environmental-friendly materials through recycling processes.
Asia Pacific Sustainable Packaging Market Highlights:
Asia Pacific Sustainable Packaging Market Overview
The sustainable packaging market industry is projected to grow from Significant value by 2032, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2023 - 2032). Growing government measures to support environmentally friendly packaging in response to rising plastic waste in landfills is one of the main market driver driving the market's expansion for environmentally friendly packaging.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sustainable Packaging Market Trends
-
Growing Use of Eco-Friendly Packaging to Accelerate Market Growth
The expansion of the sustainable packaging market is largely dependent on the development and uptake of the green packaging industry. Green packaging is a major industry driver because of its environmentally friendly materials and procedures. Furthermore, the green packaging sector provides a broad range of sustainable materials, including compostable substitutes, recyclable paperboard, and biodegradable plastics, in the first component of this driver. These materials aim to minimize plastic waste, lower the carbon footprint of packaging, and encourage a more sustainable method of product packaging. In addition, the market for environmentally friendly packaging serves customers who value eco-friendly products in addition to assisting businesses in meeting changing regulatory requirements. Green packaging is a big trend in the market that offers a way to lessen the ecological impact of packaging materials and solve environmental issues. Companies are better positioned to meet the rising demand for environmentally friendly products if they make proactive investments in sustainable green packaging options. However, the market CAGR for sustainable packaging is expected to grow as green packaging solutions continue to be developed and adopted, providing consumers and businesses with a more ethical and ecologically conscious option and fostering the creation of an increasingly eco-friendly future.
Moreover, the market for sustainable packaging has a lot of potential due to the development of novel materials. Packaging solutions with a lower environmental effect and more sustainability are in greater demand as businesses and consumers become more conscious of environmental issues. By offering fresh, ecologically responsible solutions that also satisfy the demands of businesses and consumers, innovative materials can contribute to meeting this demand. Moreover, compostable, recyclable, and biodegradable plastics are more examples of inventive materials. Compared to conventional packaging materials, these materials have less of an environmental impact because they are made to decompose organically. For instance, biodegradable polymers can decompose into naturally occurring elements without harming the environment because they are derived from renewable resources. Thus, driving the sustainable packaging market revenue.
Cargill added Biovero bio-based plasticizer to its portfolio of bio-industrial solutions in October 2021. The product is used for a wide range of product manufacturing applications like flooring, clothing production, wire and cable insulation, as well as plastic films and sheets, among others, used by their industrial customers located in North America but with plans for worldwide expansion too. The use of sustainable PVCs is likely to increase in the coming years following such kind of events.
Sustainable Packaging Market Segment Insights
Sustainable Packaging Process Insights
The Asia Pacific Sustainable Packaging market segmentation, based on process includes Reusable Packaging, Degradable Packaging, and Recycled Packaging. The recycled packaging category led the market in 2022. Reducing packing weight and size and using more recyclable and renewable materials are the two most common sustainable packaging solutions used by companies. Consequently, the corporation is using more cardboard and paper in its operations. It also ensures that, for future usage, the packaging is recyclable and environmentally benign.
Figure 1: Asia Pacific Sustainable Packaging Market, by Process, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sustainable Packaging Material Type Insights
The Asia Pacific Sustainable Packaging market segmentation, based on material type, includes Glass, Plastic, Metal, and Paper. The paper category generated the most income. Paper-based packaging is easily recyclable, and most paper products can be recycled multiple times. This is in line with the circular economy's and waste reduction initiatives. Paper is an attractive material for companies looking to reduce the environmental impact of their packaging because it decomposes spontaneously and is intrinsically biodegradable.
Sustainable Packaging End user Insights
The Asia Pacific Sustainable Packaging market segmentation, based on end user, Pharmaceutical and Healthcare, Cosmetics and Personal Care, Food and Beverage, and Other End Users. The food and beverage category generated the most income because recycled plastic is becoming more and more popular since it is inexpensive and good for the environment. Furthermore, it is projected that the personal care and cosmetics sector would increase significantly in the near future. This is because customers are becoming more ecologically conscious, which drives up demand for sustainable packaging, and the government is promoting eco-friendly packaging.
Sustainable Packaging Country Insights
Asia Pacific is anticipated to experience the quickest growth in the sustainable packaging market over the course of the forecast period. The two most profitable markets in Asia Pacific for eco-friendly packaging options are China and India. The market is predicted to increase because of these countries' growing environmental concerns and potential customer base. The market is also growing due to the increasing presence of recycling facilities in the area that are developing cutting-edge products. Furthermore, the market's expansion in Asia Pacific is believed to be significantly fueled by the swift adoption of pro-environment laws in Asian nations and growing government backing for the use of sustainable packaging across a range of industries. Additionally, the Indian government outlawed single-use plastic in July 2022, seeing it as a necessary measure to reduce pollution brought on by improper disposal of plastic garbage. Businesses are expected to move toward sustainable packaging options as a result of this move by the Indian government. India is the most appealing market for sustainable packaging in Asia Pacific as a result of the growing food chain industry's adoption of sustainable packaging solutions to meet growing environmental concerns.
In February 2023, Sealed Air bought Liquibox— a company that offers ecologically sustainable bag-in-box packaging solutions for many industries.
Crown Holdings purchased Helvetia Packaging in Saarlouis, Germany, in 2023.
Procter & Gamble Fabric and Home Care partnered with Paboco in November 2022 to run a test on its Lenor liquid fabric conditioner brand 'first-generation' paper-based bottles in the Netherlands. Therefore, the rise of investment in earth-friendly packs is expected to boost the market's worth over the forecast period.
Figure 2: ASIA PACIFIC SUSTAINABLE PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sustainable Packaging Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the sustainable packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, sustainable packaging industry must offer cost-effective items.
Major players in the sustainable packaging market are attempting to increase market demand by investing in research and development operations includes Amcor Limited, Sealed Air Corporation, Mondi PLC, Huhtamaki OYJ, BASF SE, Westrock Company, Ardagh Group SA, TetraPak International SA, Smurfit Kappa Group PLC, Ball Corporation, Crown Holdings Inc., Sonoco Products Company, DS Smith PLC, Genpak LLC, and International Paper Company.
Key Companies in the sustainable packaging market include
- Amcor Limited
- Sealed Air Corporation
- Mondi PLC
- Huhtamaki OYJ
- BASF SE
- Westrock Company
- Ardagh Group SA
- TetraPak International SA
- Smurfit Kappa Group PLC
- Ball Corporation
- Crown Holdings Inc.
- Sonoco Products Company
- DS Smith PLC
- Genpak LLC
- International Paper Company
Sustainable Packaging Industry Developments
April 2022: In order to recycle flexible plastics from the food supply chain and repurpose them into new, certified circular food-grade packaging, Sealed Air and other partners have announced a collaboration on an advanced recycling program.
September 2021: Sonoco and AMP Robotics, a leader in artificial intelligence, robotics, and infrastructure for the trash and recycling sector, collaborated to develop a new material category inside AMP's neural network that is tailored to rigid paperboard cans. Higher recycling rates for Sonoco and other manufacturers' spiral wound paper canisters with steel bottoms will be the outcome of this agreement.
September 2020: Berry Global Group, Inc. collaborated with Bhoomi in developing a bottle that is 100% sugarcane-based for their cold-pressed cane water elixir. This partnership will enable the company to reach more customers.
Sustainable Packaging Market Segmentation
Sustainable Packaging Process Outlook
- Reusable Packaging
- Degradable Packaging
- Recycled Packaging
Sustainable Packaging Material Type Outlook
- Glass
- Plastic
- Metal
- Paper
Sustainable Packaging End User Outlook
- Pharmaceutical and Healthcare
- Cosmetics and Personal Care
- Food and Beverage
- Other End Users
Sustainable Packaging Regional Outlook
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Thailand
- Vietnam
- Malaysia
- Singapore
- Rest of Asia-Pacific
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
