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Business Research Company Environmental Friendly Food Packaging Industry Overview

LONDON, February 23, 2022 /PRNewswire/ — The widespread use of most plastic packaging products has adverse effects on the environment. Rising consumer awareness about the disadvantages of using single-use and non-degradable plastic products for food packaging is driving the growth of the eco-friendly food packaging market.

The size of the global eco-friendly food packaging market is expected to grow from $196.26 billion in 2021 for $211.56 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. TBRC’s eco-friendly food packaging market growth analysis shows that this is primarily driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working, and the closure of business activities which resulted in operational difficulties. The market should reach $280.10 billion in 2026 at a CAGR of 7.3%.

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Market trends in eco-friendly food packaging

Technological advancement is a key trend that is gaining popularity in the green packaging market. The major players in the eco-friendly food packaging market are focusing their efforts on creating innovative technologies to migrate towards eco-friendly food packaging solutions to reduce environmental impact and keep plastic out of the landfills and seas. For example, in July 2019Nestle, a Switzerland-a New York-based food company introduced new recyclable paper packaging for its YES! snack bars using high-speed packaging technology. The opportunity for recyclable paper packaging to be widely used in the confectionery industry has been unlocked as a result of this launch. Until now, the only way to produce shelf-stable snacks at fast speeds was to use plastic films and laminates. The paper can now be used in large quantities while maintaining product quality and freshness throughout its shelf life.

Key players in the eco-friendly food packaging industry

The key players in the eco food packaging market are Amcor, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak, BASF, Huhtamaki Oyj, Westrock, Smurfit Kappa Group, Sonoco, Evergreen Packaging, Elopak, Winpak Ltd., Printpak, PaperFoam bv, Be Green Packaging, DS Smith plc, DuPont and Crown Holdings Inc.

Eco-friendly food packaging market segmentation

The main types of environmentally friendly food packaging are recycled content packaging, reusable packaging and degradable packaging. Degradable ecological food packaging replaces polymers derived from petrochemicals. Common biodegradable materials used in food packaging are chitosan, starch, gelatin-cellulose and polylactic acid. The different materials include paper and cardboard, metal, glass, plastic, etc. and use various techniques such as active packaging, molded packaging, multi-purpose packaging, alternative fiber packaging. The various applications of these packaging include food and beverages, bakery and confectionery, dairy products, meat products, fruits and vegetables, ready meals and others.

Learn more about the Environmentally Friendly Food Packaging Market report

Check out similar reports on the Green Food Packaging Market:

Global Converted Paper Products Market Report 2021 – By Type (Cardboard Container, Sanitary Paper Product, Stationery Products, Paper Bag, and Coated & Treated Paper), By End Use (Packaging & Packaging, Catering, Printing) , COVID-19 Impact and Recovery

Global Advanced Packaging Technology Market Report 2021 – By Type (3D IC, 2D IC, 2.5D IC), By Product (Active Packaging, Smart & Smart Packaging), By End-Use Industry (Automotive and transportation, consumer electronics, industrial, IT and telecommunications), growth and change related to COVID-19

Global Flexible Plastic Packaging Market Report 2021 – By Type (Stand-Up Pouches, Flat Pouches, Rolls, Gusseted Bags, Teller Bags, Packaging), By Technology (Flexography, Rotogravure, Digital Printing), By Application (Food, beverages, pharmaceuticals and health care, personal care and cosmetics), growth and change related to COVID-19

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