Main companies covered by the Eco Food Packaging Market The searches are Amcor, Ball Corporation, BASF, Be Green Packaging, Berry Global, Crown Holdings Inc., DS Smith, DuPont, Elopak, Evergreen Packaging, Gwp Group, Huhtamaki Oyj, Mondi, Nampak, Paperfoam, Printpack Inc., Sealed Air Corporation, Smurfit Kappa Group, Sonoco Products Company, Sustainable Packaging Industries, Swedbrand Groups, Tetra Laval, Tetra Pak, Westrock Company and Winpak Ltdand other key market players.
North America Eco-Friendly Food Packaging Market held a market value of USD 48,658.4 Million in 2021 and is projected to reach USD 67,818.9 Million by 2030. The market is expected to register a CAGR of 5.3% during the forecast period.
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The global market size is the main topic of this report, with particular focus on North America, Europe, Asia-Pacific, South America, Middle East and Africa. Based on manufacturers, regions, types, and applications, this research divides the market into categories. Another extremely in-depth component of the global market research and analysis study included in the report is regional analysis. This section provides information on the expansion of several regional and national markets in terms of sales. It gives a comprehensive country-by-country volume analysis and region-by-region market size analysis of the global market for the historical and forecast period till 2028.
Eco-friendly food packaging refers to packaging that does not harm the environment. The market is expected to be driven by factors such as growing people’s awareness and consumer preference for recyclable and eco-friendly packaging materials. Additionally, the growing demand for packaged foods and ready-to-eat foods coupled with advancements in food packaging technology is also expected to drive the market growth.
Despite these driving factors, high cost of recycling processes and poor infrastructure are estimated to negatively hamper the growth of the market. Additionally, commodity price volatility is also expected to hamper the market growth. During the COVID-19 pandemic, the market has been severely affected due to the closure of hotels and restaurants and other food industries.
Growing people’s awareness and consumer preferences towards eco-friendly and recyclable packaging materials
Packaging is one of the most vital components of the food industry. It minimizes food waste and product leakage. The packaging industry has grown by leaps and bounds in recent years. However, the extensive use of single-use packaging containers has led to many adverse effects on the environment. To curb these harms, people favor recyclable and eco-friendly packaging. Rising awareness about these materials is expected to drive the growth of the market.
Advances in food packaging technology
The increasing technological advancements in the food packaging industry are expected to boost the market growth. These advancements include smart packaging, edible packaging, antimicrobial packaging, self-cooling and self-heating packaging, water-soluble packaging, flavor and odor absorbers, and micro-packaging, among others. The increasing adoption of all these food packaging technologies is expected to fuel the growth of the market.
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Presentation of the segments:
The North America eco-friendly food packaging market is segmented into material type, packaging material, product, and applications.
By type of material
The biodegradable segment is expected to hold the largest share of around 19% owing to their strong preference due to negligible impact on the environment. The segment of non-toxic materials is believed to be growing fastest as they have no adverse effects on human health.
By packing material,
Paper and cardboard
o Polylactic acid (PLA)
The paper and paperboard segment is expected to hold the largest share and surpass $26,700 million by 2027. This is due to their degradable nature and strong preference in the food and beverage industry. The bubble wrap segment is expected to grow at a CAGR of 7.4% during the forecast period.
Boards and trays
Cartons of milk and other beverages
The cartons and trays segment is estimated to hold the largest share of around 32% owing to their high demand, while the jars segment is expected to grow at the fastest rate and surpass $2 trillion by 2022 .
food and drinks
Bakery & Confectionery
The food and beverage segment is expected to hold the largest market share as consumers prefer convenient food solutions due to lack of time. Additionally, reusable and recyclable packaging materials are commonly used for beverage packaging, which is also driving the growth of the market. The bakery and confectionery segment is expected to grow at the fastest rate over the projected period.
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On a regional basis, the North American eco-friendly food packaging market is segmented into the United States, Canada, and Mexico.
The United States region accounted for the largest market share owing to the presence of major key players in the country. The market in Canada and Mexico is also expected to witness significant growth rates owing to the increasing adoption of eco-friendly food packaging materials in the countries.
The top 13 market players are expected to hold around 33% market share. These market players are involved in collaborations, mergers and acquisitions, and new product launches to boost their presence in the market. For example, in August 2021, Amcor partnered with Michigan State University for energy innovation and talent in sustainable packaging. The company has invested $10 million in this partnership.
The North America Eco-Friendly Food Packaging Market report provides pointer insights below:
Market penetration: Provides comprehensive market insights offered by major players
Market development: The report offers detailed information on lucrative emerging markets and analyzes penetration in mature segments of the markets.
Market Diversification: Provides detailed information on untapped geographies, recent developments and investments
Assessment of the competitive landscape: Mergers and acquisitions, certifications, product launches in the North America Eco-Friendly Food Packaging market have been provided in this research report. In addition, the report also emphasizes on the SWOT analysis of key players.
Product development and innovation: The report provides intelligent insights into future technologies, R&D activities and breakthrough product developments
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The North America Eco-Friendly Food Packaging Market report answers questions like:
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What is the market share of the major players in the North America eco-friendly food packaging market?
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