Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Global Market for Sustainable Plastic Packaging Projected to Reach $122.4 Billion by 2029

This image opens in the lightbox

News provided by

BCC Research LLC

10 Oct, 2024, 16:14 GMT

Share this article

Share toX

Share this article

Share toX

BCC Research Study Forecasts 7.2% CAGR, with Global Market Growth from $86.6 Billion in 2024 to $122.4 Billion by 2029, Driven by Global Push for Green Packaging: Tax Breaks and Bioplastic Demand Fuel Shift Towards Sustainable Solutions.

BOSTON, Oct. 10, 2024 /PRNewswire/ -- "According to the latest BCC Research study, the demand for "Sustainable Plastic Packaging: Global Markets" is expected to grow from $86.6 billion in 2024 to $122.4 billion by the end of 2029, at a compound annual growth rate, or CAGR (Compound Annual Growth Rate), of 7.2% from 2024 to 2029."

The global sustainable plastic packaging market is analyzed by segmenting it based on packaging type and end user, with projections spanning from 2024 through 2029. The market is divided into three primary packaging types: recycled packaging, reusable packaging, and bioplastic packaging. Recycled packaging is further categorized into R-PET, R-PE, R-PP, R-PS, and others, including R-PVC and R-PLA. Bioplastic packaging is segmented into biodegradable and non-biodegradable options. Additionally, the market is segmented by end-user into food and beverage, industrial and chemical, healthcare, personal and home care, and others. This analysis is conducted at global and regional levels, with revenue estimates in millions of U.S. dollars, using 2023 as the base year.

This report is especially timely and relevant due to the rapid advancements in technology that are significantly reshaping the sustainable plastic packaging industry. Innovations in bioplastic packaging have led to enhanced material properties, more efficient production processes, and improved scalability, which together make bioplastics increasingly competitive in the market while offering a more environmentally friendly alternative to traditional plastics. Furthermore, the field of plastic recycling has seen transformative progress, particularly with the advent of advanced recycling technologies that have increased the efficiency and effectiveness of the recycling process. One of the most promising developments is chemical recycling, which has the potential to recover over 50 million tons of plastic packaging waste that was previously considered non-recyclable. This method is particularly well-suited for a variety of packaging formats, including rigid products like bottles as well as both simple and complex films, thereby broadening the scope and applicability of recycled plastics in the packaging industry. These technological advancements underscore the growing importance and viability of sustainable plastic packaging solutions in addressing global environmental challenges.

Please click here for more details on "The global market for sustainable plastic packaging Report."

The following factors drive the global market for sustainable plastic packaging:

Increasing Consumer Preference for Bioplastic: As environmental awareness grows; consumers are increasingly seeking products with a lower ecological footprint. Bioplastics, made from renewable resources like corn starch and sugarcane, are becoming more popular due to their ability to reduce reliance on fossil fuels and lower carbon emissions. This trend is pushing companies to incorporate bioplastic packaging into their product lines to meet consumer demands for sustainable options.

Use of Bio-Based Flexible Materials for Primary Packaging: The use of bio-based flexible materials, such as plant-derived films and wraps, is on the rise in primary packaging. These materials provide the same functionality as conventional plastics but with the added advantage of being more environmentally friendly. Often compostable or biodegradable, bio-based flexible packaging helps minimize plastic waste and pollution, aligning with sustainability goals.

Post-Consumer Recycled Plastic Packaging Demand Increases: The demand for packaging made from post-consumer recycled (PCR) plastics is growing steadily. This approach involves reclaiming used plastics and transforming them into new packaging products. By utilizing PCR plastics, companies can significantly reduce plastic waste in landfills and oceans, while also conserving resources through the reuse of existing materials.

Reusable Packaging to Achieve Efficiency and Environmental Goals: Companies are increasingly adopting reusable packaging solutions to boost efficiency and meet sustainability targets. This includes packaging that can be returned, refilled, and reused multiple times, such as glass bottles, metal containers, and sturdy plastic crates. Reusable packaging not only cuts down on single-use plastics and waste generation but can also offer cost savings over time through repeated use.

Request a sample copy of the global market for sustainable plastic packaging reports:

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast Period considered

2024-2029

Base year market size

$81.6 billion

Market Size Forecast

$122.4 billion

Growth rate

CAGR of 7.2% from 2024 through 2029

Segment Covered

By Packaging Type, End User, and Region

Regions covered

North America, Europe, Asia-Pacific, and the Rest of the World (the Middle East and Africa, and Latin America)

Key Market Drivers

•  Increasing consumer preference for bioplastic

•  Use of bio-based flexible materials for primary packaging

•  Post-consumer recycled plastic packaging demand increases

•  Reusable packaging to achieve efficiency and environmental goals

Key Interesting Facts About the global market for sustainable plastic packaging:

  • Eco-Friendly Packaging: Increasing focus on recyclable, simple, and waste-reducing designs.
  • P&G's Initiative: Head & Shoulders Beach Plastic Bottle uses recycled beach plastic.
  • Sustainability Effort: Highlights commitment to closing the loop on plastic waste.
  • Trend: Growing emphasis on sustainable packaging solutions in the industry.

The global market for sustainable plastic packaging report includes in-depth data and analysis addressing the following important queries:

1.  What is the projected market size and growth rate of the market?

  • The sustainable plastic packaging market is projected to grow from $81.6 billion in 2023 to $122.4 billion in 2029 at a compound annual growth rate (CAGR) of 7.2% during the forecast period.

2.  What are the key factors driving the growth of the market?

  • The key factors driving the growth of the sustainable plastic packaging market include:
    • Increasing consumer preference for bioplastic.
    • Growing use of bio-based flexible materials for primary packaging.
    • Post-consumer recycled plastic packaging demand increases.
    • Growth in reusable packaging to achieve efficiency and environmental goals.

3.  What segments are covered in the market?

  • The sustainable plastic packaging market is segmented based on packaging type, end-user application, and region.

4.  By packaging type, which segment will dominate the market by the end of 2029?

  • The recycled packaging segment will dominate the market by the end of 2029 in terms of value.

5.  Which region has the highest market share in the market?

  • Europe holds the highest share of the market by value. A few major factors propelling the European market are the presence of several sustainable plastic packaging manufacturing companies in the region, technological advancements, and stringent regulation on the use of single-use plastic packaging.

 Some of the Key Market Players Are:

  • CONSTANTIA FLEXIBLES
  • AIM REUSABLE PACKAGING LLC.
  • AMCOR PLC
  • BERRY GLOBAL INC.
  • GEORG UTZ HOLDING AG
  • MONDI
  • NATUREWORKS LLC.
  • PLASTIPAK HOLDINGS INC.
  • SWAPBOX BV
  • TIPA LTD.
  • 3M
  • ARKEMA
  • BASF SE
  • BRASKEM
  • TOTALENERGIES CORBION

Browse More Related Reports:

Plastics Recycling: Global Markets: This report comprehensively analyzes the global plastic recycling market from 2024 to 2029, with 2023 as the base year. It covers qualitative and quantitative insights into the market segmented by plastic type including PET, HDPE, LDPE, LLDPE, PP, and others. The market is further analyzed by end-use industries such as packaging, construction, transportation, and others, and by recycling technologies including mechanical and chemical processes. Geographically, the study encompasses Asia-Pacific, Europe, North America, and the Rest of the World (RoW). Revenue forecasts are provided for plastic recyclers engaged in offering recycling services and selling recycled plastics, aiming to provide a detailed understanding of market dynamics, trends, and growth opportunities across different segments and regions.

Plastics for Healthcare Packaging: This report provides an in-depth analysis of the global plastics for healthcare packaging market, segmented by resin and product packaging, with estimates and forecasts from 2023 through 2028, using 2022 as the base year. The market is evaluated in terms of both volume (kilo tons) and revenue (millions of U.S. dollars). Based on resin, the market is classified as polypropylene, HDPE, polystyrene, and copolymers, LDPE/LLDPE, PVC, PET, and others, with polypropylene emerging as the dominant segment. In terms of product packaging, the market is segmented into containers, caps and closures, vials, IV bags, prefilled syringes, blister packs, bags/pouches, medication tubes, prescription containers, and others, providing a detailed overview of the market dynamics at both global and regional levels.

Directly purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research provides objective, unbiased measurement, and assessment of market opportunities with detailed market research reports. Our experienced industry analysts' goal is to help you make informed business decisions, free of noise and hype.

Contact Us

Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA

Email: info@bccresearch.com,

Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

Logo - https://mma.prnewswire.com/media/2183242/4961680/BCC_Research_Logo.jpg

Modal title

Also from this source

Carbon Capture & Storage: The Key to a Greener Future

Carbon Capture & Storage: The Key to a Greener Future

According to the latest study from BCC Research, the demand for Carbon Capture, Utilization & Storage Technologies is grow from $3.4 billion in 2024...

Chemicals for Cosmetics & Toiletries to Reach $35.0 Billion by 2029: Global Market Trends

Chemicals for Cosmetics & Toiletries to Reach $35.0 Billion by 2029: Global Market Trends

According to the latest study from BCC Research, "Global Markets for Chemicals for Cosmetics & Toiletries" is expected to grow from $27.7 billion in...

More Releases From This Source

Explore

Environmental Products & Services

Environmental Products & Services

Paper, Forest Products & Containers

Paper, Forest Products & Containers

Conservation & Recycling

Conservation & Recycling

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.