Plastic Free Packaging Market Future Growth, Size, Share, Industry Demand, Trends and Forecasts 2032
The plastic-free packaging market is expected to experience significant growth during the forecast period. This type of packaging involves the use of eco-friendly materials, such as paper, metal, wood, glass, and other reusable substances, in place of plastics. Companies are increasingly adopting these sustainable alternatives to create environmentally friendly and recyclable products.
Plastic-free packaging addresses the drawbacks associated with traditional plastic packaging, promoting a more sustainable environment, which in turn drives market growth. Additionally, growing consumer awareness about plastic waste and its detrimental effects on the environment is anticipated to further fuel market expansion during the forecast period.
Fortune Business Insights mentioned this in a report titled, “Plastic-Free Packaging Market, 2024-2032.”
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List of Key Players Present in the Report:
- Rawlings (U.S.)
- WestRock Company (U.S.)
- Amcor plc (Australia)
- Ardagh Group S.A. (Luxembourg)
- HUBER Packaging Group GmbH (Germany)
- EnviGreen (India)
- Sonoco Products Company (U.S.)
- Orora Packaging Australia Pvt. Ltd. (Australia)
- Beatson Clark (England)
- ALL Packaging Company (U.S.)
- Ball Corporation (U.S.)
- Crown Packaging (U.S.)
Segments
By material, the market is segmented into paper, glass, metal, and aluminum foil.
By packaging type, the market is divided into pouches, boxes & cartons, bottles, blisters, trays, and others.
Based on end user, the market is characterized into food & beverages, pharmaceutical, personal care & cosmetics, consumer goods, and electrical & electronics.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Growing Luxury Products Sales to Boost Market Growth
The increasing sales of luxury products, such as alcohol and perfumes, and the increasing e-commerce industry expansion are expected to propel the plastic-free packaging market growth during the forecast period. The increase in different end-users of sustainable packaging and increasing investments by food and beverage companies in sustainable packaging propels market expansion.
However, the fluctuation of high raw material prices and poor infrastructure facilities are the main factors impeding market growth. Lack of awareness among the end users related to the importance of sustainability in several emerging economies is expected to limit market growth.
Regional Insights
Presence of Large Paper Boarding and Glass Packaging Industries to Drive Market Growth in Asia Pacific
Asia Pacific holds the largest plastic-free packaging market share during the forecast period. The growth is attributed to the presence of large paper boarding and glass packaging industries in China, India, and South Korea.
North America is estimated to witness rapid growth in the market during the forecast period. The growth is attributed to the government’s significant efforts regarding plastic waste in the region.
Competitive Landscape
Increasing Key Players’ Focus on New Product Launches to Drive Market Growth
The plastic-free packaging market comprises key market players, such as Rawlings, Amcor plc, HUBER Packaging Group GmbH, and others. The increasing focus of these key market players in launching new packaging products to maintain a competitive edge in the market is expected to drive market growth during the projected period.
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Key Industry Development
June 2022 – Germany-based chemical and consumer goods company Henkel launched plastic-free blister packaging for its consumer adhesives portfolio. The blister packaging is produced using at least 85% recycled paper, and it is used for the company’s Pritt glue brand.
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