The global eco-friendly food packaging market is anticipated to grow at a CAGR of 7.5% during the forecast period. Packaging reusability is one of the key solutions to eliminating different types of pollution and helps to ensure environmental safety. Converting packaging waste into reusable packaging or degradable packaging is a high-profit opportunity for food packaging companies by cutting costs, meeting individual requires through customization, and improving customer experience. The companies are looking forward to improving their packaging solutions such as phasing out non-recyclable or hard-to-recycle plastics, increasing investment in the development of mono-material packaging, and adopting alternative materials.
Browse the full report description of “Eco-Friendly Food Packaging Market Size, Share & Trends Analysis Report by Material Type (Paper & Paperboard, Plastic, Metal, and Glass), by Packaging Type (Recycled Content Packaging, Degradable Packaging, and Reusable Packaging), and by Application (Beverages, Bakery and Confectionery, Dairy Products, Meat Products, Fruits and Vegetables, and Convenience Food) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/defense-integrated-antenna-market
For instance, in February 2022, PepsiCo strive to design 100% of our packaging to be recyclable, compostable, biodegradable, or reusable by 2025 and to invest to increase recycling rates in the market. The company supports different policies used to promote a more sustainable, circular economy for packaging, including well designed Extended Producer Responsibility (EPR) programs.
In Feb 2022, the Coca-Cola Co. announced an industry-leading goal to significantly boost its use of reusable packaging. By 2030, the company aims to have at least 25% of all beverages globally across its portfolio of brands sold in refillable/returnable glass or plastic bottles, or in refillable containers through a traditional fountain or Coca-Cola freestyle dispensers. Additionally, in February 2021, Unilever Co. stated that it has reduced its total virgin plastic packaging footprint since 2018 by around 16% or 112,000 to 599,000 tones. The company further aims to measure its total plastic packaging footprint and the amount of each type of plastic that they use. Unilever is working to measure and report data on plastic use in more Unilever markets.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Material Type
o By Packaging Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Amcor Plc, Ball Corp., BASF SE, Berry Global Inc., Crown Holdings Inc., Elopak AS, GWP Group Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Eco-Friendly Food Packaging Market Report Segment
By Material Type
By Packaging Type
By Application
Global Eco-Friendly Food Packaging Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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