Sustainable Packaging Market Comprehensive Statistics, Growth Rate, and Future Trends 2035

Over the past few years, sustainable packaging has proven to bring a paradigm shift for packaging in the healthcare industry. There is a current surge in the demand for sustainable packaging, which can primarily be attributed to the several advantages offered by these solutions including decreased carbon dioxide emissions, thereby resulting in reduced environmental pollution.

The sustainable packaging market size is projected to grow from $9.67 billion in 2024 to $19.19 billion by 2035, representing a CAGR of 6.43%, during the forecast period till 2035.

The demand in the sustainable packaging industry was analyzed across several relevant parameters, such as type of packaging (primary, secondary and tertiary) and type of packaging containers (ampoules, bottles, boxes, cartons, cartridges, pouches, shippers, syringes and vials).

Our estimates suggest that, the demand for sustainable packaging is likely to grow at an annualized rate (CAGR) of 7.45%, during the given period. Further, the majority of the sustainable packaging market share (84%) of the overall demand is likely to be generated by primary sustainable packaging containers. This trend is unlikely to change in the foreseen future, owing to the fact that primary packaging containers are in direct contact with the product and plays an essential role to ensure the quality and hygiene of the product by safeguarding it against the contamination from environmental impurities. Additionally, within primary packaging containers the maximum share (41%) of the overall primary packaging demand is likely to be generated by vials in 2024 and the demand for vials is anticipated to grow at a relatively faster pace.

Sustainable Packaging Market Forecast and Opportunity Analysis
Over the past few years, there has been a significant change in consumer preferences towards sustainable packaging raw materials that are recyclable, biodegradable and reusable, such as wood, sugarcane, paper and other products. This paradigm shift can be attributed to the growing awareness of depletion of natural resources and alarming statistics of environmental pollution. In addition to this, regulatory bodies have started emphasizing more on promoting the development and adoption of sustainable packaging alternatives for pharmaceutical and healthcare products.
The forecasted opportunity was analyzed across several relevant parameters, such as type of eco friendly packaging (recyclable / reusable and biodegradable), type of packaging (primary, secondary and tertiary), type of packaging containers (ampoules, bottles, boxes, cartons, cartridges, pouches, shippers, syringes and vials), end-users (pharmaceutical and biotechnology companies, research institutes and other end-users) and key geographical regions (North America, Europe, Asia-Pacific, Middle East and North Africa, Latin America and Rest of the World).

In pursuit of gaining a competitive edge, companies are actively enhancing their existing capabilities to enhance their respective service and / or product portfolios and drive compliance to evolving industry benchmarks.
In this analysis, we have presented a detailed competitiveness analysis of various sustainable packaging companies identified during our research, which are based in North America, Europe and Asia-Pacific.

The companies considered in this sustainable packaging market analysis were scored on several relevant parameters, such as company strength (in terms of number of years of experience of a company and company size), portfolio strength (in terms of number of types of packaging, type of offerings, ISO certifications / accreditations, packaging material used and origin of packaging material) and portfolio diversity (number of types of eco friendly packaging and packaging applications). The primary purpose of this analysis was to develop a better understanding of the overall potential and capabilities of sustainable packaging companies. In addition, it provides a reliable framework for geographical benchmarking.

The approach used to compare the capabilities of sustainable packaging providers engaged in this domain has been briefly outlined below:
1. As a starting point, we collated information on over 110 companies that claim to provide sustainable packaging products and / or services.
2. These service providers were then segregated based on their location of headquarters (North America, Europe and Asia-Pacific).
3. Further, companies were ranked based on their company strength (in terms of number of years of experience of a company and company size), portfolio strength (in terms of number of types of packaging, type of offerings, ISO certifications / accreditations, packaging material used and origin of packaging material) and portfolio diversity (number of types of eco friendly packaging and packaging applications).
4. Using this data, the companies were plotted on a three-dimensional bubble chart, with company strength on abscissa, portfolio strength on the ordinate. Further, the size of the bubble was varied based on the portfolio diversity.
According to our proprietary scoring criteria, Takemoto Packaging emerged as the most competent sustainable packaging provider in terms of company strength as well as portfolio strength among the sustainable packaging providers in Asia-Pacific. The firm offers both products and services for sustainable packaging made up of natural and synthetic raw materials, such as corn, polyethylene, polypropylene, polyethylene terephthalate and sugarcane.

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