Zero-Waste Packaging Market Expected To Reach US$ 2,490.6 Million By 2033, Fueled By Eco-Conscious Consumer Demand | FMI

(MENAFN- GlobeNewsWire - Nasdaq) NEWARK, Del, Sept. 18, 2023 (GLOBE NEWSWIRE) -- During the historical period from 2018 to 2022, the zero-waste packaging market registered a CAGR of 5.8%, demonstrating its substantial expansion over time. The market reached a worth of US$ 984.9 million by the end of the year 2022.

The market is forecast to reach US$ 1,071.6 million in 2023. It is expected to register a phenomenal CAGR of 8.8% from 2023 to 2033. The report further expects this value to reach new heights by 2033, totaling US$ 2,490.6 million.

The increasing demand for environmentally friendly and sustainable packaging options is one of the main factors causing the zero-waste packaging business to expand quickly. Additionally, a few nations significantly influence the adoption of zero-waste packaging worldwide. The top 3 countries are anticipated to have a market share of 35% to 40% in 2023, highlighting their impact on the global market.

Empower your B usines s with the Right Strategies! Request a report sample to Make I mpactful Decisions :

Consumers and businesses alike are becoming more aware of the significance of minimizing plastic waste and using ecologically friendly packaging alternatives. However, this rising awareness has increased demand for zero-waste packaging, creating sizable commercial prospects for zero-waste packaging manufacturers.

Despite the immense possibilities and development potential, the increased manufacturing costs linked to sustainable materials and methods are one of the main obstacles.

Manufacturers of zero-waste packaging solutions may struggle to keep prices low while upholding environmentally favorable standards, particularly in developed economies. In comparison, the absence of uniform rules and recommendations for zero-waste packaging in some areas may breed doubt and hinder implementation in many emerging economies.

Key Takeaways from the Global Zero-waste Packaging Market Study Report by FMI

  • The demand for zero-waste packaging in the United States and Canada is higher, making North America dominate the global market.
  • Among the countries worldwide, the United States alone presently contributes nearly 20% of the global revenue share.
  • By 2033, the zero-waste packaging industry in Europe is predicted to be valued at US$ 315.6 million.
  • While Germany is expected to remain the market leader, the demand for zero-waste packaging solutions in the United Kingdom could expand at a faster rate.
  • The sustainable development movement presents considerable commercial prospects for businesses in Asia Pacific countries.
  • China and India are the two remarkably growing markets in sales of zero-waste packaging solutions and are expected to continue this trend until 2033.

“Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics , s ays an FMI a nalyst .

Request Report Metho dology to Know how we Gather and Analyze Data Effectively:

Competitive Landscape for the Zero-waste Packaging Market Players

Tetra Pak, World Centric, PulpWorks, TIPA, Avani Eco, Bizongo, Ecovative, Amatech, Berry Global, UFP Technologies, Amcor, and DS Smith are some top market players. By the end of 2023, the top 5 businesses are anticipated to control a sizeable portion of the market between 20 and 25 percent.

The manufacturers may face competition from traditional packaging options, which may continue to rule some markets by their cheaper costs and well-established supply networks.

The active engagement of several new market players in the sector further strengthens the competitive landscape. This suggests the strategic choices these businesses make may greatly impact how the zero-waste packaging industry could function as a whole.

Key Companies Profiled

  • Tetra Pak
  • World Centric
  • Loop Industries Inc.
  • PulpWorks Inc.
  • TIPA Corp
  • Avani Eco
  • Bizongo
  • Hero Packaging
  • Ecovative LLC
  • Amatech Inc.
  • Berry Global Group
  • UFP Technologies Inc.
  • Amcor Plc.
  • DS Smith Plc.

Zero-waste Packaging Market Outlook by Category

By Product Type

  • Reusable Packaging
  • Compostable Packaging
  • Edible Packaging

By Distribution Channel

  • Online
  • Offline

By End Use

  • Food & Beverages
  • Healthcare
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Others (Automotive, Consumer Durable, etc.)

By Region

  • North America
  • Latin America
  • Europe
  • The Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

Build a Future- proof Busines s! Buy Now to Get a Closer Look at the Market :


Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging . Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

Explore Trending Reports of Packaging

Sustainable Packaging Market Size : The sustainable packaging market is projected to achieve a value of US$ 266.4 billion by 2023, driven by a robust CAGR of 7.2% over the forecast period. Looking ahead, the market is anticipated to sustain its growth trajectory and surpass US$ 533.9 billion by 2033

Biodegradable Packaging Market Share : According to Future Market Insights research, during the projected period, the global biodegradable packaging market is expand at a CAGR of 6.1% during 2022-2032.

Next Generation Packaging Market Demand : The global next-generation packaging market would witness a leap of growth at a CAGR of 6.1% between 2022 and 2032, reaching US$ 49.3 Billion between 2022 and 2032.

Barrier Packaging Market Trends : The barrier packaging market is set to expand its roots at a CAGR of 5.5% during 2022-2032. The market is expected to cross a value of US$ 10.7 billion by 2032.
Senior Friendly Packaging Market Growth : A new projection of FMI forecasts that senior-friendly packaging sales will rise from 2022 to 2032 and is projected to generate an attractive incremental growth opportunity of US$ 7.6 Billion.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705

For Sales Enquiries:

LinkedIn | Twitter | Blogs | YouTube

Tags Zero-waste Packaging Market Zero-waste Packaging Related Links
  • Waterproof Packaging Market
  • Disposable Food Containers Market
  • Cup Sleeves Market
  • Metallized Rollstock Film Market
  • Fresh Produce Trays Market
  • Bulk Liquid Transport Packaging Market
  • Cartoning Machines Market
  • Middle East & Africa Stick Packaging Machines Market
  • Thermochromic Labels Market
  • Breathable Lidding Film Packaging Market
  • Box Liners Market
  • Bag in Box Barrier Film Market
  • Capsule Filling Machines Market
  • Inclusion Bags Market
  • Sandwich Containers Market
  • Tea Infuser Market
  • Heavy duty Paper Tags Market
  • Sterile Packaging Market
  • Food Packaging Market
  • Case Erectors Market


GlobeNewsWire - Nasdaq

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.