BEIJING, June 23, 2022 (GLOBE NEWSWIRE) — The Global Zero waste packaging market the size accounted for USD 1,722 million in 2021 and is expected to reach USD 3,591 million by 2030, growing at a CAGR of 8.7% from 2022 to 2030.

The rapid transition to sustainable packaging solutions is an important trend in the zero waste packaging market that is driving demand worldwide. Since the e-commerce boom, consumers are increasingly aware of the brands they support and their environmental impact. According to the World Economic Forum Organization, only 9% of the more than 300 million tonnes of plastic waste produced has been recycled to date. Plastic packaging accounts for half of all plastic waste produced globally, of which only around 16% – less than a fifth – is reprocessed and recycled. The same organization says the packaging is as important as the product itself, with more than 78% of consumers in the United States preferring to buy a product clearly labeled “environmentally friendly”. Sustainable packaging uses less material, produces less waste and has a lower environmental impact. As a result, considering all these aspects, a rapid demand is seen for sustainable and zero waste packaging solutions.

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Impact of Covid-19 on the global zero waste packaging industry

COVID-19 has had an unprecedented and staggering global impact with zero waste packaging market revenue declining across all regions due to the pandemic. Lockdowns have had a significant impact on long-standing industrial transformation processes. The impact on supply and reduced investment in the global zero waste packaging market has caused major disruptions in supply chains and business strategies. However, the impact of the pandemic on the food and beverage industry was quite different. Following the Covid-19 outbreak, many catering establishments have increased their use of zero waste packaging materials. During and after the lockdown, a large number of people turned to online grocery shopping, which increased the demand for zero waste packaging. Because the development of eco-friendly packaging is a global goal to address the social and cultural challenges of climate change action, environment and raw materials, the zero waste packaging market share is expected to increase in the years following COVID-19.

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Global dynamics of the zero waste packaging industry

Growing government efforts to ban single-use plastic are expected to fuel market demand. Single-use plastics have been banned in many countries around the world. This is a major concern for the food and beverage industries. According to major players in the beverage industry, alternatives to single-use plastics are not yet commercially viable. The critical demand for new solutions to an age-old crisis is expected to create significant innovation opportunities for players in the zero waste packaging market.

The use of plastic has quadrupled over the past 30 years, due to growing demand in developing markets. Between 2000 and 2019, global plastics production more than doubled to 460 million tonnes. Plastics are responsible for 3.4% of global greenhouse gas emissions. Global production of plastic waste has more than massively increased to 353 million tonnes between 2000 and 2019. Plastics with a lifespan of less than five years account for nearly two-thirds of all plastic waste, with packaging accounting for 40%, consumer goods 12%, and clothing and textiles representing 11%.

Plastic waste is only recycled in 9% of cases. 50% are buried, 19% burned, 22% escape the waste management channels and end up in open pits, wild dumps, aquatic or terrestrial environments, particularly in emerging countries. quickly in order to save the environment and the animals.

Scope of the global zero waste packaging market

The zero waste packaging market is divided into four categories: type, end user, distribution channel and geography. The type segment is further categorized into reusable goods, compostable goods, and edible goods. Among them, the compostable products segment generated considerable revenue in the zero waste packaging market in 2021.

By end-user, the market is divided into food and beverage, personal care, healthcare, and other (industrial, etc.). Among these, the food and beverage segment held the leading zero waste packaging market shares in 2021.

Based on distribution channels, the industry is divided into specialty stores, supermarkets/hypermarkets, online channels and others. Based on our analysis, the supermarket/hypermarket segment garnered a major share in 2021. Meanwhile, the online channel segment witnessed a substantial growth rate throughout the forecast period, due to factors such as the rise of the e-commerce industry and growing demand. of the COVID-19 pandemic.

Regional position of the zero waste packaging market

By region, zero waste packaging market segmentation is made up of North America, Asia-Pacific, Latin America, Europe, Middle East & Africa. North America dominated the market with the highest market share. Growing demand for sustainable solutions, along with progressive environmental initiatives such as banning plastics, is expected to drive significant market growth. Additionally, the region is seeing the widespread implementation of technologies such as 3D printing, which aims to reduce expenditure and improve quality for industry players in the near future. Meanwhile, the zero-waste packaging industry in Asia-Pacific is expected to grow at the fastest pace thanks to the many initiatives launched by governments in recent years to promote sustainable packaging.

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Rivalry in the zero waste packaging market

Leading zero waste packaging companies profiled in the report include Aarohana Ecosocial Development, Avani Eco, Biome, GO Box, Lifepack, Loliware, Loop Industries Inc., Package Free, PulpWorks Inc., and World Centric.

Browse more packaging industry research topics:

The Global alcohol packaging market The size accounted for US$61,983 million in 2021 and is expected to reach US$78,205 million by 2030 with a considerable CAGR of 2.7% during the forecast period of 2022 to 2030.

The Global Medical flexible packaging market is expected to grow at a CAGR of approximately 6.6% from 2020 to 2027 and is expected to reach a market value of approximately US$20.5 billion by 2027.

The Global plastic packaging market is expected to reach a market size of around US$500 billion by 2027 and is expected to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020-2027.

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