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North America Eco-Friendly Food Packaging Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

North America Eco-Friendly Food Packaging Market- (By Material Type- Biodegradable, Recyclable, Compostable, Reusable, Natural Fiber, Plant Based and Non- Toxic Material; By Packaging Material- Paper & Paperboard, Plastic, Glass, Corn Starch, Bubble Wrap Packaging, Metal, Rice Husk, Gelatin Films and Others; By Product- Boards & Trays, Bottles, Containers, Jars, Box, Milk & Other Beverage Cartons, Tub, Tableware and Others; By Applications- Food and Beverage, Bakery and Confectionery and Others; and By Country) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 06-May-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0522223
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

Eco-friendly packaging is also referred as green packaging, sustainable packaging or environment-friendly packaging. The packaging uses earth-friendly materials to pack a product. 

Eco-friendly packaging offers a sustainable and affordable alternative to plastic and foam disposables that have collectively caused untold damage to the environment and adversely impact human health. 

Paper & paperboard, starch-based, cellulose-based, polylactic acid (PLA), glass, cornstarch, bubble wrap packaging, metals, rice husk, gelatin films and others are some of the raw materials used for sustainable packaging.

In food industry, eco-friendly packaging is used to extend the shelf life of the products and act as a barrier from oxygen, water and odour, as well as can easily recycle.

In terms of the recent outbreak of the COVID-19 pandemic, the North America demand for the eco-friendly food packaging market is significantly reduced due to the reduced investments by government and private companies in packaging manufacturing. 

The expected growth rate of the North America eco-friendly food packaging market is 5.3%, with an estimated value of US$ 67,818.9 Million by 2027. 

Factors such as growing awareness among people and consumer preferences toward recyclable and eco-friendly packaging materials, increasing demand for packaged food and ready to eat food and advancements in food packaging technology will boost the market during the forecast period.

High cost of recycling processes and poor infrastructure is a restraining factor which inhibits the growth of the market during the forecast period.

The non-toxic material segment is expected to project the highest CAGR over the forecast period in the North America eco-friendly food packaging market. 

Material type, packaging material, product and application are the different segments of the North America eco-friendly food packaging market.

Rise in penetration of e-commerce sector provides a lucrative growth trend in the North America eco-friendly food packaging market. 

US holds the major share in terms of revenue in the North America eco-friendly food packaging market in 2021.

The key players operating in the market include Tetrapak, Mondi, DS Smith, Huhtamaki, Ball Corporation, Smurfit Kappa, Sonoco Products Company, International Paper, WestRock, Crown Holdings, Owens Illinois and Silgan Holdings among others.