The latest report by IMARC Group, titled “Zero Waste Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global zero waste packaging market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global zero waste packaging market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 9.0% during 2023-2028.
Zero Waste Packaging Market Overview:
Zero waste packaging is an eco-conscious solution designed to reduce waste, minimize pollution, and promote sustainability. This form of packaging is made from materials that can be easily recycled, reused, or composted, thus reducing the volume of waste sent to landfills or incinerators. The materials often used include glass, metal, and biodegradable or compostable plastics.
The objective is to create a circular economy where the end-of-life value of each product is optimized to extend its usability and decrease environmental impact. Used extensively across various industries like food and beverage, personal care, and e-commerce, zero waste packaging offers a more responsible option for businesses looking to uphold environmental values. As the global emphasis on sustainability grows, zero waste packaging is increasingly being viewed as an ethical choice and a business imperative underpinning the market’s expansion worldwide.
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Zero Waste Packaging Market Trends:
The escalating concern over environmental degradation majorly drives the global market. This is compelling both consumers and corporations to opt for sustainable practices. Legislation and regulations promoting eco-friendly packaging further incentivize businesses to adopt zero waste packaging solutions. Additionally, consumer awareness and demand for sustainable products are pushing the market forward. This growing consumer base is particularly focused on the food and beverage and e-commerce sectors, which are therefore witnessing a higher uptake of zero waste packaging solutions.
Besides this, innovation is another significant market driver. The development of new materials and designs that facilitate recycling or composting are making these solutions more accessible and practical. In addition, e-commerce platforms have also played a pivotal role in popularizing zero waste packaging by offering a variety of sustainable alternatives to traditional packaging. Market trends suggest a growing partnership between packaging companies and environmental organizations to authenticate the sustainability claims, thereby boosting consumer trust and market growth.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/zero-waste-packaging-market
Competitive Landscape:
- Avani Eco
- Biome Bioplastics Limited
- Ecovative Design LLC
- Evoware
- Hero Packaging (Taral Plastics)
- Loliware Inc.
- PulpWorks LLC
- TIPA LTD
- World Centric
Zero Waste Packaging Industry Segmentation:
Breakup by Material:
- Biopolymer
- Paper and Cardboard
- Others
Breakup by Type:
- Reusable/Recyclable Packaging
- Compostable Packaging
- Edible Packaging
Breakup by End Use:
- Food and Beverages
- Healthcare
- Cosmetics and Personal Care
- Electrical and Electronics
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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