The sustainable packaging providers landscape has transformed significantly since the drastic increase in environmental pollution due to carbon emissions generated through conventional packaging materials. Sustainable packaging is a type of packaging that is safe for individuals, as well as the environment, while meeting all the necessary requirements for cost and ease of fabrication. Over time, to reduce the impact on environment, many companies and individuals are shifting towards sustainable materials for packaging. During our research, we identified over 110 sustainable packaging companies offering products and / or services related to sustainable packaging in the market.
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.
Majority of the players offering sustainable packaging products and / or services have been established between 1991-2020, indicating the rise in interest of stakeholders in this domain due to increased environmental awareness. Further, owing to increased preference towards circular economy and utilization of reused, recycled and composted raw materials, many start-ups have emerged in the sustainable packaging domain, in the past few years. Notable examples of firms established between post-2010, include (in reverse chronological order of their year of establishment, no selection criteria) BioChill (2022), Packsquare (2021), PackLion (2020), Packtonet Solutions (2019), True pharmacia (2016), WestRock (2015), Billerud (2012) and Emenac Packaging (2011).
Majority of the sustainable packaging providers are ISO 9001 certified, followed by those certified with ISO 14001 (66%). Examples of the companies accredited with both ISO 9001 and ISO 14001 certification (in alphabetical order, established between 1991-2020) includes Billerud, Dutch-Bangla Pack, Pharmapac, Phoenix Flexibles, Stora Enso, V-Shapes, WestRock and Woolcool. This is followed by 19 companies accredited with ISO 15378 and one company (EPL) accredited with ISO 20400.
Further, maximum (91%) players offer recyclable sustainable packaging products and / or services. This can be attributed to the numerous advantages of using recyclable products including the reduced need for raw material harvesting, decreased waste generation and reduced carbon footprint. Notable examples of companies offering recyclable sustainable packaging products and / or services (in alphabetical order, accredited with ISO 15378 certification) include Berry Global, Constantia Flexibles, Liveo Research, Rotor Print, Stevanato and West Pharmaceutical Services. This is followed by the companies offering reducible (81%), biodegradable packaging (54%) products and / or services.
During our research, we came across several partnerships and collaborations that have been inked between different stakeholders in the sustainable packaging market.
The growing interest of various sustainable packaging providers in enhancing their service as well as product portfolios has led to a substantial increase in partnership activity in this domain. It is worth mentioning that the number of partnerships inked in this domain has increased over time at a CAGR of 13.1%, during the period 2019-2023.
Most of the deals were instances of acquisitions. The considerable share captured by acquisitions in this domain indicates that players are seeking opportunities to consolidate their respective portfolios. Examples of acquisitions include (in reverse chronological order, inked in 2024) the agreements signed between Coveris and S&K LABEL (February 2024), Mondi and Hinton Pulp mill (February 2024), Körber and Rondo-Pak (February 2024), Körber and Rondo-Pak (February 2024), and Constantia Flexibles and One Rock Capital Partners (January 2024). This is followed by product development agreements (23%) and supply agreements (9%).
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