Press release
Plant-Based Food Packaging Market 2024 - By Size, Competitive Landscape, Upcoming Trends And Outlook By 2033
The Business Research Company recently released a comprehensive report on the Global Plant-Based Food Packaging Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18430&type=smp
According to The Business Research Company's, The plant-based food packaging market size has grown rapidly in recent years. It will grow from $5.64 billion in 2023 to $6.39 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to increasing awareness of environmental issues, increasing demand for sustainable products, increasing consumer preference for sustainable packaging materials, increasing concerns about plastic waste, increasing demand for flexible packaging.
The plant-based food packaging market size is expected to see rapid growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to growing consumer preference for sustainability, growing demand for recyclable and biodegradable products, increase demand for bio-friendly packaging, increasing in concern regarding packaging waste in oceans and landfills, increasing adoption for eco-friendly packaging. Major trends in the forecast period include the growing use of green packaging, high demand for paper and paperboard packaging, adoption of smart packaging with freshness monitoring technology, adoption of sustainable packaging practices, and adoption of biodegradable and compostable packaging.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/plant-based-food-packaging-global-market-report
Market Drivers and Trends:
The growing adoption of online shopping is expected to propel the growth of the plant-based food packaging market going forward. Online shopping refers to the process of buying goods and services over the Internet. Online shopping allows consumers to purchase goods and services from the comfort of their own homes, eliminating the need to travel to physical stores. It saves time by providing a quick and easy way to browse, compare, and purchase products. Online shoppers increasingly seek eco-friendly options, prompting retailers to adopt plant-based packaging that offers customization and convenience, enabling brand differentiation. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, the first quarter of 2024 e-commerce estimate increased 8.5% from the first quarter of 2023, while total retail sales increased 2.8% in the same period. Therefore, the growing adoption of online shopping is driving the growth of the plant-based food packaging market.
Major companies operating in the plant-based food packaging market are advancing solutions with sustainable packaging practices to provide biodegradable alternatives to traditional plastic, thereby reducing waste and environmental impact. Sustainable packaging practices are ways of designing, producing, and disposing of packaging materials that reduce the ecological footprint by including eco-friendly, resource-efficient materials and procedures that encourage a circular economy. For instance, in March 2024, Donovan Bros Ltd., a UK-based provider of sustainable packaging solutions, launched mushroom-based packaging. It is an environmentally friendly and biodegradable food packaging solution that combines agricultural waste with mycelium to generate strong and compostable packaging. It is a flexible, edible, or compostable packaging alternative appropriate for various food goods. This innovative packaging enables a distinct 'unboxing' experience.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Amcor plc, WestRock Company, International Paper, Tetra Pak International S.A., DuPont, Stora Enso, Sealed Air, Huhtamaki, Mondi Group, Cascades Inc., Glatfelter Corporation, Genpak, Nordic Paper, Danimer Scientific, Good Natured Products Inc., Vegware, Sulapac Oy, Be Green Packaging, BioPak, TIPA LTD, WorldCentric.com, Sabert Corporation, Ecologic
Plant-Based Food Packaging Market 2024 Key Insights:
• The plant-based food packaging market size is expected to see rapid growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%.
• Online Shopping Surge Fuels Growth In The Plant-Based Food Packaging Market
• Innovative Biodegradable Solutions Revolutionize Plant-Based Food Packaging
• Europe was the largest region in the plant-based food packaging market in 2023 and is expected to be the fastest-growing region in the forecast period
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=18430&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18430&type=smp
According to The Business Research Company's, The plant-based food packaging market size has grown rapidly in recent years. It will grow from $5.64 billion in 2023 to $6.39 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to increasing awareness of environmental issues, increasing demand for sustainable products, increasing consumer preference for sustainable packaging materials, increasing concerns about plastic waste, increasing demand for flexible packaging.
The plant-based food packaging market size is expected to see rapid growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to growing consumer preference for sustainability, growing demand for recyclable and biodegradable products, increase demand for bio-friendly packaging, increasing in concern regarding packaging waste in oceans and landfills, increasing adoption for eco-friendly packaging. Major trends in the forecast period include the growing use of green packaging, high demand for paper and paperboard packaging, adoption of smart packaging with freshness monitoring technology, adoption of sustainable packaging practices, and adoption of biodegradable and compostable packaging.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/plant-based-food-packaging-global-market-report
Market Drivers and Trends:
The growing adoption of online shopping is expected to propel the growth of the plant-based food packaging market going forward. Online shopping refers to the process of buying goods and services over the Internet. Online shopping allows consumers to purchase goods and services from the comfort of their own homes, eliminating the need to travel to physical stores. It saves time by providing a quick and easy way to browse, compare, and purchase products. Online shoppers increasingly seek eco-friendly options, prompting retailers to adopt plant-based packaging that offers customization and convenience, enabling brand differentiation. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, the first quarter of 2024 e-commerce estimate increased 8.5% from the first quarter of 2023, while total retail sales increased 2.8% in the same period. Therefore, the growing adoption of online shopping is driving the growth of the plant-based food packaging market.
Major companies operating in the plant-based food packaging market are advancing solutions with sustainable packaging practices to provide biodegradable alternatives to traditional plastic, thereby reducing waste and environmental impact. Sustainable packaging practices are ways of designing, producing, and disposing of packaging materials that reduce the ecological footprint by including eco-friendly, resource-efficient materials and procedures that encourage a circular economy. For instance, in March 2024, Donovan Bros Ltd., a UK-based provider of sustainable packaging solutions, launched mushroom-based packaging. It is an environmentally friendly and biodegradable food packaging solution that combines agricultural waste with mycelium to generate strong and compostable packaging. It is a flexible, edible, or compostable packaging alternative appropriate for various food goods. This innovative packaging enables a distinct 'unboxing' experience.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Amcor plc, WestRock Company, International Paper, Tetra Pak International S.A., DuPont, Stora Enso, Sealed Air, Huhtamaki, Mondi Group, Cascades Inc., Glatfelter Corporation, Genpak, Nordic Paper, Danimer Scientific, Good Natured Products Inc., Vegware, Sulapac Oy, Be Green Packaging, BioPak, TIPA LTD, WorldCentric.com, Sabert Corporation, Ecologic
Plant-Based Food Packaging Market 2024 Key Insights:
• The plant-based food packaging market size is expected to see rapid growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%.
• Online Shopping Surge Fuels Growth In The Plant-Based Food Packaging Market
• Innovative Biodegradable Solutions Revolutionize Plant-Based Food Packaging
• Europe was the largest region in the plant-based food packaging market in 2023 and is expected to be the fastest-growing region in the forecast period
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=18430&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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