Food Green Packaging Market Size, Share & Industry Analysis, By Material (Paper & Paperboard, Plastic, Metal, Glass, Others), By Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging, Others), By Application (Food, Beverage) And Regional Forecast, 2024-2032

The green packaging is also known as eco-friendly packaging. It is available in different kinds of materials such as paperboards, plastics, glasses, and metals. The green food packaging can be bio-degradable, reusable, recycled, or a combination of the three. In addition, the product is safe, easy to use, non-toxic, strong, flexible, and resistant to temperature. It is also available in different shapes and sizes based on customer requirements. The food green packaging finds its use in the form of clamshell containers, plates, trays, cups, lids, and sushi trays. The green food packaging is utilized in both the food and beverage industries.

The rapidly growing food and beverage industries will fuel the food green packaging market during the forecast timeline. The adoption of the online platform to serve the food to customers, innovation in the food packaging, and rising packaged food and beverage demand on account of changing lifestyles are some of the factors that are fueling the growth in food & beverage industries. These factors further lead to the demand for eco-friendly packaging material. The product is mainly used in the packaging of bakery & confectionery, convenience food, meat, fruits & vegetables, dairy products, and beverages. Hence, rising food and beverage industries will propel the market growth.   

However, the poor infrastructure available for recycling processes and the high cost of recycling are anticipated to restrict the growth of the food green packaging market in underdeveloped regions.

Key Market Driver -

Rapidly growing food and beverage industries will aid to drive the market growth

Key Market Restraint -

High cost for recycling to restrict market growth

Market Segmentation:

Based on material, the food green packaging market is segmented into paper & paperboard, plastic, metal, glass, and others. Based on type, the market is segmented into recycled content packaging, degradable packaging, reusable packaging, and others. Based on application, the market is segmented into food and beverage. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the food green packaging market include Be Green Packaging Store, MrTakeOutBags, The Complete Package, Evirocor, Genpak, LLC, Sierra CoatingTechnologies LLC, Cascades, Silverstream Packaging LTD, Go Green Recyclable Packaging, Charoen Pokphand Foods PCL, Sustainable Packaging Industries, and Arla.  

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

Asia Pacific to witness the highest growth in the food green packaging market during the forecast period. The growth is attributed to the rising demand for the product in the food packaging. Further, the supportive government regulation over the adoption of recycled packaging will also help to propel the market growth in this region. The high adoption of paperboard and plastic to produce eco-friendly packaging will fuel the market growth in Europe. In North America, growth is due to the rising product demand in the beverage industry. Latin America and the Middle East & Africa are anticipated to witness significant growth, owing to the increasing adoption of plastic and glass material in the beverage industry.  

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Segmentation

Food Green Packaging Market Developments

• In January 2020, Nestle invested up to CHF 2 billion to lead the shift from virgin plastics to food-grade eco-friendly and recycled plastics. This will further help the company to achieve zero net greenhouse gas emissions by 2050 and to make its packaging reusable and recyclable.


• In December 2019, Cascades introduced a cardboard food tray in the North American market. The product is made from 100% recycled fibers. This launch will help the company to meet the Food and Drug Administration (FDA) requirements and to expand its eco-friendly food packaging line. 


• In October 2019, Charoen Pokphand Foods PCL introduced green packaging in the meat range. This launch will help the company to expand its business in Thailand and to provide a sustainable eco-friendly packaging solution to the customers.