Home / Packaging / Zero Waste

Zero Waste Packaging Market By Material Type (Re-usable Goods, Compostable Goods, Edible Goods), By Dist ribution Channel (Offline, Online), By End-user (Food & Beverages, Healthcare, Personal Care, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Key Market Insights

“Growing need for biodegradable and sustainable packaging solutions worldwide will boost market growth”

The global zero waste packaging market is rising immensely, anticipated to expand at a CAGR of 10.8% throughout the estimated period from 2019 to 2027, starting from US$ 1,496.7 Mn in 2018.

The global zero waste packaging market is majorly driven by the surge in the need for sustainable and biodegradable packaging solutions worldwide. The surge in the plastic waste generation coupled with growing environmental concerns across the globe are some of the major factors projected to enhance the global market demand during the forecast period. According to the World Bank report, in 2016, the world generated 242 Mn tonnes of plastic waste, which is around 12% of all solid waste generation.

The growing demand for zero waste packaging products from numerous industries such as food & beverages, healthcare, personal care, and others is estimated to drive the global market during the forecast period. The rapidly growing plastic recycling is another major factor for market growth during the forecast period. In 2018, global plastic recycling was estimated at nearly 29,438 Kilotons and is projected to expand at a CAGR of around 8.9% over the forecast period. The introduction of more advanced zero waste packaging products coupled with rising strategic collaborations among market players are further presumed to drive the market growth during the forecast period. For instance, in November 2018, Loop Industries, Inc. entered into a multi-year supply agreement with the Coca-Cola Systems CEPG (Cross-Enterprise Procurement Group), to supply 100% sustainable and recycled Loop PET plastic resin. With the agreement, Loop Industries, Inc. had increased their client-base and market share in the global zero waste management market.

Market Synopsis

Zero Waste Packaging Market

Get a sample copy for more information

Distribution Analysis

“Increasing need for recycled packaging to spur the segment growth”

In 2018, the offline segment dominated the global zero waste packaging market owing to the surge in need for recycled & biodegradable packaging solutions. The retail companies are collaborating with the zero waste packaging solution providers to decrease the use of plastic, which is projected to drive the segment growth during the forecast period. For instance, in November 2019, Virgin Megastore an international entertainment retailing chain collaborates with Avani Eco. Virgin Megastore bans plastic bags in their UAE stores and starts using customized Avani Bio’s Cassava bags. The bags are made from vegetable oil, organic resins and cassava starch that makes the product 100% biodegradable. The surge in consumer demand for sustainable packaging solutions is another major growth driver for the offline segment growth in years to come.

Zero Waste Packaging Market

Get a sample copy for more information

Regional Analysis

“The rising awareness among individuals to enhance North America growth”

In 2018, North America had the highest share in the global zero waste management market. North America contributed to more than 40% of the global market in the same year. The rising awareness among individuals coupled with the surge in environmental regulations and increasing waste generation are the major factors for regional growth. According to the World Bank, North America generates 289 Mn tonnes of waste annually. The U.S. accounted for the major share in the North America zero waste packaging market in 2018. The growing need for sustainable packaging solutions coupled with growing initiatives for zero waste solutions are the major factors for country growth. For instance, in December 2019, GO Box partnered with New York’s Citizen Committee and the A+E Networks. According to the agreement, the GO Box will launch a corporate reuse program for the A+E Networks employee cafeteria.

Zero Waste Packaging Market

Get a sample copy for more information

Key Industry Developments:

  • In September 2019, Loliware LLC launched plant-based straws, which starts decomposing after 18 hours of use. The plant-based straws are designed to disappear when thrown away. The plant-based straws are not soggy, not use any kind of paper or wood products that makes it more environment friendly. 
  • In February 2019, Loop Industries, Inc. signed a multi-year supply agreement with the world’s leading food & beverage company Danone S.A. In this agreement, the Danone S.A. will purchase 100% upcycled and the sustainable Loop branded PET for use in its product portfolio.
  • In March 2018, World Centric launched a plant-based, 100% tree-free compostable Pizza container. The aforementioned container will reduce packaging waste, space needs, as well as sogginess & grease which is common with traditional cardboard boxes. The compostable Pizza container is made up of 20% bamboo and 80% sugarcane material, which both are biodegradable and sustainable.

List of Companies Covered:

  • Loop Industries, Inc.
  • PulpWorks, Inc.
  • Avani Eco
  • Loliware LLC
  • Aarohana EcoSocial Developments
  • Package Free LLC
  • Go Box
  • World Centric
  • Biome Technologies Plc
  • Biogusto
  • Smartpaddle Technology Pvt. Ltd. (Bizongo)
  • RECUP

Zero Waste Packaging Market

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 Material Type (2017–2027; US$ Mn)
 • Re-usable Goods
 • Compostable Goods
 • Edible Goods

 Distribution Channel (2017–2027; US$ Mn)
 • Online
 • Offline

 End-user (2017–2027; US$ Mn)
 • Food & Beverages
 • Healthcare
 • Personal Care
 • Others (Consumer Products, Confectionary, etc.)

 Geography (2017–2027; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, France, Spain, Italy, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall zero waste packaging market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the zero waste packaging market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What are the drivers of the zero waste packaging market?
  • Notable developments going on in the zero waste packaging market.
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Choose License Type
Published Date:  Mar 2020
Category:  Packaging
Report ID:   60234
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Connect With Us
+1-408-641-3282
24/7 Research Support