Global Zero Waste Packaging Market Outlook to 2027 - Rising Need for Sustainable Packaging Methods, Increasing Concern for the Environment
DUBLIN, March 18, 2020 /PRNewswire/ -- The "Zero Waste Packaging Market Outlook & Projections, 2019-2027" report has been added to ResearchAndMarkets.com's offering.
The global zero-waste packaging market was valued at USD 1,312.16 million in the year 2018 and is anticipated to grow at a CAGR of 8.78% over the forecast period 2020-2027, owing to factors such as rising need for sustainable packaging methods, increasing concern for the environment and rising demand from end-use consumers. According to EPA, in 2017, plastic products as a municipal solid waste generated in the U.S. was 35.4 million tons, which was an increase by 4 million tons in-between the period 2010-2017.
The zero-waste packaging market consists of various segments that are segmented by material type, end-use industry, distribution channel and by region. Compostable goods forming part of material type segment, which was valued at USD 659.64 million in the year 2018, occupied the highest market share of 58.3% in 2018, which was the result of increasing levels of awareness among individuals in most parts of the world about the waste that remains on the land and the damage that can be caused to environment due to its presence.
Compostable products have been in higher demand for discarding of waste, as they are being viewed as a crucial alternative as compared to other disposable products. Additionally, the food and beverage segment, forming a part of the end-use industry, is anticipated to register the highest CAGR of 9.01% during the forecast period.
Based on region, the global zero waste packaging market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The market in North America, which registered a value of USD 460.56 million in the year 2018, is estimated to register the highest market share of around 40% over the forecast period, with greater awareness among the individuals in many regions of the world regarding the damage that the environment may suffer due to the gathering of waste into the environment by continuing with the adoption of conventional mode of packaging.
The market in the Asia-Pacific region is estimated to grow at the highest CAGR of 9.3% over the forecast period, as many steps initiated by various governments in the region to popularize and encourage the shift to sustainable packaging has been visible over the last decade, which is estimated to boost the growth of the market over the next decade.
Some of the key industry leaders in the global zero-waste packaging market are GO Box, World Centric, Biome, PulpWorks, Inc., Package Free, Lifepack, Avani Eco, Biogusto, Bizongo, Recup, Loop Industries, Inc. and Loliware.
Key Topics Covered
Global Zero Waste Packaging Market
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2. Assumptions And Abbreviations
3. Research Methodology
3.1. Research Objective
3.2. Secondary Research & Primary Research
4. Executive Summary - Global Zero Waste Packaging Market
5. Industry Value Chain Analysis
6. Technology Framework W.R.T Zero Waste Packaging
7. Regulatory Landscape
7.1. Manufacturing Standards & Compliances
8. Consumer Behaviour Analysis
9. Analysis Of Market Dynamics
9.1. Growth Drivers
9.2. Key Trends
10. Key Market Opportunities
11. Major Roadblocks For The Market Growth
12. Industry Risk Analysis
12.1. Demand Risk Analysis
12.2. Supply Risk Analysis
13. Global Zero Waste Packaging Market Outlook
13.1. Market Size And Forecast, 2018-2027
13.1.1. By Value (Usd Million)
13.2. Global Zero Waste Packaging Market Segmentation, 2018-2027
13.2.1. By Material Type
13.2.2. By End-use Industry
13.2.3. By Distribution Channel
13.2.4. By Region
14. Competitive Structure
14.1. Detailed Overview
14.2. Assessment Of Key Offerings
14.3. Analysis Of Growth Strategies
14.4. Exhaustive Analysis On Key Finacial Indicators
14.5. Company Profiles
14.5.1. Loop Industries Inc.
14.5.2. Avani Eco.
14.5.3. Aarohana Ecosocial Development
14.5.4. Package Free
14.5.5. Pulpworks, Inc.
14.5.6. Loliware
14.5.7. Biome Living Pty. Ltd.
14.5.8. Smartpaddle Technology Pvt. Ltd.
14.5.9. Other Prominent Players
15. Strategic Recommendations
- Investment Opportunities In The Market
- Geographical Opportunities
- Lucrative Competitive Strategies
For more information about this report visit https://www.researchandmarkets.com/r/ugdjtu
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