South Korea Emerges as a Beacon of Sustainable Packaging Innovation Amidst Rising Environmental Concerns

The surge in e-commerce, popularity of Home Meal Replacement (HMR) products, and an increase in single-person households have fueled a steady rise in packaging waste in South Korea. More than 50% of the municipal solid waste is packaging waste, contributing to 46% of the total plastic waste. Faced with these alarming statistics, the Korean government enacted stringent recycling laws, compelling food and beverage companies to evaluate packaging materials based on recyclability.

Sustainable Packaging Market Overview:

The "Sustainable Packaging Market" is a specialized and extensive examination of the Sustainable Packaging market, with a particular emphasis on global market trends and analysis. The purpose of this study is to give an overview of the Sustainable Packaging market, as well as extensive market segmentation by connection type, end-use, and geography. During the projected period, the Sustainable Packaging market is predicted to develop rapidly. The research provides important information on the market position of the main Sustainable Packaging major players, as well as significant market trends and opportunities.

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Sustainable Packaging Market Scope:

The report employs a PORTER analysis to assess the market's leading competitors' strengths and weaknesses. The researcher conducts a thorough study of the Sustainable Packaging Market size, share, trends, total earnings, gross revenue, and profit margin to precisely anticipate the market and give professional insights to investors to keep them up to speed on market developments.

The analysis also focuses on the Global Sustainable Packaging market's key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the Sustainable Packaging Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire Sustainable Packaging Market Size from a global perspective by analyzing historical data and prospects. 

Sustainable Packaging Market Segmentation:

by Material Type

Paper and Paperboard
Plastics
Biodegradable
Bio-based
Aluminum
Others

In 2023, the paper and paperboard segment had the highest revenue share of 21.2%, determined by Material Type. An encouraging trend that indicates a rising understanding of the need for sustainable packaging solutions is the increasing demand for sustainable paper and paperboard materials for the import and export of packaging products. It is anticipated to increase in the upcoming years as a move towards a more sustainable future. Paper and paperboard are sustainable packing materials that Amazon has promised to use for its shipments. The company has implemented several eco-friendly packaging programmes, such as switching to paper-based cushioning materials in place of plastic ones and employing corrugated boxes with a high percentage of recycled content.

by Packaging Type

Rigid Packaging
Flexible Packaging

Regarding Packaging Type, the segment with rigid packaging held a notable 18.2% market share in 2023 and is anticipated to continue to do so during the projected period. A lot of businesses are making rigid packaging goods with sustainable materials.

by End User

Pharmaceutical and Healthcare
Cosmetics and Personal Care
Food and Beverage
Other End Users

The food and beverage segment held a significant market share of approximately 56.3% in 2023, and it is anticipated to continue growing over the forecast period, according to the End User. Many businesses are employing recycled plastics in their packaging, either by developing new packaging solutions that are composed completely of recycled materials or by adding recycled content to their current packaging. The food and beverage industry is also seeing an increase in the use of reusable packaging. Reusable packaging options, such refilling receptacles or packaging that can be sent back to the manufacturer for further use, are being investigated by certain businesses.

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Table of Content: Sustainable Packaging Market

Part 01: Executive Summary

Part 02: Scope of the Sustainable Packaging Market Report

Part 03: Global Sustainable Packaging Market Landscape

Part 04: Global Sustainable Packaging Market Sizing

Part 05: Global Sustainable Packaging Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Major Players:

The report discusses major advancements in the Sustainable Packaging industry, as well as organic and inorganic growth strategies. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. With the increased demand, industry participants in the Sustainable Packaging market are expected to benefit from attractive growth prospects in the future. The following is a list of a few firms involved in the Sustainable Packaging industry.

1. Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
19. Genpak,LLC
20. Tetra Pak InternationalS.A.
21. Billerud
22. Albea S.A.
23. HCP Packaging

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Regional Analysis:

The Sustainable Packaging research details the market area, which is further broken into sub-regions and countries. This section of the report contains information on profit forecasts as well as market share in each country. This part of the study discusses each region's, country's, and sub-market region's share and growth rate over the estimated time.

The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America after evaluating political, economic, social, and technical factors affecting the Sustainable Packaging market in these regions.

Key Questions Answered in the Sustainable Packaging Market Report are:

• What is the market potential for Sustainable Packaging?

• Which regional market will emerge as a leader in the next years?

• Which application category will see rapid growth?

• What chances for development could exist in the Sustainable Packaging sector in the upcoming years?

• What are the most important future obstacles that the Sustainable Packaging market may face?

• Who are the market leaders in the Sustainable Packaging segment?

• What are the primary trends that are positively affecting market growth?

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