Green Packaging Film Market Size, Share, Opportunities, And Trends By Product Type (Bags, Pouches, Wrapping Films, Liners, Others), By Thickness (Up To 1mm, 2 – 4mm, Above 4mm), By Material (Poly Lactic Acid (Pla), Starch Blend, Polybutylene Adipate Terephthalate (Pbat), Polyhydroxyalkanoates (Pha), Other), By End Use (Food And Beverages, Pharmaceutical, Personal Care And Cosmetics, Building And Construction, Other), And By Geography - Forecasts From 2023 To 2028

The green packaging film market is projected to show steady growth during the forecast period.

The worldwide green packaging film market size is being driven by expansion in the food and beverage industry as well as increased awareness about eco-friendly packaging alternatives. The adoption of green packaging film aids in the reduction of carbon footprints. It contributes to long-term human and ecological sustainability. Moreover, the ban on single-use plastic is likely to promote market growth throughout the forecast period. Sustainable packaging is gaining popularity in the food and beverage industry because of its dependability, biodegradability, and recyclable nature. Materials used in sustainable packaging are non-reactive with food and prevent it from contamination and other environmental consequences.

Introduction:

Green packaging film also called sustainable packaging films refers to the use of packaging materials and solutions that are biodegradable, readily recycled and reused. Green packaging film materials are environmentally friendly, which means they are safe for the environment. Sustainable packaging methods also reduce environmental impact.  The government's stricter rules banning single-use plastics and the increased emphasis on the circular economy are likely to fuel significant growth in the market for green packaging films throughout the forecast period. Consumer products, consumer electronics, personal care, food and beverage, and pharmaceutical companies are among the end-use industries embracing sustainable packaging. The world's largest user of single-use plastic packaging, the food and beverage sector also generates a substantial quantity of plastic garbage and the rising environmental awareness among consumers have compelled them to make a shift towards sustainable packaging alternative and is therefore creating a positive market growth opportunities.

Drivers:

• Rising demand from the food and beverages industry is likely to fuel market growth: Busy lives and an increase in the working population have resulted in a strong demand for ready-to-eat and packaged foods. This, in turn, is expected to propel the green film packaging market forward over the projected period.
• Increasing consciousness towards environmentally friendly packaging solutions is aiding in market development: Single-use plastics and other non-sustainable packaging materials contribute to pollution and garbage accumulation in seas and landfills. This poses several risks to aquatic and human life. As a result of the increased awareness about plastic pollution, there is a greater need for sustainable packaging alternatives. This is expected to drive green film packaging market revenue over the forecast period.
• Advent and integration of new technology in the packaging industry are driving the market growth: The rise of the green film packaging market can also be linked to technological improvements in the industry; these technological breakthroughs in sustainable packaging are assisting in reducing waste, conserving resources, and minimizing the environmental effect of packaging. A few recent technical advances in the worldwide market include smart packaging technology, packaging reduction strategies, and the utilization of renewable energy for sustainable packaging solutions.
• The growth of e-commerce platforms is creating new market growth opportunities: The advent of e-commerce and online shopping has increased demand for ecologically friendly, sustainable packaging solutions that can safeguard items throughout shipment and handling. Many e-commerce firms are moving their attention to sending items in environmentally friendly packaging to meet escalating environmental concerns while also strengthening their brand image.

Products offered by key companies:

• AmPrima, Amcor: AmPrima® are prefabricated, child-resistant pouches. These pouches have been certified to be used by children and offer high-barrier protection against moisture and oxygen while being recyclable.
• EcoVerPlus, Constantia Flexibles: EcoVerPlus is a mono-propylene laminate that may be used in many different packaging applications.  These are used to package candy, beverages, snacks, pet care products, and processed foods. They are completely recyclable. These are available in gloss or matt, with a white tint, and they offer exceptional optical qualities and high transparency.

Prominent growth is expected in the food and beverages sector under the end-user segment.

The food and beverages industry is likely to have a major market share and is poised to expand significantly over the forecast period. New dining facilities have emerged as a result of rapid industrialization and urbanization, and food service now requires sanitary and sustainable films for packaging. This element has increased the need for environmentally friendly films in the food industry's packaging. Materials that are not biodegradable are not deemed fit for one's health. Therefore, to lessen the detrimental effects on people's health, the food and beverage sector has prohibited the use of such materials for packaging. Additionally, a more favourable environment for sustainable films in the packaging sector has been created by growing environmental consciousness and conservation efforts among consumers.

The North American region is expected to hold a significant share of the green packaging film market:

The North American region is anticipated to have a major market share and is projected to expand at a healthy CAGR over the forecast period. The rising emphasis on sustainability and eco-friendly packaging choices has resulted in the introduction of biodegradable and recyclable films and consequently driving the market growth. The region's stringent rules implemented by the government authorities for controlling packaging waste have increased the need for ecologically acceptable alternatives. Moreover, technological advancements in film manufacturing, such as improved barrier properties and increased printing capabilities, are driving market innovation.

Key developments:

• In October 2023, Cosmo Films, a global provider of speciality films for synthetic paper, labelling, packaging, and laminating applications, introduced Cosmo Plastech, its next endeavour into sustainable packaging solutions. This strategic approach is consistent with the company's long-standing commitment to sustainability and innovation. As a result, meeting the growing need for distinctive packaging in the FMCG sector.
• In June 2021, Amcor created an eco-friendly chocolate box for distribution in South America. The company created recyclable plastic packaging for the powdered chocolate segment. This packaging material reduced the carbon footprint by almost 53% when compared to the previous packaging material.

Segmentation:

• By Product Type
  • Bags
  • Pouches
  • Wrapping Films
  • Liners
  • Others
• By Thickness
  • Up To 1mm
  • 2 – 4mm
  • Above 4mm
• By Material
  • Poly Lactic Acid (Pla)
  • Starch Blend
  • Polybutylene Adipate Terephthalate (Pbat)
  • Polyhydroxyalkanoates (Pha)
  • Other
• By End Use:
  • Food And Beverages
  • Pharmaceutical
  • Personal Care and Cosmetics
  • Building And Construction
  • Other
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain  
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others