Zero Waste Packaging Market Growth and Demand in Europe
The zero waste packaging market was valued at approximately US$ 294.57 billion in 2024 and is expected to grow significantly, reaching around US$ 740.06 billion by 2034. This growth represents a strong annual growth rate of 9.65% over the next decade.
Download Statistical Data: https://www.towardspackaging.com/download-statistics/5374
Key Takeaways from the Zero Waste Packaging Market
- Asia Pacific led the zero waste packaging market in 2023, holding the largest share.
- Europe is expected to experience the highest growth rate (CAGR) during the forecast period.
- Paper and cardboard dominated the market in 2023 as the preferred material type for packaging.
- The reusable/recyclable segment took the lead in 2023 by outlook type.
- Online distribution channels are expected to grow the fastest in the coming years.
- The food and beverage sector held the largest share of the zero waste packaging market in 2023.
Market Overview
Zero waste packaging focuses on reducing environmental impact by reusing and recycling packaging materials. Examples include using glass bottles, such as those for milk, multiple times, cutting down on raw material waste. As more consumers demand eco-friendly packaging solutions, the market for zero waste packaging is expanding. The goal is to reduce landfill waste and lessen pollution. Additionally, governments are enforcing stricter regulations on packaging, pushing manufacturers to develop products that can be recycled multiple times.
As consumers become more aware of the need to properly segregate and dispose of packaging waste, demand for zero waste packaging grows. Companies are responding by creating products that are biodegradable, recyclable, and reusable. Innovation in areas like edible packaging, plant-based plastics, and biodegradable wrappers is helping to fuel this growth. The packaging sector continues to introduce new solutions, which is expected to drive rapid market growth in the coming years.
Key Drivers of Growth
Rising Demand for Reusable Packaging: The demand for recyclable and reusable packaging is soaring across industries. These products are not only eco-friendly but also cost-effective, which is why they’re becoming increasingly popular. Recyclable materials are cheaper to produce since they use less energy and labor compared to traditional packaging, resulting in lower production costs. The use of organic materials like corn and mushrooms to create packaging is also gaining traction. Companies are focusing on minimalistic packaging and replacing plastic with sustainable alternatives such as glass, paper, and wood.
For example, in April 2024, Kao Corporation set a goal to achieve net-zero plastic waste by the end of 2024 and negative waste by 2050. This reflects the growing commitment to circular resource management in the packaging industry.
Trends in Zero Waste Packaging
- A shift toward biodegradable and compostable packaging made from plant-based materials is replacing plastic packaging.
- The demand for reusable and recyclable packaging is particularly high in the food & beverage and e-commerce sectors, with many companies now using refillable containers.
- The e-commerce sector is increasingly focused on sustainable packaging, aiming to reduce overpacking and recycle materials to improve sustainability.
Leading Companies in the Zero Waste Packaging Market
- Notpla
- Boxed Water Is Better
- Lifepack
- Loliware
- Noissue
- ASOS
- Better Packaging Co.
- Calvin Klein
- Ecovative
- Ecoware
- Patagonia, Inc.
- Plaine Products
- Sierra Nevada
Buy Premium Global Insight: https://www.towardspackaging.com/price/5374
Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership
If you have any questions, please feel free to contact us at sales@towardspackaging.com
Browse our Brand-New Journal:
https://www.towardshealthcare.com
https://www.towardsautomotive.com
For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/
Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/