The market for zero-waste packaging is expected to grow at a CAGR of 8.8 percent between 2022 and 2032. At the end of 2022, the market will have an estimated value of US$984.9 million and is expected to reach US$2.289 billion by 2032. The increase is expected as Governmental measures to protect the environment grow, and consumers seek eco-friendly products.
Between 2015 and 2012, the market grew at a CAGR of 5.8 percent; at the end of that period, it was valued at US$644.7 million.
The competitive market will see three countries account for a 35-40 percent share and the top five companies with 20 to 25 percent.
Recent innovations include G. Mondini’s biodegradable film liner for chilled, wet, fresh and frozen food products.
