According to the latest report from “Towards Packaging,” the global sustainable plastic packaging market is projected to grow from USD 1.1171 billion in 2025 to USD 1.7879 billion by 2034, with a compound annual growth rate (CAGR) of 5.43%.
This growth is primarily driven by increased environmental awareness, shifting consumer preferences toward eco-friendly products, and strong demand for economically durable packaging from industries such as food, beverages, and healthcare.
Regionally, the Asia-Pacific region is expected to dominate the global market in 2024 due to technological advancements and increased consumption of packaged goods; North America, meanwhile, is projected to achieve significant growth during the forecast period, leveraging its innovative capabilities and well-developed recycling infrastructure.
The report notes that sustainability is no longer a buzzword but an inevitable requirement for industry development — companies across sectors are adopting biodegradable, recyclable materials, and bioplastics not only to comply with regulations but also to align with consumers' evolving values.
In terms of market trends, polyethylene (PE) holds the largest share in 2024 due to its strength and durability, while bioplastics are expected to grow at the fastest rate.
Among packaging types, flexible packaging leads in 2024 due to its lower material usage, while rigid packaging is gaining favor for its impact resistance and extended shelf life.
Primary packaging, which comes into direct contact with products, dominates due to freshness requirements, with biodegradable packaging currently holding the highest market share, though recyclable packaging holds significant future growth potential.
The food and beverage industry is the primary growth driver due to production scale and regulatory policy adjustments, while healthcare packaging continues to expand due to safety requirements and material reliability demands.
Recent industry developments include: In May 2025, Oroville Flexible Packaging launched the next-generation sustainable flexible packaging and recycling system Oroflex; In March of the same year, Mars partnered with Berry Global to launch 100% recycled plastic containers for brands such as M&M’s and Skittles.
According to the report, the key players in this market include Amcor, Mondi Group, Be Green Packaging, Berry Global, Sealed Air Corporation, Tetra Pak, Ball Corporation, Uflex Limited, DS Smith, Stora Enso, and BioPak.