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Acumen Research and Consulting

Acumen Research and Consulting recently published report titled “Zero Waste Packaging Market Size, Share, Analysis Report and Region Forecast, 2022 – 2030”

BEIJING, June 23, 2022 (GLOBE NEWSWIRE) — The Global Zero Waste Packaging Market size accounted for USD 1,722 Mn in 2021 and is estimated to reach USD 3,591 Mn by 2030, with a CAGR of 8.7% from 2022 to 2030.

The rapid shift towards sustainable packaging solutions is a significant zero waste packaging market trend that is boosting the demand all around the world. Since the e-commerce boom, consumers have become increasingly aware of the brands they support and their environmental impact. According to the World Economic Forum Organization, only 9% of the over 300 million tonnes of plastic waste produced has been recycled to date. Plastic packaging accounts for half of all plastic waste produced worldwide, with only about 16% – less than a fifth – being reprocessed and recycled. The same organization states that packaging is as important as the product itself, with over 78 percent of consumers in the United States preferring to buy a product that is clearly labeled “environmentally friendly.” Sustainable packaging uses less material, produces less waste, and has a lower environmental impact. As a result, considering all these aspects, a rapid demand is witnessed for sustainable and zero waste packaging solutions.

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Report Coverage:

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Source: https://finance.yahoo.com/news/growing-cagr-8-7-during-000000145.html

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Market

Zero Waste Packaging Market

Market Size 2021

USD 1,722 Mn

Market Forecast 2030

USD 3,591 Mn

CAGR During 2022 – 2030

8.7%

Analysis Period

2018 – 2030

Base Year

2021

Forecast Data