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.

Zero-waste involves creating and managing products and processes to avoid and eliminate waste and material volume and toxicity, conserve and recover all resources, and not bury or burn them. Zero-waste packaging is defined as packaging wherein every component is reused or recyclable, resulting in no actual waste. This could indicate that the packaging is intended to be reused by the consumer, such as an edible container, "plantable" paper embedded with seeds, or packets that can be sent to local drop-off sites for re-use. While any type of packaging will contain some sort of residual component, there are creative ways to turn the packaging process into a zero-waste operation. Surging demand for sustainable packaging solutions is one of the significant trends in the zero waste packaging market.

Zero Waste Packaging Market Dynamics

Market Growth Drivers:

• Increasing environmental concerns
• Reduction in plastic waste
• Growing demand for sustainable packaging solutions

Market Restraint:

• High cost of zero waste packaging products
• Lack of awareness in emerging countries

Market Opportunities:

• Rapidly expanding food & beverage industry
• Rising research & development activities in packaging solutions

Report Coverage

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	2022 - 2030
Segments Covered	By Type, By Distribution Channel, By End-User, And By Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	AarohanaEcosocial Development, Avani Eco, Biome, GO Box, Lifepack, Loliware, Loop Industries Inc., Package Free, PulpWorks Inc., and World Centric.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope	10 hrs of free customization and expert consultation

The rising concern of growing packaging waste is the primary factor driving the worldwide zero waste packaging market share. As the world's population expands, so does the amount of waste produced. According to the Environmental Protection Agency (EPA), plastic mass production, which began only six decades ago, has grown to the point where 8.3 billion metric tonnes have been produced, the most of which are in single-use items that end up as waste. In around 30 years, world’s landfills might contain more than 12 billion tonnes of plastic. Among then, approximately 8 million metric tonnes of plastic garbage end up in the oceans each year. Even though plastic is technically a recyclable material, recycling it is economically inefficient and unwanted because it is significantly cheaper to create new things from start. For instance, only 8.7% of all plastic waste was recycled in 2018 in the US. Among them, only plastic bottles are regularly recycled.

Significant shift of businesses towards sustainable packaging is expected to boost the zero waste packaging market revenue. Conscious firms, leaders, and consumers would not like to contribute to packaging waste, so there is a lot of discussion about more sustainable options. Cutting plastic from packaging can help reduce the quantity of plastic consumer use and discard. As a result, doing so can reduce the amount manufactured each year. As a result, significant companies focus on employing cardboard, craft paper tape, and recycled paper as go-to packaging materials. Craft paper tape will reduce the quantity of plastic packaging that ends up in landfills because it is composed of recycled paper.

However, high cost related to zero waste packaging materials may act as a restraining factor in the market. Currently, zero waste materials are more expensive than plastic waste, but this does not require additional expenses such as funding to clear the waste.For instance, according to the World Economic Forum data, the waste form plastic packaging costs $80 to $120 billion loss every year. Furthermore, the rapidly expanding food & beverage industry coupled with the rising e-commerce sales are some of the factors that are likely to generate several growth prospects for the market in the coming years.

Zero Waste Packaging Market Segmentation

Type, distribution channel, end-user, and geography are all used to segment the worldwide zero waste packaging market.

Market by Type

• Compostable Goods
• Re-Usable Goods
• Edible Goods

On the basis of type, compostable goods segment generated the largest zero waste packaging market revenue in 2021. This could be attributed to increased knowledge and concern about the importance of trash among the worldwide population, which can have negative consequences on the environment. As a result, the need for compostable items as a realistic alternative to other disposable items for waste disposal has increased. Additionally, compostable packaging is preferred in foodservice packaging for restaurants, grocery stores, cafeterias, closed loop venues, and prepared food bars, thereby driving its demand.

Market by Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Channel
• Others

Based on distribution channels, the supermarkets/hypermarkets segment gathered significant amount of zero waste packaging market shares in 2021. The high growth in the segment is witnessed due to the easy availability of variety of goods in super and hyper markets. In addition, there is a continuation of consumers to purchase groceries and fruit & vegetables from supermarket & hypermarkets, which also supports the industry growth. On the other hand, the online channel segment is expected to attain the fastest growth rate throughout the forecast period. The market for online channel is growing due to the steady rise in the number of individuals globally who are purchasing products by transacting through the online mode.

Market by End-User

• Food & Beverages
• Healthcare
• Personal Care
• Others (Industrial, etc.)

Based on end-user, the food & beverages segment dominated the market with significant shares throughout the forecast timeframe. The pandemic had a significant impact on the food and beverage industries. Since the Covid-19 outbreak, several food and beverage establishments have increased their use of zero-waste packaging materials. During and after the lockdown, a large number of people shifted to online grocery shopping, which increased demand for zero-waste packaging.

Zero Waste Packaging Market Regional Overview