Right from several countries banning the single-use plastics to increased awareness among people to save the planet is contributing for the growth of the zero waste packaging market. The demand for zero waste as the by-product of packaging brought a revolution to the world across majority of the industries. Basically, the packaging of any products results in no or zero waste. This is achieved by reusing, using or recycling of waste. The world today is facing severe challenges courtesy of rapid climatic changes thanks to surging levels of pollutions and use of plastic indeed contributes to it. This is exactly why many federal government bodies across the globe have stepped forward and are taking aggressive measures to minimize the use of plastic and safeguard environment. This not only drives the growth of the zero waste packaging market but also ensures that it stays on the right path over the forecast period.
While the world battles against dreadful COVID-19 pandemic as one and is ready for any challenge that might haunt it in future, this is definitely a good sign for the zero waste packaging market. The rampant growth seen by food and beverage companies along with the e-commerce industries contribute directly to the growth of this market. All these industries are constantly seeking new, reliable and robust solutions when it comes to packaging of the products. Similarly, the pharma companies are proving helpful for this market. Though the demand for robust solutions is at all-time high, these packaging solutions are costly as compared to conventional ways of packaging. This proves to be a hindrance to the path of the zero waste packaging market’s progress. Additionally stringent government norms also happen to dent the growth of this market.
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Irrespective of couple of hurdles, the future of the zero waste packaging market seems to be extremely bright at present, not just because these packaging solutions are robust and reliable, but also are beneficial for the environment.
Key Takeaways – Global Zero Waste Packaging Market
- The reusable packaging solutions generated maximum amount of revenue for the zero waste packaging market are used the most as they are extremely cost efficient. Meanwhile the recyclable packaging solutions are rapidly emerging favourite of many.
- Thanks to the internet boom, the online distribution channel is forecasted to witness growth at the fastest rate for this market. This distribution channel helps buyers or clients connect directly with the companies providing solutions through websites and all other means.
- Trillion dollar pharmaceutical and healthcare companies are continuously taking giant strides and this directly contributes to the growth of the zero waste packaging market. Online drug delivery market is significantly witnessing growth and this also proves beneficial for this market.
- The region of Asia Pacific is forecasted to witness growth at the fastest rate for the zero waste packaging market, owing to the fact that e-commerce companies and food delivery apps are extensively used in countries like India and China. The demand for reliable and eco-friendly solutions are rising and this provides impetus to the growth of this market.
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Below are few of the listed major players operating in the global zero waste packaging market:
- Avani Eco
- GO Box
- Loop Industries Inc.
- Package Free
- PulpWork Inc.
- World Centric
- Other Market Participants
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Global Zero Waste Packaging Market
- Biodegradable packaging
- Reusable packaging
- Recyclable packaging
By Distribution Channel
- Supermarkets/ Hypermarkets
- Specialty Stores
By End User
- Food & Beverage
- Pharmaceutical and Healthcare
- Personal care
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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