Circular Packaging Market Size To Reach $351.69 Billion By 2030

Circular Packaging Market Growth & Trends

The global circular packaging market size is anticipated to reach USD 351.69 billion by 2030 and is anticipated to expand at a CAGR of 6.30% during the forecast period, according to a new report by Grand View Research, Inc. The circular packaging market is a crucial segment of the global packaging industry, driven by the increasing emphasis on sustainability, resource efficiency, and waste reduction. Circular packaging focuses on minimizing environmental impact by designing materials that can be reused, recycled, or composted, creating a closed-loop system that reduces dependency on virgin resources. This market spans multiple industries, including food and beverages, personal care, pharmaceuticals, and e-commerce, where companies are adopting eco-friendly packaging to meet regulatory mandates and shifting consumer expectations. With growing investments in advanced recycling technologies, bio-based alternatives, and reusable packaging systems, the circular packaging market is experiencing rapid transformation as businesses align their strategies with long-term sustainability goals.

One of the primary drivers of this market is the increasing regulatory pressure to phase out single-use plastics and improve waste management infrastructure. Governments worldwide are implementing stringent policies, such as extended producer responsibility (EPR) schemes and minimum recycled content requirements, compelling companies to integrate circularity into their packaging solutions. Moreover, material science innovations enable the development of high-performance recycled polymers, compostable films, and fiber-based alternatives that maintain product integrity while reducing environmental impact. As brands strive to enhance their ESG credentials and reduce their carbon footprint, circular packaging is becoming a strategic priority, fostering industry-wide collaborations and technological advancements that are reshaping the future of sustainable packaging solutions.

The market players focus on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in May 2024, Pernod Ricard, a wine and spirits producer, signed a five-year global agreement with ecoSPIRITS, a circular economy startup, to distribute Pernod Ricard's spirits using ecoSPIRITS' sustainable packaging technology. This deal aims to reduce waste and carbon emissions from producing and transporting bottles. EcoSPIRITS' system reduces waste by 95% and emissions by up to 90%.

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Circular Packaging Market Report Highlights

• Based on material, paper & cardboard held the largest share, accumulating USD 98.08 billion market size in 2024.

• The food & beverages dominated the application segmentation and accounted for the largest revenue share of over 47.40% in 2024.

• Europe dominated the market. With sustainability becoming a core regulatory and market expectation, European packaging manufacturers and brands are rapidly transitioning to closed-loop packaging models, ensuring compliance while meeting consumer demand for eco-friendly products.

• Germany was the leading manufacturer of circular packaging in the Asia Pacific region and captured around 14% of the revenue market share in 2024 in this region.

Circular Packaging Market Segmentation

Grand View Research has segmented the global circular packaging market based on material, end use, and region:

Circular Packaging Material Outlook (Revenue, USD Million, 2018 - 2030)

• Paper & Cardboard

• Plastic

• Metal

• Glass

Circular Packaging End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Food & beverages

• Pharmaceuticals

• Personal Care & Cosmetics

• Others

Circular Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Circular Packaging Market

• Loop Industries

• TerraPak

• Amcor plc

• Sealed Air

• DS Smith

• Mondi plc

• Smurfit Kappa

• Berry Global

• Huhtamaki

• ecoSPIRITS