The hemp-based packaging market size is projected to be valued at USD 224 million in 2023 and is expected to rise to USD 782 million by 2033. The sales of hemp-based packaging are expected to record a significant CAGR of 13.3% during the forecast period.
Hemp-based packaging is gaining traction as a sustainable alternative to regular packaging materials. With increased environmental awareness, substantial organizations are looking for eco-friendly packaging solutions for their purposes.
The fact that hemp is biodegradable and compostable is one of its primary benefits. In contrast to standard packaging materials like plastic. Therefore, this can take hundreds of years to degrade, whereas, hemp-based packaging can decompose in as little as six months.
Hemp-based packaging is also highly resilient and long-lasting. It can withstand high temperatures and humidity, making it a great material for protecting objects from adverse conditions.
Governments and regulatory authorities are taking steps to reduce plastic waste and encourage environmentally friendly packaging.
The increased availability and accessibility of hemp as a raw material is another factor driving the expansion of the hemp-based packaging market.
Many countries, including the United States, have legalized hemp growing, making it easier for businesses to get hemp-based packaging materials.
Hemp-based packaging has the potential for innovation and product development in the future. Hemp can be used with other materials to produce one-of-a-kind and environmentally friendly packaging solutions.
Researchers are investigating the use of hemp fibers in 3D printing, which could open up new avenues for sustainable package design.
Despite the numerous advantages of hemp-based packaging, there are still certain hurdles to overcome. One of the key challenges is a lack of hemp infrastructure and processing facilities in various regions. This can make sourcing hemp-based packaging materials on a broad scale challenging for businesses.
However, more organizations recognize the characteristics of hemp-based packaging and invest in the necessary infrastructure. It may anticipate further acceptance of this eco-friendly alternative.
Attribute | Details |
---|---|
Hemp-based Packaging Market Estimated Size (2023) | USD 224 million |
Hemp-based Packaging Market CAGR (2023 to 2033) | 13.3% |
Hemp-based Packaging Market Forecasted Size (2033) | USD 782 million |
It has the potential to revolutionize the packaging industry by offering an environmentally friendly and sustainable alternative to traditional methods.
Given the rising demand for sustainable packaging solutions and growing environmental concerns, the sector is likely to grow tremendously. As more people become conscious of the environmental impact of traditional packaging materials. There has been a substantial shift towards eco-friendly and biodegradable packaging options.
The increasing legalization of cannabis and hemp farming in various nations is likely to propel the hemp-based packaging market forward. Hemp can be cultivated without the use of pesticides or herbicides. Making it a more environmentally friendly and sustainable alternative to other plant-based materials used in packaging.
Technological breakthroughs in hemp-based packaging are projected to drive market expansion. Such as improvements in production processes and the development of new hemp-based materials. The usage of hemp fibers and shiv for packaging is likely to grow since these materials have a high strength-to-weight ratio. Making them excellent for a wide range of packaging applications.
Overall, the hemp-based packaging industry is predicted to increase significantly in the future years. Due to the rising demand for sustainable packaging solutions and hemp's growing appeal as a raw material.
Considering the above-mentioned factors FMI opines that the hemp-based packaging market is likely to witness a transformative growth rate of 13.3% in comparison to 10.97% from 2018 to 2022.
Hemp bags have various advantages over regular bags, including being biodegradable, long-lasting, and tear-resistant. Hemp fibers have a high strength-to-weight ratio, making them perfect for a variety of packaging applications.
The food and beverage industry is a key end-user of hemp-based bags, especially for packaging snacks, coffee, tea, and other food items. Hemp bags are also increasingly being utilized to package products such as supplements, vitamins, and cosmetics in the healthcare and personal care industries. The growing popularity of e-commerce and online retail is also predicted to boost the segment growth.
The food and beverage industry is one of the prominent consumers of packaging materials. There is a growing demand in this industry for sustainable and environmentally friendly packaging solutions. Furthermore, hemp-based packaging is appropriate for packing both dry food and liquids. Hemp-based packaging offers great barrier characteristics, which aid in the preservation of the product's freshness and quality. Ensuring that it is delivered to the consumer in optimal condition.
The growing need for eco-friendly packaging solutions, combined with favorable government regulations, is propelling the market in North America.
The adoption of the 2018 Farm Bill in the United States legalized the growth and sale of industrial hemp, resulting in a rise in the manufacturing of hemp-based products, including packaging.
Canada is another key market in North America for the hemp-based packaging business. The Canadian government has launched various measures to encourage sustainable packaging alternatives, including the creation of a national zero-waste policy. These initiatives have opened opportunities for Canadian enterprises involved in the hemp-based packaging market.
Several European countries have established severe rules to reduce the use of single-use plastic, offering the potential for hemp-based packaging industries. The European Union's Single-use Plastic Directive, which prohibits the use of some single-use plastic items, is likely to raise demand for sustainable packaging.
Germany is one of Europe's leading markets for hemp-based packaging, owing to the country's strong emphasis on sustainability and eco-friendliness.
To lessen their environmental impact, online businesses are increasingly embracing eco-friendly packaging options, and hemp-based packaging is seen as an excellent choice.
China is one of Asia Pacific's key markets for hemp-based packaging. Owing to the country's growing emphasis on sustainability and the development of the green economy. The Chinese government has launched many measures to promote sustainable packaging solutions, offering the potential for hemp-based packaging enterprises.
The market is highly competitive and fragmented, with competitors competing on product innovation, pricing strategies, and distribution networks.
Hemp Inc., Sana Packaging, Hemp Plastic Company, International Paper Company, Elevate Packaging, Inc., and others are among the leading companies in the market. To fulfill the growing demand for eco-friendly packaging options, these firms are focused on product innovation. Similarly, on the development of sustainable packaging solutions.
Hemp Plastic business, for example, teamed with Canadian packaging business Plastique in 2021. To expand its production capacity and fulfill the growing demand for hemp-based packaging solutions.
Manufacturers and Service Providers in the Sector can Expand in a Variety of Ways, including:
Product Innovation: By developing innovative and sustainable packaging solutions, manufacturers can differentiate their products and attract more customers.
Strategic Alliances: Companies can develop alliances with other value chain participants. Such as suppliers, distributors, and retailers, to broaden their reach and boost their market share.
Geographic Expansion: By establishing a presence in new regions or nations, businesses can access new markets and grow their consumer base.
Marketing and Branding: Strong branding and marketing initiatives can assist businesses in differentiating themselves from competitors and increasing their market presence.
Customer Engagement: Engaging with customers and understanding their wants can assist businesses in developing products. To satisfy their demands and build brand loyalty.
Attribute | Details |
---|---|
Growth Rate | CAGR of 13.3% from 2023 to 2033 |
Base Year of Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and Volume in Units and F-CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
Key Segments Covered | By Product Type, By End-User Industry, By Distribution Channel, By Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
Key Companies Profiled | Hemp Inc.; Sana Packaging; Hemp Plastic Company; International Paper Company; Elevate Packaging, Inc. |
Customization & Pricing | Available upon Request |
Table 1: Global Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Volume (Tonnes) Forecast by Region, 2018 to 2033
Table 3: Global Value (US$ Million) Forecast by Material, 2018 to 2033
Table 4: Global Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 5: Global Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 6: Global Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 7: Global Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 8: Global Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 9: North America Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 11: North America Value (US$ Million) Forecast by Material, 2018 to 2033
Table 12: North America Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 13: North America Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 14: North America Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 15: North America Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 16: North America Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 17: Latin America Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 19: Latin America Value (US$ Million) Forecast by Material, 2018 to 2033
Table 20: Latin America Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 21: Latin America Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 22: Latin America Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 23: Latin America Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 24: Latin America Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 25: Europe Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 27: Europe Value (US$ Million) Forecast by Material, 2018 to 2033
Table 28: Europe Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 29: Europe Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 30: Europe Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 31: Europe Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 32: Europe Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 33: East Asia Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: East Asia Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 35: East Asia Value (US$ Million) Forecast by Material, 2018 to 2033
Table 36: East Asia Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 37: East Asia Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 38: East Asia Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 39: East Asia Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 40: East Asia Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 41: South Asia Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: South Asia Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 43: South Asia Value (US$ Million) Forecast by Material, 2018 to 2033
Table 44: South Asia Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 45: South Asia Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 46: South Asia Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 47: South Asia Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 48: South Asia Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 49: Oceania Value (US$ Million) Forecast by Country, 2018 to 2033
Table 50: Oceania Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 51: Oceania Value (US$ Million) Forecast by Material, 2018 to 2033
Table 52: Oceania Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 53: Oceania Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 54: Oceania Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 55: Oceania Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 56: Oceania Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 57: MEA Value (US$ Million) Forecast by Country, 2018 to 2033
Table 58: MEA Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 59: MEA Value (US$ Million) Forecast by Material, 2018 to 2033
Table 60: MEA Volume (Tonnes) Forecast by Material, 2018 to 2033
Table 61: MEA Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 62: MEA Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 63: MEA Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 64: MEA Volume (Tonnes) Forecast by End Use, 2018 to 2033
Figure 1: Global Value (US$ Million) by Material, 2023 to 2033
Figure 2: Global Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 3: Global Value (US$ Million) by End Use, 2023 to 2033
Figure 4: Global Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Volume (Tonnes) Analysis by Region, 2018 to 2033
Figure 7: Global Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 10: Global Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 11: Global Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 12: Global Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 13: Global Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 14: Global Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 15: Global Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 16: Global Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 17: Global Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 18: Global Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 19: Global Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 20: Global Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 21: Global Attractiveness by Material, 2023 to 2033
Figure 22: Global Attractiveness by Packaging Formats, 2023 to 2033
Figure 23: Global Attractiveness by End Use, 2023 to 2033
Figure 24: Global Attractiveness by Region, 2023 to 2033
Figure 25: North America Value (US$ Million) by Material, 2023 to 2033
Figure 26: North America Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 27: North America Value (US$ Million) by End Use, 2023 to 2033
Figure 28: North America Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 31: North America Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 34: North America Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 35: North America Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 36: North America Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 37: North America Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 38: North America Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 39: North America Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 40: North America Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 41: North America Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 42: North America Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 43: North America Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 44: North America Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 45: North America Attractiveness by Material, 2023 to 2033
Figure 46: North America Attractiveness by Packaging Formats, 2023 to 2033
Figure 47: North America Attractiveness by End Use, 2023 to 2033
Figure 48: North America Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Value (US$ Million) by Material, 2023 to 2033
Figure 50: Latin America Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 51: Latin America Value (US$ Million) by End Use, 2023 to 2033
Figure 52: Latin America Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 55: Latin America Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 58: Latin America Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 59: Latin America Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 60: Latin America Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 61: Latin America Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 62: Latin America Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 63: Latin America Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 64: Latin America Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 65: Latin America Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 66: Latin America Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 67: Latin America Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 68: Latin America Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 69: Latin America Attractiveness by Material, 2023 to 2033
Figure 70: Latin America Attractiveness by Packaging Formats, 2023 to 2033
Figure 71: Latin America Attractiveness by End Use, 2023 to 2033
Figure 72: Latin America Attractiveness by Country, 2023 to 2033
Figure 73: Europe Value (US$ Million) by Material, 2023 to 2033
Figure 74: Europe Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 75: Europe Value (US$ Million) by End Use, 2023 to 2033
Figure 76: Europe Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 79: Europe Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 82: Europe Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 83: Europe Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 84: Europe Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 85: Europe Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 86: Europe Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 87: Europe Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 88: Europe Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 89: Europe Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 90: Europe Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 91: Europe Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 92: Europe Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 93: Europe Attractiveness by Material, 2023 to 2033
Figure 94: Europe Attractiveness by Packaging Formats, 2023 to 2033
Figure 95: Europe Attractiveness by End Use, 2023 to 2033
Figure 96: Europe Attractiveness by Country, 2023 to 2033
Figure 97: East Asia Value (US$ Million) by Material, 2023 to 2033
Figure 98: East Asia Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 99: East Asia Value (US$ Million) by End Use, 2023 to 2033
Figure 100: East Asia Value (US$ Million) by Country, 2023 to 2033
Figure 101: East Asia Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: East Asia Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 103: East Asia Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: East Asia Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: East Asia Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 106: East Asia Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 107: East Asia Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 108: East Asia Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 109: East Asia Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 110: East Asia Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 111: East Asia Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 112: East Asia Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 113: East Asia Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 114: East Asia Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 115: East Asia Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 116: East Asia Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 117: East Asia Attractiveness by Material, 2023 to 2033
Figure 118: East Asia Attractiveness by Packaging Formats, 2023 to 2033
Figure 119: East Asia Attractiveness by End Use, 2023 to 2033
Figure 120: East Asia Attractiveness by Country, 2023 to 2033
Figure 121: South Asia Value (US$ Million) by Material, 2023 to 2033
Figure 122: South Asia Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 123: South Asia Value (US$ Million) by End Use, 2023 to 2033
Figure 124: South Asia Value (US$ Million) by Country, 2023 to 2033
Figure 125: South Asia Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: South Asia Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 127: South Asia Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: South Asia Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: South Asia Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 130: South Asia Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 131: South Asia Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 132: South Asia Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 133: South Asia Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 134: South Asia Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 135: South Asia Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 136: South Asia Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 137: South Asia Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 138: South Asia Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 139: South Asia Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 140: South Asia Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 141: South Asia Attractiveness by Material, 2023 to 2033
Figure 142: South Asia Attractiveness by Packaging Formats, 2023 to 2033
Figure 143: South Asia Attractiveness by End Use, 2023 to 2033
Figure 144: South Asia Attractiveness by Country, 2023 to 2033
Figure 145: Oceania Value (US$ Million) by Material, 2023 to 2033
Figure 146: Oceania Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 147: Oceania Value (US$ Million) by End Use, 2023 to 2033
Figure 148: Oceania Value (US$ Million) by Country, 2023 to 2033
Figure 149: Oceania Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 150: Oceania Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 151: Oceania Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 152: Oceania Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 153: Oceania Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 154: Oceania Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 155: Oceania Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 156: Oceania Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 157: Oceania Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 158: Oceania Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 159: Oceania Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 160: Oceania Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 161: Oceania Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 162: Oceania Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 163: Oceania Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 164: Oceania Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 165: Oceania Attractiveness by Material, 2023 to 2033
Figure 166: Oceania Attractiveness by Packaging Formats, 2023 to 2033
Figure 167: Oceania Attractiveness by End Use, 2023 to 2033
Figure 168: Oceania Attractiveness by Country, 2023 to 2033
Figure 169: MEA Value (US$ Million) by Material, 2023 to 2033
Figure 170: MEA Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 171: MEA Value (US$ Million) by End Use, 2023 to 2033
Figure 172: MEA Value (US$ Million) by Country, 2023 to 2033
Figure 173: MEA Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 174: MEA Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 175: MEA Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 176: MEA Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 177: MEA Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 178: MEA Volume (Tonnes) Analysis by Material, 2018 to 2033
Figure 179: MEA Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 180: MEA Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 181: MEA Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 182: MEA Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 183: MEA Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 184: MEA Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 185: MEA Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 186: MEA Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 187: MEA Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 188: MEA Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 189: MEA Attractiveness by Material, 2023 to 2033
Figure 190: MEA Attractiveness by Packaging Formats, 2023 to 2033
Figure 191: MEA Attractiveness by End Use, 2023 to 2033
Figure 192: MEA Attractiveness by Country, 2023 to 2033
The market is expected to be valued at USD 224.0 million in 2023.
Hemp Inc., Sana Packaging, and Hemp Plastic Company are key market players.
Bags segment is likely to remain preferred through 2033.
Technological advancements in manufacturing capabilities to boost the market prospects.
The market is forecast to register a CAGR of 3.5% through 2033.
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