Biodegradable Packaging Market Overview
Biodegradable Packaging is defined as a form of packaging which can naturally disintegrate and decomposed. Paper, cardboard, bamboo, organic fabric, corn starch, acid free tissue paper, water soluble plastic, are some types of biodegradable packaging. Biodegradable packaging helps in minimizing harmful effects on environment and reduce energy usage during manufacturing. PLA plastics (polyactic acid) or ‘Corn Plastic’ is an example of Biodegradable packaging which is plant based material derived from sugar cane, and corn starch which are biodegradable and compostable. Cellulose packaging is mostly used in food industries due to its moisture resistant properties. It is made from natural sources like wood, hemp and cotton. Biodegradable packaging provides benefits like it helps in reducing carbon footprint, contains no harmful plastics, better for environment, convenient for disposal, versatile and sustainable. Gelatin, cellulose, starch, polylactic acid and chitosan. Tear resistance, tensile strength, solubility, degradability and permeability are properties which define selection and utilization of food packaging materials. Biodegradable packaging doesn’t require any specific environment for break down. Biodegradable products has ability to return to its natural components even in landfills. Biodegradable packaging are better than plastics. Bioplastics does not contain bisphenol A (BPA) which is hormone disrupter found in traditional plastics. Bioplastics are less toxic. PLA (polylactic acid) and PHAs (polyhydroxyalkanoates) are bio-based and biodegradable plastics. Paper, cardboard, cornstarch, bamboo, organic fabric, acid-free tissue paper, water soluble plastic are biodegradable packaging types. Rise in demand for eco-friendly packaging, and growth in food industries has given positive impact on Biodegradable Packaging Market growth.
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Attributes |
Details |
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Biodegradable Packaging Market Value (2024) |
US$ 100.9Bn |
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Biodegradable Packaging Market Projected Value (2034) |
US$ 294Bn |
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Biodegradable Packaging Market CAGR (2024 – 2034) |
12.50% |
Biodegradable Packaging Market Dynamics
Rise in demand for eco-friendly packaging, growth in food industries and rate of urbanization
Rise in demand for eco-friendly packaging material, growth in food industries and rate of urbanization is one of the leading factors for the Biodegradable Packaging Market growth. Urbanization has given rise in education, employment, social awareness, environmental awareness. Awareness among people about health and environment has given rise in use of eco-friendly packaging material. As food industries are growing demand for eco-friendly packaging is rising as it helps in reducing waste in food industry, reduce use of plastics, etc. Biodegradable material helps in reducing pollution which balance the environment. Urbanization has changed consumer thoughts and behavior due to education and awareness about health and protection of environment. Biodegradable packaging material are eco-friendly, no harmful chemicals, produce less waste, use less energy during production, produce less emissions, can decompose quickly which has become the major factor in rising demand for eco-friendly packaging material which has enhanced the growth of Biodegradable Packaging market. Eco-friendly packaging are versatile and can be re-used. Eco-friendly packaging helps in reducing amount of plastic used. Consumers are ware about their health and demand for safe and hygienic food products are increasing. For instance, in 2022, rise in food industries and around 48% consumer of packaging material in India has become the major factor in growth of Indian food packaging industries. To reduce carbon footprints, waste reduction targets, rising health awareness due to education & urban living, and rising environmental concern has encouraged the use of sustainable food packaging materials in India. Rising food industries has given rise in use of biodegradable packaging material. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, rising demand for eco-friendly packaging material, growth in food industries and population in urban areas boosts the demand for Biodegradable Packaging market growth.
Restrains:
However, certain types of biodegradable plastics can release harmful chemicals, and harmful substances like methane and metals may hinder the market growth. Need for costly composters, industrial processors, need for availability of equipment, can’t get replaced completely, and some disadvantages like high hydrophilic capacity, low mechanical properties during humid environmental conditions, and high cost may somewhat restrain the Biodegradable Packaging market growth.
Biodegradable Packaging Market Segmentation
Biodegradable Packaging Market is segmented based on type, packaging format, application and region.
Type Insight
On the basis of Type Biodegradable Packaging Market is segmented into Paper & Paperboard, Plastic, Bagasse, and others. Plastic has dominated the target market because plastic allows companies for transportation of goods & materials at long distance in any environmental conditions.
Packaging Format Insights
On the basis of Packaging Format Biodegradable Packaging Market is segmented into Cans, Bottles, Jars, Pouches, Trays & Bags, Wraps & Labels, and others. Bottles has dominated the target market growth due to its wide use and application in beverages.
Application Insights
On the basis of Application Biodegradable Packaging Market is segmented into Healthcare, Food & Beverages, Personal Care, and others. Food & beverages has dominated the target market due to growth in food industries and rising demand for eco-friendly packaging which keeps food safe and hygiene.
Regional Insights:
On region the Biodegradable Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, reduction in single use of plastics, rising consumer awareness towards eco-friendly packaging material, and favorable government regulations is anticipated to increase demand for Biodegradable Packaging in the region.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Type - Paper & Paperboard, Plastic, Bagasse, and others By Packaging Format - Cans, Bottles, Jars, Pouches, Trays & Bags, Wraps & Labels, and others By Application - Healthcare, Food & Beverages, Personal Care, and others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Biodegradable Packaging Market report based on type, packaging format, application, and region:
Biodegradable Packaging Market, By Type:
- Paper & Paperboard
- Plastic
- Bagasse
- Others
Biodegradable Packaging Market, By Packaging Format:
- Cans
- Bottles
- Jars
- Pouches
- Trays & Bags
- Wraps & Labels
- Others
Biodegradable Packaging Market, By Application:
- Healthcare
- Food & Beverages
- Personal Care
- Others
Biodegradable Packaging Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Biodegradable Packaging Market Key Players
The key players operating the Biodegradable Packaging Market includes,
- Amcor Plc.
Amcor Plc., is an American-Australian global packaging company which is developer, and producer of rigid containers, flexible packaging, closures & services for food, beverage, personal care, medical device, pharmaceutical, and other products.
- WINPAK LTD.
WINPAK LTD., is a part of global packaging group which operates 12 production facilities in United States, Canada and Mexico. WINPAK is manufacturer and distributor of high-quality packaging materials used in protection of healthcare, perishable foods & beverages.
- Mondi Plc.
Mondi is a multinational packaging and paper group in developing and manufacturing effective packaging solutions for industries and consumer goods. Mondi has become a global leader in paper and packaging.
- Swedbrand Group
Swedbrand Group, is headquartered in Shanghai, China. Swedbrand is designer, producer and distributor of packaging products from handcrafted bags and premium rigid boxes and offers global support and logistics.
- Sonoco Products Company
Sonoco Products Company is headquartered in Hartsville, South Carolina. Sonoco is international provider of industrial products, consumer packaging, protective packaging, and others. Sonoco is largest producer of tubes, cores and composite cans.
- Berry Global Inc.
Berry Global is headquartered in Evansville, Indiana. Berry Global is global manufacturer and marketer of plastic packaging products like thermoformed products, injection molded plastic packaging, tapes, coatings and flexible products.
- Toray Plastics Inc.
Toray Plastics Inc., is headquartered in North Kingstown, Rhode Island. Toray Plastics is a leading innovator in polyester, polyolefin technology and polypropylene. Toray Plastics is the world leader in carbon fibers, synthetic fibers, plastics, textiles, chemicals and others.
- Smurfit Kappa
Smurfit Kappa is Europe’s leading corrugated and paper-based packaging company in the world. Smurfit Kappa offer products like bag-in-box packaging, industrial packaging, retail packaging, e-commerce packaging, and others.
- Sealed Air
Sealed Air is packaging company. Sealed Air is known for its brands like Bubble Wrap cushioning packaging, and Cryovac food packaging. Sealed Air offers equipment, services, packaging materials, and automation for providing essential protection for people and products.
- Test Valley Packaging LLP.
Test Valley is based in Andover, UK. Test Valley has 40 years of experience in delivering high quality sustainable packaging products and providing innovative solutions to businesses. Test Valley is the designer, and manufacturer of integrated packing systems.
Recent Development:
In October 2022, Test Valley has launched new agriculture waste packaging products which are made from sugarcane waste in farms across India. The bi-product of the agricultural waste will become a sustainable solution in escalating packaging demand. It will also help in providing additional income for farmers. Test Valley Packaging has become the first supplier in UK in manufacturing this new revolutionary product.Packaging products like paper and card will be available in different formats like mailing bags, printing paper, cartons, paper bubble wrap and others.
Biodegradable Packaging Market Company Profile
- Test Valley Packaging LLP.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amcor Plc.
- WINPAK LTD.
- Mondi plc.
- Swedbrand Group
- Sonoco Products Company
- Berry Global Inc.
- Toray Plastics Inc.
- Smurfit Kappa
- Sealed Air
“*” marked represents similar segmentation in other categories in the respective section
Biodegradable Packaging Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Packaging Format
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Biodegradable Packaging Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Paper & Paperboard
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Plastic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Bagasse
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Biodegradable Packaging Market, By Packaging Format, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Cans
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Bottles
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Jars
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Pouches
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Trays & Bags
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Wraps & Labels
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Biodegradable Packaging Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Personal Care
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Biodegradable Packaging Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Format, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Format, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Format, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Format, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Format, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Amcor Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- WINPAK LTD.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mondi plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Swedbrand Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sonoco Products Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Berry Global Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Toray Plastics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Smurfit Kappa
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sealed Air
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Test Valley Packaging LLP.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Biodegradable Packaging Market is segmented into type, packaging format, application and region.
Biodegradable Packaging Market is driven by factors like rise in adoption of eco-friendly packaging, growth in food industries and rate of urbanization.
By region, the Biodegradable Packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Biodegradable Packaging Market includes, Amcor Plc., WINPAK LTD., Mondi plc., Swedbrand Group, Sonoco Products Company, Berry Global Inc., Toray Plastics Inc., Smurfit Kappa, Sealed Air, Test Valley Packaging LLP., and others.