Biodegradable Packaging Market, by Product Type (Plastic (Starch, Cellulose, PLA, PHA, and Others), and Paper (Kraft, Flexible, Corrugated, Box Board)), by End-Use Industry (Food, Beverage, Pharmaceutical, Personal/Homecare, and Others), and by Region (No

Biodegradable Packaging Market, by Product Type (Plastic (Starch, Cellulose, PLA, PHA, and Others), and Paper (Kraft, Flexible, Corrugated, Box Board)), by End-Use Industry (Food, Beverage, Pharmaceutical, Personal/Homecare, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

As the name suggests, biodegradable packaging involves the use of bio-based materials for packaging. These materials are mainly derived from renewable sources and are mostly bio-based polymers that are categorized into three types based on their source and production. The first category of polymers is directly extracted from biomass such as starch and cellulose. The second category comprises polymers that are produced by classical chemical synthesis using renewable bio-based monomers such as polylactic acid (PLA) and other polyesters. The third category comprises polymers that are produced by microorganisms and genetically modified bacteria such as polyhydroxyalkanoates (PHA), bacterial cellulose, and others. Biodegradable packaging plays a vital role in the packaging industry due to ever-increasing consumer awareness and the importance of using eco-friendly products. Also, biodegradable packaging degrades easily and quickly and does not require the help of an external catalyst for degradation. Starch and polylactic acid (PLA) are the most widely used biodegradable plastic materials for packaging in various end-use industries. The food & beverage industry is the largest consumer of these materials, and the trend is expected to remain the same through 2028.
Europe dominated the global biodegradable packaging market in 2021, and the trend is expected to remain the same during 2022-2028. This is due to a number of causes, including rising consumer awareness of environmental issues, strict implementation of environmental laws, and increased research and development (R&D) operations in the production of bioplastics by key manufacturers. The European Union passed a strict resolution to reduce the overall consumption of thin plastic bags in the region by around 80% by 2019, which in turn, is expected to create major growth opportunities for biodegradable plastics & paper manufacturers over the coming years. Additionally, the reduction in the usage of conventional plastic bags is expected to directly boost the consumption of biodegradable plastic bags in malls, retail outlets, and loose packaging applications. North America is the second-most dominant region in the global biodegradable packaging market, and the regional market is expected to exhibit a CAGR of 23.0%, in terms of volume, during the forecast period. Increasing cost-competitiveness of biodegradable polymers, growing support from authorities for addressing solid waste disposal needs, and increasing public awareness of the environmental issues related to conventional packaging waste are the major factors driving the growth of the biodegradable packaging market in North America.
Key features of the study:
This report provides an in-depth analysis of the global biodegradable packaging market, market size (US$ Million & Kilotons), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global biodegradable packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include BASF SE, Smurfit Kappa Group, Mondi Group, Rocktenn, Stora Enso, Clearwater Paper Corporation, Amcor, Novamont S.P.A., Kruger Inc., Reynolds Group Holding Limited, and International Corp.
Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global biodegradable packaging market report caters to various stakeholders in this industry including investors, suppliers, biodegradable packaging manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biodegradable packaging market
Detailed Segmentation:
Global Biodegradable Packaging Market, By Product Type:
Plastic
Starch
Cellulose
PLA
PHA
Others
Paper
Kraft
Flexible
Corrugated
Box Board
Global Biodegradable Packaging Market, By End-Use Industry:
Food
Beverage
Pharmaceutical
Personal/Homecare
Others
Global Biodegradable Packaging Market, By Region:
North America
By Product Type:
Plastic
Starch
Cellulose
PLA
PHA
Others
Paper
Kraft
Flexible
Corrugated
Box Board
By End-Use Industry:
Food
Beverage
Pharmaceutical
Personal/Homecare
Others
By Country:
U.S
Canada
Latin America
By Product Type:
Plastic
Starch
Cellulose
PLA
PHA
Others
Paper
Kraft
Flexible
Corrugated
Box Board
By End-Use Industry:
Food
Beverage
Pharmaceutical
Personal/Homecare
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Plastic
Starch
Cellulose
PLA
PHA
Others
Paper
Kraft
Flexible
Corrugated
Box Board
By End-Use Industry:
Food
Beverage
Pharmaceutical
Personal/Homecare
Others
By Country:
Germany
U.K
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Plastic
Starch
Cellulose
PLA
PHA
Others
Paper
Kraft
Flexible
Corrugated
Box Board
By End-Use Industry
Food
Beverage
Pharmaceutical
Personal/Homecare
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa
By Product Type:
Plastic
Starch
Cellulose
PLA
PHA
Others
Paper
Kraft
Flexible
Corrugated
Box Board
By End-Use Industry:
Food
Beverage
Pharmaceutical
Personal/Homecare
Others
By Country/Region:
Middle East
Africa
Company Profiles
BASF SE*
Company Overview
Product Portfolio
Key Strategies
Recent Developments
Future Plans
Smurfit Kappa Group
Mondi Group
Rocktenn
Stora Enso
Clearwater Paper Corporation,
Amcor
Novamont S.P.A.
Kruger Inc.
Reynolds Group Holding Limited
International Corp.
“*” marked represents similar segmentation in other categories in the respective section.