Biodegradable Packaging Market, By Type (Plastic and Paper), By End-Use Industry (Food, Beverage, Pharmaceutical, Personal/Homecare, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
Biodegradable Packaging Market, By Type (Plastic and Paper), By End-Use Industry (Food, Beverage, Pharmaceutical, Personal/Homecare, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
The growing awareness about environment protection and depletion of natural resources has led to a rise in the demand for sustainable and eco-friendly packaging solutions. Biodegradable packaging is considered as one of the most effective alternatives to conventional plastic packaging. Biodegradable packaging is manufactured using renewable and recyclable raw materials like paper, leaves, wood, etc. that can decompose and break down into natural elements within a short span of time without causing pollution. The packaging decomposes completely when in contact with microorganisms such as bacteria and fungi. This prevents biodegradable packaging from accumulating and clogging landfills. With rising environmental concerns and stringent regulations against single use plastics, the biodegradable packaging market is expected to witness significant growth in the coming years.
Market Dynamics:
The global phenolic resins market is driven by the robust growth of the construction industry. Phenolic resins are widely used in wood adhesives for building and construction applications owing to their high heat resistance and dimensional stability. Rapid urbanization and increasing construction of residential and commercial buildings in developing nations is driving consumption. Moreover, wide application in automotive brakes, clutch facing, and other friction components on account of their high friction coefficient and temperature resistance also supports market growth. However, volatility in raw material prices may hamper the market growth. The development of bio-based phenolic resins using renewable feedstock presents lucrative opportunities for market players.
Key Features of the Study:
This report provides an in-depth analysis of the global biodegradable packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, 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 highlights, products portfolio, key highlights, financial performance, and strategies
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, International Corp., Solenis, DuPont, Ball Corp, Novamont, Tetra Pak International SA, Biopak PTY, Imex Packaging, Elevate Packaging Inc, and Elevate Packaging
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global biodegradable packaging market report caters to various stakeholders in this industry including investors, suppliers, product 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
Market Segmentation
Type:
Plastic
Starch
Cellulose
PLA
PHA
Others
Paper
Kraft
Flexible
Corrugated
Box Board
Others
End-Use Industry:
Food
Beverage
Pharmaceutical
Personal/Homecare
Others
Regional:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
BASF SE
Smurfit Kappa Group
Mondi Group
Rocktenn
Stora Enso
Clearwater Paper Corporation
Amcor
Novamont S.P.A.
Kruger Inc.
Reynolds Group Holding Limited
International Corp.
Solenis
DuPont
Ball Corp
Novamont
Tetra Pak International SA
Biopak PTY
Imex Packaging
Elevate Packaging Inc
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By End-Use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Biodegradable Packaging Market - Impact of Coronavirus (COVID-19) Pandemic