Global Biodegradable Packaging Material Market 2024-2028
The biodegradable packaging material market is forecasted to grow by USD 40322 mn during 2023-2028, accelerating at a CAGR of 6.88% during the forecast period. The report on the biodegradable packaging material market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift toward use of bioplastic packaging by end-users, government initiatives that promote use of bioplastic packaging, and rising environmental stewardship.
Technavio's biodegradable packaging material market is segmented as below:
- By Application
- Food
- Beverage
- Pharmaceutical
- Personal and home care
- Others
- By Product
- Paper
- Bioplastics
- By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the market expansion as one of the prime reasons driving the biodegradable packaging material market growth during the next few years. Also, continuous development of new products and advances in nano-reinforcement of bioplastic packaging will lead to sizable demand in the market.
The report on the biodegradable packaging material market covers the following areas:
- Biodegradable packaging material market sizing
- Biodegradable packaging material market forecast
- Biodegradable packaging material market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biodegradable packaging material market vendors that include Amcor Plc, BASF SE, BioPak Pty Ltd., Elevate Packaging Inc., Georgia Pacific, Holmen AB, Hood Packaging Corp., International Paper Co., Kruger Inc., Mayr-Melnhof Karton AG, Mondi Plc, NatureWorks LLC, Novamont S.p.A., Oji Holdings Corp., PMMI Media Group, Smurfit Kappa Group, Stora Enso Oyj, Tetra Pak Group, and WestRock Co.. Also, the biodegradable packaging material market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.