Global Biodegradable Packaging Materials Market 2023-2027

Global Biodegradable Packaging Materials Market 2023-2027

Technavio has been monitoring the biodegradable packaging materials market and is forecast to grow by $30958.3 mn during 2022-2027, accelerating at a CAGR of 6.03% during the forecast period. Our report on the biodegradable packaging materials 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 materials market is segmented as below:

By Application

• Food
• Beverage
• Pharmaceutical
• Personal and home care
• Others

By Product

• Paper
• Bioplastics

By Geography

• Europe
• North America
• APAC
• Middle East and Africa
• South America

This study identifies market expansion as one of the prime reasons driving the biodegradable packaging materials market growth during the next few years. Also, continuous development of new products and advances in the nano-reinforcement of bioplastic packaging will lead to sizable demand in the market.

Technavio 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. Our report on the biodegradable packaging materials market covers the following areas:

• Biodegradable packaging materials market sizing
• Biodegradable packaging materials market forecast
• Biodegradable packaging materials market industry analysis

Technavio's 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 materials market vendors that include Amcor Plc, BASF SE, BioPak Pty Ltd., Cargill Inc., Elevate Packaging Inc., Georgia Pacific LLC, Holmen AB, Hood Packaging Corp., International Paper Co., Kruger Inc., Mayr Melnhof Karton AG, Mondi plc, NatureWorks LLC, Novamont Spa, Plantic Technologies Ltd., Smurfit Kappa Group, Stora Enso Oyj, TotalEnergies SE, WestRock Co., and Oji Holdings Corp. Also, the biodegradable packaging materials 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.