Global Biodegradable Packaging Materials Market Growth 2023-2029

Global Biodegradable Packaging Materials Market Growth 2023-2029

Biodegradable materials are materials that are readily decomposed by the action of microorganisms. Biodegradable packaging differs from conventional non-degradable packaging in terms of raw materials, production technology, applications, and composting. Biodegradable materials such as bio-plastic and paper are widely used in packaging applications because of their sustainable nature, material properties, and appearance.

LPI (LP Information)' newest research report, the “Biodegradable Packaging Materials Industry Forecast” looks at past sales and reviews total world Biodegradable Packaging Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Biodegradable Packaging Materials sales for 2023 through 2029. With Biodegradable Packaging Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biodegradable Packaging Materials industry.

This Insight Report provides a comprehensive analysis of the global Biodegradable Packaging Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biodegradable Packaging Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biodegradable Packaging Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biodegradable Packaging Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biodegradable Packaging Materials.

The global Biodegradable Packaging Materials market size is projected to grow from US$ 101620 million in 2022 to US$ 147290 million in 2029; it is expected to grow at a CAGR of 147290 from 2023 to 2029.

The rising demand for sustainable packaging materials among consumers will drive the growth prospects for the global biodegradable paper packaging materials market until the end of 2021. The market is witnessing a high rate of adoption of biodegradable paper or ecofriendly materials by retailers and intermediaries for packaging purposes because of various initiatives taken by governments of many countries to promote the use of sustainable packaging materials. Also, factors such as the growing consumer awareness, change in consumer attitudes, rising preference towards the environment-friendly packaging materials, and the increasing demand for these packaging materials from retail outlets will fuel the market’s growth. Moreover, the market is also driven by the growing inclination of various economies towards the globalization of trade. a number of developing and developed economies are expected to contribute attractive share to the global revenue. North America and Europe are anticipated to be potentially lucrative regional markets, with the growth driven by large technological advancements in manufacturing processes. Asia Pacific is expected to be a promising region, with burgeoning demand attributed to the rising adoption of recyclable materials in the food and beverages packaging sector.

This report presents a comprehensive overview, market shares, and growth opportunities of Biodegradable Packaging Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Corrugated Board
Flexible Paper
Boxboard

Segmentation by application
Food Packaging
Beverage Packaging
Electronic Packaging

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
International Paper
Mondi
Smurfit Kappa
Stora Enso

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biodegradable Packaging Materials market?

What factors are driving Biodegradable Packaging Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biodegradable Packaging Materials market opportunities vary by end market size?

How does Biodegradable Packaging Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.