Market Research Future (MRFR) has published on the “Global Biodegradable Packaging Market”.
The global Biodegradable Packaging Market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Biodegradable Packaging market— Stora Enso Oyj, Smurfit Kappa Group, WestRock Company, Georgia-Pacific LLC, Smurfit Kappa Group, Amcor plc, Pactiv Evergreen Inc., Berry Global Group, Huhtamaki Oyj, Mondi Group, Tetra Pak International S. A, Swedbrand Groups, Winpak Ltd., Stora Enso Oyj, Georgia-Pacific LLC, and Kruger Inc.
Biodegradable Packaging Market Highlights
The global Biodegradable Packaging market is estimated to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 1,87,614.0 Million by 2032.
Stringent government regulations play a pivotal role in driving the global biodegradable packaging market. As the world grapples with the environmental consequences of plastic pollution, governments worldwide are implementing and strengthening regulations and policies to curb the use of single-use plastics and promote sustainable packaging alternatives. These regulations act as a catalyst for the adoption of Biodegradable Packaging and significantly impact the growth and development of the market.
The increasing global concern over plastic pollution has prompted governments to take action to mitigate its adverse effects on ecosystems, wildlife, and human health. Governments recognize that the traditional plastic packaging industry is a significant contributor to this problem, and they are actively striving to address it through legislative measures. The regulatory landscape varies from country to country, but the overarching goal is to reduce plastic waste and promote sustainable packaging practices.
One of the most common regulatory measures adopted by governments is the implementation of bans or restrictions on single-use plastics. Single-use plastics, including plastic bags, straws, cutlery, and beverage containers, are major contributors to the plastic waste stream. Governments have recognized the need to limit the production and consumption of these items and have implemented bans or levies to discourage their use. These regulations create a demand for alternative packaging solutions, and biodegradable packaging emerges as a viable and sustainable option.
In addition to bans, governments also impose requirements and standards for packaging materials. They set guidelines and specifications for eco-friendly packaging that promote recyclability, composability, and biodegradability. These regulations often include labeling requirements to ensure clear identification of biodegradable packaging, preventing greenwashing and misleading claims. By establishing these standards, governments incentivize manufacturers to adopt Biodegradable Packaging and ensure their adherence to environmental best practices.
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Segment Analysis
The global Biodegradable Packaging market has been segmented based on material, packaging format, and end user.
Based on Material, the market has been segmented into Paper & Paperboard, Bioplastic (Polylactic Acid (PLA), Cellulose-based, Starch-based, Polybutylene succinate, Others (Protein-based plastics etc.)) and Bagasse. Among them, the Paper & Paperboard segment is the largest segment of the market accounting for 53.71% of the global market in 2022.
The global Packaging Format market, the biodegradable packaging market has segmented into bottles & jars, boxes & cartons cans, trays & clamshells, cups & bowls, pouches & bags, films & wraps, labels & tapes, and others (stick pack, sachets, etc.). Boxes & Cartons segment held the largest market share 23.31% in 2022.
Based on End User, the biodegradable packaging market has segmented into food & beverage, personal care & cosmetics, pharmaceuticals, homecare, and other consumer goods. The Food & Beverage segment held the largest market share 38.81%in 2022.
Regional Analysis
The global Biodegradable Packaging market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe global Biodegradable Packaging market comprises of Germany, France, the UK, Italy, Spain, Netherland, Switzerland, Sweden, Poland, Belgium, Austria, Norway, Denmark, Ireland, Finland, and the rest of Europe. The global Biodegradable Packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa global Biodegradable Packaging market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The global Biodegradable Packaging market in South America has been segmented into Brazil, Argentina, and Rest of South America.
The largest market share for Biodegradable Packaging was maintained by the Asia-Pacific regional sector. China has emerged as a leading market for biodegradable packaging in the Asia Pacific region. The Chinese government has implemented strict regulations and policies to tackle plastic pollution, promoting the adoption of biodegradable alternatives. The country's vast population and increasing consumer awareness about environmental issues have fueled the demand for sustainable packaging. Additionally, China's growing e-commerce sector and rising middle class present lucrative opportunities for biodegradable packaging solutions. India is another major player in the Asia Pacific biodegradable packaging market. With a population of over 1.4 billion, the country faces significant challenges in waste management. As a result, the Indian government has implemented policies to curb plastic waste, including bans on single-use plastics in several states. This has stimulated the demand for biodegradable packaging solutions. Moreover, India's focus on promoting a circular economy and sustainable development provides a favorable environment for the growth of biodegradable packaging in various industries, such as food and beverages, pharmaceuticals, and personal care.
Moreover, In North America, the U.S. biodegradable packaging market is expected to experience substantial growth in the forecast period, driven by the rising demand for bio-based packaging in the food and consumer goods sectors. Bio bags and bio-based plastics offer advantages such as higher tensile strength, eco-friendliness, and convenience compared to conventional plastics. This, in turn, is expected to drive the demand for biodegradable plastics. Furthermore, the expansion of composting infrastructure and increased government efforts to reduce landfilling, such as the U.S. 2030 Food Loss and Waste Reduction Goal, are anticipated to boost the demand for bio-based or compostable bags used for the collection of food waste and organic materials. Another significant factor driving the U.S. biodegradable packaging market is the increased usage of biodegradable plastics in medical applications. Plastics like PLA are being increasingly used in the production of personal protective equipment (PPE) such as masks, face shields, and other medical equipment. Manufacturers are actively involved in producing and developing safer and antibacterial biodegradable plastics to meet the growing demand for PPE following the impact of the COVID-19 pandemic.
Furthermore, The Europe biodegradable packaging market is growing rapidly, as consumers and businesses become more aware of the environmental impact of traditional plastics. Biodegradable packaging is made from materials that can be broken down by microorganisms in the environment, leaving no harmful residue. This makes it a more sustainable alternative to traditional plastics, which can take hundreds of years to decompose.
Additionally, The South America biodegradable packaging market has experienced significant growth in recent years due to increasing environmental concerns and a shift towards sustainable practices. Biodegradable packaging refers to materials that can be broken down naturally by biological processes, reducing the negative impact on the environment compared to traditional non-biodegradable packaging. One of the key factors driving the growth of the biodegradable packaging market in South America is the rising awareness of environmental issues. Consumers are becoming more conscious of the harmful effects of non-Biodegradable Packaging, such as plastic, on ecosystems and are actively seeking alternatives. Biodegradable packaging provides a sustainable solution by reducing waste and minimizing pollution.
Furthermore, The food and beverage industry are a key driver of the biodegradable packaging market in the MEA region. With the region's growing population and rising disposable incomes, the demand for packaged food and beverages has surged. Biodegradable packaging offers advantages such as extended shelf life, improved food safety, and reduced carbon footprint, making it an attractive option for both consumers and manufacturers in the region. The MEA region is witnessing the emergence of several local and international players in the biodegradable packaging market. These companies are investing in research and development to introduce innovative and cost-effective packaging solutions. They are also collaborating with manufacturers and retailers to develop customized packaging solutions that meet specific requirements.
Key Findings of the Study
- The global Biodegradable Packaging market is expected to reach USD 1,87,614.0 Million by 2032, at a CAGR of 5.90% during the forecast period.
- The Asia-Pacific Biodegradable Packaging market in Asia Pacific is growing rapidly and is expected to reach 74,523.8 million by 2032.
- Based on material, paper and paper board segment attributed to holding the largest market in 2022.
- Stora Enso Oyj, Smurfit Kappa Group, WestRock Company, Georgia-Pacific LLC, Smurfit Kappa Group, Amcor plc, Pactiv Evergreen Inc., Berry Global Group, Huhtamaki Oyj, Mondi Group are key market player.
- Based on end user, the food and beverage segment are dominating the market with a share of 38.81% in the year 2022.
- Based on packaging format, box & cartons are dominating the market with a share of 23.31% in the year 2022.
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Companies Covered | 15 |
Pages | 128 |
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