Compostable Plastic Packaging Market is predicted to reach USD 2.91 billion at a CAGR of 5.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Compostable Plastic Packaging Market”.

The Compostable Plastic Packaging market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Compostable Plastic Packaging market— TIPA LTD (Israel), Riverside Paper Co. Inc. (US), SmartSolve Industries (US), Özsoy Plastik (Turkey), Ultra Green Sustainable Packaging (US), Hosgör Plastik (Turkey), Eurocell S.r.l (UK), Tetra Pak International SA (Switzerland), Kruger Inc. (Canada), Amcor PLC (Switzerland), Mondi (UK), International Paper Company (US), Smurfit Kappa (US), DS Smith (UK), Klabin SA (Brazil), Rengo Co. Ltd (Japan), WestRock Company (US), Stora Enso (Sweden), Bemis manufacturing company (US), Rocktenn (US), BASF SE (Germany), Clearwater Paper Corporation (US).

Compostable Plastic Packaging Market Highlights

The global Compostable Plastic Packaging market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 2.91 billion by 2032.

Growing consumer awareness of environmental sustainability is one of the major factors propelling the market for compostable plastic packaging . Customers are calling for more environmentally friendly options as they become more conscious of plastic litter and its effects on ecosystems. The industry is further propelled by regulatory initiatives that support sustainable packaging. Plastic packaging made of compostable materials allays these worries and provides an effective remedy that helps environmental objectives. In order to satisfy customer demands and comply with changing ecological requirements, businesses are implementing compostable choices, which is propelling a substantial increase in the market.

Segment Analysis

The global Compostable Plastic Packaging market has been segmented based on material, application, and end user industry.

On the basis of material, the market is segmented into PBAT, PBS, PLA, PHA, Starch Blends, and Others. PLA category represents the biggest market share for compostable plastic packaging. Its biodegradability, adaptability to diverse industries, and renewable sourcing from corn or sugarcane—which satisfies consumer desire for environmentally friendly alternatives to conventional plastics—have contributed to its popularity.

Based on application, the global Compostable Plastic Packaging market has been segmented into Bags, Pouches, Boxes, Bottles, Cups, Trays, Plates and bowls, and Others. Bags category constitute the biggest market segment for compostable plastic packaging in 2022. The widespread usage of bags in daily activities, such as grocery shopping, takeout, and packaging requirements, is the reason behind this.

Based on the end-use industry, the global Compostable Plastic Packaging market has been segmented into Food Service, Cosmetics and Personal Care, Homecare, Healthcare, and Others. The compostable plastic packaging market is dominated by the food service sector in 2022. This is mostly due to the food industry's growing emphasis on sustainability.

Regional Analysis

The global Compostable Plastic Packaging market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Compostable Plastic Packaging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Compostable Plastic Packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Compostable Plastic Packaging market comprises the Middle East, Africa, and Latin America.

The European regional sector maintained the largest market share for Compostable Plastic Packaging. Europe is at the forefront of sustainable packaging, focusing particularly on biodegradable plastic substitutes. Strong recycling infrastructure and benevolent regulatory frameworks fuel the market for compostable plastic packaging . Businesses and consumers alike are realizing the advantages for the environment, which is driving a significant market expansion in the area.

Moreover, the Asia Pacific market has been persistently growing over the forecast period. Demand for compostable plastic packaging  is rising in the Asia-Pacific area due to factors like rising population, fast urbanization, and an increasing number of environmentally concerned consumers. Governments are promoting environmentally friendly behaviors and offering incentives for using biodegradable plastics. Asia-Pacific is a major player in the global market for compostable plastic packaging  due to its enormous market potential.

Additionally, North America is anticipated to experience the quickest growth over the forecast period. The market for compostable plastic packaging is expanding quickly in North America as a result of stricter laws encouraging sustainable packaging options and rising environmental consciousness. The need for biodegradable polymers in packaging across industries is being driven by the region's embrace of environmentally friendly alternatives.

Furthermore, the rest of the world's Compostable Plastic Packaging market is divided into the Middle East, Africa, and Latin America. The demand for compostable plastic packaging is expanding in the Rest of the World region as sustainability gains prominence on a worldwide scale. Many nations are funding R&D to encourage the development of novel biodegradable packaging solutions. This industry has enormous growth potential because of the increasing demand for eco-friendly packaging options and increased awareness of environmental issues.Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Compostable Plastic Packaging Market

Key Findings of the Study

• The global Compostable Plastic Packaging market is expected to reach USD 2.91 billion by 2032, at a CAGR of 5.50% during the forecast period.


• Europe had notable market growth, which was ascribed to strict regulatory frameworks that promoted the use of biodegradable packaging, a sizable consumer base that was environmentally conscious, and businesses that took the initiative to lower their carbon impact.


• With a market share of between 45% and 55%, bags represent the largest application sector in the compostable plastic packaging market.


• TIPA LTD (Israel), Riverside Paper Co. Inc. (US), SmartSolve Industries (US), Özsoy Plastik (Turkey), Ultra Green Sustainable Packaging (US), Hosgör Plastik (Turkey), Eurocell S.r.l (UK), Tetra Pak International SA (Switzerland), Kruger Inc. (Canada), Amcor PLC (Switzerland), Mondi (UK), International Paper Company (US), Smurfit Kappa (US), DS Smith (UK), Klabin SA (Brazil), Rengo Co. Ltd (Japan), WestRock Company (US), Stora Enso (Sweden), Bemis manufacturing company (US), Rocktenn (US), BASF SE (Germany), Clearwater Paper Corporation (US).