Food Biodegradable Packaging Market Share

Global Food Biodegradable Packaging Market Overview

Food Biodegradable Packaging Market Size was valued at USD 210.5 Billion in 2022. The Food Biodegradable Packaging industry is projected to grow from USD 221.65 Billion in 2023 to USD 335.04 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.30% during the forecast period (2023 - 2032). Increasing demand for on-the-go and convenient packaging solutions are the key market drivers boosting market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Food Biodegradable Packaging Market Trends

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  Rising demand for biodegradable packaging is boosting the market growth.

  
  

An emerging trend in the market for food biodegradable packaging is the increased emphasis on sustainability and the utilization of environmentally friendly materials. Customers seek sustainable options and are more aware of the effects they have on the environment, especially when it comes to packing. The use of plant-based materials like algae, sugarcane, and corn starch to make biodegradable packaging is becoming more popular. Natural decomposition of these materials lowers pollution levels in the environment. It provides a workable solution to the persistent issue of plastic waste in the food business, in turn boosting market CAGR.

The transition of the food packaging industry to a circular economy is another noteworthy trend. This entails creating packaging that adheres to sustainability standards and may be recycled, composted, or reused. By offering package options that are simple to compost, biodegradable packaging contributes to a circular economy and efficiently reduces waste. This concept is being adopted by brands and manufacturers more frequently in order to comply with environmental impact and waste reduction regulations as well as sustainability goals.

The industry for biodegradable food packaging is seeing constant material science innovation. Scientists and business leaders are always working to improve the qualities and capabilities of biodegradable materials so they can perform on par with conventional plastic packaging. Advancements in biodegradable packaging render it a feasible option for a range of food items, thanks to increased heat resistance, superior tensile strength, and improved barrier qualities. Furthermore, it's usual practice to combine several biodegradable materials to attain desired grades, which results in the creation of adaptable and effective packaging solutions.

Clear and visible labeling on food packaging is becoming more and more in demand as consumers become more aware of the packaging they interact with. Customers look for precise information regarding the material composition and biodegradability of biodegradable packaging. In response, companies are educating consumers about the packaging's environmental friendliness through educational labeling. The market for food biodegradable packaging is driven by transparent labeling, which increases consumer trust and promotes the use of food products packaged with biodegradable materials. Thus propelling the Food Biodegradable Packaging market revenue.

Food Biodegradable Packaging Market Segment Insights

Food Biodegradable Packaging Type Insights

The Food Biodegradable Packaging market segmentation, based on Type, includes Recycled Content Packaging, Degradable Packaging, and Reusable Packaging. Recycled content packaging is the biggest market sector for food biodegradable packaging. The necessity for sustainable packaging solutions and the growing awareness of environmental issues are driving this market. Recycled content packaging reduces waste and the need for fresh resources by using materials that have already been used and then reprocessed to make new packaging. The market for recycled content packaging is expanding as a result of businesses using it more frequently to satisfy regulatory requirements, meet sustainability targets, and appeal to environmentally concerned customers.

Food Biodegradable Packaging Material Insights

The Food Biodegradable Packaging market segmentation, based on Material, includes Paper and paperboard, Plastic, Metal, and Glass. Paper and paperboard are the largest category in the food biodegradable packaging industry. The worldwide trend toward sustainable and environmentally friendly packaging solutions is responsible for this domination. Paper and paperboard are very desirable to environmentally conscious customers and regulatory authorities since they are renewable, biodegradable, and compostable materials. Furthermore, technological developments have improved paper-based packaging's strength, barrier qualities, and adaptability, making it suitable for a variety of food goods.

Figure 1: Food Biodegradable Packaging Market, by Material, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Food Biodegradable Packaging Application Insights

The Food Biodegradable Packaging market segmentation, based on the End-User Industry, includes Dairy Products, Bakery and confectionery, Convenience Food, Fruits and vegetables, Meat, Fish, and poultry Sauces, and Dressings and condiments. Convenience food makes up the largest portion of the food biodegradable packaging market. The demand for convenience foods, such as pre-packaged foods, snacks, and ready-to-eat meals, is rising as a result of changing lifestyles and hectic schedules. Packaging for these products has to be more effective and sustainable as consumers prioritize convenience. This demand is satisfied by biodegradable packaging, which also ensures comfort in handling, storing, and on-the-go consumption while adhering to the environmental trend. The expansion of this market is largely driven by convenience food packaging that uses biodegradable materials because they are environmentally beneficial.

Food Biodegradable Packaging Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Europe is the biggest market for food biodegradable packaging. The European Union's sustainability aims and initiatives, along with consumer knowledge of environmental issues and a strong demand for eco-friendly solutions, are among the factors propelling regional growth. Tight legislative measures supporting sustainable packaging are also contributing factors. Similarly, the German Food Biodegradable Packaging market held the major market share, and the UK Food Biodegradable Packaging market was the fastest-growing market in the European region.

Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: FOOD BIODEGRADABLE PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America is the second-largest region in the market for food biodegradable packaging. A growing emphasis on sustainable practices, growing consumer awareness of environmental impact, government regulations supporting eco-friendly packaging, and a strong presence of major market players funding R&D for cutting-edge biodegradable packaging solutions are some of the factors propelling growth.

The Asia-Pacific Food Biodegradable Packaging Market is expanding at the quickest rate. This expansion is being driven by a number of factors, including an increasing middle class, rising disposable incomes, growing environmental consciousness, and a growing desire for environmentally friendly and sustainable packaging options, especially in the region's emerging nations. Moreover, China’s Food Biodegradable Packaging market held the largest market share, and the Indian Food Biodegradable Packaging market was the fastest-growing market in the Asia-Pacific region.

Food Biodegradable Packaging Key Market Players & Competitive Insights

Leading market players in the very competitive food biodegradable packaging sector prioritize sustainability and new product development. Market participants are spending money on R&D to produce useful and environmentally friendly biodegradable packaging solutions. They are also undertaking market developments such as the common approach to increase market presence and improve product ranges through partnerships, mergers, and acquisitions.

Furthermore, a strong emphasis on cutting down on environmental impact and adhering to strict regulations has emerged as a crucial differentiator, creating a competitive atmosphere where innovation and sustainability are at the forefront of strategic objectives in the Food Biodegradable Packaging industry. Major players in the Food Biodegradable Packaging market include Crown Holdings Inc, Ball Corporation, Mondi Group, Huhtamaki Oyj, Smurfit Kappa, Tetra Pak, Westrock, Sealed Air Corporation, BASF, and Amcor.

With its headquarters in the USA, Crown Holdings Inc. is a leading provider of metal packaging technology. The company was established in 1892 and produces packaging goods for a range of markets, such as the food, beverage, and healthcare sectors. Crown Holdings has been looking at more environmentally friendly packaging options, even though its primary focus is still metal packaging, such as aluminum and tinplate cans. As of my most recent update in September 2021, Crown Holdings has been investigating and creating environmentally friendly packaging choices for the food industry. However, they haven't specifically emphasized any biodegradable packaging goods in their lineup. In response to the demands of the industry for sustainable packaging, they keep coming up with new ideas.

The Austrian-based Mondi Group is a leading leader in paper and packaging. With roots in the 1960s, Mondi is a multinational company that employs about 25,000 people in more than 30 countries. The company serves a variety of industries, including food and beverage, and is renowned for its creative and environmentally friendly packaging solutions. Up until my most recent update in September 2021, there was no explicit description of any particular Food Biodegradable Packaging product, despite their significant emphasis on sustainability in the accessible data. But in order to meet consumer needs for packaging that is both ecologically friendly and sustainable, Mondi continuously leads the way in research and development.

Key Companies in the Food Biodegradable Packaging market include

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  Crown Holdings Inc

  
  


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  Ball Corporation

  
  


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  Mondi Group

  
  


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  Huhtamaki Oyj

  
  


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  Smurfit Kappa

  
  


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  Tetra Pak

  
  


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  Westrock

  
  


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  Sealed Air Corporation

  
  


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  BASF

  
  


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  Amcor

  
  

Food Biodegradable Packaging Industry Developments

Jan 2022: Researchers from Harvard T.H. Chan School of Public Health in the United States and Nanyang Technological University (NTU) have collaborated to create a biodegradable food container that can preserve fruit longer than traditional synthetic plastic packaging.

Food Biodegradable Packaging Market Segmentation

Food Biodegradable Packaging Type Outlook

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  Recycled Content Packaging

  
  


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  Degradable Packaging

  
  


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  Reusable Packaging

  
  

Food Biodegradable Packaging Material Outlook

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  Paper & Paperboard

  
  


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  Plastic

  
  


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  Metal

  
  


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  Glass

  
  

Food Biodegradable Packaging Application Outlook

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  Dairy Products,

  
  


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  Bakery & Confectionery,

  
  


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  Convenience Food,

  
  


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  Fruits & Vegetables,

  
  


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  Meat, Fish, & Poultry Sauces,

  
  


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  Dressings & Condiments

  
  

Food Biodegradable Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America