Global Biodegradable Paper Packaging Materials Market Overview:
Biodegradable paper packaging materials are those made from natural fibers such as wood pulp, bamboo, sugarcane bagasse, and other renewable resources. These materials are designed to break down into harmless natural elements when they are disposed of, typically through composting or in natural environments. Increasing awareness about plastic pollution and its environmental impact has led consumers, businesses, and governments to seek alternative packaging solutions that are biodegradable and eco-friendly.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Ongoing Research and Development Efforts Have Led To Advancements in Biodegradable Paper Packaging Materials, Improving Their Performance, Durability, and Barrier Properties
Market Growth Drivers:
Increasing Awareness about Environmental Sustainability, Stringent Regulations against Plastic Pollution, Consumer Demand for Eco-Friendly Packaging
Challenges:
Sourcing Sustainable Raw Materials for Biodegradable Paper Packaging, Such As Certified Forest Products or Agricultural Residues, Can Pose Challenges Due To Supply Chain Complexities and Fluctuations in Availability
Restraints:
Higher Production Costs Compared to Conventional Packaging Materials
Opportunities:
Technological Advancements in Biodegradable Packaging Materials and Expansion of Distribution Networks in Emerging Economies Provide Opportunities to the Market
Competitive Landscape:
Manufacturers focus on constantly innovating and developing new biodegradable paper packaging solutions that meet the evolving needs of consumers and industries. This can include advancements in material science, design, and functionality to improve performance and sustainability. Apart from this, profitable acquisitions and mergers as well as mutual partnerships help firms maintain their competitive edge.
Some of the key players profiled in the report are Mondi Group (United Kingdom), Smurfit Kappa Group Plc (Ireland), WestRock (United States), International Paper Company (United States), Stora Enso (Finland), Huhtamaki Group (Finland), DS Smith (Belgium), Amcor plc (Australia), Sappi Limited (South Africa) and Georgia-Pacific LLC (United States). Additionally, following companies can also be profiled that are part of our coverage like Cascades Inc. (Canada) and BioPak (United Kingdom). Considering Market by Distribution Channel, the sub-segment i.e. Online Retailers will boost the Biodegradable Paper Packaging Materials market. Considering Market by End-Use Industry, the sub-segment i.e. Food and Beverage Industry will boost the Biodegradable Paper Packaging Materials market.
Latest Market Insights:
In February 2024, Mondi plc (Mondi), a company in the production of sustainable packaging and paper, completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million.
In September 2023, the UK food market first as Mondi launched new recyclable paper-based packaging with Veetee and In November 2022, Huhtamaki, a manufacturer of sustainable packaging solutions, expanded paper-based packaging capacity at its factory in Nules, Spain. This latest investment reflects the growing demand from for renewable and recyclable paper-based packaging to substitute rigid plastics.
In the United States, the EPA regulates various aspects of environmental protection, including waste management and pollution prevention. They may set guidelines or standards related to biodegradable packaging materials and their environmental impact.
What Can be Explored with the Biodegradable Paper Packaging Materials Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biodegradable Paper Packaging Materials Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biodegradable Paper Packaging Materials
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biodegradable Paper Packaging Materials market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biodegradable Paper Packaging Materials market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Biodegradable Paper Packaging Manufacturers, Suppliers and Distributors, New Entrants/Investors, Government Regulatory and Research Organizations, End-Use Industries, Market Research & Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.