About Biodegradable Packaging
The global Biodegradable Packaging market is expected to witness high demand due to rising consumer awareness regarding the environmental impact of packaging products and a willingness to replace packaging materials by alternatives with a lower carbon footprint. Biodegradable packaging solutions are increasingly finding applications in a wide variety of industries due to their low environmental impact and high demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 6.1% |
The biodegradable packaging market is highly fragmented in nature. The key players mainly strive towards developing new technologies to manufacture biodegradable packaging material from various easily available natural resources. There are also huge investments in the research and development in order to develop innovative products which in turn would help the companies to gain a competitive advantage in the market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Biodegradable Packaging market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tetra Pak International SA (Sweden), Plastic Suppliers Inc. (United States), Amcor Limited (Australia), Bemis Company Inc. (United States), BASF SE (Germany), Biopac (UK) Ltd. (United Kingdom), Clearwater Paper Corporation (United States), Georgia-Pacific LLC (United States), International Paper Co. (United States) and Kruger Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Mondi Ltd. (South Africa), NatureWorks LLC (United States), Novamont S.p.A. (Italy), Smurfit Kappa Group PLC (Ireland), Stora Enso Oyj (Finland), WestRock Company (United States), DS Smith PLC (United Kingdom), Klabin SA (Brazil) and Rengo Co. Ltd (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Biodegradable Packaging market by Type (Plastic [Starch-Based Plastics, Cellulose-Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Other] and Paper), Application (Food & Beverage, Pharmaceutical & Biomedical, Home Care Packaging, Cosmetics and Others) and Region.
On the basis of geography, the market of Biodegradable Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Government Support For the Biodegradable Packaging and Rising Awareness among The Consumers
Market Growth Drivers:
Growing Conscientious Population and Increasing Demand due to Advanced and Efficient Packaging
Challenges:
Growing Investments for Non-biodegradable and Recyclable Packaging Solutions
Restraints:
Lack of Supply of Bio-plastics and Related Materials
Opportunities:
Growing Food & Beverage Industries across the Globe and Emerging Demand for Eco-Friendly Packaging across the WOrld
Market Leaders and their expansionary development strategies
In July 2019, Tetra Pak has announced that customers have started field-testing its paper straws for beverage products in Europe. The move means Tetra Pak is the first carton packaging company to provide such straws for beverage cartons in the region.
In April 2018, Tetra Pak launched a suite of new packaging materials, known as Tetra Pak Artistry, to help food and beverage producers revitalize the look and feel of its products.
Key Target Audience
Biodegradable Packaging Providers, Biodegradable Packaging Manufactures, Biodegradable Packaging Suppliers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.