Biodegradable Packaging

Biodegradable Packaging

Global Biodegradable Packaging Market to Reach $32.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Biodegradable Packaging estimated at US$13.4 Billion in the year 2020, is projected to reach a revised size of US$32.7 Billion by 2027, growing at a CAGR of 13.6% over the period 2020-2027.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 13.1% CAGR

The Biodegradable Packaging market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2027 trailing a CAGR of 13.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 11.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.

Select Competitors (Total 44 Featured) -

• BASF SE
• Biopac (UK) Ltd.
• Clearwater Paper Corporation
• Georgia-Pacific LLC
• International Paper Co.
• Kruger Inc.
• Mondi Ltd.
• NatureWorks LLC
• Novamont SpA
• Smurfit Kappa Group PLC
• Stora Enso Oyj
• WestRock Company

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