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Biodegradable Packaging Market Share, Size, Trends, Industry Analysis Report By Product Type (Plastic, Paper); By End-use Industry (Food & Beverages, Healthcare, Homecare/Personal Care, Others); By Regions, Segments & Forecast, 2024 - 2032

Published May 24, 2024
Length 110 Pages
SKU # PLRS18922955

Description

Biodegradable Packaging Market Share, Size, Trends, Industry Analysis Report By Product Type (Plastic, Paper); By End-use Industry (Food & Beverages, Healthcare, Homecare/Personal Care, Others); By Regions, Segments & Forecast, 2024 - 2032



The global biodegradable packaging market is expected to reach USD 748.22 billion by 2032 according to a new study published by Polaris Market Research.

The global biodegradable packaging market has been divided based on product type, end-use industry and region. Considering the product type, the market is bifurcated into plastics and paper where the plastics held the largest market share followed by paper which is expected to grow at the fastest rate. Plastics are further segmented into cellulose, starch, PHA, and PLA among others whereas the paper is segmented into Kraft, flexible, corrugated, and box board. Among the various segments of the plastics, it is the starch and PLA that is expected to hold the largest market share. It is because of properties such as high strength and recyclability held by the starch polymers that have led to the starch and PLA holding a larger share of the overall market in the forecast period of 2018-2026.

Considering the end-use industry segment, the market for biodegradable packaging is divided into food & beverages, healthcare, and personal care/homecare among others. Among these industry segments, it is the food & beverages industry that held a higher market share in the biodegradable packaging market. The growing government regulations in terms of food packaging that is non-biodegradable and hampers the environment has resulted in higher usage of degradable or biodegradable packaging for food & beverages industry.

A few major driving factors for the biodegradable packaging market are the increasing demand for healthier, safer, and convenient food, along with growing consumer awareness towards eco-friendly products. Moreover, the improving environmental awareness among people and stricter governmental regulations have led to the usage of eco-friendly materials resulting in an increase in the demand for biodegradable packaging. Among the regions, Europe is expected to hold the largest market share in the global biodegradable packaging market over the forecast period of 2018-2026, followed by North America and Asia Pacific.

A few key business strategies adopted by companies operating in the biodegradable packaging market are new technology and product development, geographical expansion, and mergers & acquisitions among others. For example, Amcor announced about its plan to become the first global packaging company to develop all its packaging as recyclable or reusable by 2025. Amcor has also teamed up with Plantic Technologies for developing a flexible and biodegradable plastic packaging for confectionery.

The leading players operating in the biodegradable packaging market globally are Kruger Inc., Clearwater Paper Corporation, International Corp., Mondi Group, Amcor, Rocktenn, Novamont S.P.A., Smurfit Kappa Group, Reynolds Group Holding Limited, Stora Enso, and BASF SE among others.

Table of Contents

110 Pages
1. Overview and Scope
1. Research goal & scope
2. Research assumptions
3. Research Methodology
1. Primary data sources
2. Secondary data sources
4. Key take-away
5. Stakeholders
2. Executive Summary
1. Market Definition
2. Market Segmentation
3. Biodegradable Packaging Market Insights
1. Biodegradable Packaging– Industry snapshot
2. Biodegradable Packaging-Ecosystem analysis
3. Biodegradable Packaging market dynamics
1. Biodegradable Packaging– Market Forces
1. Biodegradable Packaging Market driver analysis
2. Biodegradable Packaging Market restraint/challenges analysis
3. Biodegradable Packaging Market opportunity analysis
4. Industry analysis - Porter's five force
1. Bargaining power of supplier
2. Bargaining power of buyer
3. Threat of substitute
4. Threat of new entrant
5. Degree of competition
5. Biodegradable Packaging market PEST analysis, 2017
6. Biodegradable Packaging market Value Chain analysis
7. Biodegradable Packaging Industry trends
8. Competitive Ranking Analysis
4. Biodegradable Packaging Market Size and Forecast by Product Type, 2018-2026
1. Key Findings
2. Plastics
3. Paper
5. Biodegradable Packaging Market Size and Forecast by End-use Industry, 2018-2026
1. Key Findings
2. Food & Beverages
3. Healthcare
4. Personal care/ Homecare
5. Others
6. Biodegradable Packaging Market Size and Forecast by Regions
1. Key findings
2. North America
1. U.S.
2. Canada
3. Europe
1. Germany
2. UK
3. France
4. Asia Pacific
1. China
2. India
3. Japan
5. Latin America
1. Brazil
2. Mexico
6. Middle East & Africa
7. Company Profiles
1. Smurfit Kappa Group
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
2. International Corp.
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
3. Mondi Group
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
4. Stora Enso
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
5. Clearwater Paper Corporation
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
6. Amcor
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
7. Rocktenn
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
8. Novamont S.P.A.
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
9. Kruger Inc.
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
10. Reynolds Group Holding
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
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