Biodegradable Packaging Market

Global Biodegradable Packaging Market Research Report: Information Based on By Type (Recycled Content Packaging, Reusable Packaging, and Degradable Packaging), By Material Type (Plastic, Paper & Paperboard, and Bagasse), By Packaging Format (Bottles & Jars, Boxes & Cartons, Cans, Trays & Clamshells, Cups & Bowls, Pouches & Bags, Films & Wraps, Labels & Tapes, and Others), By Application (Food & Beverages, Personal Care, Healthcare, and Others), By Distribution Channel (Wholesalers, Retailers, Distributors, Resellers, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Consumer Goods & Services | September 2023 | Report ID: EMR00160 | Pages: 217

Global Biodegradable Packaging Market is predicted to reach approximately USD 167.11 billion by 2031, at a CAGR of 7.96% from 2022 to 2031. Biodegradable packaging materials are designed to have a minimal impact on the environment compared to traditional packaging materials. These materials are made from organic substances that can naturally decompose and break down over time through biological processes. Biodegradable packaging aims to reduce waste and pollution by offering a sustainable alternative that reduces reliance on non-biodegradable materials. It is designed to provide effective protection and preservation of products during transportation and storage, while also minimizing environmental harm. The market for biodegradable packaging materials is driven by the growing demand for eco-friendly packaging solutions and the increasing emphasis on sustainability in various industries.

 

 

Global biodegradable packaging market REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

90.56 billion

Projected Market Value (2031)

167.11 billion

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Type, By Material Type, By Packaging Type, By Application Type, By Distribution Channel & By Region.

Segments Covered

By Type, By Material Type, By Packaging Type, By Application Type, By Distribution Channel & Region.

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global biodegradable packaging market Dynamics

The global biodegradable packaging market is driven by various factors. The increasing consumer awareness and preference for sustainable and eco-friendly packaging materials are major drivers propelling market growth. Additionally, stringent regulations and government initiatives promoting the use of biodegradable packaging further contribute to the market expansion. However, the high production costs associated with biodegradable packaging materials and the limited availability of raw materials pose challenges to market growth. Despite these restraints, the market presents opportunities for innovation and product development to meet the growing demand for environmentally friendly packaging solutions.

 

Global biodegradable packaging market Drivers

The market for biodegradable packaging materials is being driven by the growing consumer inclination towards sustainable packaging options. The increasing demand for recyclable and eco-friendly alternatives has led to a significant expansion in this market segment. These packaging solutions possess the unique characteristic of degrading or converting into natural materials when exposed to microbial action. Furthermore, these biodegradable polymers can be derived from fossil or bio-based sources and are typically manufactured using environmentally conscious processes. This surge in demand for environmentally friendly packaging is a reflection of the rising awareness and importance placed on environmental sustainability.

 

  • Restraints:

Certain constraints impede the biodegradable packaging industry's growth and adoption. One of the most significant problems is the higher cost of producing biodegradable materials compared to conventional packaging materials. Manufacturing procedures and raw material procurement for biodegradable packaging frequently incur additional costs, making it less economically viable for some enterprises. Furthermore, the limited availability and variety of biodegradable packaging choices makes satisfying diverse packaging needs across industries difficult. In addition, the pace of disintegration and efficacy of biodegradable materials can vary, necessitating careful selection and suitable disposal practises in order to achieve maximum environmental benefits.

 

  • Opportunities:

The biodegradable packaging market offers significant growth opportunities driven by increasing consumer demand for eco-friendly products. Growing adoption of sustainable practices by businesses and industries creates a favourable market environment. Government regulations promoting environmental conservation further boost the demand for biodegradable packaging solutions. Technological advancements in materials science and manufacturing processes enable the development of efficient and cost-effective packaging options. These factors combine to create a promising landscape for the expansion of the biodegradable packaging market across various industries and applications.

 

  • Segment Overview

By Type

The biodegradable packaging market is segmented based on type into recycled content packaging, reusable packaging, and degradable packaging. Recycled content packaging involves the use of materials derived from post-consumer or post-industrial waste, contributing to resource conservation. Reusable packaging promotes sustainability by providing long-lasting solutions that can be utilized multiple times. Degradable packaging materials have the property of breaking down into natural components through natural processes. These segmentation categories offer diverse options to cater to different environmental goals and consumer preferences.

 

By Material Type

The biodegradable packaging market is segmented based on material type into plastic, paper & paperboard, and bagasse. Biodegradable plastic materials offer sustainable alternatives to conventional plastics, reducing their environmental impact. Paper and paperboard materials provide renewable and recyclable packaging options with biodegradable properties. Bagasse, derived from sugarcane residue, is a natural and compostable material used for packaging. The segmentation by material type enables businesses and consumers to choose packaging solutions that align with their sustainability objectives and contribute to the reduction of plastic waste and environmental pollution

 

By Packaging Type

The biodegradable packaging market is segmented based on packaging format into bottles & jars, boxes & cartons, cans, trays & clamshells, cups & bowls, pouches & bags, films & wraps, labels & tapes, and others. These different packaging formats cater to various product categories and offer sustainable alternatives to traditional packaging. From beverages to food, cosmetics, and more, businesses can choose the appropriate biodegradable packaging format that aligns with their product requirements and sustainability goals, driving the growth of the market.

 

By Application Type

The biodegradable packaging market is segmented based on application into food & beverages, personal care, healthcare, and others. Among these, the food & beverage industry holds a dominant position in the global market for biodegradable packaging. With the increasing consumer demand for sustainable packaging solutions in the food and beverage sector, biodegradable packaging offers a viable and eco-friendly alternative. From packaging perishable goods to ensuring product freshness and safety, biodegradable packaging addresses the unique requirements of the food and beverage industry, driving the growth of the market.

 

By Distribution Channel

The biodegradable packaging market is segmented based on distribution channel into wholesalers, retailers, distributors, and others. Among these, the wholesaler sub-segment is anticipated to lead the global market. The increasing demand for biodegradable packaging in the commercial food and beverage sector drives the growth of this segment. Wholesalers play a vital role in distributing biodegradable packaging solutions, ensuring the availability of sustainable packaging alternatives to meet the rising consumer demand. Their extensive distribution networks and partnerships contribute significantly to the market's growth and accessibility

 

Global biodegradable packaging market Overview by Region.

North America

The North America region holds the dominant position in the biodegradable packaging market. The region has witnessed significant growth due to the increasing consumer demand for sustainable and eco-friendly packaging solutions. Stringent regulations and initiatives promoting environmental sustainability have also contributed to the market's growth in North America. Additionally, the presence of key market players, technological advancements, and high awareness among consumers about the importance of sustainable packaging further support the region's leading position in the biodegradable packaging market.

 

Asia Pacific

The Asia Pacific region is expected to exhibit a strong growth trajectory in the biodegradable packaging market. With a significant market share and a high compound annual growth rate (CAGR), the region is witnessing a surge in demand for sustainable packaging solutions driven by the growing awareness among consumers and stringent environmental regulations. The rise in population, rapid urbanization, and increasing disposable incomes in countries like China and India contribute to the market's growth. The Asia Pacific region presents immense opportunities for market players to expand their presence and capitalize on the growing demand for biodegradable packaging solutions.

 

Global biodegradable packaging market Competitive Landscape

The biodegradable packaging market boasts a highly competitive landscape, with several established companies striving to capture a significant market share. Key players in the market are focusing on product innovation, sustainable packaging solutions, and strategic partnerships to gain a competitive edge. These companies are also investing in research and development activities to enhance their product offerings and meet the evolving consumer demands for eco-friendly packaging solutions. The intense competition among market players is driving continuous advancements and technological developments in the biodegradable packaging industry. The major players in the market are, Sealed Air, Amcor, DS Smith, Ball Corp., Evergreen Packaging, Tetra Laval, Mondi, Nampak, DuPont, Be Green Packaging.

 

Global biodegradable packaging market Recent Developments

In April 2023,

Amcor revealed its plans to allocate $100 million towards the enhancement of its biodegradable packaging business. The investment will facilitate the expansion of Amcor's production capacity and the creation of innovative biodegradable packaging solutions.

 

In March 2023,

Mondi unveiled its plans to introduce a range of biodegradable packaging crafted from sugarcane. The newly developed packaging line is specifically tailored for applications in the food and beverage sector.

 

In February 2023,

Tetra Pak revealed its intention to introduce a new series of biodegradable packaging derived from wood pulp. The innovative packaging line is specifically designed for the dairy industry.

 

Scope of Global biodegradable packaging market Report

Global biodegradable packaging market Report Segmentation

ATTRIBUTE

DETAILS

By Type

  • Recycled Content Packaging
  • Reusable Packaging
  • Degradable Packaging

By Material Type

  • Plastic
  • Paper & Paperboard
  • and Bagasse

By Packaging Type

  • Bottles & Jars
  • Boxes & Cartons
  • Cans
  • Trays & Clamshells
  • Cups & Bowls
  • Pouches & Bags
  • Films & Wraps
  • Labels & Tapes
  •  Others

By Application Type

  • Food & Beverages
  • Personal Care
  • Healthcare
  • Others

By Distribution Channel

  • Wholesalers
  • Retailers
  • Distributors
  • Resellers
  • Others

By Connection

  • Online
  • Offline

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

 

  • Global biodegradable packaging market Size and Forecast:

To identify and estimate the market size for Global biodegradable packaging market segmented by technology, component, payment mode, vertical, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of contactless payment between 2023 and 2031.

 

  • Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for Global biodegradable packaging market

 

  • Market Influencing Factors:

To find out the factors which are affecting the market of global biodegradable packaging market among consumers

 

  • Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global biodegradable packaging market forecast period is 2023 - 2031
According to Global biodegradable packaging market research, the market is expected to grow at a CAGR of ~ 7.96% over the next eight years.
The possible segments in Global biodegradable packaging market are Based on By Type, By Material Type, By Packaging Type, By Application Type, By Distribution Channel & By Region.
The expected market size for Global biodegradable packaging market is 167.11 billion
The major players in the market are, Sealed Air, Amcor, DS Smith, Ball Corp., Evergreen Packaging, Tetra Laval, Mondi, Nampak, DuPont, Be Green Packaging.