Global Biodegradable Packaging Market Size By Material Type (Plastic, Paper and Paperboard), By Application (Food & Beverage, Personal Care), By Geographic Scope And Forecast

Biodegradable Packaging Market Size And Forecast

Biodegradable Packaging Market size was valued at USD 86.97 Billion in 2021 and is projected to reach USD 152.58 Billion by 2030, growing at a CAGR of 6.45% from 2023 to 2030.

People want biodegradable packaging, and here's whyWe're all getting more aware of how plastic messes up the planet, so naturally, we're looking for greener options, like packaging that breaks down on its own. Plus, everyone wants to buy stuff that's good for the environment and doesn't add to the carbon footprint, so that pushes up the demand too. And let's face it, there are more of us on Earth than ever before, making even more waste. We desperately need better ways to handle all that garbage, and biodegradable packaging is part of the answer. If you want the inside scoop, The Global Biodegradable Packaging Market report gives you the whole picture. It breaks down everything, like key areas, what's hot, what's holding things back, who the big players are, and what's really making a difference in the market.

Global Biodegradable Packaging Market Definition

Biodegradable packaging is a type of packaging made from materials that can break down and decompose naturally in the environment. This type of packaging is designed to reduce the impact of waste on the environment, as it can be decomposed by microorganisms and turned into natural elements, unlike traditional packaging materials like plastic, which can take hundreds of years to break down.

Biodegradable packaging has a variety of applications across different industries, including food & beverage, agriculture, retail, healthcare, logistic and many others. There are several types of biodegradable packaging materials are available in the market such as paper and cardboard, plant-based plastics, compostable plastics, natural fibers, mushroom packaging, and many others. Each type of biodegradable packaging has its own set of advantages and disadvantages, and the choice of material will depend on the specific needs and requirements of the application.

Materials used in biodegradable packaging can break down under the influence of microorganisms like bacteria, fungi, and algae. If a substance decomposes within a year and doesn’t harm the environment while doing so or subsequently, it is said to be biodegradable. Cornstarch, mushrooms, paper, plant-based cellulose, and seaweed are examples of typical material constituents.

Global Biodegradable Packaging Market Overview

You know, that whole biodegradable packaging thing? It's popping up everywhere. In the food and beverage world, it's all about wrapping up those easily spoiled goodies, helping cut down on waste and pollution. Farmers are using it too, for hauling fruits, veggies, and other stuff, making the journey from farm to table a little greener. Then there's retail, where you might find your new clothes, electronics, or even personal care items snuggled in biodegradable packaging. Don't forget healthcare! Think medical devices and drugs, all wrapped up in a way that's easier on the planet, helping to boost sustainability. And finally, even the logistics folks are getting in on the action, using it for shipping to keep that environmental impact nice and low.

Furthermore, governments around the world are implementing regulations to reduce plastic waste and promote the use of biodegradable packaging. This is driving demand for biodegradable packaging and reducing the use of single-use plastics. Moreover, advancements in technology have made it possible to produce biodegradable packaging materials that are affordable, functional, and environmentally friendly, driving demand for this type of packaging. These factors are contributing to the growing demand for biodegradable packaging globally and are expected to continue driving its growth in the future.

While biodegradable packaging has seen increasing demand globally, there are also several factors that are currently acting as constraints on its growth such as cost, limited biodegradability, limited infrastructure, lack of awareness, inconsistent quality, and completion from alternatives available in the market such as recycled materials, that are also environmentally friendly and have a reduced carbon footprint. These factors are currently acting as constraints on the growth of biodegradable packaging, but with continued innovation and investment, it is expected that many of these barriers will be overcome in the future.

The government’s expanding initiatives for the manufacture of biodegradable materials for packaging are expected to cause the market for compostable packaging to expand quickly. The growing investments in sustainable packaging options will cause the market for biodegradable packaging to grow profitably. Political partnerships and the emergence of new markets would also act as market drivers and increase beneficial opportunities for the industry’s growth rate.

Global Biodegradable Packaging Market Segmentation Analysis

The Global Biodegradable Packaging Market is Segmented on the basis of Material Type, Application, And Geography.

Biodegradable Packaging Market, By Material Type

• Plastic
  1. Starch-Based Plastics
  2. Cellulose-Based Plastics
  3. Polylactic Acid (PLA)
  4. Poly-3-Hydroxybutyrate (PHB)
  5. Polyhydroxyalkanoates (PHA)
  6. Other Plastic
• Paper & Paperboard
  1. Kraft Paper
  2. Flexible Paper
  3. Corrugated Fiberboard
  4. Boxboard
• Natural Fiber
  1. Jute
  2. Cotton
  3. Other

Based on the Type, the market is bifurcated into Plastic, Paper and Paperboard, and Natural Fiber. Molecular spectroscopy is anticipated to holds the largest market share by 2030. Paper and paperboard witnessing a highest market share by the forecasted period owing to the rising use of paper and paperboard for biodegradable packaging. These materials are made from renewable resources and are biodegradable and recyclable.

Biodegradable Packaging Market, By Application

• Food & Beverage
• Personal Care
• Healthcare
• Agriculture
• Retail
• Logistic
• Other

Based on the Application, the market is bifurcated food & beverage, personal care, healthcare, agriculture, retail, logistics, and Others. In terms of revenue share, the food & beverage dominated the global market in 2021. Biodegradable packaging is widely used in the food and beverage industry to wrap and store perishable items, as it helps to reduce food waste and environmental pollution.

Biodegradable Packaging Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

So, when we look at where biodegradable packaging is being used around the world, we see it's split into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. But Asia Pacific? They're set to really take the lead! We're expecting them to stay on top in the global market for biodegradable packaging for the foreseeable future. Why? Well, more and more people are grabbing ready-to-eat foods and drinks because, well, there are just more people! Plus, the companies making biodegradable packaging in places like China, India, Japan, and South Korea? They're probably going to focus on greener packaging options to keep up with what consumers want – you know, because everyone's getting more worried about the environment! All of that should really help the regional market grow.

Key Players

The “Global Biodegradable Packaging Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Be Green Packaging, Amcor, Mondi Group, Tetra Pak International SA, Elevate Packaging Inc., Imex Packaging, DS Smith, DuPont, Ball Corp, Novamont, NatureWorks, Danimer Scientific, and Other.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Recent Development

• Increased InvestmentWith the growing demand for biodegradable packaging, there has been increased investment in research and development, as well as in the production of new biodegradable packaging materials.
• Growing AwarenessThere is a growing awareness of the environmental impact of plastic waste and the need for more sustainable packaging solutions, leading to increased demand for biodegradable packaging.
• Expansion of Biodegradable Packaging MarketThe biodegradable packaging market is expanding into new applications and industries, including food and beverage packaging, agriculture, and medical devices.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Biodegradable Packaging Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Biodegradable Packaging Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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We'll take a close look at the market, breaking it down by segments using both financial and other factors, diving into the economic and the, well, less obvious stuff. You'll get the market value in good ol' USD Billion for each of those segments and sub-segments. We'll also point out which region and segment we think will be the fastest-growing and the biggest overall. Expect a geographical breakdown showing where the product/service is being used most, and what's influencing the market in each area. The report will also cover the competitive landscape, showing you who's on top, recent product launches, partnerships, expansions, and acquisitions from the last five years. Plus, you'll get detailed company profiles including overviews, insights, product comparisons, and SWOT analyses of the major players. We’ll share our view of the current and future market based on the latest happenings, including growth opportunities, drivers, challenges, and restraints in both new and established regions. We're also throwing in a deep dive using Porter's five forces analysis, and giving you a Value Chain perspective for added insight. Finally, we’ll give you the full market dynamics picture, highlighting growth possibilities for the coming years, plus 6 months of support from our analysts after the sale.

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