Biodegradable Packaging Market
Biodegradable Packaging Market Forecasts to 2030 - Global Analysis By Type (Recycled Content Packaging, Reusable Packaging, Degradable Packaging and Other Types), Material, Packaging, Application, Distribution Channel and by Geography
According to Stratistics MRC, the Global Biodegradable Packaging Market is accounted for $523.75 billion in 2024 and is expected to reach $835.75 billion by 2030 growing at a CAGR of 8.1% during the forecast period. Biodegradable packaging is a novel approach to sustainable materials that reduces environmental impact through a natural decomposition process. Biodegradable packaging, in contrast to conventional packaging composed of plastics derived from petroleum, is generally made from renewable resources like cellulose, cornstarch, and plant-based polymers. In the natural environment, these materials decompose more quickly, cutting down on waste and pollution.
According to the Sustainable Packaging Coalition, biodegradable packaging is essential for reducing the environmental footprint of packaging materials, as it helps decrease landfill waste and promotes the use of renewable resources.
Market Dynamics:
Driver:
Initiatives for corporate sustainability
The significance of sustainability in business operations is becoming more widely acknowledged. A lot of businesses have set high standards for sustainability, like using renewable resources, cutting back on waste, and lowering carbon footprints. As a means of demonstrating environmental responsibility, these initiatives frequently include pledges to use biodegradable packaging. Additionally, companies that put sustainability first not only attract environmentally conscious customers but also improve their brand image, giving them a competitive advantage in the market.
Restraint:
Insufficient infrastructure
The proper infrastructure is needed for the composting or recycling of biodegradable packaging, but it is not always available. Many areas lack the infrastructure required for commercial composting or have insufficient waste management systems to properly handle biodegradable materials. Because of inadequate conditions, biodegradable packaging may end up in landfills instead of breaking down as intended. Furthermore, the appeal and environmental benefits of biodegradable packaging may be diminished in the absence of a strong infrastructure.
Opportunity:
Government assistance and incentives
The use of biodegradable packaging is one of the many incentives that governments and international organizations are promoting. These incentives may come in the shape of grants, tax exemptions, financial aid for research and development, or other forms of support. Moreover, government initiatives promoting environmentally friendly technology and ethical business conduct may assist in defraying the upfront expenses related to switching to biodegradable packaging. Support like this can spur market expansion and inspire more companies to use environmentally friendly products.
Threat:
Conventional plastics competition
The market for biodegradable packaging is seriously threatened by traditional plastics lower costs and well-established production infrastructure. Many businesses continue to find conventional plastic packaging appealing due to its affordability and convenience, even in light of the growing awareness of environmental issues. Biodegradable alternatives face difficulties competing with plastics due to their widespread use in many industries and their well-established performance characteristics. Furthermore, the petrochemical sector, which creates conventional plastics, has the power and means to thwart the transition to biodegradable alternatives.
Covid-19 Impact:
The market for biodegradable packaging has seen conflicting effects from the COVID-19 pandemic. While businesses prioritized cost-cutting measures and encountered challenges sourcing raw materials, supply chain disruptions and economic uncertainty have, on the one hand, slowed down production and adoption. Conversely, though, the pandemic raised consumer consciousness about environmental and hygienic concerns, which raised the need for safe and environmentally friendly packaging options.
The Degradable Packaging segment is expected to be the largest during the forecast period
The Degradable Packaging segment has the largest market share in biodegradable packaging. Packaging made of materials that decompose more quickly and safely in the environment than conventional plastics is known as biodegradable packaging. Polylactic acid (PLA), polyhydroxyalkanoates (PHA), and other biopolymers made from renewable resources are among the biodegradable materials included in this section. Moreover, degradable packaging is becoming more and more popular due to growing consumer awareness of plastic pollution, strict government regulations aimed at reducing plastic waste, and an increase in the demand for sustainable packaging solutions from a variety of industries.
The Pouches & Bags segment is expected to have the highest CAGR during the forecast period
In the biodegradable packaging market, the Pouches & Bags segment is anticipated to grow at the highest CAGR. This expansion is a result of the growing need in a number of sectors, such as food and beverage, personal care, and pharmaceuticals, for flexible and environmentally friendly packaging solutions. Biodegradable bags and pouches provide a flexible and sustainable substitute for conventional plastic packaging. Additionally, they have a lower carbon footprint, require less material to produce, and are lightweight. Pouch and bag systems are very popular with both consumers and businesses due to their efficiency and convenience for storage, transportation, and final use.
Region with largest share:
The market for biodegradable packaging is expected to be dominated by the European region. The Single-Use Plastics Directive and other strict environmental laws imposed by the European Union have significantly increased the use of biodegradable packaging materials among its member states. Leading nations in the adoption of sustainable practices and the promotion of environmentally friendly packaging are the Netherlands, Germany, and France. Furthermore, the demand for sustainable products from consumers and the region’s strong commitment to reducing plastic waste has strengthened the market for biodegradable packaging.
Region with highest CAGR:
The market for biodegradable packaging is anticipated to grow at the highest CAGR in the Latin America region. Growing environmental consciousness and the adoption of sustainable practices in response to growing concerns about plastic pollution are the main drivers of this growth. Growing environmental consciousness among consumers and businesses is driving up demand for eco-friendly packaging solutions in countries like Brazil and Mexico. Moreover, the transition to biodegradable alternatives is also being aided by regional initiatives and government policies that are supportive of cutting down on plastic waste.
Key players in the market
Some of the key players in Biodegradable Packaging market include Cargill Incorporated, Tetra Pak International S. A, Georgia-Pacific LLC, DuPont, Amcor plc, Mitsubishi Chemical Holding Corporation, Winpak Ltd., BASF SE, Mondi Group PLC, Berry Global Group, Reynolds Group Holding Limited, Smurfit Kappa Group PLC, Novamont S.P.A, Ranpak Holding Corporation and NatureWorks.
Key Developments:
In April 2024, BASF signed a 25-year power purchase agreement (PPA) with China Energy Engineering Group Guangdong Electric Power Design Institute Co., Ltd. (GEDI) to purchase renewable electricity for its Zhanjiang Verbund site. The PPA is a further step in the renewable energy partnership between BASF and GEDI following the Letter of Intent (LOI).
In August 2023, DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions and regulatory approval.
In June 2023, Singapore-based Cargill Metals has entered into a multiyear agreement with Sweden-based industrial startup H2 Green Steel for the supply of green steel. The companies say the agreement aims to accelerate global ferrous supply chain decarbonization. According to Cargill, the agreement marks another major step for the company toward its vision to shape a responsible and sustainable ferrous supply chain that helps the world thrive.
Types Covered:
• Recycled Content Packaging
• Reusable Packaging
• Degradable Packaging
• Other Types
Materials Covered:
• Paper & Paperboard
• Bio-plastic
• Bagasse
• Other Materials
Packagings Covered:
• Bottles & Jars
• Boxes & Cartons
• Cans
• Trays & Clamshells
• Cups & Bowls
• Pouches & Bags
• Films & Wraps
• Labels & Tapes
• Stick pack
• Sachets
• Other Packagings
Applications Covered:
• Food & Beverage
• Personal Care & Cosmetics
• Pharmaceuticals
• Homecare
• Chemicals
• Shipping
• Other Applications
Distribution Channels Covered:
• Wholesalers
• Retailers
• Distributors
• Resellers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Biodegradable Packaging Market, By Type
5.1 Introduction
5.2 Recycled Content Packaging
5.3 Reusable Packaging
5.4 Degradable Packaging
5.5 Other Types
6 Global Biodegradable Packaging Market, By Material
6.1 Introduction
6.2 Paper & Paperboard
6.2.1 Kraft Paper
6.2.2 Flexible Paper
6.2.3 Corrugated Fiberboard
6.2.4 Boxboard
6.3 Bio-plastic
6.3.1 Polylactic Acid (PLA)
6.3.2 Cellulose-based
6.3.3 Starch-based
6.3.4 Polybutylene Succinate
6.3.5 Protein-based Plastics
6.4 Bagasse
6.5 Other Materials
7 Global Biodegradable Packaging Market, By Packaging
7.1 Introduction
7.2 Bottles & Jars
7.3 Boxes & Cartons
7.4 Cans
7.5 Trays & Clamshells
7.6 Cups & Bowls
7.7 Pouches & Bags
7.8 Films & Wraps
7.9 Labels & Tapes
7.10 Stick pack
7.11 Sachets
7.12 Other Packagings
8 Global Biodegradable Packaging Market, By Application
8.1 Introduction
8.2 Food & Beverage
8.3 Personal Care & Cosmetics
8.4 Pharmaceuticals
8.5 Homecare
8.6 Chemicals
8.7 Shipping
8.8 Other Applications
9 Global Biodegradable Packaging Market, By Distribution Channel
9.1 Introduction
9.2 Wholesalers
9.3 Retailers
9.4 Distributors
9.5 Resellers
10 Global Biodegradable Packaging Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Cargill Incorporated
12.2 Tetra Pak International S. A
12.3 Georgia-Pacific LLC
12.4 DuPont
12.5 Amcor plc
12.6 Mitsubishi Chemical Holding Corporation
12.7 Winpak Ltd.
12.8 BASF SE
12.9 Mondi Group PLC
12.10 Berry Global Group
12.11 Reynolds Group Holding Limited
12.12 Smurfit Kappa Group PLC
12.13 Novamont S.P.A
12.14 Ranpak Holding Corporation
12.15 NatureWorks
List of Tables
1 Global Biodegradable Packaging Market Outlook, By Region (2022-2030) ($MN)
2 Global Biodegradable Packaging Market Outlook, By Type (2022-2030) ($MN)
3 Global Biodegradable Packaging Market Outlook, By Recycled Content Packaging (2022-2030) ($MN)
4 Global Biodegradable Packaging Market Outlook, By Reusable Packaging (2022-2030) ($MN)
5 Global Biodegradable Packaging Market Outlook, By Degradable Packaging (2022-2030) ($MN)
6 Global Biodegradable Packaging Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Biodegradable Packaging Market Outlook, By Material (2022-2030) ($MN)
8 Global Biodegradable Packaging Market Outlook, By Paper & Paperboard (2022-2030) ($MN)
9 Global Biodegradable Packaging Market Outlook, By Kraft Paper (2022-2030) ($MN)
10 Global Biodegradable Packaging Market Outlook, By Flexible Paper (2022-2030) ($MN)
11 Global Biodegradable Packaging Market Outlook, By Corrugated Fiberboard (2022-2030) ($MN)
12 Global Biodegradable Packaging Market Outlook, By Boxboard (2022-2030) ($MN)
13 Global Biodegradable Packaging Market Outlook, By Bio-plastic (2022-2030) ($MN)
14 Global Biodegradable Packaging Market Outlook, By Polylactic Acid (PLA) (2022-2030) ($MN)
15 Global Biodegradable Packaging Market Outlook, By Cellulose-based (2022-2030) ($MN)
16 Global Biodegradable Packaging Market Outlook, By Starch-based (2022-2030) ($MN)
17 Global Biodegradable Packaging Market Outlook, By Polybutylene Succinate (2022-2030) ($MN)
18 Global Biodegradable Packaging Market Outlook, By Protein-based Plastics (2022-2030) ($MN)
19 Global Biodegradable Packaging Market Outlook, By Bagasse (2022-2030) ($MN)
20 Global Biodegradable Packaging Market Outlook, By Other Materials (2022-2030) ($MN)
21 Global Biodegradable Packaging Market Outlook, By Packaging (2022-2030) ($MN)
22 Global Biodegradable Packaging Market Outlook, By Bottles & Jars (2022-2030) ($MN)
23 Global Biodegradable Packaging Market Outlook, By Boxes & Cartons (2022-2030) ($MN)
24 Global Biodegradable Packaging Market Outlook, By Cans (2022-2030) ($MN)
25 Global Biodegradable Packaging Market Outlook, By Trays & Clamshells (2022-2030) ($MN)
26 Global Biodegradable Packaging Market Outlook, By Cups & Bowls (2022-2030) ($MN)
27 Global Biodegradable Packaging Market Outlook, By Pouches & Bags (2022-2030) ($MN)
28 Global Biodegradable Packaging Market Outlook, By Films & Wraps (2022-2030) ($MN)
29 Global Biodegradable Packaging Market Outlook, By Labels & Tapes (2022-2030) ($MN)
30 Global Biodegradable Packaging Market Outlook, By Stick pack (2022-2030) ($MN)
31 Global Biodegradable Packaging Market Outlook, By Sachets (2022-2030) ($MN)
32 Global Biodegradable Packaging Market Outlook, By Other Packagings (2022-2030) ($MN)
33 Global Biodegradable Packaging Market Outlook, By Application (2022-2030) ($MN)
34 Global Biodegradable Packaging Market Outlook, By Food & Beverage (2022-2030) ($MN)
35 Global Biodegradable Packaging Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
36 Global Biodegradable Packaging Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
37 Global Biodegradable Packaging Market Outlook, By Homecare (2022-2030) ($MN)
38 Global Biodegradable Packaging Market Outlook, By Chemicals (2022-2030) ($MN)
39 Global Biodegradable Packaging Market Outlook, By Shipping (2022-2030) ($MN)
40 Global Biodegradable Packaging Market Outlook, By Other Applications (2022-2030) ($MN)
41 Global Biodegradable Packaging Market Outlook, By Distribution Channel (2022-2030) ($MN)
42 Global Biodegradable Packaging Market Outlook, By Wholesalers (2022-2030) ($MN)
43 Global Biodegradable Packaging Market Outlook, By Retailers (2022-2030) ($MN)
44 Global Biodegradable Packaging Market Outlook, By Distributors (2022-2030) ($MN)
45 Global Biodegradable Packaging Market Outlook, By Resellers (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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