Biodegradable Paper And Plastic Packaging Market
PUBLISHED: 2022 ID: SMRC21259
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Biodegradable Paper And Plastic Packaging Market

Biodegradable Paper and Plastic Packaging Market Forecasts to 2028 – Global Analysis By Packaging Type (Plastic, Paper), Application (Food Packaging, Catering Servicewares, Personal and Home Care Packaging), and By Geography

4.4 (72 reviews)
4.4 (72 reviews)
Published: 2022 ID: SMRC21259

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $9.43 BN

Projected Year Value (2028)

US $26.66 BN

CAGR (2021 - 2028)

16.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Biodegradable Paper and Plastic Packaging Market is accounted for $9.43 billion in 2021 and is expected to reach $26.66 billion by 2028 growing at a CAGR of 16.0% during the forecast period. Biodegradable packaging is characterized as a means of ensuring that goods are 100% safe against natural degradation. Consumers are changing their choice from synthetic plastic to biodegradable paper & plastic packaging because it is a very eco-friendly product with a low environmental impact. In different sectors, including packaging, food and beverages and the healthcare sector, biodegradable packaging has various applications.



Market Dynamics:

Driver:

Increasing environmental concerns


The need for low carbon footprint materials is increasing that will reduce the carbon emissions in the environment decreasing the impact of plastic polymers such as thermoplastics on climatic changes acting as a driver for the biodegradable paper & plastic packaging market. The biodegradable plastics are very much used in the packaging industry, as they are eco-friendly. With the increasing crude oil prices and the issues related to petroleum-based plastics (such as disposal and efficient waste management), the use of biodegradable plastic as an alternative (in various applications, like FMCG, hospital, and manufacturing) is increasing. This aforementioned factor is driving the market's growth. The increasing environmental concerns regarding plastic usage (as plastics contain toxic pollutants that harm plants, animals, and people) are driving the use of biodegradable plastic alternatives. Floating plastic waste that survives thousands of years in water can serve as a transportation device for invasive species that disrupt habitats. This aforementioned factor is contributing to the growth of the market.

Restraint:

High cost of biodegradable packaging


One of the foremost factors impeding market growth is the high cost of biodegradable packaging. Generally, the production cost of biodegradable plastics is 20-80% higher than that of conventional plastics. This is primarily due to the high polymerization cost of biodegradable plastics as most of the processes are still in the development stage and hence, have not achieved economies of scale. For example, PHAs, which have various applications in binders, synthetic papers, medical devices, electronic parts, food packaging, and agriculture, have high production costs, low yields, and limited availability. PLAs, which have a much lower production cost than PHAs, are still more expensive than petroleum-based PE and PP.

Opportunity:

Increasing biodegradable plastics demand


Primary biodegradable materials such as PLA and PHA are expected to dominate the biodegradable plastics packaging market over the forecast period owing to their superior properties such as enhanced impact resistance and tensile strength. Increasing biodegradable plastics demand as major packaging materials in industries such as food & beverages, textiles, consumer goods, and pharmaceuticals is presumed to augment market growth over the next seven years. Corrugated board and box-board are expected to be the largest biodegradable paper packaging product segments in the next seven years. Biodegradable plastics demand is predicted to increase in emerging BRICS economies over the foreseeable future owing to increasing food & beverage and electronic packaging industries in these countries. Changing lifestyle patterns coupled with increasing demand for packaged food products is expected to drive the food and beverage industry. This in turn is anticipated to increase biodegradable paper and plastic packaging market demand.

Threat:

Performance issues


The low barrier properties to air, water, and oxygen and low resistance to heat are some of the major performance issues related to biodegradable plastics. This restricts its penetration in various industries, including electronics and automotive. Moreover, poor mechanical properties such as low impact & tensile strength and process capabilities are restricting the penetration of biodegradable plastics in various applications. These performance limitations of biodegradable plastics act as a major challenge for the growth of the market.

The food packaging segment is expected to be the largest during the forecast period

The food packaging segment is estimated to have a lucrative growth due to the significant increase in consumer demand. Competition amongst industry participants for product differentiation is expected to augment biodegradable paper and plastic packaging market growth in the food packaging application segment.

The paper segment is expected to have the highest CAGR during the forecast period

The paper segment is anticipated to witness the fastest CAGR growth during the forecast period. Paper is often lauded as a far more environmentally friendly alternative. Biodegradable papers have been used in flexible packaging for many applications, including confectionery, pet food and dried food. After many years of declining demand, paper-based flexible packaging is growing in popularity with the general public as end-consumers demand more sustainable packaging solutions. Consumers today widely view paper as a more environmentally friendly alternative to plastic.

Region with largest share:

Europe is projected to hold the largest market share during the forecast period due to the rising government initiatives that are promoting the use of bioplastic packaging. Countries such as Sweden, Germany, and U.K. emerged as leading consumer markets and are expected to witness stagnant growth over the forecast period. Especially, Germany is dominating in the Europe biodegradable paper & plastic packaging market due to the increasing demand of packed food product in plastic containers in the country.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the rise in population and urbanization. In the Asia Pacific region, countries such as China, Malaysia, India, and Thailand enhance market growth due to the increase in customer awareness toward biodegradable plastic and paper packaging products. The pharmaceuticals packaging business is rising in the Asia-Pacific region that in turn is propelling the market expansion.



Key players in the market:

Some of the key players profiled in the Biodegradable Paper and Plastic Packaging Market include Amcor Plc, BagInCo International, BASF SE, Bio-Eco, DS Smith, Georgia-Pacific LLC, Holmen AB, International Paper Co., Kruger Inc., Mondi Group, Plascon Group, PMMI Media Group, Reynolds Group, Smurfit Kappa Group Plc, Stora Enso Oyj, and WestRock.

Key Developments:

In February 2020, BASF and Fabbri Group (Italy) formed a joint venture to develop a sustainable solution for cling film used in fresh-food packaging. The film will be used in wrapping meat, seafood, and fresh fruits & vegetables. It will be made by the Fabbri group with BASF's Ecovio bioplastic and will boost the demand for biodegradable plastics in packaging applications.

In July 2021, Amcor has partnered with world-leading compostable packaging producer, TIPA, to bring compostable packaging to Australia and New Zealand (ANZ). Under the new partnership, Amcor will collaborate with TIPA to locally manufacture, supply, and distribute their trademarked and certified compostable solutions in ANZ. The packaging produced by this partnership will be compostable either at home or via municipal collection.

In October 2021, Smurfit Kappa Bag-in-Box introduces a new and more sustainable version of its highly regarded Vitop® tap, the new Vitop® Renew, which is made from bio-based PP resins. This innovative development now combines an approach already taken with the bag inside the box, which is manufactured of E-recycled film EVOH, containing raw materials issued from plastic chemical recycling. This means the new bags are composed of 53% recycled and renewable content.
 
Packaging Types Covered:
• Plastic
• Paper

Applications Covered:
• Food Packaging
• Catering Servicewares
• Personal and Home Care Packaging
• Pharmaceuticals & Healthcare Packaging
• Beverage Packaging
• Consumer Goods & Electronic Appliances
• Logistics

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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 Paper and Plastic Packaging Market, By Packaging Type  
 5.1 Introduction       
 5.2 Plastic        
 5.3 Paper         
          
6 Global Biodegradable Paper and Plastic Packaging Market, By Application  
 6.1 Introduction       
 6.2 Food Packaging       
 6.3 Catering Servicewares      
 6.4 Personal and Home Care Packaging     
 6.5 Pharmaceuticals & Healthcare Packaging     
 6.6 Beverage Packaging       
 6.7 Consumer Goods & Electronic Appliances    
 6.8 Logistics        
          
7 Global Biodegradable Paper and Plastic Packaging Market, By Geography  
 7.1 Introduction       
 7.2 North America       
  7.2.1 US       
  7.2.2 Canada       
  7.2.3 Mexico       
 7.3 Europe        
  7.3.1 Germany       
  7.3.2 UK       
  7.3.3 Italy       
  7.3.4 France       
  7.3.5 Spain       
  7.3.6 Rest of Europe      
 7.4 Asia Pacific        
  7.4.1 Japan       
  7.4.2 China       
  7.4.3 India       
  7.4.4 Australia       
  7.4.5 New Zealand      
  7.4.6 South Korea      
  7.4.7 Rest of Asia Pacific      
 7.5 South America       
  7.5.1 Argentina      
  7.5.2 Brazil       
  7.5.3 Chile       
  7.5.4 Rest of South America     
 7.6 Middle East & Africa      
  7.6.1 Saudi Arabia      
  7.6.2 UAE       
  7.6.3 Qatar       
  7.6.4 South Africa      
  7.6.5 Rest of Middle East & Africa     
          
8 Key Developments        
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 8.2 Acquisitions & Mergers      
 8.3 New Product Launch      
 8.4 Expansions       
 8.5 Other Key Strategies      
          
9 Company Profiling         
 9.1 Amcor Plc       
 9.2 BagInCo International      
 9.3 BASF SE        
 9.4 Bio-Eco        
 9.5 DS Smith        
 9.6 Georgia-Pacific LLC       
 9.7 Holmen AB       
 9.8 International Paper Co.      
 9.9 Kruger Inc.       
 9.10 Mondi Group       
 9.11 Plascon Group       
 9.12 PMMI Media Group       
 9.13 Reynolds Group       
 9.14 Smurfit Kappa Group Plc      
 9.15 Stora Enso Oyj       
 9.16 WestRock       


List of Tables         
1 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Region (2019-2028) ($MN)
2 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Packaging Type (2019-2028) ($MN)
3 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Plastic (2019-2028) ($MN)
4 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Paper (2019-2028) ($MN)
5 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Application (2019-2028) ($MN)
6 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Food Packaging (2019-2028) ($MN)
7 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Catering Servicewares (2019-2028) ($MN)
8 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Personal and Home Care Packaging (2019-2028) ($MN)
9 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Pharmaceuticals & Healthcare Packaging (2019-2028) ($MN)
10 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Beverage Packaging  (2019-2028) ($MN)
11 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Consumer Goods & Electronic Appliances (2019-2028) ($MN)
12 Global Biodegradable Paper and Plastic Packaging Market Outlook, By Logistics (2019-2028) ($MN)
13 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Country (2019-2028) ($MN)
14 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Packaging Type (2019-2028) ($MN)
15 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Plastic (2019-2028) ($MN)
16 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Paper (2019-2028) ($MN)
17 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Application (2019-2028) ($MN)
18 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Food Packaging (2019-2028) ($MN)
19 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Catering Servicewares (2019-2028) ($MN)
20 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Personal and Home Care Packaging (2019-2028) ($MN)
21 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Pharmaceuticals & Healthcare Packaging (2019-2028) ($MN)
22 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Beverage Packaging  (2019-2028) ($MN)
23 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Consumer Goods & Electronic Appliances (2019-2028) ($MN)
24 North America Biodegradable Paper and Plastic Packaging Market Outlook, By Logistics (2019-2028) ($MN)
25 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Country (2019-2028) ($MN)
26 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Packaging Type (2019-2028) ($MN)
27 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Plastic (2019-2028) ($MN)
28 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Paper (2019-2028) ($MN)
29 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Application (2019-2028) ($MN)
30 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Food Packaging (2019-2028) ($MN)
31 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Catering Servicewares (2019-2028) ($MN)
32 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Personal and Home Care Packaging (2019-2028) ($MN)
33 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Pharmaceuticals & Healthcare Packaging (2019-2028) ($MN)
34 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Beverage Packaging  (2019-2028) ($MN)
35 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Consumer Goods & Electronic Appliances (2019-2028) ($MN)
36 Europe Biodegradable Paper and Plastic Packaging Market Outlook, By Logistics (2019-2028) ($MN)
37 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Country (2019-2028) ($MN)
38 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Packaging Type (2019-2028) ($MN)
39 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Plastic (2019-2028) ($MN)
40 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Paper (2019-2028) ($MN)
41 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Application (2019-2028) ($MN)
42 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Food Packaging (2019-2028) ($MN)
43 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Catering Servicewares (2019-2028) ($MN)
44 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Personal and Home Care Packaging (2019-2028) ($MN)
45 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Pharmaceuticals & Healthcare Packaging (2019-2028) ($MN)
46 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Beverage Packaging  (2019-2028) ($MN)
47 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Consumer Goods & Electronic Appliances (2019-2028) ($MN)
48 Asia Pacific Biodegradable Paper and Plastic Packaging Market Outlook, By Logistics (2019-2028) ($MN)
49 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Country (2019-2028) ($MN)
50 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Packaging Type (2019-2028) ($MN)
51 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Plastic (2019-2028) ($MN)
52 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Paper (2019-2028) ($MN)
53 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Application (2019-2028) ($MN)
54 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Food Packaging (2019-2028) ($MN)
55 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Catering Servicewares (2019-2028) ($MN)
56 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Personal and Home Care Packaging (2019-2028) ($MN)
57 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Pharmaceuticals & Healthcare Packaging (2019-2028) ($MN)
58 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Beverage Packaging  (2019-2028) ($MN)
59 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Consumer Goods & Electronic Appliances (2019-2028) ($MN)
60 South America Biodegradable Paper and Plastic Packaging Market Outlook, By Logistics (2019-2028) ($MN)
61 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Country (2019-2028) ($MN)
62 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Packaging Type (2019-2028) ($MN)
63 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Plastic (2019-2028) ($MN)
64 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Paper (2019-2028) ($MN)
65 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Application (2019-2028) ($MN)
66 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Food Packaging (2019-2028) ($MN)
67 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Catering Servicewares (2019-2028) ($MN)
68 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Personal and Home Care Packaging (2019-2028) ($MN)
69 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Pharmaceuticals & Healthcare Packaging (2019-2028) ($MN)
70 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Beverage Packaging  (2019-2028) ($MN)
71 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Consumer Goods & Electronic Appliances (2019-2028) ($MN)
72 Middle East & Africa Biodegradable Paper and Plastic Packaging Market Outlook, By Logistics (2019-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


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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