Search reports.
Biodegradable Packaging Material Market Size, Share 2031
Get free sample report Request for Customiztion Buy Now

Biodegradable Packaging Material Market Size, Share 2031

Segments - Biodegradable Packaging Materials Market Size by Types (Corrugated Boards, Flexible Papers, and Boxboards), Applications (Food Packaging, Beverage Packaging, and Electronic Packaging), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
https://growthmarketreports.com/Harneet
Fact-checked by : Harneet Meher
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :MC-552 | 4.1 Rating | 74 Reviews | 158 Pages | Format : Docx PDF

Report Description


Biodegradable Packaging Materials Market Outlook 2031

The global biodegradable packaging market size was valued at USD 87.53 billion in 2022 and is projected to reach USD 158.23 billion by 2031 expand at a substantial CAGR 6.8% during forecast period, 2023-2031. The growth of the market is attributed to the increasing focus on recyclability and rising government emphasis on efficient packaging management.

Biodegradable material refers to the ability of materials to decompose, reducing negative impact of plastic packaging on environment. According to European bioplastics, biodegradable plastics altogether, including PLA, PHA, and starch blends account for over 53.5% of the global bioplastics production capacities.

Global Biodegradable Packaging Materials Market Outlook

The process of biodegradable packaging begins with the material selection, which in turn, decides the overall packaging durability and reliability. Biodegradable packaging is produced using biopolymers, which are molecules that are often found in living organisms such as cellulose and proteins. This results in swift degradation of the packaging material.

  • Increasing demand for bottled water and non-alcoholic beverages is driving the market growth.
  • Ease of manufacturing and lightweight of plastic bottles as compared to carton-based packages can limit its adoption in various industries across the globe
  • Growing demand for recyclable materials from several industries is anticipated to spur the market growth.
  • Increasing consumer awareness regarding the environmental protection is expected to positively influence the market growth.
  • Development of cost-effective biodegradable plastic packaging is speculated to create remunerative opportunities during the projected timeline.
  • The use of biodegradable materials in the packaging industry is gaining strength from the constantly rising demand for recyclable materials in end-use industries such as personal and home care, food and beverages, and pharmaceuticals.
  • Rising penetration of biodegradable material in packaging across various industries is expected to create remunerative opportunities in the coming years.

Scope of The Biodegradable Packaging Materials Market Report

The report on the global biodegradable packaging material market includes an assessment of market, trends, segments, and regional market. Overview and dynamics are also included in report.

Attributes

Details

Report Title

Biodegradable Packaging Materials Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Corrugated Board, Flexible Paper, Boxboard), by Applications (Food Packaging, Beverage Packaging, Electronic Packaging)

Regional Scope

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

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Biopac, Nature Works LLC, BASF SE, Kruger Inc., Mondi Group, Clearwater Paper Corporation

Global Biodegradable Packaging Material Market Segment Insights

Corrugated boards segment to hold a large market share

Based on types, the global biodegradable packaging material market is segmented into corrugated boards, flexible papers, and boxboards. The corrugated boards segment to account for a large market share during the forecast period. Increasing demand for corrugated boards in the logistics industry is driving the segment growth.

Moreover, rising use of corrugated boards for the personal/homecare packaging applications is acting as one of the key factors for the growth of corrugated boards segment. Conversely, the boxboards segment is anticipated to exhibit a robust CAGR owing to the increasing usage of boxboards in packaging of pharmaceutical, cosmetics, and frozen products.

Global Biodegradable Packaging Materials Market Types

Food packaging segment to dominate the market

Based on applications, the global biodegradable packaging market is segmented into food packaging, beverage packaging, and electronic packaging. The food packaging is expected to hold dominant position in the global biodegradable packaging market. Rising demand for packaged food products is expected to spur the segment growth. Conversely, the electronic packaging segment to exhibit a high CAGR owing to rising manufacturing activities in emerging economies such as India and China.

Global Biodegradable Packaging Materials Market Applications

North America to account a significant market share

Based on regions, the global biodegradable packaging material market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to act as a potentially lucrative regional market owing to ongoing technological advancements in manufacturing processes.

Moreover, growing awareness about biodegradable packaging is driving the market growth in the region. The market in Asia Pacific is expected to exhibit a high CAGR due to the rising adoption of recyclable materials in the food and beverage sector.

Biodegradable Packaging Materials Market Region

Segments

The global biodegradable packaging material market has been segmented on the basis of

Types

  • Corrugated Board
  • Flexible Paper
  • Boxboard

Applications

  • Food Packaging
  • Beverage Packaging
  • Electronic Packaging

Regions

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

Key Players

  • Biopac
  •  Nature Works LLC
  •  BASF SE
  •  Kruger Inc.
  •  Mondi Group
  •  Clearwater Paper Corporation

Competitive Landscape

The major players of the market are Biopac, Nature Works LLC, BASF SE, Kruger Inc., Mondi Group, and Clearwater Paper Corporation.
Companies are engaging in partnerships and investing in R&D activities to expand their market share.

Biodegradable Packaging Materials Market Key Players 

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Biodegradable Packaging Material Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Biodegradable Packaging Material Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Biodegradable Packaging Material Market - Supply Chain
  4.5. Global Biodegradable Packaging Material Market Forecast
     4.5.1. Biodegradable Packaging Material Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Biodegradable Packaging Material Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Biodegradable Packaging Material Market Absolute $ Opportunity
5. Global Biodegradable Packaging Material Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Biodegradable Packaging Material Market Size and Volume Forecast by Types
     5.3.1. Corrugated Board
     5.3.2. Flexible Paper
     5.3.3. Boxboard
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Biodegradable Packaging Material Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Biodegradable Packaging Material Market Size and Volume Forecast by Applications
     6.3.1. Food Packaging
     6.3.2. Beverage Packaging
     6.3.3. Electronic Packaging
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Biodegradable Packaging Material Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Biodegradable Packaging Material Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Biodegradable Packaging Material Demand Share Forecast, 2019-2026
8. North America Biodegradable Packaging Material Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Biodegradable Packaging Material Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Biodegradable Packaging Material Market Size and Volume Forecast by Types
     8.4.1. Corrugated Board
     8.4.2. Flexible Paper
     8.4.3. Boxboard
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Biodegradable Packaging Material Market Size and Volume Forecast by Applications
     8.7.1. Food Packaging
     8.7.2. Beverage Packaging
     8.7.3. Electronic Packaging
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Biodegradable Packaging Material Demand Share Forecast, 2019-2026
9. Latin America Biodegradable Packaging Material Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Biodegradable Packaging Material Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Biodegradable Packaging Material Market Size and Volume Forecast by Types
     9.4.1. Corrugated Board
     9.4.2. Flexible Paper
     9.4.3. Boxboard
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Biodegradable Packaging Material Market Size and Volume Forecast by Applications
     9.7.1. Food Packaging
     9.7.2. Beverage Packaging
     9.7.3. Electronic Packaging
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Biodegradable Packaging Material Demand Share Forecast, 2019-2026
10. Europe Biodegradable Packaging Material Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Biodegradable Packaging Material Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Biodegradable Packaging Material Market Size and Volume Forecast by Types
     10.4.1. Corrugated Board
     10.4.2. Flexible Paper
     10.4.3. Boxboard
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Biodegradable Packaging Material Market Size and Volume Forecast by Applications
     10.7.1. Food Packaging
     10.7.2. Beverage Packaging
     10.7.3. Electronic Packaging
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Biodegradable Packaging Material Demand Share Forecast, 2019-2026
11. Asia Pacific Biodegradable Packaging Material Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Biodegradable Packaging Material Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Biodegradable Packaging Material Market Size and Volume Forecast by Types
     11.4.1. Corrugated Board
     11.4.2. Flexible Paper
     11.4.3. Boxboard
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Biodegradable Packaging Material Market Size and Volume Forecast by Applications
     11.7.1. Food Packaging
     11.7.2. Beverage Packaging
     11.7.3. Electronic Packaging
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Biodegradable Packaging Material Demand Share Forecast, 2019-2026
12. Middle East & Africa Biodegradable Packaging Material Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Biodegradable Packaging Material Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Biodegradable Packaging Material Market Size and Volume Forecast by Types
     12.4.1. Corrugated Board
     12.4.2. Flexible Paper
     12.4.3. Boxboard
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Biodegradable Packaging Material Market Size and Volume Forecast by Applications
     12.7.1. Food Packaging
     12.7.2. Beverage Packaging
     12.7.3. Electronic Packaging
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Biodegradable Packaging Material Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Biodegradable Packaging Material Market: Market Share Analysis
  13.2. Biodegradable Packaging Material Distributors and Customers
  13.3. Biodegradable Packaging Material Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Biopac
     13.4.2.  Nature Works LLC
     13.4.3.  BASF SE
     13.4.4.  Kruger Inc.
     13.4.5.  Mondi Group
     13.4.6.  Clearwater Paper Corporation

Methodology

Our Clients

The John Holland Group
Microsoft
General Electric
Nestle SA
FedEx Logistics
Siemens Healthcare
sinopec
General Mills