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Biodegradable Packaging Market Share, Demand, Trends and Forecast 2025-2033
Posted: Dec 15, 2024
Global Biodegradable Packaging Market Statistics: USD 178.0 Billion Value by 2033
Summary:
- The global biodegradable packaging market size reached USD 107.4 Billion in 2024.
- The market is expected to reach USD 178.0 Billion by 2033, exhibiting a growth rate (CAGR) of 5.2% during 2025–2033.
- Europe leads the market, accounting for the largest biodegradable packaging market share.
- Paper accounts for the majority of the market share in the material type segment on account of the rising demand for eco-friendly packaging solutions.
- Food packaging holds the largest share in the biodegradable packaging industry.
- The rising environmental concerns is a primary driver of the biodegradable packaging market.
- Technological advancements and favorable government initiatives are reshaping the biodegradable packaging market.
Industry Trends and Drivers:
- Environmental Awareness:
Majority of today’s population is more informed when it comes to matters such as plastic pollution and climate change. This awareness is helping in improving the market. Today, ordinary customers as well as companies look for sustainable packaging. Plastics which deteriorate very slowly are predominant in the filled dumps or washed onto the world’s seas. Biodegradable packaging, thus, presents a much better solution in this regard. They break down on their own and are comparatively less dangerous. This process is made by the people’s decision and the large organizations. They both intend to address the need to produce products that are not environmental hazardous. Business that resort to the use of biodegradable packaging tend to acquire more customer loyalty. With the global consciousness of sustainability increasing, the need for such products as biodegradable solutions will see a spike.
- Governmental Regulations:
To that end, nations are adopting legislation restricting or banning single-use plastics. They are beefing up the packaging regulations due to increasing pollution, they state. This shift makes organizations adapt to environmental friendly policies. They include things like absolutely prohibiting the use of plastic bags, imposing taxes on foods packaged in non-recyclable packaging and making manufacturers use only biodegradable products. For example, EU Single-Use Plastics Directive is fostering sustainable packaging. That is why businesses have to follow these rules while following them helps to satisfy the continuously emerging trend of using materials friendly to the environment.
- Technological Innovations:
Improvement of materials science is improving the biodegradable packaging market. Today it is possible to create green materials, plant-based plastic, starch films and biopolymers among others. These materials decompose faster than the conventional plastics, even in compost bin. Also, improved production techniques result in lower costs and easier fabrication of these packages. The footprints of this trend are being attracted by more industries. In addition, these innovations are enhancing the aesthetics of the pack and drying, as well as raising the level of pack robustness and versatility. The continual advancement of biodegradable composite materials is always useful for these industries to be abreast with the law and also meet the market’s need for environmentally friendly products while not compromising on quality and likewise charges within the commercial value.
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Biodegradable Packaging Market Report Segmentation:
Breakup By Material Type:
- Plastic
- Starch-based Plastics
- Cellulose-based Plastics
- Polylactic Acid (PLA)
- Poly-3-Hydroxybutyrate (PHB)
- Polyhydroxyalkanoates (PHA)
- Others
- Paper
- Kraft Paper
- Flexible Paper
- Corrugated Fiberboard
- Boxboard
Paper accounts for the majority of shares on account of the rising demand for eco-friendly packaging solutions.
Breakup By Application:
- Food Packaging
- Beverage Packaging
- Pharmaceutical Packaging
- Personal/Homecare Packaging
- Others
Food packaging dominates the market due to increasing preferences for natural and organic products.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe enjoys the leading position owing to a large market for biodegradable packaging driven by favorable government initiatives.
Top Biodegradable Packaging Market Leaders:
The biodegradable packaging market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Amcor PLC
- Berkley International Packaging Limited
- Biopak PTY LTD
- Elevate Packaging Inc.
- Greenpack Limited
- International Paper Company
- Kruger Inc.
- Mondi Group
- Ranpak Holding Corporation
- Smurfit Kappa Group PLC
- Tetra Pak International SA
- Toray Plastics (America) Inc. (Toray Industries Inc)
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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About the Author
Stanley Huds is a seasoned market research analyst with a keen eye for trends and a passion for uncovering valuable insights.
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