Biodegradable Paper & Plastic Packaging Market – Global Industry Analysis and Forecast (2023-2029)

Biodegradable Paper & Plastic Packaging Market size was valued at US$ 14.27 Bn in 2022 and the total revenue is expected to grow at 14.20% through 2023 to 2029, reaching nearly US$ 36.16 Bn.

The global Biodegradable Paper & Plastic Packaging market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Biodegradable Paper & Plastic Packaging report also provides trends by market segments, technology, and investment with a competitive landscape.



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Biodegradable Paper & Plastic Packaging Market Overview:
Increasing product use in various sectors like food and beverage packaging, textile and consumer product packaging as well as rising preference towards the use of the eco-friendly product are the major factors driving the global biodegradable paper and plastic market size.
Biodegradable Paper & Plastic Packaging Market Dynamics:
Environmental concern is a key factor driving the global biodegradable paper and plastic market growth. The biodegradable materials easily degrade, thus there are few chances of the getting environment polluted. Increasing the use of the product in packaging industries especially in emerging economies like India, China, among others, to achieve customer satisfaction is further propelling the global biodegradable paper and plastic market demand. Various manufacturers shifting focus from conventional packaging methods to biodegradable packaging to separate their products in the market. The food packaging and beverage industry play a major role in the global biodegradable paper and plastic industry. Rising consumer awareness towards eco-friendly products is expected to grow the market demand as well as the availability of raw material is another factor that boosts the market growth during the forecast period.

Growing product demand from conventional end-user industries including textiles and consumer product packaging industries is creating lucrative opportunities for the market. Furthermore, rising vector-borne diseases caused by single-use of plastic increasing usage of paper and plastics in the packaging industry increase the product demand is also creates opportunities for market growth.

Lack of sufficient technology and cost-effectiveness are major challenges expected to restrain the market growth during the forecast period. Changing consumer approach related to higher costs than conventional products is expected to be a major challenging factor faced by industry participants.
Biodegradable Paper & Plastic Packaging Market Segment Analysis:
By Application, the biodegradable paper & plastic packaging market is segmented into food packaging, beverage packaging, pharmaceuticals packaging, personal & home care packaging, and others. The food & beverage segment is held the largest market share of around xx% in 2022 and is expected to grow at a CAGR of xx% during the forecast period thanks to increasing consumer demand. Competition amongst industry participants for product differentiation is expected to boosts the biodegradable paper & plastic packaging market growth in the segment. Strict government regulation especially in Europe is expected to grow at a rapid pace during the forecast period.

By Packaging Type, the market is segmented into plastic and paper. The plastic packaging type is expected to witness significant growth during the forecast period. The food packaging application sector is highly preferred to the use of plastic packaging which in turn contributes to the segment growth.
Biodegradable Paper & Plastic Packaging Market Regional Insights:
Asia Pacific is dominating the Global Biodegradable Paper & Plastic Packaging Market

Asia Pacific countries including India, Malaysia, China, and Thailand drive the global biodegradable paper & plastic packaging market growth thanks to increasing consumer awareness towards biodegradable plastic and paper packaging products. The pharmaceuticals the packaging industry is expected to witness significant growth in the region during the forecast period.

North America and Europe dominate the global pharmaceutical packaging market.

North American countries including the U.S. is the largest consumer of the biodegradable packaging materials. Latin America is expected to grow at a rapid pace during the forecast period because of rising disposable income and economic development.

The objective of the report is to present a comprehensive analysis of the Global Biodegradable Paper & Plastic Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Biodegradable Paper & Plastic Packaging market dynamics, structure by analyzing the market segments and project the Global Biodegradable Paper & Plastic Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Biodegradable Paper & Plastic Packaging market make the report investor’s guide.
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Biodegradable Paper & Plastic Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 14.27  Bn.


Forecast Period 2023 to 2029 CAGR:
14.20%
Market Size in 2029:
US $ 36.16 Bn.


 Segments Covered:
by Product
Food Packaging
Beverage Packaging
Pharmaceuticals Packaging
Personal & Home Care Packaging
Others


by Type
Plastic
Paper


by Application
Dairy Products
Bakery & Confectionery
Convenience Food
Fruits & Vegetables
Meat, Fish, & Poultry Sauces
Dressings & Condiments



Biodegradable Paper & Plastic Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Biodegradable Paper & Plastic Packaging Market Key Players
1 Smurfit Kappa Group
2 Rocktenn, BASF
3 Mondi Group
4 Stora Enso
5 Reynolds Group Holding Limited
6 Clearwater Paper Corporation
7 Novamont S.P.A.
8 Amcor
9 Kruger Inc.
10 Rocktenn, Smurfit Kappa Group
11 International Corp.
12 Be Green Packaging LLC
13 Georgia-Pacific LLC
14 Tetra Laval
15 Natureworks LLC
16 Mondi Grou
17 Biopac UK Ltd.
18 Berkley International Packaging and Ranpak Corp
19 Others

Frequently Asked Questions:

1. Which region has the largest share in Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of  Market?
Ans: The Global Biodegradable Paper & Plastic Packaging Market is growing at a CAGR of 14.20% during forecasting period 2023-2029.

3. What is scope of the  market report?
Ans: Global Biodegradable Paper & Plastic Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the study period of this market?
Ans: The Global Biodegradable Paper & Plastic Packaging Market is studied from 2022 to 2029.