Biodegradable Packaging Market
Global Biodegradable Packaging Market Size, Share & Trends Analysis Report by Material (Paper and Plastics), By Application (Food & Beverage Packaging, Consumer Goods & Electronics Packaging, Pharmaceutical Packaging, and Others), and Forecast 2020-2026
The global biodegradable packaging market is projected to grow at a CAGR of around 5% during the forecast period. The key factors that drive the growth of the global biodegradable packaging market include the variety of properties it possesses such as low environmental impact, sustainability and recyclability, and rising consumer awareness. Besides, several government initiatives and policies implemented in order to replace plastics with a better alternative or bio-based alternatives that cause comparatively less pollution is also encouraging the adoption of biodegradable packaging materials and in turn, is driving the market growth. Further, the paradigm shift of the consumers towards the use of environmentally friendly products is projected to drive the growth of the global market during the forecast period.
As per the European bioplastics, biodegradable plastics altogether accounts for more than 55% of the overall bioplastics production capacities across the globe. The biodegradable plastics production is projected to rise to 1.33 million by 2024. This, in turn, is likely to enhance the growth of the market over the forecast period. Further, there is an increasing demand for biodegradable packaging in food & beverage industries as it provides sustainable packaging options, which in turn, is driving the growth of the market over the forecast period.
Segmental Outlook
The global biodegradable packaging market is segmented into materials and applications. Based on the materials segment, the market is bifurcated into paper and plastic. The paper segment includes corrugated boxes, boxboard & paperboard cartons, and flexible paper. While the plastic segment is segregated into starch-based plastics, cellulose-based plastics, polylactic acid (PLA), poly-3-hydroxybutyrate (PHB), polyhydroxyalkanoates (PHA), and others. Based on the application, the market is segmented into food & beverage packaging, consumer goods & electronics packaging, pharmaceutical packaging, and other applications.
Paper Segment is Likely to Register Significant Growth in the Global Biodegradable Packaging Market
Amongst the material segment of the market, the paper segment is likely to register a significant growth rate in the market. The segmental growth of the market is attributed to the increased adoption of paper as an alternative to traditional plastic packaging products. However, durability and strength are still some of the challenges that are faced in paper-based packaged products. Nevertheless, rapid advancements and upgradations are likely to create scope for the future growth of the market.
Regional Outlook
The global biodegradable packaging market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America region is estimated to grow significantly during the forecast period. The growth of the region is backed by several factors including the presence of the key players and rapid R&D activities conducted by them in order to contribute to the overall market growth. For instance, Kroger, the US-based company announced to cut its overall plastic bag usage by 2025, whereas McDonald's announced to use paper-based products and cut their plastic bags use. Thus, such activities are likely to enhance the biodegradable packaging market over the forecast period.
Besides, the Asia-Pacific region is also projected to be a major hub for the bioplastics industry, as around 45% of bioplastics were produced in the region in 2019, which is likely to drive the regional growth of the market over the forecast period.
Global Biodegradable Packaging Market by Region, 2019 (%)
Market Players Outlook
Some of the prominent players operating in the global biodegradable packaging market include Mondi Group, Amcor Plc, Smurfit Kappa Group, International Paper Co., Berry Global Inc., Huhtamaki Group, TetraPak International S.A., and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global biodegradable packaging market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biodegradable packaging market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Mondi Group
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. Amcor Plc
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. International Paper Co.
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. Smurfit Kappa Group
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Biodegradable Packaging Market by Material
5.1.1. Paper
5.1.2. Plastic
5.1.2.1. Starch-Based Plastics
5.1.2.2. Cellulose-Based Plastics
5.1.2.3. Polylactic Acid (PLA)
5.1.2.4. Poly-3-Hydroxybutyrate (PHB)
5.1.2.5. Polyhydroxyalkanoates (PHA)
5.1.2.6. Other Plastics
5.2. Global Biodegradable Packaging Market by Application
5.2.1. Food &Beverage Packaging
5.2.2. Consumer Goods&Electronics Packaging
5.2.3. Pharmaceutical Packaging
5.2.4. Other Applications
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Amcor Plc
7.2. BASF SE
7.3. Bemis Co. Inc.
7.4. Berry Global Inc.
7.5. Biopac India Corp. Ltd.
7.6. Biopak Pty Ltd.
7.7. Clearwater Paper Corp.
7.8. Elevate Packaging Inc.
7.9. Georgia-Pacific LLC
7.10. Greenpack Ltd.
7.11. Huhtamaki Group
7.12. Imex Packaging
7.13. International Paper Co.
7.14. Kruger Inc.
7.15. Mondi Group
7.16. Nampack Ltd.
7.17. Novamont S.P.A
7.18. Ranpak Holding Corp.
7.19. Smurfit Kappa Group
7.20. Stora Enso Oyj
7.21. TetraPak International S.A.
7.22. WestRock Co
1. GLOBAL BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
2. GLOBAL BIODEGRADABLE PAPER PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL BIODEGRADABLE PLASTIC PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
5. GLOBAL BIODEGRADABLE PACKAGING OF FOOD & BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL BIODEGRADABLE PACKAGING OF CONSUMER GOODS&ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL BIODEGRADABLE PACKAGING OF PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL BIODEGRADABLE PACKAGING OF OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
10. NORTH AMERICAN BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
11. NORTH AMERICAN BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
12. NORTH AMERICAN BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
13. EUROPEAN BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
14. EUROPEAN BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
15. EUROPEAN BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
16. ASIA-PACIFIC BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. ASIA-PACIFIC BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
18. ASIA-PACIFIC BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
19. REST OF THE WORLD BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
20. REST OF THE WORLD BIODEGRADABLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL BIODEGRADABLE PACKAGING MARKET SHARE BY MATERIAL, 2019 VS 2026 (%)
2. GLOBAL BIODEGRADABLE PACKAGING MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. GLOBAL BIODEGRADABLE PACKAGING MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
6. UK BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD BIODEGRADABLE PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
