Biodegradable Paper and Plastic Packaging Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 12.4 Billion by 2030, growing at a CAGR of 11.5% from 2024 to 2030.
The Biodegradable Paper and Plastic Packaging Market was valued at approximately USD 7.8 billion in 2022, with expectations to reach USD 12.6 billion by 2027. This growth represents a Compound Annual Growth Rate (CAGR) of around 10.0% during the forecast period. The market's expansion is driven by increasing consumer awareness of environmental issues, stringent regulations against single-use plastics, and a rising preference for sustainable packaging solutions. The demand for biodegradable packaging is notably rising across various sectors, including food and beverages, healthcare, and personal care, as industries seek eco-friendly alternatives to traditional packaging materials.
Opportunity analysis indicates a significant potential for growth in emerging markets, particularly in regions like Asia-Pacific and Latin America, where economic development and urbanization are accelerating the adoption of sustainable packaging solutions. The increasing focus on reducing plastic waste and the advancement in biodegradable materials technology are creating new opportunities for market players. Innovations in material science and production processes are expected to enhance the performance and affordability of biodegradable packaging, further driving market growth and expanding the scope for investment and development in this sector.
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SmurfitKappaGroup
Rocktenn
BASF
MondiGroup
StoraEnso
ReynoldsGroupHolding
ClearwaterPaperCorporation
NovamontS.P.A.
Amcor
KrugerInc.
Rocktenn
SmurfitKappaGroup
InternationalCorp
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Biodegradable Paper and Plastic Packaging Market
Beverage Packaging
Personal and Home Care
Electronic Appliance
Other
Based on Types the Market is categorized into Below types that held the largest Biodegradable Paper and Plastic Packaging market share In 2023.
Paper
Plastic
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Biodegradable Paper and Plastic Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Biodegradable Paper and Plastic Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Biodegradable Paper and Plastic Packaging Market, By Type
6. Global Biodegradable Paper and Plastic Packaging Market, By Application
7. Global Biodegradable Paper and Plastic Packaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Biodegradable Paper and Plastic Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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