Global Biodegradable Paper and Plastic Packaging Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 12.5% from 2024 to 2030.
The biodegradable paper and plastic packaging market has experienced remarkable growth as sustainability takes center stage in industries worldwide. With growing awareness of environmental concerns, businesses are turning to eco-friendly packaging solutions that not only reduce waste but also comply with increasingly stringent regulations on plastic use. The shift towards biodegradable alternatives in packaging materials, such as paper and plant-based plastics, is transforming the global packaging landscape, attracting attention from both manufacturers and consumers alike.
One of the key drivers behind this market surge is the growing pressure from both governments and environmental organizations to reduce plastic pollution. Global plastic waste has reached alarming levels, leading to a rise in policies and regulations aimed at reducing single-use plastics. This, in turn, has fueled demand for biodegradable packaging options. In fact, a recent study revealed that the global biodegradable packaging market is expected to reach USD 17.1 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.7% from 2020.
Biodegradable paper and plastic packaging offers numerous advantages. Not only do they break down faster than conventional plastic, but they also leave behind fewer harmful residues, making them an attractive option for industries such as food and beverage, cosmetics, and e-commerce. Moreover, these materials are derived from renewable resources like cornstarch, sugarcane, and bamboo, further enhancing their sustainability credentials.
However, the market is not without challenges. The high production costs of biodegradable materials and the limited availability of raw materials can make them less competitive compared to traditional plastics. Additionally, the recycling infrastructure for biodegradable packaging is still underdeveloped, which can lead to contamination in recycling streams if not properly sorted. Despite these hurdles, the ongoing advancements in material science and eco-friendly packaging innovations continue to drive the adoption of biodegradable alternatives across various sectors.
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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, Global, 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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