Global Biodegradable Plastic Packaging Market

Global Biodegradable Plastic Packaging Market Size, Share, Growth Analysis, By Material Type(Polylactic acid (PLA), polyhydroxyalkanoates (PHA)), By End-User(Food and beverage, healthcare) - Industry Forecast 2023-2030


Report ID: SQMIG15F2032 | Region: Global | Published Date: February, 2024
Pages: 274 | Tables: 65 | Figures: 75

Global Biodegradable Plastic Packaging Market Insights

Biodegradable Plastic Packaging Market size was valued at USD 2.5 billion in 2021 and is poised to grow from USD 5.5 billion in 2022 to USD 14.1 billion by 2030, growing at a CAGR of 20.3% in the forecast period (2023-2030).

Biodegradable plastic packaging is a type of packaging material that can break down into natural substances in the environment under certain conditions, typically within a few months to a few years. It is designed to reduce the environmental impact of plastic packaging waste by degrading and decomposing it into non-toxic compounds that can be absorbed back into the natural ecosystem without harming the environment. Biodegradable plastics can be made from a variety of materials, including plant-based polymers such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based plastics, as well as from petroleum-based polymers that have been modified to make them biodegradable. It can be used for a wide range of applications, including food packaging, bags, containers, and other consumer products. It offers several advantages over traditional plastic packaging, including reduced waste, decreased dependence on fossil fuels, and a smaller carbon footprint. However, it's important to note that not all biodegradable plastics are created equal, and some may require specific conditions or processes to fully biodegrade. In addition, biodegradable plastic packaging should still be disposed of responsibly, such as by composting or recycling, in order to minimize its environmental impact.

Environmentally friendly food packaging was in high demand in 2020. The boost in demand is mostly due to a global surge in demand for packaged goods during the coronavirus pandemic. However, because food production and related businesses were seen as essential services, they continued to operate throughout the lockdown. A number of companies have also used a range of strategies to address the issue. In response to the increased amount of packaging waste created internationally, governments all over the world are switching to alternate sources, such as biodegradable packaging.

The United States generates 12% of the world's municipal solid trash despite having only 4% of the global population (MSW). Another estimate states that each American produces around 106.2 kg of plastic waste each year. According to the US Plastic Waste Reduction and Recycling Act, the government seeks to reduce plastic waste, support infrastructure development for recycling technologies, and ensure US leadership in setting international and national standards. As a result of the act's ongoing research into micro plastics, future limits governing plastic production may be harsher for US-based packaging firms. Bio-based products may be advantageous for greenhouse gas balances because of their use of renewable resources rather than finite ones, as well as other environmental effects over the duration of their whole life cycles. Using biodegradable materials is designed to promote sustainability and reduce the environmental harm brought on by the disposal of polymers formed from oil.

US Biodegradable Plastic Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 2.5 billion

Largest Segment

Polylactic acid (PLA)

Fastest Growth

Polylactic acid (PLA)

Growth Rate

20.3% CAGR

Global Biodegradable Plastic Packaging Market ($ Bn)
Country Share for North America Region (%)
Global Biodegradable Plastic Packaging Market By Material Type ($ Bn)
Global Biodegradable Plastic Packaging Market By Material Type (%)

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Global Biodegradable Plastic Packaging Market Segmental Analysis

Global biodegradable plastic packaging market is segmented on the basis of material type, end-user and region. By material type, the market is segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch-based plastics, and other materials. By end-user, market is segmented into food and beverage, healthcare, personal care and cosmetics, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Biodegradable Plastic Packaging Market Analysis by Material Type

The polylactic acid (PLA) segment dominated the global market. PLA is a biodegradable thermoplastic made from renewable resources such as corn starch, sugarcane, and cassava. It is widely used in food and beverage packaging, as well as in consumer products like disposable cutlery, plates, and cups. PLA is a popular material for biodegradable plastic packaging due to its transparency, strength, and barrier properties.

The fastest growing segment in this category is polyhydroxyalkanoates (PHA). Polyhydroxyalkanoates (PHA) is a type of biopolymer that is produced by certain bacteria. It is a biodegradable and renewable material that can be used in a variety of applications, including packaging. PHA has a high melting point and is resistant to water and oil, making it a good choice for food packaging.

Starch-based plastics are also growing in popularity. Starch-based plastics are biodegradable and are made from renewable resources such as corn starch, wheat starch, and potato starch. They are used in a wide range of applications, including food packaging, trash bags, and disposable cutlery. Starch-based plastics can have a lower environmental impact than traditional plastics, but they can also have limitations in terms of strength and durability.

Biodegradable Plastic Packaging Market Analysis by End-User

The food and beverage industry dominated the global market. Biodegradable plastic packaging is widely used in the food and beverage industry, particularly for products like fresh produce, baked goods, and beverages. Biodegradable packaging can help to preserve the freshness of these products, while also reducing waste and the environmental impact of traditional packaging materials. Biodegradable packaging materials such as PLA and starch-based plastics are commonly used in this industry.

The fastest growing segment in this category is the personal care and cosmetics industry. Biodegradable plastic packaging is also widely used in the personal care and cosmetics industry. Products like shampoo, conditioner, and body wash can all benefit from biodegradable packaging, particularly as consumers become more environmentally conscious. Biodegradable packaging materials such as PLA and cellulose-based materials are commonly used in this industry.

Global Biodegradable Plastic Packaging Market By Material Type, 2021 (%)

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Global Biodegradable Plastic Packaging Market Regional Insights

North America is one of the largest and most mature markets for biodegradable plastic packaging. There is growing awareness and concern among North American consumers about the environmental impact of traditional plastic packaging, which is driving demand for more sustainable alternatives like biodegradable plastics. Many consumers are willing to pay a premium for products that are eco-friendly, and this is creating opportunities for businesses that offer biodegradable plastic packaging. Many local and state governments in North America have implemented regulations and incentives to encourage the use of biodegradable plastics. For example, some cities have banned certain types of single-use plastics, while others offer tax incentives to businesses that use biodegradable packaging. These regulatory measures are creating a favorable business environment for biodegradable plastic packaging manufacturers. North America is home to a large number of innovative startups and established companies that are developing new biodegradable materials and products. For example, some companies are using plant-based materials like cornstarch, sugarcane, and potato starch to create biodegradable plastics that are more sustainable than traditional plastics. This is driving innovation and helping to create new opportunities in the market. Many businesses in North America are partnering with other companies and organizations to develop and promote biodegradable plastic packaging. For example, some major retailers are working with packaging manufacturers to develop new biodegradable packaging for their products. This type of collaboration is helping to drive growth and innovation in the market. Despite the strong demand for biodegradable plastic packaging in North America, the production costs for these materials can be high, which can limit their adoption by some businesses. Additionally, the lack of infrastructure and recycling facilities for biodegradable plastics can make it difficult for businesses to dispose of these materials properly, which can create additional costs and challenges.

The Asia-Pacific region is a rapidly growing market for biodegradable plastic packaging. There is growing consumer awareness and concern about the environmental impact of traditional plastic packaging in the Asia-Pacific region, which is driving demand for more sustainable alternatives like biodegradable plastics. As more consumers become aware of the benefits of biodegradable plastics, this is creating new opportunities for businesses that offer sustainable packaging solutions. Many governments in the Asia-Pacific region are implementing regulations and targets related to reducing plastic waste, which is driving the adoption of biodegradable plastic packaging. For example, China has implemented a ban on certain types of single-use plastics, while Japan has set targets to increase the use of biodegradable plastics. These regulatory measures are creating a favorable business environment for manufacturers. The Asia-Pacific region is undergoing rapid industrialization, which is driving demand for sustainable packaging solutions. As more businesses in the region seek to reduce their environmental footprint, the demand for biodegradable plastic packaging is likely to increase. The Asia-Pacific region is home to a large number of manufacturers who are investing in new biodegradable materials and technologies. For example, some companies are developing biodegradable plastics made from seaweed or other organic materials. This investment in research and development is driving innovation and helping to create new opportunities in the market. While the demand for the packaging is growing in the Asia-Pacific region, there are infrastructure challenges that can limit the adoption of these materials. For example, the lack of recycling facilities for biodegradable plastics can make it difficult for businesses to dispose of these materials properly. Additionally, the high cost of production for some types of biodegradable plastics can make it difficult for small businesses to adopt these materials.

Global Biodegradable Plastic Packaging Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Biodegradable Plastic Packaging Market Dynamics

Biodegradable Plastic Packaging Market Drivers

Increasing demand for sustainable and eco-friendly products

  • Consumers are becoming more environmentally conscious and are looking for sustainable products. Biodegradable plastic packaging offers a more eco-friendly alternative to traditional plastic packaging, which has led to an increase in demand for biodegradable packaging solutions.

Growing government regulations on the use of plastics

  • Governments around the world are implementing regulations aimed at reducing the use of traditional plastics to mitigate the environmental impact of plastic waste. These regulations are driving the adoption of biodegradable plastic packaging, which is seen as a more sustainable and eco-friendly option.

Advancements in biodegradable packaging technologies

  • Ongoing research and development in the field of biodegradable plastics have led to the development of new materials and packaging technologies that are more effective and affordable than earlier products. This has driven the adoption of biodegradable plastic packaging in various industries.

Rising public awareness about the environmental impact of plastic waste

  • The growing awareness about the negative impact of plastic waste on the environment, including pollution of the oceans, is driving consumers and businesses to seek out more sustainable packaging solutions. This has led to an increase in demand for biodegradable plastic packaging.

Biodegradable Plastic Packaging Market Restraints

High cost

  • Biodegradable plastic packaging is more expensive to produce than traditional plastic packaging. This is because biodegradable materials are more expensive and the manufacturing process is more complex. As a result, the cost of biodegradable plastic packaging is higher, which can limit its adoption by consumers and businesses.

Limited availability

  • Currently, biodegradable plastic packaging is not as widely available as traditional plastic packaging. This is because the technology is still relatively new, and not all manufacturers have invested in the necessary equipment to produce biodegradable plastics. As a result, biodegradable plastic packaging may be more difficult to find in some regions or industries.

Performance issues

  • Biodegradable plastic packaging may not perform as well as traditional plastic packaging in some applications. For example, biodegradable plastics may not be as strong or durable as traditional plastics, which can limit their use in certain applications. In addition, biodegradable plastics may require specific disposal methods to ensure they break down properly, which can be difficult for consumers and businesses to implement.

Lack of awareness

  • Many consumers and businesses may not be aware of the benefits of biodegradable plastic packaging or the importance of using eco-friendly products. As a result, there may be a lack of demand for biodegradable plastics, which can limit their adoption and growth in the market.

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Global Biodegradable Plastic Packaging Market Competitive Landscape

The global biodegradable plastic packaging market is highly competitive, with several key players competing for market share. In addition to these established companies, there are also several emerging players that are competing for market share. The competitive landscape is further intensified by the entry of new players and increasing investments in R&D activities. The major strategies adopted by these companies to gain a competitive edge in the market include new product development, partnerships and collaborations, mergers and acquisitions, and expansion into new markets. Some of the key trends observed in the market include the increasing demand for sustainable packaging solutions, advancements in technology and production processes, and growing environmental concerns among consumers. As the market continues to grow and evolve, competition is expected to remain high, and companies will need to stay innovative and agile to succeed.

Biodegradable Plastic Packaging Market Top Player’s Company Profiles

  • Amcor plc
  • Arkema S.A.
  • BASF SE
  • Bio-On S.p.A.
  • Biome Bioplastics Limited
  • Braskem S.A.
  • Corbion N.V.
  • Danimer Scientific, Inc.
  • Dow Chemical Company
  • DSM N.V.
  • Eastman Chemical Company
  • Ecolab Inc.
  • Evonik Industries AG
  • Fkur Kunststoff GmbH
  • FKuR Plastics Corporation
  • Mondi plc
  • NatureWorks LLC
  • Novamont S.p.A.
  • Plantic Technologies Limited
  • Total Corbion PLA

Biodegradable Plastic Packaging Market Recent Developments

  • In August 2021, Danimer Scientific, a leading developer and manufacturer of biodegradable plastic products, announced plans to expand its production capacity in Bainbridge, Georgia, to meet the growing demand for its Nodax® biodegradable plastic resins. The expansion is expected to be completed by the end of 2022.
  • In September 2021, FKuR, a German-based producer of biodegradable and compostable plastics, announced the expansion of its product range with the launch of a new grade of biodegradable polyethylene film, which is suitable for food contact applications.
  • In October 2021, Cargill, one of the largest agricultural companies in the world, announced a joint venture with Biome Bioplastics, a UK-based manufacturer of compostable and biodegradable plastics, to develop and commercialize bioplastics for use in food packaging, agriculture, and industrial applications.
  • In November 2021, BASF, a German chemical company, announced plans to expand its production capacity for ecoflex® and ecovio® biodegradable plastic products at its facility in Germany. The expansion is expected to be completed in 2022 and will increase the company's production capacity by 10,000 metric tons per year.
  • In December 2021, Plantic Technologies, an Australian-based manufacturer of biodegradable and compostable plastics, announced a partnership with Havi, a global supply chain management company, to develop and commercialize sustainable packaging solutions for the food industry. The partnership will focus on developing new biodegradable materials for use in food packaging.

Global Biodegradable Plastic Packaging Key Market Trends

  • Growing demand from end-use industries: The biodegradable plastic packaging market is being driven by the growing demand from various end-use industries, such as food and beverage, pharmaceuticals, personal care, and household products. These industries are looking for sustainable packaging solutions that can reduce their carbon footprint and meet consumer demand for eco-friendly products.
  • Advancements in technology: Advances in technology have made it possible to produce biodegradable plastics that are more durable, cost-effective, and have improved performance characteristics. This is expanding the range of applications for biodegradable plastic packaging and is driving the growth of the market.
  • Investment in research and development: Many companies in the biodegradable plastic packaging market are investing heavily in research and development to create new and innovative products that meet the needs of consumers and the requirements of the market. This is helping to drive growth of the market.

Global Biodegradable Plastic Packaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our biodegradable plastic packaging market analysis, the global market has been experiencing strong growth in recent years, driven by a combination of factors including increasing consumer demand for sustainable and environmentally-friendly packaging solutions, government regulations and initiatives, and advancements in technology and manufacturing processes. This growth is being fuelled by increasing demand from end-use industries such as food and beverage, personal care, and healthcare, as well as growing awareness among consumers about the environmental impact of traditional plastic packaging. The Asia-Pacific region is the largest market for biodegradable plastic packaging, followed by Europe and North America. This is primarily due to the growing population and increasing consumer demand for sustainable packaging solutions in these regions, as well as favourable government initiatives and regulations. However, the market is not without its challenges. One major issue is the higher cost of biodegradable plastics compared to traditional plastics, which can limit their adoption in certain applications. Additionally, there are still concerns about the availability and effectiveness of composting and recycling infrastructure for biodegradable plastics, which can limit their overall environmental benefits.

Report Metric Details
Market size value in 2021 USD 2.5 billion
Market size value in 2030 USD 14.1 billion
Growth Rate 20.3%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Material Type
    • Polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch-based plastics, and other materials
  • End-User
    • Food and beverage, healthcare, personal care and cosmetics, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Amcor plc
  • Arkema S.A.
  • BASF SE
  • Bio-On S.p.A.
  • Biome Bioplastics Limited
  • Braskem S.A.
  • Corbion N.V.
  • Danimer Scientific, Inc.
  • Dow Chemical Company
  • DSM N.V.
  • Eastman Chemical Company
  • Ecolab Inc.
  • Evonik Industries AG
  • Fkur Kunststoff GmbH
  • FKuR Plastics Corporation
  • Mondi plc
  • NatureWorks LLC
  • Novamont S.p.A.
  • Plantic Technologies Limited
  • Total Corbion PLA
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Biodegradable Plastic Packaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Biodegradable Plastic Packaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Biodegradable Plastic Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Biodegradable Plastic Packaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Biodegradable Plastic Packaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Biodegradable Plastic Packaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Biodegradable Plastic Packaging Market size was valued at USD 2.5 billion in 2021 and is poised to grow from USD 5.5 billion in 2022 to USD 14.1 billion by 2030, growing at a CAGR of 20.3% in the forecast period (2023-2030).

The global biodegradable plastic packaging market is highly competitive, with several key players competing for market share. In addition to these established companies, there are also several emerging players that are competing for market share. The competitive landscape is further intensified by the entry of new players and increasing investments in R&D activities. The major strategies adopted by these companies to gain a competitive edge in the market include new product development, partnerships and collaborations, mergers and acquisitions, and expansion into new markets. Some of the key trends observed in the market include the increasing demand for sustainable packaging solutions, advancements in technology and production processes, and growing environmental concerns among consumers. As the market continues to grow and evolve, competition is expected to remain high, and companies will need to stay innovative and agile to succeed. 'Amcor plc', 'Arkema S.A.', 'BASF SE', 'Bio-On S.p.A.', 'Biome Bioplastics Limited', 'Braskem S.A.', 'Corbion N.V.', 'Danimer Scientific, Inc.', 'Dow Chemical Company', 'DSM N.V.', 'Eastman Chemical Company', 'Ecolab Inc.', 'Evonik Industries AG', 'Fkur Kunststoff GmbH', 'FKuR Plastics Corporation', 'Mondi plc', 'NatureWorks LLC', 'Novamont S.p.A.', 'Plantic Technologies Limited', 'Total Corbion PLA'

Consumers are becoming more environmentally conscious and are looking for sustainable products. Biodegradable plastic packaging offers a more eco-friendly alternative to traditional plastic packaging, which has led to an increase in demand for biodegradable packaging solutions.

Growing demand from end-use industries: The biodegradable plastic packaging market is being driven by the growing demand from various end-use industries, such as food and beverage, pharmaceuticals, personal care, and household products. These industries are looking for sustainable packaging solutions that can reduce their carbon footprint and meet consumer demand for eco-friendly products.

North America is one of the largest and most mature markets for biodegradable plastic packaging. There is growing awareness and concern among North American consumers about the environmental impact of traditional plastic packaging, which is driving demand for more sustainable alternatives like biodegradable plastics. Many consumers are willing to pay a premium for products that are eco-friendly, and this is creating opportunities for businesses that offer biodegradable plastic packaging. Many local and state governments in North America have implemented regulations and incentives to encourage the use of biodegradable plastics. For example, some cities have banned certain types of single-use plastics, while others offer tax incentives to businesses that use biodegradable packaging. These regulatory measures are creating a favorable business environment for biodegradable plastic packaging manufacturers. North America is home to a large number of innovative startups and established companies that are developing new biodegradable materials and products. For example, some companies are using plant-based materials like cornstarch, sugarcane, and potato starch to create biodegradable plastics that are more sustainable than traditional plastics. This is driving innovation and helping to create new opportunities in the market. Many businesses in North America are partnering with other companies and organizations to develop and promote biodegradable plastic packaging. For example, some major retailers are working with packaging manufacturers to develop new biodegradable packaging for their products. This type of collaboration is helping to drive growth and innovation in the market. Despite the strong demand for biodegradable plastic packaging in North America, the production costs for these materials can be high, which can limit their adoption by some businesses. Additionally, the lack of infrastructure and recycling facilities for biodegradable plastics can make it difficult for businesses to dispose of these materials properly, which can create additional costs and challenges.

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Global Biodegradable Plastic Packaging Market

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