Biodegradable Paper and Plastic Packaging Market Size
Biodegradable Paper and Plastic Packaging Market size was worth more than USD 2 billion in 2021 and is expected to grow at a CAGR of 11% through 2030. Rising adaption of sustainable packaging alternatives in developing countries to push the global industry growth.
Due in great part to their great range of properties—including biodegradability, recyclability, adaptability, wide availability, lightweight, and most crucially, the "sustainability" factor—biodegradable plastic and paper are used in packaging across all sectors. Significant environmental and food safety issues driving the development of biodegradable packaging solutions as a partial replacement for petrochemical-based plastics is improving the market outlook.
People's need for change and their beginnings of close examination of companies have raised the requirement of sustainable packaging. Consumer tastes are moving to favor environmentally friendly packaging. Rising environmental concerns and growing population global readiness to pay more for sustainable solutions and "greener" packaging support the expansion in biodegradable paper and plastic packaging business.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| Biodegradable Paper & Plastic Packaging Market Size in 2021 | USD 2.3 Billion |
| Forecast Period | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR | 11.0% |
| 2030 Value Projection | USD 5.8 Billion |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 350 |
| Tables, Charts & Figures | 433 |
| Segments covered | Type, Material, End-user, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Biodegradable Paper and Plastic Packaging Market Analysis
Sustainable packaging solutions' cost depends on the volume of production, research and development expenses, as well as the dynamic price of packaging materials—often expensive. This element is expected to be negative for the market for biodegradable paper and plastic packaging, so restricting its expansion. Positively, producers are continuously working on the introduction and development of less expensive substitutes to get over the disadvantage.
Based on type—cellulose-based plastic, starch-based plastic, polyhydroxyalkanoates (PHA), polylactic acid (PLA), and others—the biodegradable paper and plastic packaging industry is broken down into five groups. With more than 22.5% market share in 2021 and estimated to be valued over USD 1 billion by 2030, the polylactic acid category holds One highly clear substance that is easy for recycling is PLA. Dairy products, ready-to-eat food packaging, clear blister packaging, and sip cups for cold beverages are just a few of the thermoformed uses for which it finds use.
Materials guide the classification of the market into paper and plastic. Worth more than USD 900 million in 2021, the market on paper-based packaging materials is expected to grow at over 11% CAGR during the projection period. Paper and paperboard are the most often used, traditional kind of ecologically friendly packing materials. Growing customer preference for paper-based packaging, which is seen to be more helpful for the environment because of attributes such straightforward recycling, decomposition, and home composability, would help the segmental expansion.
Globally, biodegradable paper and plastic packaging market is split end-user wise into healthcare, personal and home care, catering service products, food and beverages, and others. Due to the fast increasing catering services sector worldwide, especially in Asia Pacific, the market share from catering service products category was remunerated over USD 300 million in 2021 and would continue to grow at more than 11.5% CAGR through 2030. Biodegradable paper and plastic packaging is used in catering services and other like food outlets to package their goods.
Over the projection period, Asia Pacific biodegradable paper and plastic packaging market size is expected to increase at over 11% CAGR and top USD 2 billion by 2030. Along with the fast growing population of the area, especially in China and India, there is increasing number of restaurants and beverage firms. Rising trend of online meal ordering, growing demand for food products, and ease of shipping packaged goods have accelerated the sector development in APAC.
Biodegradable Paper and Plastic Packaging Market Share
Leading participants in biodegradable paper and plastic packaging market space are
- WestRock Company
- Stora Enso
- Bemis Manufacturing Company
- Rocktenn
- BASF SE
- Clearwater Paper Corporation
- Amcor PLC
- Mondi
- International Paper Company
- Tetra Pak International SA
- Riverside Paper Co. Inc.
- SmartSolve Industries
- Ho?gör Plastik
- Kruger Inc.
- DS Smith
In order to establish a strong position in the market, manufacturers are deliberately investing to develop solutions in line with emerging customer needs.
Impact of COVID-19 Pandemic
The pandemic has had negative effects on the growth biodegradable paper and plastic packaging industry. As manufacturers adjust to the dynamically changing situation, businesses in every industry, including packaging, will need to adopt new technologies and working methods. However, the COVID-19 crisis has unavoidably birthed some innovations as the market is compelled to adapt to a higher level of packaging safety, which transform the industry outlook in the coming years.
The biodegradable paper and plastic packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand tons and revenue in USD million from 2018 to 2030 for the following segments
By Type
- Starch Based Plastic
- Cellulose Based Plastic
- Polylactic Acid (PLA)
- Polyhydroxyalkanoates (PHA)
- Others
By Material
- Paper
- Plastic
By End-User
- Food and Beverage
- Catering Service Wares
- Personal and Home Care
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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