Early in the 21st century, there was an effort towards banning single-use plastics globally, which are utilized in consumer goods in the stores. Government all around the globe have set up some rules and regulations to ban lightweight plastic bags because they cause a plethora of diseases. Therefore, phasing out of single use plastics is a major step towards the environmental conservation in the market. This factor is one of the major drivers for the growth of the biodegradable paper and plastic packaging market.
Data Bridge Market Research analyses that the Biodegradable Paper and Plastic Packaging Market are expected to reach USD 21.43 billion by 2029 from USD 10.24 billion in 2021, growing at a CAGR of 9.67% in the forecast period of 2022 to 2029. The growing production of biodegradable packaging for the healthcare industry will provide potential opportunities for the market growth in the forecast period.
Growing consumer awareness related to eco-friendly packaging is expected to drive the market's growth rate
Toxic material dumping and excessive packaging waste into the environment have increased he concerns for eco-friendly packaging of materials to make the decomposition process easier to handle. Low-carbon emission packaging material has become the major focus of packaging industries because it is eco-friendly. Development in the areas of low carbon and environmental material by exploring innovative and new materials which are of great importance in the growth of green packaging in the market worldwide. Biodegradable paper and plastic packaging is eco-friendly and non-toxic for the human health and the environment. Thus, increasing consumer awareness regarding the properties of biodegradable paper and plastic packaging is a major driver for the growth of the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Starch Based plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA)), Material (Plastic, Paper), End-User (Food and Beverage, Catering Service wares, Personal and Home Care, Healthcare, Others),
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Riverside Paper Co. Inc. (U.S.), SmartSolve Industries (U.S.), Özsoy Plastik (Turkey), Ultra Green Sustainable Packaging (U.S.), Hoşgör Plastik (Turkay), Eurocell S.r.l (U.K.), Tetra Pak International SA (Switzerland), (U.S.), Kruger Inc. (Canada), Amcor PLC (Switzerland), Mondi (U.K.), International Paper Company (U.S.), Smurfit Kappa (U.S.), DS Smith (U.K.), Klabin SA (Brazil), Rengo Co. Ltd (Japan), WestRock Company (U.S.), Stora Enso (Sweden), Bemis manufacturing company (U.S.), Rocktenn (U.S.), BASF SE (Germany), Clearwater Paper Corporation (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The biodegradable paper and plastic packaging market is segmented on the basis of type, material and end-user.
- On the basis of type, the biodegradable paper and plastic packaging market is segmented into starch based plastic, cellulose based plastics, polylactic acid (PLA), polyhydroxyalkanoates (PHA).
- On the basis of material, the biodegradable paper and plastic packaging market is segmented into plastic and paper.
The plastic segment of material segment is anticipated to dominate the biodegradable paper and plastic packaging market
Plastic segment is expected to dominate the global biodegradable paper and plastic packaging market with 81.80% market share because of its recyclability and reuse characteristics. It reduces the cost and also decreases the release of carbon footprint at the manufacturing time, making it eco-friendly in nature.
- On the basis of end-user, the biodegradable paper and plastic packaging market is segmented into packaging, food and beverage, catering service wares, personal and home care, healthcare and others.
The food and beverage segment of end-user segment is anticipated to dominate the biodegradable paper and plastic packaging market.
Food and beverage segment is expected to dominate the global biodegradable paper and plastic packaging market with 44.48% market share because biodegradable paper and plastic packaging provide extended shelf life to the food and beverages products and also offer high quality and healthy food to the consumers.
Major Players
Data Bridge Market Research recognizes the following companies as the major biodegradable paper and plastic packaging market players in biodegradable paper and plastic packaging market Huhtamaki Riverside Paper Co. Inc. (U.S.), SmartSolve Industries (U.S.), Özsoy Plastik (Turkey), Ultra Green Sustainable Packaging (U.S.), Hoşgör Plastik (Turkay), Eurocell S.r.l (U.K.), Tetra Pak International SA (Switzerland), (U.S.), Kruger Inc. (Canada), Amcor PLC (Switzerland), Mondi (U.K.), International Paper Company (U.S.), Smurfit Kappa (U.S.), DS Smith (U.K.), Klabin SA (Brazil)
Market Development
- In 2019, SmartSolve Industries introduced a new range of eco-friendly and water-soluble paper that can be used for packaging and labelling the products. SmartSolve incorporates a family of ec0-friendly water soluble paper materials that are formed in multiple coatings, thicknesses, and configurations.
- In 2019, Storopack Hans Reichenecker Gmbh launched a new PAPERplus product that will help company to increase their emphasis on sustainability. Service providers and manufacturers who ship, heavy, large, and fragile products can now profit from PAPERplus.
Regional Analysis
Geographically, the countries covered in the biodegradable paper and plastic packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in biodegradable paper and plastic packaging market during the forecast period 2022 to 2029
Asia-Pacific dominates the biodegradable paper and plastic packaging market due to the growing awareness regarding the benefit of biodegradable paper and plastic packaging and increasing growth of food and beverages industry in this region. China dominates Asia-Pacific market owing to increase in urbanization and growing population that uses biodegradable paper and plastic packaging increases,
Europe is estimated to be the fastest-growing region in biodegradable paper and plastic packaging market the forecast period 2022 to 2029
Europe is expected to grow during the forecast period of 2022 to 2029. This is mainly owing to the presence of major market players of biodegradable paper and plastic packaging in this region. Furthermore, the growth and expansion of electronic, food and beverage packaging industries is also anticipated to drive the market rate growth in this region.
For more detailed information about biodegradable paper and plastic packaging market report, click here – https://www.databridgemarketresearch.com/reports/global-biodegradable-paper-plastic-packaging-market
