North America Compostable Packaging Market By Product Type (Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, Clamshells, Pouches & Sachets, Others), Material (Plastic, Paper & Paperboard, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others), End-User (Food & Beverages, Medical, Automotive, Electrical & Electronics, Agriculture, Textile Goods, Personal & Home Care, Chemical, Others), Country (U.S., Canada, Mexico), Market Trends and Forecast to 2027
Market Analysis and Insights: North America Compostable Packaging Market
Compostable packaging market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 16.9% in the forecast period of 2020 to 2027 and expected to reach USD 2,127,632.14 thousand by 2027.
Growing consumption of food and beverages in the U.S. boosts the demand of compostable packaging in the bottles and cans. The U.S. is dominating due to growing preference towards eco-friendly products particularly I packaging of food and beverages items.
This Compostable Packaging Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Compostable Packaging Market Scope and Market Size
North America compostable packaging market is segmented on the basis of product type, material, packaging layer, distribution channel and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into bags, trays, cups, plates, films, lids, straws, cutlery, bowls, clamshells, pouches & sachets and others. In North America, bags segment is dominating in the market due to rising use of compostable bags in specially food and beverages industries due health concern.
- On the basis of material, the market is segmented into plastic, paper & paperboard and others. In North America, plastic segment is dominating in the market because it is less expensive and provides better stability than other materials.
- On the basis of packaging layer, the market is segmented into primary packaging, secondary packaging and tertiary packaging. In North America, primary packaging segment is dominating in the market due to rising use of primary packaging specially in food and beverages items for reduce risk of spoil.
- On the basis of distribution channel, the market is segmented into B2B, supermarkets/hypermarkets, departmental stores, convenience stores, specialty stores, e-commerce and others. In North America, B2B segment is dominating in the market due to presence of number of food and beverages industries in the U.S and other countries.
- On the basis of end-user, the market is segmented into food & beverages, medical, automotive, electrical & electronics, agriculture, textile goods, personal & home care, chemical and others. In North America, food & beverages segment is dominating in the market due to rising consumption of various food and beverages items in North America region.
Compostable Packaging Market Country Level Analysis
North America compostable packaging market is analysed and market size information is provided by country, product type, material, packaging layer, distribution channel and end-user as referenced above.
The countries covered in the compostable packaging market report are U.S., Canada and Mexico in North America. North America compostable packaging market is growing due to the growing food and beverages industry which requires biodegradable packaging.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Investments for Compostable Packaging Solutions
North America compostable packaging market also provides you with detailed market analysis for every country growth in installed base of different kind of products for compostable packaging market, impact of technology using life line curves and changes regulatory scenarios and their impact on the compostable packaging market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Compostable Packaging Market Share Analysis
North America compostable packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America compostable packaging market.
The major players covered in the report are International Paper, Smurfit Kappa, Mondi, BASF SE, Be Green Packaging HQ, Futamura Group, Stora Enso, WestRock Company, Amcor plc, NatureWorks LLC, Paper Water Bottle and Genpak, LLC, among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- Smurfit Kappa in the year 2019 launched AgroPaper which is a compostable and green paper to provide substitution for the plastic material. It will help the company to expand its product portfolio.
- BASF SE is growing its range of high-performance foam products with ecovio EA, the first extensible, closed-cell foam substance i.e., biobased, but manufactured from maize and other sugar-generated plants such as cassava from BASF's biodenominable polymer ecoflex and polylactic acid (PLA). The launch in the year 2019 will help the company to increase their product portfolio in the area of compostable packaging.
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