Global Biodegradable Packaging Market Size was valued at USD 85.11 billion in 2018 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.7% during the forecast period, i.e. 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Biodegradable packaging is a new trend which creates a new material form the various materials, which creates trends for green living. The companies now focus on making sure more and more of what we toss out from our homes and places of business is biodegradable, we are closer to the goal of making Earth an eco-friendly place with less waste.

Market Dynamics

Biodegradable Packaging Market was valued at 969.9 kilo tons in 2016 and is estimated to grow at a CAGR of 5.7% from 2017-2025. The market is expected to grow at a faster pace during the forecast period.  The Biodegradable Packaging market is primarily driven by increasing consumer awareness regarding the environmental impact of packaging products and a willingness to replace packaging materials by alternatives with a lower carbon footprint or made from renewable resources are the main driver for development and the use of these materials.

However, consumer awareness regarding the environmental impact of packaging products and a willingness to replace packaging materials by alternatives with a lower carbon footprint or made from renewable resources are the main driver for development and the use of these materials.

Segment Analysis 

Based on the material type, the biodegradable packaging market is segmented as plastic, and paper. Plastic segment is further sub segmented as starch based plastic, cellulose based plastic, polylactic acid, and others. Similarly, paper is the second largest contributor in the global market.

On the basis of application, the biodegradable packaging market is segmented Food & Beverages, Pharmaceuticals, Personal Care, E-Commerce, Home Care, Automotive, Others.  Food & beverages is the largest segment contributing in the market growth in the coming years. The major factor increasing the packaging need in this industry is the continuous increasing production of various processed foods, and favorable government norms that promote the production of processed food.  

Regional Analysis

Europe to hold the largest market share in this industry, owning to the presence of the key players in this region, and continuous advancement by these players for various innovations in the packaging. Moreover, North America is considered to be the fastest growing market owning to the increasing processing industry, and favorable government scenario.

Global Biodegradable Packaging Market Size, Share Analysis By Region 2017

Asia Pacific is expected to favor the growing biodegradable packaging market demand due to increase in contract production processes coupled with growing government interest to promote environmental friendly products. This is done by providing high incentives in several countries including China and India. Changing lifestyle along with growing demand for packed food products in the region is also projected to drive biodegradable packaging. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

Global Biodegradable Packaging Market Study Objective

1. To forecast the market size of biodegradable packaging market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of biodegradable packaging market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of biodegradable packaging market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of biodegradable packaging market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the biodegradable packaging market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of biodegradable packaging market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of biodegradable packaging market commercially.

Key Players

Major players operating in global biodegradable packaging market include Novamont, BASF, Mondi Group, International Paper, Smurfit Kappa, Arkema, RockTen, Green Packaging, Stora Enso, Biopak Pty, Cortec, Tetra Pak, Natureworks, Kruger, Georgia-Pacific, Clearwater Paper, Prolamina, Simbiousa, McNichols Co, EarthFirst Brand Films, Berkley International Packaging, RNS and Bemis Company

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