Asia-Pacific Compostable Packaging Market Segmentation, 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) - Market Trends and Forecast to 2031.
Asia-Pacific Compostable Packaging Market Size
Asia-Pacific compostable packaging market size was valued at USD 1.79 billion in 2023 and is projected to reach USD 6.77 billion by 2031, with a CAGR of 18.1% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes
|
Compostable Packaging Key Market Insights
|
|
Segmentation
|
By Product Type: Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, Clamshells, Pouches & Sachets, Others
By Material: Plastic, Paper & Paperboard, Others
By Packaging Layer: Primary Packaging, Secondary Packaging, Tertiary Packaging
By Distribution Channel: B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others
By End-User: Food & Beverages, Medical, Automotive, Electrical & Electronics, Agriculture, Textile Goods, Personal & Home Care, Chemical, Others
|
|
Countries Covered
|
China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, and Rest of Asia-Pacific in Asia-Pacific
|
|
Key Market Players
|
International Paper, Mondi, BASF SE, Be Green Packaging HQ, Futamura Group, WestRock Company, BIOPAK, Amcor plc, Wuxi Topteam Co.Ltd, NatureWorks LLC, Ecolifellc.com, Lithey Inc., Biotec Pvt. Ltd and Avani Eco,
|
Asia-Pacific Compostable Packaging Market Dynamics
Growing population and increasing packaging industry in Asia-Pacific countries is boosting the market growth in the region. Asia-Pacific is growing with highest CAGR due to rising population, which also raises the demand for food consumption in which compostable packaging is widely used. .
This compostable packaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized 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.
Asia-Pacific Compostable Packaging Market Scope
Asia-Pacific 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 analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
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
Compostable Packaging Market Regional Analysis
Asia-Pacific compostable packaging market is analyses 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 China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, and Rest of Asia-Pacific in Asia-Pacific.
Asia-Pacific compostable packaging market is dominating the market due to increasing demand of eco-friendly in the packaging industry.
The country section of the compostable packaging market 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.
Compostable Packaging Market Share
Asia-Pacific 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 Asia-Pacific Compostable packaging market.
Compostable Packaging Market Leaders Operating in the Market Are:
- International Paper
- Mondi
- BASF SE
- Be Green Packaging HQ
- Futamura Group
- WestRock Company
- BIOPAK
- Amcor plc
- Wuxi Topteam Co.Ltd
- NatureWorks LLC
- Ecolifellc.com
- Lithey Inc.
- Biotec Pvt. Ltd
- Avani Eco
Latest Developments in Compostable Packaging Market
- In 2019, BIOPAK declared their expansion of sustainable packaging products in Singapore to initiate the zero waste packaging products. It will help the company to increase their global footprint in the market.
In May 2019, Stora Enso introduced a paperboard which is renewable for the purposes of paper cups, Cupforma. The products are suited for recycling process without traditional coating of plastic. They are entirely made for the recovery of fiber both cold and hot cups.
SKU-