Global Biodegradable Paper and Plastic Packaging Market, By 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), – Industry Trends and Forecast to 2029
Market Analysis and Size
Packaging is one of the main industries in the globe. The biodegradable packaging is an easily biodegradable and natural protection method for packaging. Biodegradable plastic and paper packaging are extensively used in the packaging of products and materials transported from one place to another, as plastic allows logistics companies to transport their goods and materials over a large distance and in any environmental condition. In the wake of sustainable development, logistic end users are more inclined towards the use of biodegradable paper and plastic packaging material because it is non-toxic for the human health and environment. Biodegradable paper and plastic packaging aids to protect product from water, dust, and other climate conditions, therefore helping keep packed goods secure and safe.
Data Bridge Market Research analyses that the biodegradable paper and plastic packaging market was valued at USD 10.24 billion in 2021 and is expected to reach USD 21.43 billion by 2029, registering a CAGR of 9.67 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, 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 and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Riverside Paper Co. Inc. (US), SmartSolve Industries (US), Özsoy Plastik (Turkey), Ultra Green Sustainable Packaging (US), Hosgör Plastik (Turkey), Eurocell S.r.l (UK), Tetra Pak International SA (Switzerland), (US), Kruger Inc. (Canada), Amcor PLC (Switzerland), Mondi (UK), International Paper Company (US), Smurfit Kappa (US), DS Smith (UK), Klabin SA (Brazil), Rengo Co. Ltd (Japan), WestRock Company (US), Stora Enso (Sweden), Bemis manufacturing company (US), Rocktenn (US), BASF SE (Germany), Clearwater Paper Corporation (US)
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Market Opportunities
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Market Definition
Biodegradable is the property of material which refers to the ability of materials to break down and return to their nature stage. For packaging material and products to qualify as biodegradable, they must completely decompose or break down into natural elements within a short time period after disposal, or typically in a year or less.
Biodegradable Paper and Plastic Packaging Market Dynamics
Drivers
- Increase the demand due to environmental concern
The use of biodegradable materials in packaging such as paper and plastic has numerous potential aids for balancing greenhouse gases and other environmental impacts over the entire life cycles and using renewable rather than finite resources. It is anticipated that the use of biodegradable paper and plastic materials will contribute to reduction in the environmental impact which has associated with the disposal of oil-based polymers and maintain sustainability
- Huge demand in food industry
Food industries are growing which increase the demand of packaging material. Paper and Plastics have altered the food industry to higher levels. But, the conventional petroleum based plastics are non-degradable which has produced lots of environmental problems like a threat to degrading air and aquatic life so the food industries use biodegradable paper and plastic. It has emerged as a different approach for numerous industrial applications to control the hazard which has caused by non-biodegradable paper and plastic.
- Rise in the number of government initiatives for spreading consumer awareness
The biodegradable paper and plastic packaging market is anticipated to increase due to rising the number of government initiatives to spread consumer awareness globally. With the rise in government activities to increase awareness regarding biodegradable paper and plastic packaging, the market is being pushed by augmented demand for biodegradable paper and plastic packaging from end-user industries for instance restaurants, malls, retail establishments, hotels, and others.
Opportunities
Biodegradable paper and plastics demand is expected to rise in emerging BRICS economies over the upcoming period due to growing electronic, food and beverage packaging industries in these countries. Changing lifestyle patterns will increase the demand for packaged food products which are anticipated to drive the food and beverage industry. The growing pharmaceuticals packaging industry will also further boost the growth of the market. Technological advancement in distribution and sales channels coupled with innovative manufacturing processes is predicted to expand the biodegradable paper and plastics market in the upcoming years.
Restraints/ Challenges
However, cost effectiveness and lack of sufficient technology are the major challenges which are expected to hamper market growth rate. Changing consumer mind-set which has associated with higher prices than conventional products is projected to be a major challenge faced by end user industry. Other factors, such as shorter life and inability to recycle some materials that are not completely biodegradable, are anticipated to restrain the market growth to some extent. Furthermore, cross-contamination in recycling facilities, lower strength and load-carrying capacity of biodegradable materials could further obstruct the market's growth rate.
This biodegradable paper and plastic packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biodegradable paper and plastic packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Biodegradable Paper and Plastic Packaging Market
Most industries have been negatively impacted during Covid-19 pandemic across the globe. This outbreak has significantly disrupted manufacturing and supply-chain operations as a result of several lockdowns, as well as other limitations that the government imposed over the world. This same applies to the global biodegradable paper and plastic packaging market. Furthermore, consumer demand has also subsequently decreased, eliminating non-essential expenses from their respective budgets but increasing the demand for e-commerce. However, as respective governing authorities start to lift these imposed lockdowns, the global biodegradable paper and plastic packaging market is anticipated to improve accordingly.
Global Biodegradable Paper and Plastic Packaging Market Scope
The biodegradable paper and plastic packaging market is segmented on the basis of type, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Biodegradable Paper and Plastic Packaging Market Regional Analysis/Insights
The biodegradable paper and plastic packaging market is analysed and market size insights and trends are provided by country, type, material and end-user as referenced above.
The countries covered in the biodegradable paper and plastic packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the biodegradable paper and plastic packaging market in terms of revenue and market share during the forecast period. This is due to the increasing demand for biodegradable paper and plastic packaging in this region. The Asia-Pacific region leads the biodegradable paper and plastic packaging market because of increasing awareness for plastic segment and growing business expansion in food and beverages industry among the consumers. Due of the ease of the large consumption because of increase in urbanization and population in different sectors that uses biodegradable paper & plastic packaging increases, China is leading the Asia-Pacific market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biodegradable Paper and Plastic Packaging Market Share Analysis
The biodegradable paper and plastic 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biodegradable paper and plastic packaging market.
Some of the major players operating in the biodegradable paper and plastic packaging market are:
- Riverside Paper Co. Inc. (US)
- SmartSolve Industries (US)
- Özsoy Plastik (Turkey)
- Ultra Green Sustainable Packaging (US)
- Hosgör Plastik (Turkey)
- Eurocell S.r.l (UK)
- Tetra Pak International SA (Switzerland)
- (US), Kruger Inc. (Canada)
- Amcor PLC (Switzerland)
- Mondi (UK)
- International Paper Company (US)
- Smurfit Kappa (US)
- DS Smith (UK)
- Klabin SA (Brazil)
- Rengo Co. Ltd (Japan)
- WestRock Company (US)
- Stora Enso (Sweden)
- Bemis manufacturing company (US)
- Rocktenn (US)
- BASF SE (Germany)
- Clearwater Paper Corporation (US)
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