North America Biodegradable Paper and Plastic Packaging Market, By Type (Plastic and Paper), Material (Plastic and Paper), End-User (Packaging, Food and Beverage, Catering Service wares, Personal and Home Care, Healthcare and Others) - Industry Trends and Forecast to 2030.
North America Biodegradable Paper and Plastic Packaging Market Analysis and Size
Biodegradable packaging is defined as a method of guaranteeing that items are completely protected from natural deterioration. Consumers are shifting away from synthetic plastic and toward biodegradable paper and plastic packaging because it is a more environmentally friendly product with a lower environmental effect. Biodegradable packaging has several uses in a variety of industries, including packaging, food and drinks, and healthcare. A biodegradable package is created depending on the type of material required to keep various types of commodities.
Data Bridge Market Research analyses that the North America biodegradable paper and plastic packaging market which was USD 1,284.54 million in 2022, is expected to reach USD 2,485.35 million by 2030, and is expected to undergo a CAGR of 8.6% during the forecast period of 2023 to 2030. “Plastic” dominate the material segment of the North America biodegradable paper and plastic packaging market due to increase in demand in food and beverages industry with rise in income level of people. 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.
North America Biodegradable Paper and Plastic Packaging Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volume in Units, Pricing in USD
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Segments Covered
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Type (Plastic and Paper), Material (Plastic and Paper), End-User (Packaging, Food and Beverage, Catering Service wares, Personal and Home Care, Healthcare and Others)
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Countries Covered
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U.S., Canada, Mexico
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Market Players Covered
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Tekpak Solutions (Canada), International Paper (U.S.), Be Green Packaging (U.S.), Stora Enso (Finland), Chamness Biodegradables LLC (U.S.), Riverside Paper Co. Inc. (U.S.), SmartSolve Industries (U.S.), STOROPACK HANS REICHENECKER GMBH (Germany), Ultra Green Sustainable Packaging (U.S.), Federal Industries (U.S.), American Container Concepts Corp (U.S.). and American Excelsior, Inc. (U.S.)
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Market Opportunities
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Market Definition
Biodegradable paper and plastic packaging are commonly used to carry products and commodities from one site to another, since plastic allows logistics businesses to move goods and materials over great distances and in any environmental condition. Water, dust, and other environmental concerns are kept at bay by biodegradable paper and plastic packaging, which keeps packaged items secure and safe. Biodegradable paper and plastic packaging comes in a variety of forms, including corrugated boxes, paper bags and sacks, plastic boxes, bubble wraps, and more. Food and beverage, cosmetics and personal care, pharmaceuticals, automotive, and other sectors employ biodegradable paper and plastic packaging.
North America Biodegradable Paper and Plastic Packaging Market Dynamics
Drivers
- Rising Environmental Awareness and Regulations
Growing public concern about plastic pollution and environmental sustainability is a significant driver for biodegradable paper and plastic packaging in North America. Governments are implementing stricter regulations on single-use plastics, encouraging businesses to adopt eco-friendly alternatives. This creates a favorable market environment for biodegradable packaging solutions.
- Surging Consumer Demand for Sustainable Products
Consumers are increasingly seeking eco-friendly packaging options. Biodegradable packaging appeals to environmentally conscious consumers, giving businesses a competitive edge. This demand-driven shift towards sustainability is motivating companies to invest in biodegradable paper and plastic packaging solutions.
Opportunity
- Innovative Materials and Design Solutions
The North American biodegradable packaging market offers substantial growth opportunities. As the industry evolves, there is room for innovation in materials, design, and manufacturing processes. Companies that invest in research and development can gain a competitive advantage by introducing novel, sustainable packaging solutions.
Restraints/Challenges
- Cost and Scalability of Biodegradable Packaging
Biodegradable materials tend to be more expensive than traditional plastics and paper. Manufacturers face the challenge of maintaining cost competitiveness while ensuring the scalability of biodegradable packaging solutions. Achieving cost parity with conventional options is crucial for widespread adoption.
- Limited Performance and Shelf Life
Biodegradable packaging materials may have limitations in terms of durability and shelf life compared to traditional counterparts. Balancing eco-friendliness with the need to protect products adequately can be challenging, especially for items requiring extended storage or transportation. Finding solutions that meet both criteria is a key challenge.
This North America 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 North America 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2020, Unilever announced to reduce its usage of virgin plastic packaging by more than 100,000 tons and augment the use of recycled plastic and go for complete biodegradable packaging materials by 2025
- In 2021, PepsiCo announced to adopt 100% biodegradable, recyclable and compostable materials in packaging by the end of 2025
North America Biodegradable Paper and Plastic Packaging Market Scope
The North America 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
- Plastic
- Paper
Material
- Plastic
- Paper
End-User
- Packaging
- Food and Beverage
- Catering Service wares
- Personal and Home Care
- Healthcare
- Others
North America Biodegradable Paper and Plastic Packaging Market Regional Analysis/Insights
The North America 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 North America biodegradable paper and plastic packaging market report are U.S., Canada, and Mexico
U.S. dominates and it is fastest growing country in the North America biodegradable paper and plastic packaging market region because of the bans and restrictions on the use of single use plastic products.
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 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 North America 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 North America Biodegradable Paper and Plastic Packaging Market Share Analysis
The North America 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, North America 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 North America biodegradable paper and plastic packaging market.
Some of the major players operating in the North America biodegradable paper and plastic packaging market are:
- Tekpak Solutions (Canada)
- International Paper (U.S.)
- Be Green Packaging (U.S.)
- Stora Enso (Finland)
- Chamness Biodegradables LLC (U.S.)
- Riverside Paper Co. Inc. (U.S.)
- SmartSolve Industries (U.S.)
- STOROPACK HANS REICHENECKER GMBH (Germany)
- Ultra Green Sustainable Packaging (U.S.)
- Federal Industries (U.S.)
- American Container Concepts Corp (U.S.)
- American Excelsior, Inc. (U.S.)
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