Biodegradable Packaging Material Market
Biodegradable Packaging Material Market By Material (Paper and Paperboards, Plastic, Jute, Wooden Biodegradable Packaging Materials), By Application (Trays, Bags, Boxes, Clamshells, Films, Pouches), By End-Use Industries & By Region - Global Market Insights 2022 to 2032
Analysis of Biodegradable Packaging Material market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Biodegradable Packaging Materials Market Outlook (2022 to 2032)
The global biodegradable packaging materials market is estimated at USD 88 Billion in 2022 and is forecast to surpass USD 169 Billion by 2032, growing at a CAGR of 6.8% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Base Year Value (2021A) | USD 84 Billion |
| Estimated Year Value (2022E) | USD 88 Billion |
| Projected Year Value (2032F) | USD 169 Billion |
| Forecast CAGR (2022 to 2032) | 6.8% |
| North America Market Share in 2021 | ~25% |
| Collective Value Share (US, UK, Germany) 2022: Top 3 Countries | ~31% |
| Key Companies Profiled | Amcor plc; Smurfit Kappa; Sealed Air; International Paper; Mondi Group PLC; WestRock Company; Tetra Pak International S.A; DS Smith; Kruger Inc.; Toray Plastics (America), Inc. |
The global biodegradable packaging materials market accounts for ~9% of global packaging market in 2022 and is expected to expand due to augmented consumer spending on sustainable biodegradable packaging materials because of enhanced environment-consciousness. The global biodegradable packaging materials market is projected to have an absolute $ opportunity of USD 81 Billion during the assessment period of 2022 to 2032.
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2017 to 2021 Global Biodegradable packaging materials Market Outlook in Comparison to 2022 to 2032 Growth Forecast
The market demand for biodegradable packaging materials is witnessing an upsurge by 1.3X and the growth is mainly attributed to factors like the global war against harmful packaging materials made up of plastic and other harmful components and augmented demand for sustainable packaging in multiple industries of food & beverages, pharmaceuticals etc.
Enhanced focus on sustainability, less damaging impact on the environment, augmented consumer awareness coupled with government’s ban on plastic and emphasis on efficient packaging solutions is likely to trigger market growth by 1.7X during the forecast years of 2022 to 2032.
Biodegradable packaging materials market manufacturers are adopting marketing strategies that deliver a pro-environment message to their customers, which is poised to help them gain a larger market share. For instance, Coca-Cola and PepsiCo in 2021 announced to adopt 100% biodegradable, recyclable and compostable materials in packaging by the end of 2025. Coca-Cola in 2021 launched bottled made up of 100% recycled plastic and even pledged to integrate 50% recycled materials across its worldwide packaging by the end of 2030.
Unilever in 2020, announced to reduce its usage of virgin plastic packaging by more than 100,000 tonnes and augment the use of recycled plastic and go for complete biodegradable packaging materials by 2025.
Fact.MR projects the market to witness exhibiting growth at 6.8% CAGR between 2022 and 2032 in comparison to a CAGR of 3.3% posted between 2017 and 2021.
Consumer Pressure and “Attenborough Effect”
Millennials are becoming increasingly aware of the negative environmental footprints of plastic usage and are thus, leaning towards environmental conscious packaging materials. They value sustainability and are even ready to pay a higher price for it.
Attenborough effect is contributing to market growth. The term is named after David Attenborough, who educates people about plastic usage issues and sustainability. According to Global Web Index, more than 52% of consumers in the U.S and U.K have reduced single-use plastics and 42% considers sustainable packaging while making a purchase, due to the Attenborough effect. All these factors are likely to increase sales of biodegradable packaging materials market by 1.2X.
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Investment in Cutting-Edge Manufacturing Technologies
Manufacturers are investing in state-of-the-art technologies to cater to ever increasing demand for affordable and highly-efficient biodegradable packaging materials. In addition to this, next-generation technological solutions are aiding producers to provide industry-specific packaging solutions.
Moreover, the global war against plastic is creating lucrative opportunities for manufacturers to enter the biodegradable packaging materials market and entice customers with their offerings.
Producers are investing in extrusion coating and resin reclamation technology to boost flexibility and speed of manufacturing processes and provide the right packaging solutions, which is likely to contribute to approximately 3/4th of market revenue during the forecast period of 2022 to 2032.
Stringent Regulations Driving Biodegradable Packaging Material Market
According to World Bank, plastic waste generation is projected to increase by roughly 70% and by 2050, it is likely to reach more than 3.3 billion tonnes.
The perils of plastic waste generation have forced governments and institutes to impose a ban on single-use plastic packaging materials. Several regulations and legislations primarily focused on plastic packaging and single-use plastic have been introduced in over 60 countries, regions and cities. Certification procedures and labelling regulations are in place to control false claims about sustainable packaging.
United States comprises only 4% of the world’s population but produces more than 105 Kg of plastic per person per year. The Break Free from Plastic Pollution Act in the U.S. forces producers to ban single-use plastic products, handle waste, and pause permits of new plastic plants, in addition to other measures, imposed.
The National Action Plan for Sustainable Plastic Management introduced set 3 targets of plastic concern. First, is to recycle 50% of plastics by end of 2025, second, to phase out single-use plastic by 90% by end of 2026 and thirdly, to reduce plastic waste generation by 30% by 2030.
Manufacturers need to comply with stringent government regulations established in regional markets and make a shift towards eco-friendly packaging solutions which is expected to boost the market growth.
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Factors Hindering Market Growth
No doubt, the ban on plastics has inclined consumers towards the adoption of biodegradable packaging alternatives but high recycling and manufacturing costs of biodegradable packaging materials are poised to hinder the market growth. Market players in end-use industries are facing huge challenges due to the unavailability of cost-effective biodegradable packaging materials.
Region-wise Insights
Which is the dominant region for the Biodegradable Packaging Materials market?
North America biodegradable packaging materials market is dominant in overall sales of the product. It contributes more than 24.9% to the overall market share and is poised to grow at the same pace. Manufacturing companies in North America are commercializing the production of biodegradable packaging wherein, production units have been shifted to Asian countries because of low operating costs. Additionally, this region has recognized biodegradable standards in place like the American Society for Testing and Materials (ATM) standards in the US etc., supporting biodegradable packaging materials market growth.
In North America, the United States is the dominant country contributing approximately 18.9% to the overall market. U.S. Food Packaging Regulations laid down by the U.S. Food and Drug Administration (FDA), regulating materials like plastics, papers etc. to ensure they are safer to use along with rising consumer consciousness towards eco-friendly packaging is anticipated to drive the biodegradable packaging materials market.
Favorable regulations from the government along with rising consumer consciousness towards eco-friendly packaging is anticipated to drive the biodegradable packaging materials market.
What is the market scenario in the Asia-Pacific?
East Asia and South Asia biodegradable packaging materials markets are contributing nearly 19.3% and 17.2% to the overall market share, respectively and are likely to witness an upper single-digit growth rate during the assessment period of 2022 to 2032.
The emergence of new companies in the Asian countries of Thailand and China is leading to the creation of a production hub in the region. Additionally, several e-commerce giants in online goods and food delivery are showing interest to switch to biodegradable packaging materials. In China alone, if online food delivery and online sectors switch to biodegradables, it is bound to place additional demand of 700,000 tonnes of biodegradable packaging materials.
Global mismanaged plastic waste is dominated by East Asia and the Pacific region, accounting for more than 3/5th of the world mismanaged plastic waste. This is poised to place 1.9x demand on table from Asia-Pacific biodegradable packaging materials market solutions.
Category-wise Insights
Which material type of Biodegradable Packaging Materials is projected to show maximum growth?
Biodegradable packaging materials are available in several material types such as paper and paperboards, plastic, jute, and wood under which paper and paperboards biodegradable packaging materials is likely to retain the dominant position in the global market. It accounts for nearly 62.3% of the global market share and is likely to contribute to ~85% of total market revenue during assessment years.
Which end-use industry is driving demand for the Biodegradable Packaging Materials Market?
Sales of biodegradable packaging materials are likely to be driven by the food and beverage industry amongst all other end-use industries. The food & Beverage industry accounts for more than 34% of the overall market share. Numerous factors such as enhanced demand for ready-to-eat meals, convenience food, packaged food products are expected to boost market demand by 1.3x.
Competitive Landscape: Top Companies of Biodegradable Packaging Materials Market
The global biodegradable packaging materials market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of eye-catching biodegradable packaging materials comprising of better functionalities and variants.
Fact.MR has provided detailed information about price points of top manufacturers of biodegradable packaging materials positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- Smurfit Kappa in 2021 launched a new range of eBottle packaging solutions for the growing online beverage market. This range is more sustainable made from recyclable raw material and is customizable according to bottle shapes and sizes. The company also offers a range of automated solutions that helps in the optimization of packaging processes.
- Amcor Limited in 2021, announced that its team has created more sustainable packaging solutions for butter and margarine, which is made entirely from paper. The paper wrapper is 38% lighter than aluminium and paper packaging and reduces carbon footprint by 81%, thus, helping consumers meet sustainability goals.
Global Biodegradable packaging materials Market by Category
-
By Material Type :
- Paper and Paperboards
- Coated Unbleached Kraft Paperboard
- Bleached Paperboard
- Molded Fiber Pulp Paperboard
- Recycled Paper Paperboard
- Plastic
- Poly Lactic Acid (PLA)
- Polyhydroxybutyrate (PHB)
- Starch Based Plastic
- Fossil Based Polymer (PCL, PBAT, PBS etc.)
- Polyhydroxyalkanoates (PHA)
- Jute
- Wood
- Paper and Paperboards
-
By Application :
- Trays
- Bags
- Boxes
- Clamshells
- Films
- Pouches
-
By End-Use Industries :
- Food & Beverage Industry
- Cosmetics and Personal Care Products Industry
- Pharmaceuticals Industry
- Consumer Goods Industry
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Value Chain Analysis
- 6. Supply Chain Analysis
- 7. Global Demand for s Market - Pricing Analysis
- 8. Global Demand for s Market 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Demand for s Market 2017 to 2021 and Forecast 2022 to 2032, By Material Type
- 9.1. Paper and Paperboards
- 9.1.1. Coated Unbleached Kraft Paperboard
- 9.1.2. Bleached Paperboard
- 9.1.3. Molded Fiber Pulp Paperboard
- 9.1.4. Recycled Paper Paperboard
- 9.2. Plastic
- 9.2.1. Poly Lactic Acid (PLA)
- 9.2.2. Polyhydroxybutyrate (PHB)
- 9.2.3. Starch Based Polymer (PCL, PBAT, PBS etc.)
- 9.2.4. Polyhydroxyalkanoates (PHA)
- 9.3. Jute
- 9.4. Wood
- 9.1. Paper and Paperboards
- 10. Global Demand for s Market 2017 to 2021 and Forecast 2022 to 2032, By Application
- 10.1. Trays
- 10.2. Bags
- 10.3. Boxes
- 10.4. Clamshells
- 10.5. Films
- 10.6. Pouches
- 11. Global Demand for s Market 2017 to 2021 and Forecast 2022 to 2032, By End-Use Industries
- 11.1. Food & Beverage Industry
- 11.2. Cosmetics and Personal Care Products Industry
- 11.3. Pharmaceuticals Industry
- 11.4. Consumer Goods Industry
- 12. Global Demand for s Market 2017 to 2021 and Forecast 2022 to 2032, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Demand for s Market 2017 to 2021 and Forecast 2022 to 2032
- 14. Latin America Demand for s Market 2017 to 2021 and Forecast 2022 to 2032
- 15. Europe Demand for s Market 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Demand for s Market 2017 to 2021 and Forecast 2022 to 2032
- 17. South Asia Demand for s Market 2017 to 2021 and Forecast 2022 to 2032
- 18. Oceania Demand for s Market 2017 to 2021 and Forecast 2022 to 2032
- 19. Middle East and Africa Demand for s Market 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Amcor plc
- 21.2. Smurfit Kappa
- 21.3. Sealed Air
- 21.4. International Paper
- 21.5. Mondi Group PLC
- 21.6. WestRock Company
- 21.7. Tetra Pak International S.A
- 21.8. DS Smith
- 21.9. Kruger Inc.
- 21.10. Toray Plastics (America), Inc.
- 22. Assumptions & Acronyms Used
- 23. Research Methodology
List Of Table
Table 1: Global Market Value (USD Billion) and Forecast by Region, 2017 to 2021
Table 2: Global Market Value (USD Billion) and Forecast by Region, 2022 to 2032
Table 3: Global Market Volume (Tons) and Forecast by Region, 2017 to 2021
Table 4: Global Market Volume (Tons) and Forecast by Region, 2022 to 2032
Table 5: Global Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 6: Global Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 7: Global Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 8: Global Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 9: Global Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 10: Global Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 11: Global Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 12: Global Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 13: Global Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 14: Global Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 15: Global Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 16: Global Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
Table 17: North America Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 18: North America Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 19: North America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 20: North America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 21: North America Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 22: North America Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 23: North America Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 24: North America Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 25: North America Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 26: North America Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 27: North America Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 28: North America Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 29: North America Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 30: North America Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 31: North America Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 32: North America Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
Table 33: Latin America Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 34: Latin America Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 35: Latin America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 36: Latin America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 37: Latin America Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 38: Latin America Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 39: Latin America Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 40: Latin America Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 41: Latin America Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 42: Latin America Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 43: Latin America Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 44: Latin America Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 45: Latin America Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 46: Latin America Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 47: Latin America Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 48: Latin America Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
Table 49: Europe Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 50: Europe Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 51: Europe Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 52: Europe Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 53: Europe Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 54: Europe Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 55: Europe Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 56: Europe Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 57: Europe Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 58: Europe Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 59: Europe Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 60: Europe Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 61: Europe Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 62: Europe Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 63: Europe Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 64: Europe Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
Table 65: East Asia Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 66: East Asia Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 67: East Asia Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 68: East Asia Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 69: East Asia Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 70: East Asia Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 71: East Asia Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 72: East Asia Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 73: East Asia Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 74: East Asia Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 75: East Asia Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 76: East Asia Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 77: East Asia Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 78: East Asia Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 79: East Asia Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 80: East Asia Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
Table 81: South Asia Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 82: South Asia Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 83: South Asia Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 84: South Asia Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 85: South Asia Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 86: South Asia Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 87: South Asia Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 88: South Asia Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 89: South Asia Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 90: South Asia Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 91: South Asia Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 92: South Asia Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 93: South Asia Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 94: South Asia Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 95: South Asia Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 96: South Asia Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
Table 97: Oceania Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 98: Oceania Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 99: Oceania Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 100: Oceania Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 101: Oceania Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 102: Oceania Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 103: Oceania Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 104: Oceania Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 105: Oceania Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 106: Oceania Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 107: Oceania Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 108: Oceania Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 109: Oceania Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 110: Oceania Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 111: Oceania Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 112: Oceania Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
Table 113: MEA Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 114: MEA Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 115: MEA Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 116: MEA Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 117: MEA Market Value (USD Billion) and Forecast by Material Type, 2017 to 2021
Table 118: MEA Market Value (USD Billion) and Forecast by Material Type, 2022 to 2032
Table 119: MEA Market Volume (Tons) and Forecast by Material Type, 2017 to 2021
Table 120: MEA Market Volume (Tons) and Forecast by Material Type, 2022 to 2032
Table 121: MEA Market Value (USD Billion) and Forecast by Application, 2017 to 2021
Table 122: MEA Market Value (USD Billion) and Forecast by Application, 2022 to 2032
Table 123: MEA Market Volume (Tons) and Forecast by Application, 2017 to 2021
Table 124: MEA Market Volume (Tons) and Forecast by Application, 2022 to 2032
Table 125: MEA Market Value (USD Billion) and Forecast by End-Use Industries, 2017 to 2021
Table 126: MEA Market Value (USD Billion) and Forecast by End-Use Industries, 2022 to 2032
Table 127: MEA Market Volume (Tons) and Forecast by End-Use Industries, 2017 to 2021
Table 128: MEA Market Volume (Tons) and Forecast by End-Use Industries, 2022 to 2032
List Of Figures
Figure 1: Global Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 2: Global Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 3: Global Market Value (USD Billion) by Region, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 5: Global Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 6: Global Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 7: Global Market Value (USD Billion) by Application, 2022 & 2032
Figure 8: Global Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 9: Global Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 11: North America Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 12: North America Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 13: North America Market Value (USD Billion) by Country, 2022 & 2032
Figure 14: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 15: North America Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 17: North America Market Value (USD Billion) by Application, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 19: North America Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 20: North America Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 21: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Material Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by End-Use Industries, 2022 to 2032
Figure 25: Latin America Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 26: Latin America Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 27: Latin America Market Value (USD Billion) by Country, 2022 & 2032
Figure 28: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 29: Latin America Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 30: Latin America Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 31: Latin America Market Value (USD Billion) by Application, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 33: Latin America Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 34: Latin America Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 35: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Attractiveness Analysis by Material Type, 2022 to 2032
Figure 37: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 38: Latin America Market Attractiveness Analysis by End-Use Industries, 2022 to 2032
Figure 39: Europe Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 40: Europe Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 41: Europe Market Value (USD Billion) by Country, 2022 & 2032
Figure 42: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 43: Europe Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 44: Europe Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 45: Europe Market Value (USD Billion) by Application, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 47: Europe Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 48: Europe Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 49: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 50: Europe Market Attractiveness Analysis by Material Type, 2022 to 2032
Figure 51: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 52: Europe Market Attractiveness Analysis by End-Use Industries, 2022 to 2032
Figure 53: East Asia Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 54: East Asia Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 55: East Asia Market Value (USD Billion) by Country, 2022 & 2032
Figure 56: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: East Asia Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 58: East Asia Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 59: East Asia Market Value (USD Billion) by Application, 2022 & 2032
Figure 60: East Asia Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 61: East Asia Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 62: East Asia Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 63: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 64: East Asia Market Attractiveness Analysis by Material Type, 2022 to 2032
Figure 65: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 66: East Asia Market Attractiveness Analysis by End-Use Industries, 2022 to 2032
Figure 67: South Asia Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 68: South Asia Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 69: South Asia Market Value (USD Billion) by Country, 2022 & 2032
Figure 70: South Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 71: South Asia Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 72: South Asia Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 73: South Asia Market Value (USD Billion) by Application, 2022 & 2032
Figure 74: South Asia Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 75: South Asia Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 76: South Asia Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 77: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 78: South Asia Market Attractiveness Analysis by Material Type, 2022 to 2032
Figure 79: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 80: South Asia Market Attractiveness Analysis by End-Use Industries, 2022 to 2032
Figure 81: Oceania Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 82: Oceania Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 83: Oceania Market Value (USD Billion) by Country, 2022 & 2032
Figure 84: Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85: Oceania Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 86: Oceania Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 87: Oceania Market Value (USD Billion) by Application, 2022 & 2032
Figure 88: Oceania Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 89: Oceania Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 90: Oceania Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 91: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 92: Oceania Market Attractiveness Analysis by Material Type, 2022 to 2032
Figure 93: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 94: Oceania Market Attractiveness Analysis by End-Use Industries, 2022 to 2032
Figure 95: MEA Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 96: MEA Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 97: MEA Market Value (USD Billion) by Country, 2022 & 2032
Figure 98: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 99: MEA Market Value (USD Billion) by Material Type, 2022 & 2032
Figure 100: MEA Market Y-o-Y Growth Rate by Material Type, 2022 to 2032
Figure 101: MEA Market Value (USD Billion) by Application, 2022 & 2032
Figure 102: MEA Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 103: MEA Market Value (USD Billion) by End-Use Industries, 2022 & 2032
Figure 104: MEA Market Y-o-Y Growth Rate by End-Use Industries, 2022 to 2032
Figure 105: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 106: MEA Market Attractiveness Analysis by Material Type, 2022 to 2032
Figure 107: MEA Market Attractiveness Analysis by Application, 2022 to 2032
Figure 108: MEA Market Attractiveness Analysis by End-Use Industries, 2022 to 2032
- FAQs -
What is the global biodegradable packaging materials market scenario?
The global biodegradable packaging materials market is estimated to be worth over USD 88 Billion in 2022.
How far is the global demand expected to reach over the forecasted period?
The demand is anticipated to surpass USD 169 Billion by 2032 end.
What was the last 5-year CAGR for the demand in the biodegradable packaging materials market?
During 2017 to 2021, the biodegradable packaging market grew at a 3.3% CAGR.
Who are the prominent players in the global biodegradable packaging materials market?
Some of the prominent players in biodegradable packaging materials market are Amcor plc, Smurfit Kappa, Sealed Air, International Paper, Mondi Group PLC, WestRock Company etc.
Which is the most leading region in the biodegradable packaging materials market?
North America tops the global biodegradable packaging materials market accounting for 24.9% of global market share in 2022.
Which material type contributes maximum share in biodegradable packaging materials sales?
Paper and Paperboards biodegradable packaging materials under material type segment contribute around 62.3% share in global sales of biodegradable packaging materials.
Biodegradable Packaging Material Market