Biodegradable Packaging Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2026

The Biodegradable Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Biodegradable Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Biodegradable Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Biodegradable Packaging market.

The Biodegradable Packaging Market was valued at USD 93.59 billion in 2020 and is expected to reach a value of USD 126.85 billion by 2026 at a CAGR of 5.3% over the forecast period (2021-2026).

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Top Leading Companies of Biodegradable Packaging Market are - Tetra Pak International SA, Amcor PLC, Mondi Group, Imex Packaging, Elevate Packaging Inc., Kruger Inc., Biopak PTY LTD (Duni Group), Smurfit Kappa Group PLC, Berkley International Packaging Limited, Greenpack Limited, International Paper Company, Ranpak Holding Corporation and others.

Industry News and Updates:

- May 2020 - Tetra Pak joins the European alliance for a green recovery, launched by the European Parliament on 14 April 2020, with a view to building a better future post the COVID-19 pandemic. The alliance gathers stakeholders to support a green recovery plan that puts the fight against climate change, the protection of biodiversity, and resilient food supply chains at the center of Europe’s economic policy for the next seven years.

- Mar 2020 - Amcor collaborated with the Healthcare Plastics Recycling Council (HPRC) will help foster more sustainable practices and innovation across the healthcare industry and to improve recyclability of plastic products.

Key Market Trends:

Beverage Packaging is Expected to be One of the Most Significant Applications

- The market for biodegradable packaging in the Beverage sector is anticipated to witness growth with the never-ending demand for bottled water and non-alcoholic beverages. The demand for bottled-water is credited to consumers' propensity for specifically demanding high-quality drinking water, the fear of diseases as an aftermath of drinking polluted tap water, and the ease of portability and convenience provided by bottled water.
- An estimated number of 700,000 bottles are being littered every day in the United Kingdom alone, according to the Environmental Audit Committee. Such statistics indicate the serious need for biodegradable packaging solutions for beverages.

United States is Expected to Hold Major Market Share in North America

- In the United States, the rising awareness among consumers and favorable regulations from the government is expected to drive the demand for biodegradable packaging over the forecast period.
- According to the United States Environmental Protection Agency, the United States generates almost 80 million tons of packaging waste each year. About half of the packaging waste in the US comes from food and beverage products. And the agency mentions that large food corporations like Nestle and Unilever generate the majority of plastic waste.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Biodegradable Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Biodegradable Packaging Market (%),2016 - 2026
- Biodegradable Packaging Market Share, By Brand
- Biodegradable Packaging Market Share, By Company
- Biodegradable Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Biodegradable Packaging Market Value Analysis & Forecast
- Promising Biodegradable Packaging Development by Major Companies
- Detailed Biodegradable Packaging Portfolio of the Major Companies
- Major Deals in the Biodegradable Packaging Market
- Major Companies Analysis

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