Biodegradable Packaging Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

The global biodegradable packaging market is projected to grow at a CAGR of around 5% during the forecast period. The market is segmented on the basis of materials and applications. Based on the materials segment, the market is bifurcated into paper and plastic. The paper segment includes corrugated boxes, boxboard & paperboard cartons, and flexible paper. While the plastic segment is segmented into starch-based plastics, cellulose-based plastics, polylactic acid (PLA), poly-3-hydroxybutyrate (PHB), polyhydroxyalkanoates (PHA), and other plastics.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/biodegradable-packaging-market

The rapid R&D activities in order to produce biodegradable packaging materials are creating lucrative opportunities for market growth over the forecast period. The most used material is polylactic acid (PLA) which is currently used for the production of different packaging shapes including cups, bowls, foils, and food storage containers. Foamed PLA is used as an insulator and is an alternative to foamed polystyrene (PS). PLA has good mechanical properties, similar to polyethylene terephthalate (PET), and polypropylene (PP). Additionally, an important component is a plasticizer, which enhances flexibility and extensibility. In general, these coatings exhibit higher water permeability, lower oxygen permeability, and inferior mechanical properties compared with traditional packaging. This drives the global biodegradable packaging industry.

Additionally, the integration of biodegradable PLA and PLA coated with a barrier of pure silicon oxide and in combination with a modified atmosphere extends the overall shelf life of the food product. Modified atmosphere packaging includes packaging which is made with carbon dioxide and nitrogen amalgamation to preserve the food for a long period. Modified atmosphere packaging amalgamated with the biodegradable packaging is likely to witness substantial growth in the overall market over the forecast period, which in turn, drives the global biodegradable packaging market.

Further, Mondi Group, Amcor Plc, Smurfit Kappa Group, International Paper Co., Berry Global Inc., Huhtamaki Group, TetraPak International S.A., and others are some of the key players contributing to the growth of the biodegradable packaging market. New product launches & developments, partnerships, agreements, and acquisitions are some of the key strategies adopted by the players in order to cope in the competitive market.

Global Biodegradable Packaging Market - Segmentation

By Material

Paper
Plastic

By Application

Food & Beverage Packaging
Consumer Goods & Electronics Packaging
Pharmaceutical Packaging
Other Applications

A full report of Global Biodegradable Packaging Market is available at: https://www.omrglobal.com/industry-reports/biodegradable-packaging-market

Global Biodegradable Packaging Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Amcor Plc
BASF SE
Bemis Co. Inc.
Berry Global Inc.
Biopac India Corp. Ltd.
Biopak Pty Ltd.
Clearwater Paper Corp.
Elevate Packaging Inc.
Georgia-Pacific LLC
Greenpack Ltd.
Huhtamaki Group
Imex Packaging
International Paper Co.
Kruger Inc.
Mondi Group

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.