Global Biodegradable Plastic Packaging Market to Reap USD 23,406.1 Million By 2030 | Infinium Global Research

A new market research report published by Infinium Global Research indicates that the Global Biodegradable Plastic Packaging Market is set for substantial growth. The global biodegradable plastic packaging market was valued at USD 5,699.3 Million in 2022 and is expected to reach USD 23,406.1 Million by 2030 and grow at a CAGR of 19.74% over the forecast period.

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Sustainability in Food Packaging Drives Growth

One of the primary drivers of this robust market growth is the increasing need for sustainability in food packaging. The excessive use of non-biodegradable materials in food packaging poses a severe threat to the environment, contributing to pollution and the depletion of natural resources. This environmental challenge has propelled the adoption of biodegradable plastic packaging as a more sustainable alternative.

Regulations Foster Environmental Protection

Furthermore, the implementation of environmental protection rules and regulations by governments around the world has significantly boosted the growth of the biodegradable plastic packaging market. Environmental concerns stemming from mounting waste accumulation and plastic pollution have led to stricter regulations promoting more sustainable packaging solutions. This has resulted in an increased demand for biodegradable plastics.

Economic Incentives Fuel Industry Growth

Governments worldwide have taken active steps to financially support private biodegradable plastic packaging businesses. Incentives such as tax abatements, grants, and tax revenue sharing encourage companies to invest in the production of innovative and sustainable packaging products. By facilitating these incentives, governments achieve environmental and economic goals while motivating emerging players in the biodegradable plastic packaging market.

Challenges Related to Cost and Competition

While biodegradable plastic packaging offers sustainable benefits, the high costs associated with raw materials and production methods remain a challenge. This increases the overall product cost, making biodegradable plastics more expensive compared to traditional materials. However, with growing demand and improved production processes, prices are expected to become more competitive. On top of this, the rising consumer demand for eco-friendly products is pushing companies and global corporations to adopt biodegradable packaging alternatives.

Market Leaders in Biodegradable Plastic Packaging

The global biodegradable plastic packaging market is led by key players such as Tetra Pak International SA, Plastic Suppliers Inc., Kruger Inc., Amcor PLC, Mondi PLC, International Paper Company, Smurfit Kappa Group, BASF SE, Stora Enso, and RockTenn. These companies are at the forefront of innovative biodegradable packaging solutions and are well-positioned to meet the rising consumer demand for sustainable packaging.

Emerging Opportunities

As consumer trends evolve toward more sustainable choices and brands increasingly switch to eco-friendly packaging, the biodegradable plastic packaging sector is poised for significant growth. A shift in consumer habits and a stronger focus on environmental awareness are creating opportunities for innovative players in the biodegradable plastic packaging market to develop feasible, affordable, and scalable packaging alternatives.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Biodegradable Plastic Packaging Market Highlights

2.2. Biodegradable Plastic Packaging Market Projection

2.3. Biodegradable Plastic Packaging Market Regional Highlights

Chapter 3. Global Biodegradable Plastic Packaging Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Product Type

3.4.2. IGR-Growth Matrix Analysis by Application

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Biodegradable Plastic Packaging Market

Chapter 4. Biodegradable Plastic Packaging Market Macro Indicator Analysis

Chapter 5. Global Biodegradable Plastic Packaging Market by Product Type

5.1. Starch Based Plastic

5.2. Cellulose Based Plastics

5.3. Polylactic Acid (PLA)

5.4. Polyhydroxyalkanoates (PHA)

5.5. Others

Chapter 6. Global Biodegradable Plastic Packaging Market by Application

6.1. Food

6.2. Beverage

6.3. Pharmaceutical

6.4. Personal/Homecare

6.5. Others

Chapter 7. Global Biodegradable Plastic Packaging Market by Region 2023-2030

7.1. North America

7.1.1. North America Biodegradable Plastic Packaging Market by Product Type

7.1.2. North America Biodegradable Plastic Packaging Market by Application

7.1.3. North America Biodegradable Plastic Packaging Market by Country

7.2. Europe

7.2.1. Europe Biodegradable Plastic Packaging Market by Product Type

7.2.2. Europe Biodegradable Plastic Packaging Market by Application

7.2.3. Europe Biodegradable Plastic Packaging Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Biodegradable Plastic Packaging Market by Product Type

7.3.2. Asia-Pacific Biodegradable Plastic Packaging Market by Application

7.3.3. Asia-Pacific Biodegradable Plastic Packaging Market by Country

7.4. RoW

7.4.1. RoW Biodegradable Plastic Packaging Market by Product Type

7.4.2. RoW Biodegradable Plastic Packaging Market by Application

7.4.3. RoW Biodegradable Plastic Packaging Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Biodegradable Plastic Packaging Market

8.2. Companies Profiles

8.2.1. Tetra Pak International SA

8.2.2. Plastic Suppliers Inc.

8.2.3. Kruger Inc.

8.2.4. Amcor PLC

8.2.5. Mondi PLC

8.2.6. International Paper Company

8.2.7. Smurfit Kappa Group

8.2.8. BASF SE

8.2.9. Stora Enso

8.2.10. RockTenn

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Biodegradable Plastic Packaging.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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