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Biodegradable Packaging Market Forecast: $800.48 Billion by 2032 with Robust Growth

11-01-2024 07:55 AM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Biodegradable Packaging Market

Biodegradable Packaging Market

The biodegradable packaging market size was valued at USD 473.74 billion in 2023. The market is expected to flourish from USD 501.72 billion in 2024 to USD 800.48 billion by 2032, exhibiting a CAGR of 6.0% between 2024-2032.

Report Scope

The report mostly focuses on the biodegradable packaging market and its trends, market share, analysis by different regions, key players taking part in shaping the future, and various segmentations of the market in order to showcase a thorough and complete analysis of the market.

Market Definition

The market revolves around the production and supply of packaging material that can be decomposed by microorganisms, including bacteria, fungi, and algae and helps in transforming them into natural elements within one year or less. Biodegradable packaging propels the circular economy by using packaging waste as compost that will help to add nutrients to the soil and help boost food production and farming.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market/request-for-sample

Key Players in Market

One of the main characteristics of the biodegradable packaging market is the fact that it is highly fragmented. It shows the presence of well-established players, as well as various regional players in developing nations, such as India, who are working actively to gain market share. A few of the major players involved in the market are:

โ€ข Amcor plc
โ€ข Berry Global Group
โ€ข Georgia-Pacific LLC
โ€ข Huhtamaki Oyj
โ€ข Mondi Group
โ€ข Pactiv Evergreen Inc.
โ€ข Smurfit Kappa Group
โ€ข Stora Enso Oyj
โ€ข Swedbrand Groups
โ€ข Tetra Pak International S. A
โ€ข WestRock Company
โ€ข Winpak Ltd.

Opportunities and Growth Promoters

โ€ข The major reason for the growth of the biodegradable packaging market is the fact that people are getting more and more aware of plastic waste and the environmental effects it possesses.
โ€ข As the global population spreads and the generation of waste ultimately increases, hence the need for sustainable waste management solutions increases which further boosts the market.
โ€ข Governments are putting up bigger emphasis on environmentally sustainable practices and placing various regulations and policies that are helping and encouraging people regarding the use of compostable packaging materials.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/281/2

Regional Analysis

Asia Pacific completely dominated the market for biodegradable packaging in 2023. This was possible due to factors such as quick urbanization, increasing awareness regarding environmental issues, and sky-high demand for sustainable packaging solutions. Additionally, supportive policies and regulations regarding the dream of a sustainable future have raised awareness among people regarding the use of biodegradable or recyclable packaging materials. This excellent performance of the region is also thanks to the presence of major manufacturers and innovations in biodegradable packaging material.

Biodegradable Packaging Market Report Highlights

โ€ข By material, the paper & paperboard segment held the largest share of the global biodegradable packaging market in 2023 owing to biodegradability and extensive use in the food & beverages industry.
โ€ข In terms of end use, the food & beverages segment dominated the market in 2023 owing to growing cases of contamination of microplastics in the food chain.
โ€ข Asia Pacific held the largest market share in 2023 owing to favorable government policies and laws to reduce plastic waste.
โ€ข The North American biodegradable packaging market is projected to experience the highest CAGR from 2024 to 2032 due to increasing consumer awareness of environmental issues and a growing demand for sustainable packaging solutions.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž:
https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Brewer's Yeast Market
https://elektrotransports.lv/lokali/brewers-yeast-market-revenue-growth-demand-analysis-service-types-future-prospects-and-contributions-to-2032/357463/

Grass Fed Protein Market
https://elektrotransports.lv/latvija/grass-fed-protein-market-overview-technology-supplies-production-capacity-profit-margins-pricing-and-competitive-landscape-2024/357464/

Gluten-free Baking Mixes Market
https://elektrotransports.lv/lokali/gluten-free-baking-mixes-market-size-share-trend-analysis-growth-factors-and-key-vendor-insights-by-2032/357465/

Asia Pacific Energy Drinks Market
https://elektrotransports.lv/lokali/asia-pacific-energy-drinks-market-potential-growth-share-demand-emerging-trends-and-key-player-analysis-2024-2032/357466/

Contact:

Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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Global Biodegradable Packaging Market โ€“ Industry Analysis and Forecast (2018-2026) โ€“ by Material Type, Application, and Region. Global Biodegradable Packaging Market was valued at US$ 6.67 Bn in 2017 and is expected to reach US$ 18.27 Bn by 2026, at a CAGR of 13.42% during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market dataโ€ฆ
06-19-2018 | Energy & Environment
Biobased Biodegradable Plastics Market Report 2018
Biobased Biodegradable Plastics Market Report 2018: Segmentation by Product (Pol โ€ฆ
Global Biobased Biodegradable Plastics market research report provides company profile for Natureworks, Metabolix, Corbion, Biome Technologies, BASF, DOW, Novamont and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentationโ€ฆ