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Global Compostable Packaging Market to Reach $137.26 Billion by 2029, Growing at 8.1% CAGR
Compostable Packaging Market
The rising food and beverage industry is expected to drive the compostable packaging market. As the industry grows due to factors such as population increases, changing consumer preferences, and product innovations, there is a growing demand for eco-friendly packaging solutions. Compostable packaging helps reduce plastic waste and aligns with consumer preferences and environmental regulations. For example, in September 2022, Statistics Sweden reported that food and beverage sales in the country reached $37.44 billion, with a 2.9% revenue increase from the previous year. This growth is fueling the need for compostable packaging.
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How will the growth rate of the compostable packaging market shape industry trends by 2034?
The compostable packaging market has experienced strong growth in recent years. It is expected to grow from $92.56 billion in 2024 to $100.44 billion in 2025, at a compound annual growth rate (CAGR) of 8.5%. The growth is driven by growing consumer awareness of environmental issues, regulatory pushes to reduce plastic waste, the rise of bio-based and renewable feedstocks, the trend toward eco-friendly products, and corporate sustainability initiatives.
The compostable packaging market is forecast to see strong growth, reaching $137.26 billion by 2029 with a CAGR of 8.1%. Growth drivers include stricter plastic use regulations, the rising demand for sustainable packaging, innovations in compostable materials, a growing food and beverage industry, and investments in circular economy solutions. Trends include expanding composting infrastructure, IoT and smart packaging integration, advances in compostable materials, and shifts to multi-layer compostable films.
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What trends are poised to drive the future success of the compostable packaging market?
Companies in the compostable packaging market are focusing on developing advanced flexible compostable packaging solutions to enhance sustainability. These biodegradable materials decompose naturally, reducing environmental impact while preserving product quality. In September 2024, Pakka, a Switzerland-based sustainable packaging company, launched a new range of flexible compostable packaging solutions designed for the FMCG industry. These products offer eco-friendly alternatives for transporting premium food items.
Which primary segments of the compostable packaging market are driving growth and industry transformations?
The compostable packaging market covered in this report is segmented -
1) By Material: Polylactic Acid (PLA), Wheat Straw Fiber, Talc-Filled Polylactic Acid (TPLA) And Crystallized Polylactic Acid (CPLA), Cellulose, Bamboo, Polyhydroxyalkanoate (PHA), Other Materials
2) By Application: Bags, Pouches, Trays, Tapes, Mailer Bags, Films, Clamshells
3) By End Use: Food And Beverages, Pharmaceuticals, Personal Care And Cosmetics, Other End Uses
Subsegments:
1) By Polylactic Acid (PLA): PLA-Based Films, PLA-Coated Papers, PLA Containers and Trays
2) By Wheat Straw Fiber: Wheat Straw Paper and Board, Wheat Straw-Based Molded Packaging
3) By Talc-Filled Polylactic Acid (TPLA) and Crystallized Polylactic Acid (CPLA): TPLA-Based Packaging, CPLA-Based Cutlery, Cups, and Containers
4) By Cellulose: Cellulose Films, Cellulose-Based Wraps and Containers, Cellulose Fiber Packaging
5) By Bamboo: Bamboo Fiber Packaging, Bamboo Trays, Plates, and Cutlery, Bamboo-Based Containers
6) By Polyhydroxyalkanoate (PHA): PHA-Based Films and Wraps, PHA Containers and Packaging
7) By Other Materials: Mushroom Packaging, Seaweed-Based Packaging, Palm Leaf Packaging, Cornstarch-Based Packaging
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Which geographical regions are pioneering growth in the compostable packaging market?
North America was the largest region in the compostable packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compostable packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the compostable packaging market landscape?
Major companies operating in the compostable packaging market are BASF SE, Mitsubishi Chemical Corporation, WestRock Company, International Paper Company, Amcor Plc, Smurfit Kappa, Stora Enso, DS Smith, Mondi Plc, Rengo Co. Ltd, Huhtamaki Oyj, Klabin SA, Clearwater Paper Corporation, Holmen Iggesund, Carvajal Empaques S.A., Vegware Ltd., NatureWorks LLC, Plantic Technologies Ltd., Novamont SpA, SmartSolve LLC, TIPA Corp., Biome Technologies Plc, Total Corbion PLA BV, Reyma Oficial, Ultra-Green Packaging Inc.
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What Is Covered In The Compostable Packaging Global Market Report?
•Market Size Forecast: Examine the compostable packaging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the compostable packaging market for a structured understanding.
•Key Players Overview: Analyze major players in the compostable packaging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the compostable packaging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the compostable packaging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the compostable packaging market.
•Industry Challenges: Identify potential risks and obstacles affecting the compostable packaging market.
•Competitive Landscape: Review strategic developments in the compostable packaging market, including expansions, agreements, and new product launches.
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