Biodegradable Packaging Market Overview:
Global Biodegradable Packaging Market size and share is currently valued at USD 501.72 Billion in 2024 and is anticipated to generate an estimated revenue of USD 800.48 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.00% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Biodegradable Packaging – Key Market Drivers
- Growing consumer awareness of environmental issues and demand for eco-friendly products.
- Increasing government regulations and bans on single-use plastics.
- Rising demand in the food & beverage industry for sustainable packaging solutions.
- Innovations in materials such as PLA, PHA, and starch-based polymers.
- Strong focus on reducing carbon footprints across industries.
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Biodegradable Packaging – Market Scope
The biodegradable packaging market encompasses eco-friendly packaging materials, including bioplastics, paper, and plant-based composites, designed to decompose naturally. It serves industries like food & beverages, healthcare, cosmetics, and e-commerce. The market is segmented by material type (polylactic acid, starch-based plastics, PHA, and others), application (bags, pouches, boxes, wraps), and end-use. Geographically, it spans North America, Europe, Asia-Pacific, and other regions. As sustainability initiatives intensify, the market scope expands with innovative solutions and growing adoption across sectors aiming to reduce environmental impact.
Key Companies in Biodegradable Packaging Market:
- Amcor plc
- Berry Global Group
- Georgia-Pacific LLC
- Huhtamaki Oyj
- Mondi Group
- Pactiv Evergreen Inc.
- Smurfit Kappa Group
- Stora Enso Oyj
- Swedbrand Groups
- Tetra Pak International S. A
- WestRock Company
- Winpak Ltd.
Biodegradable Packaging – Market Segmentation
The biodegradable packaging market is segmented by material into polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch-based plastics, and paper. By application, it includes food packaging, healthcare, cosmetics, and e-commerce. Geographically, the market spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Biodegradable Packaging Market, Material Outlook (Revenue – USD Billion, 2019-2032)
- Paper & Paperboard
- Bio-plastic
- Polylactic Acid (PLA)
- Cellulose-based
- Starch-based
- Polybutylene succinate
- Others
- Bagasse
Biodegradable Packaging Market, Packaging Format Outlook (Revenue – USD Billion, 2019-2032)
- Bottles & Jars
- Boxes & Cartons
- Cans
- Trays & Clamshells
- Cups & Bowls
- Pouches & Bags
- Films & Wraps
- Labels & Tapes
- Others
Biodegradable Packaging Market, End Use Outlook (Revenue – USD Billion, 2019-2032)
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Homecare
- Other Consumer Goods
Biodegradable Packaging Industry Developments:
- January 2024: Print & Pack launched sustainable packaging solutions tailored to small businesses and eco-conscious brands across North America. These solutions incorporate advanced technologies such as BDP for biodegradable packaging and GREENGUARD Gold Certified inks. Key offerings include INVISIBLEBAG, a compostable and water-soluble packaging innovation.
- February 2024: TIPA unveiled compostable packaging as a sustainable alternative to traditional plastics. Designed to biodegrade in both domestic and industrial composting environments, these packages leave no environmental footprint while ensuring maximum convenience for consumers.
- September 2023: Mondi, in collaboration with rice supplier Veetee, introduced recyclable paper-based packaging for dry rice. This innovative packaging provides moisture resistance and ensures stability on store shelves, meeting both sustainability and functionality requirements.
The growth of the biodegradable packaging market is driven by a rising consumer preference for sustainable packaging materials and an increasing demand for recyclable and biodegradable products. Consumers are increasingly seeking options that minimize environmental impact, encouraging companies to innovate in their packaging solutions.