Biodegradable Paper And Plastic Packaging Market

Biodegradable packaging consists of substances that can be broken down by microorganisms such as bacteria, fungi, and algae. The most common types of biodegradable packaging include cardboard or paper, as well as bio-based plastics. Bioplastics may include cornstarch, mushrooms, seaweed, and other plant-based materials.

One of the main things driving the growth of the market for biodegradable paper and plastic packaging is the rise in the use of eco-friendly materials in manufacturing.

During the period between 2018 and 2031, the market for biodegradable packaging is expected to expand at a CAGR of over 10%. This growth can be attributed to a number of things, such as more people not knowing about the environmental and health benefits of using biodegradable products, more people wanting eco-friendly and sustainable packaging, a rise in demand from the food and beverage industry, and a greater focus on reducing CO2 emissions.

Rising environmental awareness and rising demand for biodegradable packaging drive market expansion. North America dominates the market due to its high disposable income and stringent environmental regulations. By 2031, China is anticipated to have the highest regional revenue, followed by Japan and India.

Dow SE (U.S.), BASF SE (Germany), Saint-Gobain SA (France), Kao Corporation (Japan), Ecoplast AG (Switzerland), and Tetra Pak Holding Limited are the leading companies in the biodegradable paper and plastic packaging market (India).