Biodegradable Paper and Plastic Packaging Market By Type (Starch Based plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA) By Material (Plastic, Paper) By End User (Food and Beverage, Catering Service wares, Personal and Home Care, Healthcare, Others) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

The global biodegradable paper and plastic packaging market report explore the critical analysis of the potassium derivatives industry using key parameters. The report consists of investment strategies, the need for investments in the biodegradable paper and plastic packaging industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the biodegradable paper and plastic packaging industry and how economic and non-economic barriers are helping the biodegradable paper and plastic packaging market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Biodegradable Paper and Plastic Packaging market?

• In 2021, due to a huge rise in consumer demand, the food and beverage industry held the title of the largest consumer market for biodegradable paper and plastic packaging.
• In 2021, due to their better qualities, such as improved impact resistance and tensile strength, primary biodegradable materials, such as PLA and PHA, are anticipated to dominate the biodegradable paper and plastics packaging market over the projection.

Which region dominated the biodegradable paper and plastic packaging market?

In terms of revenue and market share throughout the anticipated period, Asia-Pacific will dominate the biodegradable paper and plastic packaging market. This results from the region's rising need for packaging made of biodegradable paper and plastic. The Asia-Pacific region dominates the biodegradable paper and plastic packaging market due to rising consumer awareness of the plastics segment and expanding business opportunities in the food and beverage sector. China is the market leader in the Asia-Pacific region because of the ease of huge consumption brought on by an expansion in urbanization and population in various sectors that employ biodegradable paper & plastic packaging.

How is US Market performing in the biodegradable paper and plastic packaging market?

Due to the increasing need for biodegradable plastic in the area, the US is expected to experience the fastest growth rate. During the anticipated period, the US biodegradable plastic packaging market will also be driven by the rising number of major players in the area, including International Paper Company (US), Plastic Suppliers Inc. (US), Smurfit Kappa Group PLC (US), and Bemis Company Inc. (US). The availability of professionals in the sector and the increase in research efforts are two major market drivers.

What are the competitive environment of the biodegradable paper and plastic packaging market?

The biodegradable paper and plastic packaging market's competitive environment provides information on the entire economic profit made by suppliers and businesses, the potassium derivatives market share globally, the business organization summary, the sales and revenues created in this sector, the introduction of new products, and the opportunities for the industrial biodegradable paper and plastic packaging market. Key industry players are projected to innovate in the manufacturing process and increase R&D, opening up enormous prospects and strengthening market position. Over the next seven years, the market for biodegradable paper and plastic packaging is anticipated to develop due to creative advertising and marketing tactics.

Executive Summary

What is the market scenario of Biodegradable Paper and Plastic Packaging Market?

Packaging facilitates shipping, carrying, and is frequently used in advertising. Because plastic packaging is lighter than glass or metal, it is a practical and efficient option for conveying goods. The manufacturing of traditional plastic packaging indicates that society's need still needs to be supplied despite the rising interest in eco-friendly items. To counteract climate change and the coming scarcity of fossil fuels, packaging ideas that are quick and effective are in high demand. Bioplastics are gaining traction in the packaging sector thanks to converters' and brand owners' requests. Using biodegradable packaging can protect products from the risks associated with natural deterioration. Bioplastics conserve resources while ensuring food safety, withstanding extreme heat, and maintaining their shape over time. Packaging made of biodegradable plastic gives the same benefits as traditional plastic while being more environmentally friendly. The basic materials for biodegradable plastic bags are entirely plant-based, enabling a natural breakdown process in which bacteria and fungi in the environment metabolize the polymers. Additionally, this facilitates the decomposition of a biodegradable plastic framework. A viable alternative to plastic packaging is biodegradable packaging manufactured from natural materials, including starch, cellulose, protein, and vegetable oil.

Which are the key investments by the biodegradable paper and plastic packaging market players?

Leading players operating in the biodegradable paper and plastic packaging market are focusing on expansion in production capacities for biodegradable paper and plastic packaging. Additionally, players are concentrating on strategic mergers, acquisitions, and collaborations to gain a competitive edge. For instance, The Normandy region's DA Alizay industrial facility was transformed into a focus for circular economy growth by VPK Group in October 2021. VPK Group says it will work with Valmet Oyj to rebuild the paper machine. To increase the sustainability of its pulp production at the Frantschach mill in Austria, Mondi invested €20 million in November 2021. The addition of this new plant equipment wll increase the productivity and sustainability of Mondi's pulp output. This will help to increase the consumer base.

Some major players in the biodegradable paper and plastic packaging market are Riverside Paper Co. Inc. (US), Amcor PLC (Switzerland), SmartSolve Industries (US), Özsoy Plastik (Turkey), Bemis manufacturing company (US), Ultra Green Sustainable Packaging (US), Hoşgör Plastik (Turkey), Eurocell S.r.l (UK), Smurfit Kappa (US), Klabin SA (Brazil), DS Smith (UK), Rengo Co. Ltd (Japan), WestRock Company (US), Tetra Pak International SA (Switzerland), (US), Kruger Inc. (Canada), Mondi (UK), International Paper Company (US),Stora Enso (Sweden), Rocktenn (US), BASF SE (Germany), Clearwater Paper Corporation (US).

What are the Major Driving Factors for the Biodegradable Paper and Plastic Packaging Market?

Over the projected term, market growth is envisaged. Growing consumer interest in eco-friendly products is anticipated to be a major market driver. Over the forecast period, the market expansion is anticipated to be prompted by a shift in consumer choice away from synthetic items and toward cleaner and more environmentally friendly alternatives. Another factor anticipated to increase demand for biodegradable paper, and plastic packaging is the adequate supply of raw materials. Over the forecast period, it is anticipated that rising consumer awareness of biodegradable paper and plastic packaging products, particularly in emerging nations like China, India, Malaysia, and Thailand, will drive market expansion. It is anticipated that the market will be stimulated by rising demand for biodegradable materials from traditional end-user industries, including the textile and consumer product packaging sectors.

What are the Major Risks for the Biodegradable Paper and Plastic Packaging Market?

However, the two main issues anticipated to slow the market's growth pace are cost-effectiveness and a need for adequate technology. Change in consumer mindset, linked to more expensive costs than traditional items, is anticipated to be a significant problem for the end user industry. It is projected that other issues, such as shorter life and the inability to recycle some components that are not entirely biodegradable, may somewhat restrain the market growth. The market's growth pace may also be hindered by cross-contamination in recycling facilities and biodegradable materials' decreased strength and load-carrying capacity.

Which are the key end user in the biodegradable paper and plastic packaging market?

Based on application, the biodegradable plastic packaging market is divided into food and beverage, pharmaceutical, personal/homecare, and other segments. In terms of revenue, the food and beverage category continues to maintain the majority position. Biodegradable polymers are used more frequently in food and beverages due to growing environmental awareness. Everything is packaged in biodegradable plastic, from bottles and cups to chip bags and coffee pods. Food and beverage packaging use plant-based plastics and other biodegradable polymers because they are more environmentally friendly than conventional plastic.

How are the biodegradable paper and plastic packaging markets performing in regions?

The greatest market for biodegradable plastic is in Asia-Pacific, followed by Europe, because of these regions' booming food, beverage, and healthcare sectors. China is the market leader for biodegradable plastic in the Asia-Pacific since it has many manufacturers and the product is widely available at low pricing. Due to urbanization, India and China are leading the Asia-Pacific area in terms of demand for biodegradable plastic packaging. The market for biodegradable plastic packaging has several prospects in the area due to its large population. The market for biodegradable plastic packaging is driven by the need for appropriate packaging in every e-commerce transaction to move items from the supplier to the recipient. The need for biodegradable plastic has also increased due to fluctuating oil costs and shifting policies in Asia and Europe over petroleum-based plastics. However, North America is anticipated to increase the fastest due to the region's increasing need for biodegradable plastic. The market for North America's biodegradable plastic packaging will be driven by the region's growing key players, including Plastic Suppliers Inc. (US), International Paper Company (US), WestRock Company (US), Smurfit Kappa Group PLC (US), WestRock Company (US), and Bemis Company Inc. (US).

What is the regulatory landscape for the biodegradable paper and plastic packaging market?

Biodegradable polymers are being used by more businesses to address economic and environmental problems. Government laws force businesses to lower their carbon footprint, driving demand for biodegradable polymers in the packaging sector.

What is the Market Size of Biodegradable Paper and Plastic Packaging regarding value?

The global biodegradable paper and plastic packaging market are anticipated to grow at a substantial CAGR of 13.5% in the upcoming years. The global biodegradable paper and plastic packaging industry was estimated to be worth USD 10.1 billion in 2021 and was expected to be worth USD 21.6 billion by 2028.

What are the major players planning for the future of the biodegradable paper and plastic packaging market?

It is anticipated that social media platforms will be extensively employed to grow consumer bases and market shares. Businesses are encouraged to use biodegradable packaging in their marketing plans to demonstrate how environmentally conscious they are. Key companies are expected to focus heavily on marketing products with adaptable features such as low weight, simple handling, weather protection, and a wide range of design alternatives throughout the projection period.

Segmentation of Global Biodegradable Paper and Plastic Packaging Market-

Global Biodegradable Paper and Plastic Packaging Market – By Type

• Starch Based plastic
• Cellulose Based Plastics
• Polylactic Acid (PLA)
• Polyhydroxyalkanoates (PHA)
•  

Global Biodegradable Paper and Plastic Packaging Market – By Material

• Plastic
• Paper
•  

Global Biodegradable Paper and Plastic Packaging Market – By End User

• Food and Beverage
• Catering Service wares
• Personal and Home Care
• Healthcare
• Others
•  

Global Biodegradable Paper and Plastic Packaging Market – By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa