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From its 2022 valuation of $2.9 billion, the global market for biodegradable plastic packaging is expected to increase at a CAGR of 21.3% from $5.1 billion in 2023 to $14.10 billion by 2030.
Biodegradable plastic packaging is a sort of environmentally friendly packaging that decomposes into harmless compounds in nature, usually within a year or two. Its goal is to break down plastic packaging trash into harmless substances that can be recycled back into nature without causing any harm. Polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based plastics are all examples of biodegradable polymers derived from plants; however, biodegradable polymers can also be derived from modified petroleum-based polymers. Food packaging, bags, containers, and other consumer goods are only some of the many places it finds use. Advantages include less waste, less reliance on fossil fuels, and a lesser carbon footprint compared to conventional plastic packaging. Not all biodegradable polymers are the same, and some may need special treatment before they may biodegrade completely. The environmental impact of biodegradable plastic packaging can still be reduced with proper disposal methods like composting or recycling. In the year 2020, there was a significant need for environmentally friendly food packaging. The global increase in demand for packaged goods during the coronavirus pandemic is the primary driver of the demand increase. Food manufacturing and related companies, however, were running throughout the lockdown because they were considered critical. Many different approaches have been taken by different companies to deal with the problem. Countries are turning to alternatives like biodegradable packaging to deal with the growing problem of trash from disposable containers.
Despite having only 4% of the world's population, the United States produces 12% of all MSW. Another calculation finds that annual per capita American plastic trash amounts to about 106.2 kilograms. The legislation known as the US Plastic Waste Reduction and Recycling Act has as its stated goals the reduction of plastic waste, the promotion of recycling infrastructure development, and the maintenance of US preeminence in the establishment of worldwide and national standards. Future regulations governing plastic manufacture could be more stringent for US-based packaging firms as a result of the act's ongoing research into micro plastics. In terms of greenhouse gas balances and other environmental implications over the course of their whole life cycles, bio-based products may be preferable due to their use of renewable resources rather than finite ones. Sustainable development and lessening the environmental damage caused by the disposal of polymers made from oil are the goals of using biodegradable materials.
Breakdown by Components
Market share was highest for polylactic acid (PLA) in the worldwide survey. Biodegradable polylactic acid (PLA) is a thermoplastic that can be broken down by microorganisms in the environment. Disposable cutlery, plates, and cups are just some of the many consumer goods that benefit from its widespread use in food and beverage packaging. Due to its clear appearance, high strength, and high barrier qualities, PLA has become a preferred material for biodegradable plastic packaging. Polyhydroxyalkanoates (PHA) are the most rapidly expanding subset of this market. Biopolymers called polyhydroxyalkanoates (PHA) are created by specific bacteria. It's a renewable resource that may be used for many things, including packaging, and it decomposes quickly. PHA is a useful material for food packaging since it has a high melting point and resists water and grease.
Plastics made from starch are gaining in popularity as well. Starch-based polymers are renewable materials including maize starch, wheat starch, and potato starch, making them biodegradable. Food packaging, garbage bags, and single-use silverware are just some of the many places you'll find them. Starch-based plastics may have less of an impact on the environment than other types of plastic, but they may not be as strong or long-lasting.
Consumer Perspectives
The food and beverage sector was the most important in the international economy. Products like fresh vegetables, baked goods, and beverages benefit greatly from being packaged in biodegradable plastic. Biodegradable packaging is an eco-friendly alternative to conventional packaging that can keep products fresh for longer. Commonly utilized packaging materials in this sector include PLA and starch-based polymers. The cosmetics and personal care sector is the fastest expanding sector in this market. The cosmetics and personal care business also makes extensive use of biodegradable plastic packaging. As more people grow concerned about their impact on the environment, biodegradable packaging is a great option for products like shampoo, conditioner, and body wash. Commonly utilized packaging materials in this sector include polylactic acid (PLA) and cellulose-based polymers.
Trends That Will Shape the Future of the Market
Demand from several end-use industries, including the food and beverage, pharmaceutical, personal care, and domestic product sectors, is driving the biodegradable plastic packaging market. To lessen their impact on the environment and accommodate growing customer interest in eco-friendly goods, these sectors are exploring sustainable packaging options.
Technological progress has allowed the development of biodegradable plastics with enhanced durability, cost-effectiveness, and performance attributes. This is fueling the expansion of the market for biodegradable plastic packaging by increasing the variety of uses for the material.
Research and development spending is high among biodegradable plastic packaging manufacturers because of the importance of developing new products to satisfy both consumer demand and industry standards. The market's expansion can be attributed in part to this factor.
Report Coverage
Global Biodegradable Plastic Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biodegradable Plastic Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biodegradable Plastic Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biodegradable Plastic Packaging market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biodegradable Plastic Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biodegradable Plastic Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Amcor plc, Arkema S.A., BASF SE, Bio-On S.p.A., Biome Bioplastics Limited, Braskem S.A., Corbion N.V., Danimer Scientific, Inc., Dow Chemical Company, DSM N.V., Eastman Chemical Company, Ecolab Inc., Evonik Industries AG, Fkur Kunststoff GmbH, FKuR Plastics Corporation, Mondi plc, NatureWorks LLC, Novamont S.p.A., Plantic Technologies Limited, Total Corbion PLA
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biodegradable Plastic Packaging market based on the below-mentioned segments:
Global Biodegradable Plastic Packaging Market, By Material Type
Polylactic acid (PLA)
polyhydroxyalkanoates (PHA)
starch-based plastics
other materials
Global Biodegradable Plastic Packaging Market, By End User
Food and beverage
healthcare
personal care and cosmetics
others
Global Biodegradable Plastic Packaging market, Regional Analysis
Biodegradable plastic packaging is a sort of environmentally friendly packaging that decomposes into harmless compounds in nature, usually within a year or two. Its goal is to break down plastic packaging trash into harmless substances that can be recycled back into nature without causing any harm. Polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based plastics are all examples of biodegradable polymers derived from plants; however, biodegradable polymers can also be derived from modified petroleum-based polymers. Food packaging, bags, containers, and other consumer goods are only some of the many places it finds use. Advantages include less waste, less reliance on fossil fuels, and a lesser carbon footprint compared to conventional plastic packaging. Not all biodegradable polymers are the same, and some may need special treatment before they may biodegrade completely. The environmental impact of biodegradable plastic packaging can still be reduced with proper disposal methods like composting or recycling. In the year 2020, there was a significant need for environmentally friendly food packaging. The global increase in demand for packaged goods during the coronavirus pandemic is the primary driver of the demand increase. Food manufacturing and related companies, however, were running throughout the lockdown because they were considered critical. Many different approaches have been taken by different companies to deal with the problem. Countries are turning to alternatives like biodegradable packaging to deal with the growing problem of trash from disposable containers.
Despite having only 4% of the world's population, the United States produces 12% of all MSW. Another calculation finds that annual per capita American plastic trash amounts to about 106.2 kilograms. The legislation known as the US Plastic Waste Reduction and Recycling Act has as its stated goals the reduction of plastic waste, the promotion of recycling infrastructure development, and the maintenance of US preeminence in the establishment of worldwide and national standards. Future regulations governing plastic manufacture could be more stringent for US-based packaging firms as a result of the act's ongoing research into micro plastics. In terms of greenhouse gas balances and other environmental implications over the course of their whole life cycles, bio-based products may be preferable due to their use of renewable resources rather than finite ones. Sustainable development and lessening the environmental damage caused by the disposal of polymers made from oil are the goals of using biodegradable materials.
Breakdown by Components
Market share was highest for polylactic acid (PLA) in the worldwide survey. Biodegradable polylactic acid (PLA) is a thermoplastic that can be broken down by microorganisms in the environment. Disposable cutlery, plates, and cups are just some of the many consumer goods that benefit from its widespread use in food and beverage packaging. Due to its clear appearance, high strength, and high barrier qualities, PLA has become a preferred material for biodegradable plastic packaging. Polyhydroxyalkanoates (PHA) are the most rapidly expanding subset of this market. Biopolymers called polyhydroxyalkanoates (PHA) are created by specific bacteria. It's a renewable resource that may be used for many things, including packaging, and it decomposes quickly. PHA is a useful material for food packaging since it has a high melting point and resists water and grease.
Plastics made from starch are gaining in popularity as well. Starch-based polymers are renewable materials including maize starch, wheat starch, and potato starch, making them biodegradable. Food packaging, garbage bags, and single-use silverware are just some of the many places you'll find them. Starch-based plastics may have less of an impact on the environment than other types of plastic, but they may not be as strong or long-lasting.
Consumer Perspectives
The food and beverage sector was the most important in the international economy. Products like fresh vegetables, baked goods, and beverages benefit greatly from being packaged in biodegradable plastic. Biodegradable packaging is an eco-friendly alternative to conventional packaging that can keep products fresh for longer. Commonly utilized packaging materials in this sector include PLA and starch-based polymers. The cosmetics and personal care sector is the fastest expanding sector in this market. The cosmetics and personal care business also makes extensive use of biodegradable plastic packaging. As more people grow concerned about their impact on the environment, biodegradable packaging is a great option for products like shampoo, conditioner, and body wash. Commonly utilized packaging materials in this sector include polylactic acid (PLA) and cellulose-based polymers.
Trends That Will Shape the Future of the Market
Demand from several end-use industries, including the food and beverage, pharmaceutical, personal care, and domestic product sectors, is driving the biodegradable plastic packaging market. To lessen their impact on the environment and accommodate growing customer interest in eco-friendly goods, these sectors are exploring sustainable packaging options.
Technological progress has allowed the development of biodegradable plastics with enhanced durability, cost-effectiveness, and performance attributes. This is fueling the expansion of the market for biodegradable plastic packaging by increasing the variety of uses for the material.
Research and development spending is high among biodegradable plastic packaging manufacturers because of the importance of developing new products to satisfy both consumer demand and industry standards. The market's expansion can be attributed in part to this factor.
Report Coverage
Global Biodegradable Plastic Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biodegradable Plastic Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biodegradable Plastic Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biodegradable Plastic Packaging market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Amcor plc, Arkema S.A., BASF SE, Bio-On S.p.A., Biome Bioplastics Limited, Braskem S.A., Corbion N.V., Danimer Scientific, Inc., Dow Chemical Company, DSM N.V., Eastman Chemical Company, Ecolab Inc., Evonik Industries AG, Fkur Kunststoff GmbH, FKuR Plastics Corporation, Mondi plc, NatureWorks LLC, Novamont S.p.A., Plantic Technologies Limited, Total Corbion PLA |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Biodegradable Plastic Packaging Market from 2021 to 2030.
- Market Forecast for Biodegradable Plastic Packaging Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Biodegradable Plastic Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Biodegradable Plastic Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biodegradable Plastic Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biodegradable Plastic Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Amcor plc, Arkema S.A., BASF SE, Bio-On S.p.A., Biome Bioplastics Limited, Braskem S.A., Corbion N.V., Danimer Scientific, Inc., Dow Chemical Company, DSM N.V., Eastman Chemical Company, Ecolab Inc., Evonik Industries AG, Fkur Kunststoff GmbH, FKuR Plastics Corporation, Mondi plc, NatureWorks LLC, Novamont S.p.A., Plantic Technologies Limited, Total Corbion PLA
Primary Target Market
- Market Players of Biodegradable Plastic Packaging
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biodegradable Plastic Packaging market based on the below-mentioned segments:
Global Biodegradable Plastic Packaging Market, By Material Type
Polylactic acid (PLA)
polyhydroxyalkanoates (PHA)
starch-based plastics
other materials
Global Biodegradable Plastic Packaging Market, By End User
Food and beverage
healthcare
personal care and cosmetics
others
Global Biodegradable Plastic Packaging market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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