Quick Summary:
In today's environmentally conscious world, it's important to stay ahead of evolving sustainability trends and developments. The Biodegradable Packaging industry is one such market witnessing significant expansion, with the global market projected to reach a staggering US$124.6 Billion by 2030. This comprehensive report offers substantial insights into market trends, forecasts, and competitive landscape, making it a must-have for business leaders and strategists navigating the biodegradable packaging space.
This report not only provides robust statistic and analysis at the global and country level, but also includes valuable information about key competitors and market shares. It offers incomparable access to impactful factors such as post-pandemic recovery and geographic growth trends, equipping you with essential knowledge to strategically position yourself ahead of competitors. Moreover, the report comes with a wealth of additional resources including special coverage on various global factors, online collaborative updates, and complimentary updates for a year.
Global Biodegradable Packaging Market to Reach $124.6 Billion by 2030
The global market for Biodegradable Packaging estimated at US$84.3 Billion in the year 2022, is projected to reach a revised size of US$124.6 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Paper, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$87.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Plastic segment is readjusted to a revised 6.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $24.7 Billion, While China is Forecast to Grow at 4.7% CAGR
The Biodegradable Packaging market in the U.S. is estimated at US$24.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$22 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.Select Competitors (Total 44 Featured) -
- BASF SE
- Biopac (UK) Ltd.
- Clearwater Paper Corporation
- Georgia-Pacific LLC
- International Paper Co.
- Kruger Inc.
- Mondi Ltd.
- NatureWorks LLC
- Novamont SpA
- Smurfit Kappa Group PLC
- Stora Enso Oyj
- WestRock Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Biodegradable Packaging?
What is the growth rate of the Global Market for Biodegradable Packaging?
What is the forecasted size of the Global Market for Biodegradable Packaging?
Who are the key companies in the Global Market for Biodegradable Packaging?
| Report Attribute | Details |
|---|---|
| No. of Pages | 274 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 84.3 Billion |
| Forecasted Market Value ( USD | $ 124.6 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Biopac (UK) Ltd.
- Clearwater Paper Corporation
- Georgia-Pacific LLC
- International Paper Co.
- Kruger Inc.
- Mondi Ltd.
- NatureWorks LLC
- Novamont SpA
- Smurfit Kappa Group PLC
- Stora Enso Oyj
- WestRock Company
