NEWARK, Del., Feb. 4, 2024 /7Newswire — The Global Biodegradable Paper and Plastic Packaging Market is anticipated to reach a valuation of US$ 14.0 billion in 2024, driven by urbanization and changing lifestyles. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 10.1% between 2024 and 2034, and reaching a total valuation of approximately US$ 36.8 billion by 2034.
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Educational initiatives and awareness campaigns conducted by governments, non profit organizations, and industry associations play a crucial role in promoting the benefits of biodegradable packaging and encouraging consumer adoption. The initiatives raise awareness about the environmental impacts of conventional packaging and highlight the advantages of biodegradable alternatives.
Collaboration between stakeholders across different industries, including packaging, agriculture, biotechnology, and waste management, fosters innovation and drives the development of new biodegradable packaging materials, processes, and recycling infrastructure. Cross industry collaboration can accelerate the adoption of biodegradable packaging solutions and address challenges related to scalability, performance, and end of life management.
Many companies are integrating environmental sustainability into their corporate social responsibility initiatives as part of their commitment to ethical business practices. Adopting biodegradable packaging not only aligns with CSR goals but also demonstrates the dedication of a company to reducing its environmental footprint and contributing to positive social change.
Bio based plastics, derived from renewable biomass sources such as corn starch, sugarcane, and cellulose, offer a sustainable alternative to conventional petroleum based plastics. The development of bio based plastics for packaging applications enhances the biodegradable packaging product offerings of the market and reduces reliance on fossil fuels.
Biodegradable Paper and Plastic Packaging Industry Report Coverage:
Estimated Market Size in 2024
US$ 14.0 billion
Projected Market Valuation in 2034
US$ 36.8 billion
Value-based CAGR 2024 to 2034
2024 to 2034
Historical Data Available for
2019 to 2023
Value in US$ billion
Key Market Segments Covered
Segmentation Analysis of the Biodegradable Paper and Plastic Packaging Market
By End User:
Key Countries Profiled
Key Takeaways from the Market Study
“Ongoing research and development in material science are driving innovations in biodegradable packaging materials with improved performance, durability, and shelf life. Novel materials, such as polyhydroxyalkanoates and polylactic acid, offer enhanced barrier properties, thermal stability, and compostability, expanding the scope of biodegradable packaging,” remarks by Ismail Sutaria (Lead Consultant, Packaging and Materials).
Prominent players in the biodegradable paper and plastic packaging market are:
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global biodegradable paper and plastic packaging market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities in the biodegradable paper and plastic packaging market, the market is segmented on the basis of type (starch based plastic, cellulose based plastics, polylactic acid, polyhydroxyalkanoates), material (plastic, paper), and end user (food and beverage, catering service wares, personal and home care, healthcare, others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
About the Packaging Division at Future Market Insights
The packaging team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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About the Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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