Market Overview

The Global Biodegradable Plastic Packaging Market was valued at USD 3,840.6 million in 2023 and is expected to reach USD 17,764.3 million by 2031 while growing at a CAGR of 21.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global biodegradable plastic packaging market growth. Biodegradable plastic packaging is crafted from biodegradable polymers, capable of naturally breaking down into eco-friendly substances over time. In contrast to traditional plastics that endure for extended periods, biodegradable plastics undergo degradation through natural processes like microbial action and environmental conditions.

Continual research and development in materials science and technology, combined with shifting consumer preferences towards eco-friendly and sustainable products, propel the growth of the biodegradable plastic packaging market. Nonetheless, challenges such as cost considerations and limited performance properties may hinder market expansion.

Furthermore, the global biodegradable plastic packaging industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Biodegradable Plastic Packaging Market is segmented among Starch Based plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), and Other Plastic Types, based on Type. In 2023, Starch Based plastic accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Biodegradable Plastic Packaging Market is segmented among Food, Beverage, Pharmaceutical, Personal/Homecare, and Other Applications, based on Application. In 2023, Food accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Biodegradable Plastic Packaging Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Tetra Pak International SA, Plastic Suppliers Inc., Kruger Inc., Amcor PLC, Mondi PLC, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, Klabin SA, and Rengo Co. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Biodegradable Plastic Packaging Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Biodegradable Plastic Packaging Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Biodegradable Plastic Packaging Market Segmentation, By Type

• Global Biodegradable Plastic Packaging Market Share Analysis, By Type  

• Global Biodegradable Plastic Packaging Market Growth Analysis, By Type

• Global Biodegradable Plastic Packaging Market Trends, By Type

o Starch Based plastic

o Cellulose Based Plastics

o Polylactic Acid (PLA)

o Polyhydroxyalkanoates (PHA)

o Other Plastic Types

6. Global Biodegradable Plastic Packaging Market Segmentation, By Application

• Global Biodegradable Plastic Packaging Market Share Analysis, By Application

• Global Biodegradable Plastic Packaging Market Growth Analysis, By Application

• Global Biodegradable Plastic Packaging Market Trends, By Application

o Food

o Beverage

o Pharmaceutical

o Personal/Homecare

o Other Applications    

7. Global Biodegradable Plastic Packaging Market Segmentation, By Region

• Global Biodegradable Plastic Packaging Market Share Analysis, By Region

• Global Biodegradable Plastic Packaging Market Growth Analysis, By Region

• Global Biodegradable Plastic Packaging Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Tetra Pak International SA*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Plastic Suppliers Inc.

• Kruger Inc.

• Amcor PLC

• Mondi PLC

• International Paper Company

• Smurfit Kappa Group PLC

• DS Smith PLC

• Klabin SA

• Rengo Co. Ltd

 *Similar analysis will be provided for each company listed above.