Biodegradable Packaging Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Biodegradable Packaging Market is expected to reach USD 118.85 billion by 2028, registering a CAGR of 6% during the period, 2022-2028. Biodegradable packaging is made from organic materials used for packaging purposes and is easily decomposed without harm to the environment. The decomposition of biodegradable packaging occurs with the help of microorganisms. The use of biodegradable packaging has become a new trend for eco-living with less waste. Growing consumer demand and the importance of awareness of eco-friendly materials are the main reasons for the increase in demand. Moreover, civil servants in many countries are obliged to use biodegradable materials rather than conventional non-degradable materials.

Company Profile

Major Players: Tetra Pak International Sa, Plastic Suppliers Inc., Kruger Inc., Amcor Limited, Mondi Plc, Biopac Limited, International Paper Company, Smurfit Kappa Group Plc, Bemis Company Inc., Ds Smith Plc, Klabin Sa, And Rengo Co. Ltd, among others.

Market Segmentation

By Product Type

• Key Findings
• Plastics
• Paper

By End-use Industry

• Key Findings
• Food & Beverages
• Healthcare
• Personal care/ Homecare

Scope of the Report

The research study analyzes the Biodegradable Packaging Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Biodegradable Packaging Market Report

1. What was the Biodegradable Packaging Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Biodegradable Packaging Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Biodegradable Packaging Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.