Biodegradable plastic packaging is plastic packaging made from materials that can be broken down or decomposed by bacteria or other living organisms. This type of packaging does not produce toxic gases during decomposition, and it is often made from renewable sources like corn, potatoes, or sugarcane. Biodegradable plastic packaging is an environmentally friendly alternative to non-biodegradable plastic packaging, which can take hundreds of years to decompose and can release toxins into the environment.
Biodegradable paper packaging is packaging made from paper or other cellulose-based materials that are designed to break down quickly and naturally in the environment. This type of packaging is becoming increasingly popular due to its environmental benefits. It is made from renewable resources and does not produce toxic emissions when disposed of, as it biodegrades quickly, returning carbon back to the soil. Additionally, biodegradable paper packaging can be composted, providing a nutrient-rich soil amendment.
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The demand for biodegradable paper and plastic packaging is increasing as more people become aware of the environmental impacts of single-use plastic packaging. This type of packaging is becoming more popular in the food and beverage industry due to its ability to reduce the amount of plastic waste that is sent to landfills and oceans. Biodegradable paper and plastic packaging is also being used in the cosmetics, pharmaceutical and healthcare industries as a way to reduce their carbon footprint. Additionally, some companies are now using biodegradable packaging as a marketing tool to show their commitment to sustainability.
Western Europe and North America are the key markets for biodegradable packaging.
Europe and North America dominated the global pharmaceutical packaging market accounting for more than 65% of the overall market in 2013. Within the North America, the U.S. will remain the largest consumer. Country wise, the U.S. is the top most consumer of biodegradable packaging product globally, and is also the largest market growing at a CAGR lower than the global average till 2019. Member countries of EU, Sweden, Switzerland, U.K., and Germany are the key markets in European biodegradable packaging market and constitute majority of the market size. In terms of growth rate, biodegradable plastic packaging is expected to register a double digit CAGR from 2013 to 2019.
Food packaging and beverage packaging are the topmost packaging application segments by revenue wherein PLA and starch-based plastics dominate the biodegradable plastic packaging market and boxboard and corrugated board dominate the market for biodegradable paper packaging.
While food packaging takes the topmost position in the market with more than 70% share by value of biodegradable plastic packaging and more than 40% share by value of biodegradable paper packaging, maximum growth in the future is expected from the beverage packaging application segment. Plastics and polymers are the largest consumed raw material for the beverage packaging products and are being fast replaced by their biodegradable substitutes such as PLA, starch-based Plastics, PHA, and so on due to its ease in design, excellent barriers properties, and cost-effectiveness. Biodegradable paper packaging market, being a highly mature and predominant market, shows higher market value share in the global biodegradable packaging market than the biodegradable plastic packaging market does. The biodegradable plastic packaging market on the other hand, being in its introductory phase, shows tremendous potential for growth and is expected to grow at a CAGR of double digits.
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The major players covered in the global biodegradable paper & plastic packaging market report are Riverside Paper Co. Inc. (US), SmartSolve Industries (US), Özsoy Plastik (Turkey), Ultra Green Sustainable Packaging (US), Hoşgör Plastik (Turkey), Eurocell S.r.l (UK), Tetra Pak International SA (Switzerland), (US), Kruger Inc. (Canada), Amcor PLC (Switzerland), Mondi (UK), International Paper Company (US), Smurfit Kappa (US), DS Smith (UK), Klabin SA (Brazil), Rengo Co. Ltd (Japan), WestRock Company (US), Stora Enso (Sweden), Bemis manufacturing company (US), Rocktenn (US), BASF SE (Germany), Clearwater Paper Corporation (US) and others.
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