Biodegradable Packaging Market Size Worth $800.48 Billion By 2032 | CAGR: 6.0%

The global biodegradable packaging market size is expected to reach USD 800.48 billion by 2032, according to a new study by Polaris Market Research. The report “Biodegradable Packaging Market Share, Size, Trends, Industry Analysis Report By Material, Packaging Format, End Use (food & beverages, personal care & cosmetics, pharmaceuticals, homecare, other consumer goods) and Region; Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the biodegradable packaging market is driven by a rising consumer preference for sustainable packaging materials and an increasing demand for recyclable and biodegradable products. Consumers are increasingly seeking options that minimize environmental impact, encouraging companies to innovate in their packaging solutions. Additionally, recycled materials, which have already served their original purpose, are being repurposed for packaging, further supporting sustainability efforts. By incorporating recycled content, businesses can significantly reduce organizational waste while enhancing the efficiency of the manufacturing process. Furthermore, the shift towards biodegradable packaging not only aligns with consumer expectations but also helps companies meet regulatory requirements and improve their overall sustainability profiles. As a result, the biodegradable packaging market is balanced for substantial growth in the coming years. According to European Bioplastics and Nova-Institute, the global production capacity for biodegradable plastics was 1,136 metric tons in 2023 and is projected to reach 4,605 metric tons by 2028. This anticipated increase in the production capacity of biodegradable plastics is expected to drive the growth of the biodegradable packaging market during the forecast period.

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Start-ups in the global biodegradable packaging market are developing mono-material packaging, which is easily recyclable, leaving complex multi-layer packaging systems. This focused effort toward sustainable packaging supports global environmental goals & regulatory compliance, encouraging businesses to adopt greener and more responsible packaging practices. LittleFeet Packaging, a US-based startup, provides Pubble Packaging made from 100% recycled paper suitable for frozen foods. Similarly, Ecoplasteam, an Italian startup, produces “EcoAllen”, a granule composed of polyethylene and aluminum. This material is made using technology to recycle the tetra packs, consisting of layers made from cellulose, plastic, and aluminum.

Biodegradable Packaging Market Report Highlights

• By material, the paper & paperboard segment held the largest share of the global biodegradable packaging market in 2023 owing to biodegradability and extensive use in the food & beverages industry.
• In terms of end use, the food & beverages segment dominated the market in 2023 owing to growing cases of contamination of microplastics in the food chain.
• Asia Pacific held the largest market share in 2023 owing to favorable government policies and laws to reduce plastic waste.
• The North American biodegradable packaging market is projected to experience the highest CAGR from 2024 to 2032 due to increasing consumer awareness of environmental issues and a growing demand for sustainable packaging solutions.
• Stora Enso Oyj; Smurfit Kappa; Amcor plc; Pactiv Evergreen; Berry Global; Huhtamaki; Mondi Group; Tetra Pak International; Swedbrand Groups; Winpak Ltd.; and Kruger Inc. are among the global biodegradable packaging market players.

Polaris Market Research has segmented the biodegradable packaging market report on the basis of material type, packaging format, end use, and region:

By Material Outlook (Revenue, USD Billion, 2019–2032)

• Paper & Paperboard
• Bio-plastic
  • Polylactic Acid (PLA)
  • Cellulose-based
  • Starch-based
  • Polybutylene succinate
  • Others
• Bagasse

By Packaging Format Outlook (Revenue, USD Billion, 2019–2032)

• Bottles & Jars
• Boxes & Cartons
• Cans
• Trays & Clamshells
• Cups & Bowls
• Pouches & Bags
• Films & Wraps
• Labels & Tapes
• Others

By End Use Outlook (Revenue, USD Billion, 2019–2032)

• Food & Beverages
• Personal Care & Cosmetics
• Pharmaceuticals
• Homecare
• Other Consumer Goods

By Regional Outlook (Revenue USD Billion, 2019–2032)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Biodegradable Packaging  Report Scope