Global Biodegradable Packaging Materials Market Insights and Forecast to 2027

Biodegradable materials are materials that are readily decomposed by the action of microorganisms. Biodegradable packaging differs from conventional non-degradable packaging in terms of raw materials, production technology, applications, and composting. Biodegradable materials such as bio-plastic and paper are widely used in packaging applications because of their sustainable nature, material properties, and appearance.
The rising demand for sustainable packaging materials among consumers will drive the growth prospects for the global biodegradable paper packaging materials market until the end of 2021. The market is witnessing a high rate of adoption of biodegradable paper or ecofriendly materials by retailers and intermediaries for packaging purposes because of various initiatives taken by governments of many countries to promote the use of sustainable packaging materials. Also, factors such as the growing consumer awareness, change in consumer attitudes, rising preference towards the environment-friendly packaging materials, and the increasing demand for these packaging materials from retail outlets will fuel the market’s growth. Moreover, the market is also driven by the growing inclination of various economies towards the globalization of trade. a number of developing and developed economies are expected to contribute attractive share to the global revenue. North America and Europe are anticipated to be potentially lucrative regional markets, with the growth driven by large technological advancements in manufacturing processes. Asia Pacific is expected to be a promising region, with burgeoning demand attributed to the rising adoption of recyclable materials in the food and beverages packaging sector.

Market Analysis and Insights: Global Biodegradable Packaging Materials Market
The global Biodegradable Packaging Materials market is valued at US$ XX million in 2019. The market size will reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.

Global Biodegradable Packaging Materials Scope and Segment
Biodegradable Packaging Materials market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Biodegradable Packaging Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.


Segment by Type
Corrugated Board
Flexible Paper
Boxboard


Segment by Application
Food Packaging
Beverage Packaging
Electronic Packaging


By Company
BASF
International Paper
Mondi
Smurfit Kappa
Stora Enso

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E