Biodegradable Packaging Solutions Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Biodegradable Packaging Solutions Industry Overview

The biodegradable packaging solutions market is fragmented. Major market players include Amcor Limited, Sealed Air Corporation, Mondi Group PLC, and Tetra Pak International SA. Several regional firms in developing countries like India are also trying to gain market share. Barriers to entry are low, resulting in the advent of smaller players and further increasing competitive rivalry.

• June 2024: Bioelements Group, a sustainable packaging firm in Latin America, unveiled its strategic move into the US market. The company established its US headquarters in Houston and announced plans for a BIOLab research facility. Bioelements specializes in an advanced packaging range, leveraging biobased, biodegradable, and compostable materials crafted through science and technology. With this expansion, the company aims to align closely with the evolving packaging demands of US brands across retail, e-commerce, food, home, personal care, and specialty industries.
• February 2024: SEE, a global packaging solutions provider, underscored its commitment to sustainable packaging by unveiling a pioneering biobased industrial compostable tray for protein packaging. This tray, designed for modern food processing facilities, underwent rigorous testing. SEE's latest offering, the CRYOVAC overwrap, is crafted from a USDA-certified biobased resin, boasting a 54% biobased content derived from renewable wood cellulose.