Market Share of Biodegradable Packaging Industry
The biodegradable packaging market is highly fragmented. The market studied comprises 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.
• February 2024: As part of SEE’s ongoing mission to create packaging materials that meet our customers’ sustainability objectives, the global packaging solutions provider has developed the world’s first biobased industrial compostable tray for protein packaging that has been rigorously tested to meet the needs of modern-day food processing facilities. See’s new compostable overwrap CRYOVAC brand is made from a biobased food-contact-grade resinous material that has been USDA-certified, with a biobased content of 54% based on chemically derived renewable wood cellulose.
• September 2023: Mondi, in collaboration with rice supplier Veetee, introduced new recyclable paper-based dry rice packaging. The packaging offers protection against moisture and has been customized to remain stable on shop shelves.
Biodegradable Packaging Market Leaders
-
Mondi Group
-
Tetra Pak International SA
-
Sealed Air Corporation
-
International Paper Company
-
Amcor Group GmbH
*Disclaimer: Major Players sorted in no particular order
.webp)
