How big is the Biodegradable Packaging Solutions Market?

The Biodegradable Packaging Solutions Market size is expected to reach USD 105.26 billion in 2024 and grow at a CAGR of 5.97% to reach USD 140.66 billion by 2029. Read More

What is the current Biodegradable Packaging Solutions Market size?

In 2024, the Biodegradable Packaging Solutions Market size is expected to reach USD 105.26 billion. Read More

Who are the key players in Biodegradable Packaging Solutions Market?

Mondi Group, Tetra Pak International SA, Sealed Air Corporation, International Paper Company and Amcor Group GmbH are the major companies operating in the Biodegradable Packaging Solutions Market. Read More

Which is the fastest growing region in Biodegradable Packaging Solutions Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Biodegradable Packaging Solutions Market?

In 2024, the Europe accounts for the largest market share in Biodegradable Packaging Solutions Market. Read More

What years does this Biodegradable Packaging Solutions Market cover, and what was the market size in 2023?

In 2023, the Biodegradable Packaging Solutions Market size was estimated at USD 98.98 billion. The report covers the Biodegradable Packaging Solutions Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biodegradable Packaging Solutions Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What challenges does the Biodegradable Packaging Market face?

The key challenges faced by the Biodegradable Packaging Market include higher costs of biodegradable materials compared to conventional packaging and limited recycling facilities. Read More

What are the key drivers of the Biodegradable Packaging Market?

Key factors driving the Biodegradable Packaging Market are: a) Increasing environmental concerns b) Stringent government regulations on plastic use c) Growing consumer preference for sustainable packaging Read More

What challenges does the Biodegradable Packaging Market face?

The key challenges faced by the Biodegradable Packaging Market include higher costs of biodegradable materials compared to conventional packaging and limited recycling facilities. Read More

Biodegradable Packaging Solutions Market Share

Statistics for the 2023 & 2024 Biodegradable Packaging Solutions market share, created by Mordor Intelligence™ Industry Reports. Biodegradable Packaging Solutions share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Biodegradable Packaging Solutions Industry

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.