Bio-Degradable Packaging Market Trends 2022 | Segmentation, Outlook, Industry Report to 2028

The biodegradable packaging market was valued at USD 81.7 billion in 2020 and is projected to reach USD 118.8 billion by 2026, registering a CAGR of 6% during the period 2022-2028. The global eco-friendly food packaging market grew in demand in 2020 and is expected to slow in 2021. The increase in demand is mainly due to the growing demand for packaged food worldwide during the coronavirus pandemic. In addition, food manufacturing and related services were considered essential services and continued to operate during the closure period. In addition to this, some companies are taking various strategies to overcome this crisis.

Companies

• Tetra Pak
• Amcor
• Mondi Group
• Imex Packaging
• Mcnichols Co.
• Kruger Inc.
• Biopac
• Smurfit Kappa Group
• Berkley International Packaging
• Earthfirst Brand Films
• Greenblue
• International Paper
• Ranpak Corp *list not exhaustive

Market-Segmentations

By Material Type

Plastic

• Starch-Based Plastics
• Cellulose-Based Plastics
• Polylactic Acid (PLA)
• Poly-3-Hydroxybutyrate (PHB)
• Polyhydroxyalkanoates (PHA)
• Other Plastics

Paper

• Kraft Paper
• Flexible Paper
• Corrugated Fiberboard
• Boxboard

By Application

• Food Packaging
• Beverage Packaging
• Pharmaceutical Packaging
• Personal/Homecare Packaging
• Other Applications

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Bio-Degradable Packaging Market Report

• What was the Bio-Degradable Packaging Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Bio-Degradable Packaging Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Bio-Degradable Packaging Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.