Biodegradable Packaging Market Growth Set at 6.0% CAGR, Reaching US$ 800.48 Billion From 2024-2032

The growing consciousness of the ecological influence of plastic refuse and its impact is driving the market demand

NEW YORK CITY, NY, UNITED STATES, November 13, 2024 /EINPresswire.com/ -- Our biodegradable packaging market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.

𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐚𝐧 𝐞𝐱𝐡𝐚𝐮𝐬𝐭𝐢𝐯𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐛𝐢𝐨𝐝𝐞𝐠𝐫𝐚𝐝𝐚𝐛𝐥𝐞 𝐩𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐝𝐞𝐜𝐚𝐝𝐞. 𝐈𝐧 2023, 𝐠𝐥𝐨𝐛𝐚𝐥 𝐬𝐚𝐥𝐞𝐬 𝐢𝐧𝐜𝐨𝐦𝐞 𝐫𝐞𝐚𝐜𝐡𝐞𝐝 𝐔𝐒𝐃 473.74 𝐛𝐢𝐥𝐥𝐢𝐨𝐧. 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐞𝐝 𝐭𝐨 𝐛𝐨𝐨𝐬𝐭 𝐚𝐭 𝐚 𝐫𝐨𝐛𝐮𝐬𝐭 𝐂𝐀𝐆𝐑 𝐨𝐟 6.0%, 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 800.48 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧:
Biodegradable packaging is usually defined as any configuration of packaging that will organically fall apart and decay. It is a sustainable packaging system that will organically disintegrate under any situation and in an unspecified period of time. Packages that are validated disposable and securely biodegrade in a commercial or home fertilizer ambiance.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

Biodegradable packaging is normally contemplated to be rendered only from bio-dependent or plant-dependent substances. Biodegradability relies on the molecular framework and robustness of a substance's polymer chain instead of its source. Lesser production expenses, recyclability, harmless and allergen-liberated attributes, and a decreased carbon footprint are pushing the biodegradable packaging market demand.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐁𝐢𝐨𝐝𝐞𝐠𝐫𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:
• Amcor plc
• Berry Global Group
• Georgia-Pacific LLC
• Huhtamaki Oyj
• Mondi Group
• Pactiv Evergreen Inc.
• Smurfit Kappa Group
• Stora Enso Oyj
• Swedbrand Groups
• Tetra Pak International S. A
• WestRock Company
• Winpak Ltd.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:
Expansion of Global Population: As the worldwide population dilates and refuse generation surges, the requirement for green waste handling solutions surges, additionally driving the demand for biodegradable packaging and associated ventures, boosting the demand for biodegradable packaging market growth.

Environmental Concerns: Ecological worries such as contamination and global warming impact people to do away with nonbiodegradable and disposable packaging. As per the data issued by the UN Environment Programme in 2023, 19–23 million tons of plastic refuse embarks on the aquatic biosphere, polluting lakes, rivers, and oceans each year.

Directives for Ecologically Green Practices: Governments are positioning higher focus on ecologically green practices, causing the initiation of several directives and policies that inspire the usage of disposable packaging systems.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
• The biodegradable packaging market segmentation is based on material, packaging format, end use, and region.

• By material analysis, the paper & paperboard segment held the largest market share. This is due to their green nature and acquired from the source such as wood pulp.

• By end-use analysis, the food and beverages segment is poised to register a significant CAGR. This is due to the growing demand for green packaging in the industry.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The research report covers all the major regions and sub-regions of the biodegradable packaging market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific: Asia Pacific accounted for the largest market share. This is primarily because of speedy urbanization, growing environmental consciousness, and growing consumer demand for green packaging solutions.

North America: North America is anticipated to witness the fastest CAGR from 2024 to 2032. The region's growing consumer consciousness of ecological problems and growing consumer demand for green packaging solutions fuel the regional market expansion.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐅𝐀𝐐𝐬:
How much is the biodegradable packaging market?
The market size was valued at USD 473.74 billion in 2023 and is projected to grow to USD 800.48 billion by 2032.

What is the growth rate of the biodegradable packaging market?
The global market is projected to register a CAGR of 6.0% during 2024–2032.

Which region held the largest market share?
Asia Pacific accounted for the largest share of the global market.

Which segment by material led the market in 2023?
The paper & paperboard segment dominated the market in 2023.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐏𝐌𝐑'𝐬 𝐁𝐢𝐨𝐝𝐞𝐠𝐫𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐟𝐫𝐨𝐦 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:

𝐁𝐢𝐨𝐝𝐞𝐠𝐫𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: $800.48 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032 𝐰𝐢𝐭𝐡 𝐑𝐨𝐛𝐮𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
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https://www.polarismarketresearch.com/industry-analysis/membrane-separation-market

Air Deflector Market:
https://www.polarismarketresearch.com/industry-analysis/air-deflector-market

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https://www.polarismarketresearch.com/industry-analysis/drilling-waste-management-market

Desiccant Dehumidifier Market:
https://www.polarismarketresearch.com/industry-analysis/desiccant-dehumidifier-market

Automotive Refinish Coating Market:
https://www.polarismarketresearch.com/industry-analysis/automotive-refinish-coating-market

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Likhil G
Polaris Market Research and Consulting
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