Global Compostable Plastic Packaging Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Material Type;

PBAT, PBS, PLA, PHA, Starch Blends, and Others.

By Application;

Bags, Pouches, Boxes, Bottles, Cups, Trays, Plates & Bowls, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn140852346 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Compostable Plastic Packaging Market (USD Million), 2020 - 2030

In the year 2023, the Global Compostable Plastic Packaging Market was valued at USD 1,897.22 million. The size of this market is expected to increase to USD 2,599.19 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The growth of the global compostable plastic packaging material market is driven by significant advancements in technology across various aspects of material formulation and manufacturing processes. Manufacturers are investing heavily in research and development to enhance the mechanical properties, barrier characteristics, and degradation features of compostable plastic materials. By incorporating additives and modifying compositions, compostable plastics now offer improved strength, flexibility, heat resistance, and moisture barrier capabilities, expanding their suitability for diverse applications in food packaging, personal care products, and industrial packaging.

In addition to material formulation, manufacturing processes have undergone notable advancements, leading to more efficient and scalable production of compostable plastic packaging materials. Technological innovations in extrusion, molding, and lamination techniques have enabled manufacturers to achieve cost-effective mass production while maintaining consistent quality and customizable features. These advancements have also contributed to reducing production waste and energy consumption, aligning with sustainability goals across the manufacturing sector.

The evolution of composting technologies has played a crucial role in facilitating the proper disposal and degradation of compostable plastic packaging materials. Advanced composting facilities equipped with sophisticated processes and systems efficiently break down compostable plastics, converting them into valuable compost or biogas. This ensures a complete and environmentally friendly degradation cycle for compostable plastics, enhancing their overall sustainability and reinforcing their contribution to reducing plastic waste in the ecosystem.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Compostable Plastic Packaging Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Key Applications of Compostable Plastic Packaging
        2. Market Trends and Innovations
        3. Global Compostable Plastic Packaging Market Size and Forecast
      2. Restraints:
        1. Cost and Affordability Challenges
        2. Limited Availability of Compostable Plastic Materials
        3. Lack of Standardized Composting Infrastructure
      3. Opportunities:
        1. Increasing Consumer Demand for Sustainable Packaging
        2. Stringent Regulations Promoting Compostable Plastics
        3. Innovation in Compostable Plastic Materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Compostable Plastic Packaging Market, By Material Type, 2022 - 2032 (USD Million)
      1. PBAT
      2. PBS
      3. PLA
      4. PHA
      5. Starch Blends
      6. Others
    2. Global Compostable Plastic Packaging Market, By Application, 2022 - 2032 (USD Million)
      1. Bags
      2. Pouches
      3. Boxes
      4. Bottles
      5. Cups
      6. Trays
      7. Plates and Bowls
    3. Global Compostable Plastic Packaging Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. KANEKA CORPORATION
      2. Eco Friendly Product NTIC
      3. FKuR Kunststoff GmbH;
      4. NatureWorks LLC
      5. SOLTECT
      6. Danimer Scientific
  7. Analyst Views
  8. Future Outlook of the Market

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