Compostable Packaging Materials Market By Material Type (Polybutylene adipate terephthalate, Polybutylene succinate, Polyhydroxyalkanoates, Polylactic acid, Starch Blends, and Others), By End User (Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Compostable Packaging Materials market was valued at 88.9 billion US$ in 2022 and is projected to reach 153.9 billion US$ by 2030, at a CAGR of 7.1% during the forecast period.
  • Market Overview

    Compostable packaging materials are eco-friendly and can be decomposed in the soil after use. The use of compostable material ensures packaging goods are not responsible for environmental degradation and are instead used to improve soil fertility in landfills. The disposal of compostable packaging does not pose any threat to the environment as it is easily decomposable after it is discarded.

    Market Dynamics

    The rising awareness in consumers concerning eco-friendly plastic packaging goods and the implementation of stringent government regulations concerning plastic use are the primary factors driving the market growth. The continued negative impact of discarded packaging material on the environment has spurred the industries to shift towards an eco-friendly alternative. As such, compostable materials have proven to be an adequate substitute as it also adds valuable nutrients after breaking down in specialized compost pits. The rising efforts to reduce the solid plastic waste accumulated on the earth’s surface, even as the retail and e-commerce industries continue to use several packaging materials for goods delivery, would propel the prospects of market growth. The positive awareness among consumers to opt for sustainable packaging materials would also boost the demand for compostable packaging materials. However, high product costs and restricted raw material availability might hamper the market growth. The volatile pricing fluctuations of raw materials and its limited availability has increased the final price of compostable packaging goods, which might act as barriers to the growth of the market. The increasing efforts of sustainable packaging across various end-user verticals would provide lucrative opportunities for the market in the coming years. The corporations and enterprises are also following a structured planning scheme to reduce their volume of waste generation and adhere to the federal regulations, offering key players with new possibilities of product application and business expansion.

    Market Segmentation

    The global Compostable Packaging Materials market is mainly classified based on Material Type and End User. Material Type is further segmented into Polybutylene adipate terephthalate, Polybutylene succinate, Polyhydroxyalkanoates, Polylactic acid, Starch Blends, and Others. By End User, the market is categorized into Cosmetics & Personal Care, Food & Beverage, Household, Pharmaceuticals, and Others.

    The Starch Blends segment by Material Type is poised to witness substantial growth during the forecast period owing to its higher degree of biodegradability and effective cost of production. The high demand for starch-blended packaging materials from food & beverage and agricultural sectors as edible films would also ensure continued segment growth over the forecast period.

    In terms of End User, the Food & Beverage sector holds significant market share owing to the rising need of companies to reduce solid plastic waste, comply with eco-friendly regulations of the government and reduce the overall packaging waste volume. The increasing sales volume of food delivery services has also influenced the high amount of packaging materials being discarded, which could easily be substituted with compostable material for subsequent waste decomposition.

    Regional Analysis

    Based on geography, the global Compostable Packaging Materials market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

    North America is a prominent region and holds a considerable share in terms of overall market value owing to the increasing investments to gradually shift towards eco-friendly packaging substitutes and urgent need to reduce the solid plastic waste generated in the region. Additionally, the concentrated efforts of the federal agencies and commercial enterprises to mitigate environmental impact would create high product demand, propelling the regional market growth.

    Competitive landscape

    The Compostable Packaging Materials market is moderately fragmented, with several global and regional companies operating in the evolving market scenario with considerable manufacturing and distribution capabilities. The abilities of the local companies to cater to the customized needs of the regional consumers have further intensified the market competitiveness.

    Key players operating in the Compostable Packaging Materials industry include BASF SE, Biome Bioplastics, Biotec GmbH & Co. KG, Danimer Scientific, L.L.C., FKuR Kunststoff GmbH, Grabio Greentech Corporation, Innovia Films Limited, Kaneka Corporation, Minima Technology Co., Ltd., NatureWorks LLC, Northern Technologies International Corporation, Novamont S.p.A., SK Chemicals Co., Ltd., TIPA Corp Ltd., and Xinjiang Blueridge Tunhe Chemical Industry Co., Ltd.

    The expansion in business capabilities through strategic partnerships and collaborations and continued technological product development are the primarily followed business strategies of the key players looking to capture substantial market share during the forecast period.

    Compostable Packaging Materials Market Key Segments

    By Material Type
    • Polybutylene adipate terephthalate
    • Polybutylene succinate
    • Polyhydroxyalkanoates
    • Polylactic acid
    • Starch Blends
    • Others

    By End-User
    • Cosmetics & Personal Care
    • Food & Beverage
    • Household
    • Pharmaceuticals
    • Others

    Key Global Compostable Packaging Materials Industry Players

    • BASF SE
    • Biome Bioplastics
    • Biotec GmbH & Co. KG
    • Danimer Scientific, L.L.C.
    • FKuR Kunststoff GmbH
    • Grabio Greentech Corporation
    • Innovia Films Limited
    • Kaneka Corporation
    • Minima Technology Co., Ltd.
    • NatureWorks LLC
    • Northern Technologies International Corporation
    • Novamont S.p.A.
    • SK Chemicals Co., Ltd.
    • TIPA Corp Ltd.
    • Xinjiang Blueridge Tunhe Chemical Industry Co., Ltd.

    keyboard_arrow_up
  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Compostable Packaging Materials Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. Rising awareness in consumers concerning eco-friendly plastic packaging goods
    3.3.2. Implementation of stringent government regulations concerning plastic use
    3.4. Restraints
    3.4.1. High product costs and restricted raw material availability
    3.5. Opportunity
    3.5.1. Increasing efforts of sustainable packaging across various end-user verticals
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Material Type Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Polybutylene adipate terephthalate
    4.2.1. Market Size & Forecast
    4.3. Polybutylene succinate
    4.3.1. Market Size & Forecast
    4.4. Polyhydroxyalkanoates
    4.4.1. Market Size & Forecast
    4.5. Polylactic acid
    4.5.1. Market Size & Forecast
    4.6. Starch Blends
    4.6.1. Market Size & Forecast
    4.7. Others
    4.7.1. Market Size & Forecast

    5. End-User Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Cosmetics & Personal Care
    5.2.1. Market Size & Forecast
    5.3. Food & Beverage
    5.3.1. Market Size & Forecast
    5.4. Household
    5.4.1. Market Size & Forecast
    5.5. Pharmaceuticals
    5.5.1. Market Size & Forecast
    5.6. Others
    5.6.1. Market Size & Forecast

    6. Compostable Packaging Materials Market Regional Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. North America Compostable Packaging Materials Market
    6.2.1. North America Market Size & Forecast, By Country
    6.2.2. North America Market Size & Forecast, By Material Type
    6.2.3. North America Market Size & Forecast, By End User
    6.2.4. U.S.
    6.2.4.1. Market Size and Forecast
    6.2.5. Canada
    6.2.5.1. Market Size and Forecast
    6.2.6. Mexico
    6.2.6.1. Market Size and Forecast
    6.3. Europe Compostable Packaging Materials Market
    6.3.1. Europe Market Size & Forecast, By Country
    6.3.2. Europe Market Size & Forecast, By Material Type
    6.3.3. Europe Market Size & Forecast, By End User
    6.3.4. Germany
    6.3.4.1. Market Size and Forecast
    6.3.5. France
    6.3.5.1. Market Size and Forecast
    6.3.6. UK
    6.3.6.1. Market Size and Forecast
    6.3.7. Italy
    6.3.7.1. Market Size and Forecast
    6.3.8. Russia
    6.3.8.1. Market Size and Forecast
    6.3.9. Rest of Europe
    6.3.9.1. Market Size and Forecast
    6.4. Asia-Pacific Compostable Packaging Materials Market
    6.4.1. Asia-Pacific Market Size & Forecast, By Country
    6.4.2. Asia-Pacific Market Size & Forecast, By Material Type
    6.4.3. Asia-Pacific Market Size & Forecast, By End User
    6.4.4. Japan
    6.4.4.1. Market Size and Forecast
    6.4.5. China
    6.4.5.1. Market Size and Forecast
    6.4.6. Australia
    6.4.6.1. Market Size and Forecast
    6.4.7. India
    6.4.7.1. Market Size and Forecast
    6.4.8. South Korea
    6.4.8.1. Market Size and Forecast
    6.4.9. Rest of Asia-Pacific
    6.4.9.1. Market Size and Forecast
    6.5. South America Compostable Packaging Materials Market
    6.5.1. South America Market Size & Forecast, By Country
    6.5.2. South America Market Size & Forecast, By Material Type
    6.5.3. South America Market Size & Forecast, By End User
    6.5.4. Brazil
    6.5.4.1. Market Size and Forecast
    6.5.5. Argentina
    6.5.5.1. Market Size and Forecast
    6.5.6. Rest of South America
    6.5.6.1. Market Size and Forecast
    6.6. Middle East & Africa Compostable Packaging Materials Market
    6.6.1. Middle East & Africa Market Size & Forecast, By Country
    6.6.2. Middle East & Africa Market Size & Forecast, By Material Type
    6.6.3. Middle East & Africa Market Size & Forecast, By End User
    6.6.4. GCC Countries
    6.6.4.1. Market Size and Forecast
    6.6.5. Egypt
    6.6.5.1. Market Size and Forecast
    6.6.6. South Africa
    6.6.6.1. Market Size and Forecast
    6.6.7. Rest of Middle East & Africa
    6.6.7.1. Market Size and Forecast

    7. Company Profile
    7.1. BASF SE
    7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    7.1.2. BASF SE Product Category, Application, and Specification
    7.1.3. BASF SE Financial Performance (2015-2019)
    7.1.4. Main Business/Business Overview
    7.2. Biome Bioplastics
    7.3. Biotec GmbH & Co. KG
    7.4. Danimer Scientific, L.L.C.
    7.5. FKuR Kunststoff GmbH
    7.6. Grabio Greentech Corporation
    7.7. Innovia Films Limited
    7.8. Kaneka Corporation
    7.9. Minima Technology Co., Ltd.
    7.10. NatureWorks LLC
    7.11. Northern Technologies International Corporation
    7.12. Novamont S.p.A.
    7.13. SK Chemicals Co., Ltd.
    7.14. TIPA Corp Ltd.
    7.15. Xinjiang Blueridge Tunhe Chemical Industry Co., Ltd.

    keyboard_arrow_up


    • Keep your personal detail safe with us. Privacy Policy
      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

What Report Provides?

• Full in-depth analysis of the parent Industry
• Important changes in market and its dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional growth potential

error: Right-Click on this site is Disabled