Biodegradable Packaging Market

Biodegradable Packaging Market
Insights, Size and Industry Forecast till
2025
Packaging is a technology that involves enclosing and protecting various types of
products for storage, distribution, sale and use. The increasing demand for healthy,
safe, convenience food, and growing industry & consumer awareness towards
eco-friendly products in the recent past in Asia Pacific, Europe and North America
respectively, has been rapidly driving the global biodegradable packaging market.
Biodegradable refers to the ability of materials to break down and return to nature within
a short time after disposal. The biodegradable polymers used for packaging are starch,
polylactic acid (PLA), cellulose, polyhydroxyalkanoates (PHA), and others. The
extensive use of starch and PLA as a biodegradable packaging material for food &
beverages, and pharmaceuticals end-use industry is projected to boost growth of the
biodegradable packaging market during 2017-2025. This is due to the high strength,
versatility and recyclability properties of starch and PLA polymers. Furthermore, paper
biodegradable packaging comprises mainly Kraft, flexible, corrugated, and box board
materials, and is expected to be the fastest growing product type during the forecast
period. The excessive use of corrugated, and flexible materials for the
personal/homecare packaging applications is the key factor for the growth of
biodegradable packaging during the forecast period.
The global biodegradable packaging is segmented into two types of product segment,
namely, plastic biodegradable packaging and paper biodegradable packaging. Plastics
was the largest product type segment in the global Biodegradable Packaging market in
2016 and is expected to retain its dominance throughout the forecast period. The plastic
product segment is further divided into starch, polylactic acid (PLA),
polyhydroxyalkanoates (PHA), and others. The starch and PLA are the dominant
product type sub-segments, and are highly used in food and beverages end-use
industry due to their high biodegradable property, and recyclability nature. The growing
demand for packaged food, growing population, and rapidly expanding beverages
industry in Europe, North America, and Asia-Pacific are key growth drivers for the global
biodegradable packaging market.
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The global Biodegradable Packaging market was valued at US$ 3,927.0 million and
969.9 kilo tons in 2016 and is expected to expand at a CAGR of 20.8% in terms of
revenue and 22.2% in terms of volume during 2017 – 2025.
Food is the largest end-use industry, followed by beverages for biodegradable
packaging
Food end-use industry segment is expected to be the dominant industry, followed by
beverages in the global biodegradable packaging market over the forecast period and
are also expected to witness fastest growth over the following decade. The rapid
increase in non-biodegradable food packaging waste has caused adverse
environmental concerns. This has led to the development of polymers made from
renewable resources for food packaging. Natural polymers which are derived from
agricultural products such as starch, proteins, cellulose and plant oils are the major
sources for the development of biodegradable polymer materials. Currently, starch and
polylactic acid (PLA) are two of the biopolymers targeted for the increasing use in the
food and beverages end-use industry for packaging material. Vendors are introducing
biodegradable and sustainable forms of packaging to cater to the growing demand for
eco-friendly packaging products. The Coca Cola Company launched its Plant Bottle,
which is partially made from bio-based plastics, while Danone is using PLA for its
yoghurt cups. Also, UK-based Innovia Films uses wood pulp for creating a
cellulose-based film that is similar to plastic. Moreover, several companies are using
corn kernels to produce a biodegradable plastic, namely, polylactic acid (PLA) on a
huge amount.
Regional Insights
Europe, followed by North America, and Asia-pacific, respectively accounted for major
share in the global biodegradable packaging market both in terms of revenue and
volume in 2016 and the trend is estimated to remain the same over the forecast period.
In 2016, Europe held a market share of 50.0% in terms of value in the global
biodegradable packaging market. The large amount of plastic carrier bags are made
from naphtha, which is a by-product of oil refining, which in turn is leading to the various
environment problems. Owing to this, the government in Europe has imposed strict
regulations to use biodegradable packaging materials for the manufacture of plastic and
paper bags. This in turn has allowed the retailors of various countries in Europe to
charge for a plastic bag, hence led to the decrease on the use of plastic bags from the
consumers. Due to this, the manufacturers in Europe has started the huge
manufacturing of biodegradable plastic and paper bags. According to EPA, the various
initiatives taken by European government on the use of plastic bags are:In April, 2015, the European government has approved a directive requiring member
states to take action to reduce the consumption and use of plastic bags of thickness
less than 50 microns.
The governments of Denmark, Germany and Ireland have imposed taxes on plastic
bags. The Government of Italy has completely banned the distribution of plastic bags
that are not from biodegradable sources
The Government of Wales, Scotland and Northern Ireland has started a minimum
charge of 5 pence for almost all single use bags (including paper and plastic
biodegradable bags). In October 2015, the Government of England introduced a
minimum charge of five pence for most single use plastic.
This in turn has is making Europe for the largest market of biodegradable packaging
over the following years. Moreover, North America is estimated to be the second largest
market for global biodegradable packaging 2016. This is due to the government
regulations being imposed on banning plastic bags. Owing to this, the Government of
California has passed a bill to ban single use plastic bags from 2016, and over 100
counties or municipalities have plastic bag bans or charges.
Multinational players
Major players in the global Biodegradable Packaging market include BASF SE, Smurfit
Kappa Group, Mondi Group, Rocktenn, Stora Enso, Clearwater Paper Corporation,
Amcor, Novamont S.P.A., Rocktenn, Kruger Inc., Smurfit Kappa Group, Reynolds
Group Holding Limited, and International Corp.
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Biodegradable Packaging Market report categorizes global market by Product Type (Plastic, Paper), End-Use Industry (Food, Beverage, Pharmaceutical, Personal/Homecare), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

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