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The global biodegradable packaging materials market was USD 445.00 billion in 2022 and is expected reach USD 750.00 billion by 2030 with a CAGR of 6.81% during the forecast period, i.e., 2023-2030. Biodegradable packaging materials are environmentally friendly alternatives designed to break down naturally into harmless compounds, reducing the environmental impact associated with traditional non-biodegradable packaging. These materials, often derived from plant-based sources like cornstarch or sugarcane, decompose through natural processes, such as microbial action, into organic matter, water, and carbon dioxide.

The rising demand for sustainable and eco-friendly practices, driven by increased environmental awareness, government regulations promoting green initiatives, and consumer preferences for eco-conscious products, is a significant factor propelling the demand for biodegradable packaging materials. Industries, particularly in food and beverage, cosmetics, and e-commerce, are increasingly adopting these materials to minimize their carbon footprint and contribute to waste reduction.

However, the growth of biodegradable packaging faces challenges. The cost of production is currently higher than conventional packaging, making it less economically viable for some businesses. Standardization and certification processes are essential to ensure the legitimacy of claims regarding biodegradability. Additionally, addressing concerns about the speed and efficacy of biodegradation in various environments is crucial. Overcoming these challenges is imperative for the widespread adoption of biodegradable packaging materials and the realization of their potential environmental benefits.

In November 2023, Israeli biotech startup MadeRight secured $2 million in seed funding to advance its eco-friendly industrial materials production. The funding, led by Fresh Start foodtech incubator, includes support from investors like Arkin Holdings and ARC Impact. Founded in 2022, MadeRight, led by CEO Rotem Cahanovitc and CTO Yotam David, employs fermentation technology to cultivate fungi on organic industrial waste, generating sustainable, biodegradable materials. These materials, blended with bio-plastics, create recyclable plastic alternatives for packaging.

Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Biodegradable Packaging Materials Market, by Type (Recycled Content Packaging, Reusable Packaging, and Degradable Packaging), by Material Type (Plastic, Paper & Paperboard, Bagasse, and Natural Fiber), by Packaging Format (Bottles & Jars, Boxes & Cartons, Cans, Trays & Clamshells, Cups & Bowls, Pouches & Bags, Films & Wraps, Labels & Tapes, and Others), by End-Use Industry (Food And Beverages, Healthcare, Personal Care, and Other End-Use Industry), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030

By type, degradable packaging segment dominate the global biodegradable packaging materials market.

Based on the type, the global biodegradable packaging materials market is segmented into recycled content packaging, reusable packaging, and degradable packaging. In 2022, degradable packaging segment dominated the global biodegradable packaging materials market due to its versatility and widespread applicability. Examples like Mater-Bi, a starch-based biopolymer by Novamont, showcase advancements. Mater-Bi is utilized in various applications, from flexible packaging to agricultural films, demonstrating the adaptability of degradable materials. Additionally, the segment aligns with the industry's emphasis on reducing plastic waste, fostering increased adoption. Companies like Tipa and Avani Eco are gaining traction, offering degradable packaging solutions that balance performance and environmental impact, further solidifying the dominance of degradable materials in the evolving landscape of sustainable packaging.

“The Asia-Pacific (APAC) is expected to register the fastest CAGR during the forecast period, i.e., 2023-2030, in the global biodegradable packaging materials market.”

The Asia-Pacific is expected to registered the highest CAGR during the forecast period, i.e., 2023-2030, the global biodegradable packaging materials market owing to a surge in environmental awareness, stringent government regulations promoting sustainable practices, and changing consumer preferences towards eco-friendly packaging in countries like China and India. Additionally, the region's robust economic development and increasing disposable income contribute to a rising demand for sustainable packaging solutions. Key players, including NatureWorks LLC and Biome Bioplastics, are expanding their presence in the Asia-Pacific market, further driving the adoption of biodegradable packaging materials in the region during the forecast period.

Some of the major players in the global biodegradable packaging materials market include NatureWorks LLC, BASF SE, Mondi Group, Novamont S.p.A., Smurfit Kappa Group, Stora Enso Oyj, Tetra Pak International S.A., Amcor Limited, Kruger Inc., Huhtamäki Oyj, International Paper Company, WestRock Company, Georgia-Pacific LLC, DS Smith Plc, Biome Bioplastics Ltd., Be Green Packaging LLC, RKW Group, Clearwater Paper Corporation, Plastic Suppliers, Inc., and Eco-Products, Inc.

Global Biodegradable Packaging Materials Market Coverage (By Value)

• By Type Insight and Forecast 2018-2030

• Recycled Content Packaging

• Reusable Packaging

• Degradable Packaging

• By Material Type Insight and Forecast 2018-2030

• Plastic

  • Starch-Based Plastics

  • Cellulose-Based Plastics

  • Polylactic Acid (PLA)

  • Poly-3-Hydroxybutyrate (PHB)

  • Polyhydroxyalkanoates (PHA)

  • Other Plastics

• Paper & Paperboard

  • Kraft Paper

  • Flexible Paper

  • Corrugated Fiberboard

  • Boxboard

• Bagasse

• Plant Fiber

• Others

• By Packaging Format Insight and Forecast 2018-2030

• Bottles & Jars

• Boxes & Cartons

• Cans

• Trays & Clamshells

• Cups & Bowls

• Pouches & Bags

• Films & Wraps

• Labels & Tapes

• Others (Stick pack, Sachets, etc.) 

• By End-Use Industry Insight and Forecast 2018-2030

• Food & Beverages

• Personal Care

• Healthcare

• Others

• By Distribution Channel Insight and Forecast 2018-2030

• Wholesalers

• Retailers

• Distributors

• Resellers

• Others

Geographical Segmentation

Global Biodegradable Packaging Materials Market by Region

• North America

• By Type

• By Material Type

• By Packaging Format

• By End-use Industry

• By Distribution Channel

• By Country – U.S., Canada, and Mexico

• Europe

• By Type

• By Material Type

• By Packaging Format

• By End-use Industry

• By Distribution Channel

• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

• Asia-Pacific (APAC)

• By Type

• By Material Type

• By Packaging Format

• By End-use Industry

• By Distribution Channel

• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

• South America

• By Type

• By Material Type

• By Packaging Format

• By End-use Industry

• By Distribution Channel

• By Country – Argentina, Brazil, Chile, and Rest of South America

• Middle East and Africa

• By Type

• By Material Type

• By Packaging Format

• By End-use Industry

• By Distribution Channel

• By Country – Saudi Arabia, U.A.E, South Africa, and Rest of Middle East and Africa