CHEMICALS & MATERIALS
Global Compostable Packaging Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Compostable Packaging Market, By Product (Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, and Clamshells), Material (Plastic, Paper and Paperboard, PBAT, PBS, TPLA and CPLA, Bamboo, Cellulose, Wheat Straw Fiber, Polylactic Acid (PLA), and PHA), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others), End-User (Food and Beverages, Medical, Automotive, Electrical and Electronics, Agriculture, Textile Goods, Personal and Home Care, Chemical, Others, and ), Application (Bags, Pouches, Trays, Tapes, Mailer Bags, Films, Clamshells) Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global compostable packaging market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Compostable packaging is made of materials that decompose into non-toxic, nutrient-rich organic matter when composted. These materials breakdown completely in composting conditions, leaving no toxic leftovers while improving the soil. Compostable packaging, which is often composed of plant-based polymers and other renewable resources, provides an environmentally beneficial substitute for conventional plastics. The compostable packaging market includes the manufacture, distribution, and consumption of these environmentally friendly packaging solutions across a variety of industries. It comprises industries including food and beverage, consumer products, healthcare, and retail. Important market operations include production procedures, consumer education, regulatory compliance, and new material research and development. The desire for sustainable packaging solutions from businesses and consumers, as well as stricter government restrictions, are some of the growth factors.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Stringent government regulations on single-use plastics
- Rising environmental concerns and eco-friendly packaging initiatives
RESTRAINTS
- Higher cost of compostable packaging materials
- Limited availability and variability in composting infrastructure
OPPORTUNITIES
- Technological advancements in material science and packaging technology
- Expansion of compostable packaging into new markets and regions
CHALLENGES
- Ensuring compostability in diverse environmental conditions
- Meeting performance standards of conventional packaging
SEGMENTATION
- Product
- Bags
- Trays
- Cups
- Plates
- Films
- Lids
- Straws
- Cutlery
- Bowls
- Clamshells
- Material
- Plastic
- Paper and Paperboard
- PBAT
- PBS
- TPLA and CPLA
- Bamboo
- Cellulose
- Wheat Straw Fiber
- Polylactic Acid (PLA)
- PHA
- Packaging Layer
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
- Distribution Channel
- B2B
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Stores
- Specialty Stores
- E-commerce
- Others
- End-User
- Food and Beverages
- Medical
- Automotive
- Electrical and Electronics
- Agriculture
- Textile Goods
- Personal and Home Care
- Chemical
- Others
- Application
- Bags
- Pouches
- Trays
- Tapes
- Mailer Bags
- Films
- Clamshells
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- BASF SE
- Biome Bioplastics Limited
- Bio-On
- Braskem (Brazil)
- Innovia Films Limited
- Mitsubishi Chemical Corporation
- NatureWorks
- Novamont
- Plantic Technologies
- Toray Industries
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Compostable Packaging Market, by Product
- 3.2 Global Compostable Packaging Market, by Material
- 3.3 Global Compostable Packaging Market, by Packaging Layer
- 3.4 Global Compostable Packaging Market, by Distribution Channel
- 3.5 Global Compostable Packaging Market, by End-User
- 3.6 Global Compostable Packaging Market, by Application
- 3.7 Global Compostable Packaging Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Growing consumer awareness about environmental issues
- 5.1.2 Innovations in biodegradable materials
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Stringent government regulations on single-use plastics
- 5.2.2 Rising environmental concerns and eco-friendly packaging initiatives
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Higher cost of compostable packaging materials
- 5.3.2 Limited availability and variability in composting infrastructure
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Technological advancements in material science and packaging technology
- 5.4.2 Expansion of compostable packaging into new markets and regions
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Ensuring compostability in diverse environmental conditions
- 5.5.2 Meeting performance standards of conventional packaging
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL COMPOSTABLE PACKAGING MARKET, BY PRODUCT
- 6.1 Product Summary
- 6.2 Market Attractive Index
- 6.3 Global Compostable Packaging Market, by Product (2019-2032)
- SECTION 7 - GLOBAL COMPOSTABLE PACKAGING MARKET, BY MATERIAL
- 7.1 Material Summary
- 7.2 Market Attractive Index
- 7.3 Global Compostable Packaging Market, by Material (2019-2032)
- SECTION 8 - GLOBAL COMPOSTABLE PACKAGING MARKET, BY PACKAGING LAYER
- 8.1 Packaging Layer Summary
- 8.2 Market Attractive Index
- 8.3 Global Compostable Packaging Market, by Packaging Layer (2019-2032)
- SECTION 9 - GLOBAL COMPOSTABLE PACKAGING MARKET, BY DISTRIBUTION CHANNEL
- 9.1 Distribution Channel Summary
- 9.2 Market Attractive Index
- 9.3 Global Compostable Packaging Market, by Distribution Channel (2019-2032)
- SECTION 10 - GLOBAL COMPOSTABLE PACKAGING MARKET, BY END-USER
- 10.1 End-User Summary
- 10.2 Market Attractive Index
- 10.3 Global Compostable Packaging Market, by End-User (2019-2032)
- SECTION 11 - GLOBAL COMPOSTABLE PACKAGING MARKET, BY APPLICATION
- 11.1 Application Summary
- 11.2 Market Attractive Index
- 11.3 Global Compostable Packaging Market, by Application (2019-2032)
- SECTION 12 - GLOBAL COMPOSTABLE PACKAGING MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Compostable Packaging Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA COMPOSTABLE PACKAGING MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Compostable Packaging Market, by Product (2019-2032)
- 13.4 North America Compostable Packaging Market, by Material (2019-2032)
- 13.5 North America Compostable Packaging Market, by Packaging Layer (2019-2032)
- 13.6 North America Compostable Packaging Market, by Distribution Channel (2019-2032)
- 13.7 North America Compostable Packaging Market, by End-User (2019-2032)
- 13.8 North America Compostable Packaging Market, by Application (2019-2032)
- 13.9 North America Compostable Packaging Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE COMPOSTABLE PACKAGING MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Compostable Packaging Market, by Product (2019-2032)
- 14.4 Europe Compostable Packaging Market, by Material (2019-2032)
- 14.5 Europe Compostable Packaging Market, by Packaging Layer (2019-2032)
- 14.6 Europe Compostable Packaging Market, by Distribution Channel (2019-2032)
- 14.7 Europe Compostable Packaging Market, by End-User (2019-2032)
- 14.8 Europe Compostable Packaging Market, by Application (2019-2032)
- 14.9 Europe Compostable Packaging Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC COMPOSTABLE PACKAGING MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Compostable Packaging Market, by Product (2019-2032)
- 15.4 Asia-Pacific Compostable Packaging Market, by Material (2019-2032)
- 15.5 Asia-Pacific Compostable Packaging Market, by Packaging Layer (2019-2032)
- 15.6 Asia-Pacific Compostable Packaging Market, by Distribution Channel (2019-2032)
- 15.7 Asia-Pacific Compostable Packaging Market, by End-User (2019-2032)
- 15.8 Asia-Pacific Compostable Packaging Market, by Application (2019-2032)
- 15.9 Asia-Pacific Compostable Packaging Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA COMPOSTABLE PACKAGING MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Compostable Packaging Market, by Product (2019-2032)
- 16.4 South America Compostable Packaging Market, by Material (2019-2032)
- 16.5 South America Compostable Packaging Market, by Packaging Layer (2019-2032)
- 16.6 South America Compostable Packaging Market, by Distribution Channel (2019-2032)
- 16.7 South America Compostable Packaging Market, by End-User (2019-2032)
- 16.8 South America Compostable Packaging Market, by Application (2019-2032)
- 16.9 South America Compostable Packaging Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA COMPOSTABLE PACKAGING MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Compostable Packaging Market, by Product (2019-2032)
- 17.4 Middle East and Africa Compostable Packaging Market, by Material (2019-2032)
- 17.5 Middle East and Africa Compostable Packaging Market, by Packaging Layer (2019-2032)
- 17.6 Middle East and Africa Compostable Packaging Market, by Distribution Channel (2019-2032)
- 17.7 Middle East and Africa Compostable Packaging Market, by End-User (2019-2032)
- 17.8 Middle East and Africa Compostable Packaging Market, by Application (2019-2032)
- 17.9 Middle East and Africa Compostable Packaging Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Compostable Packaging Market, Company Share Analysis
- 18.2 North America Compostable Packaging Market, Company Share Analysis
- 18.3 Europe Compostable Packaging Market, Company Share Analysis
- 18.4 Asia-Pacific Compostable Packaging Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 BASF SE
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Biome Bioplastics Limited
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Bio-On
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Braskem (Brazil)
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Innovia Films Limited
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Mitsubishi Chemical Corporation
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 NatureWorks
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Novamont
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Plantic Technologies
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Toray Industries
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.