Market Overview:
The global compostable materials for packaging market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about environmental sustainability and the need for reducing greenhouse gas emissions. In addition, the growing demand for compostable materials from food & beverage and household applications is also contributing to the growth of this market. On the basis of type, compostable plastics accounted for a major share of the global compostable materials for packaging market in 2017. This can be attributed to their high biodegradability and recyclability properties. However, compostable paper is expected to grow at a higher CAGR during the forecast period as it offers several advantages over traditional plastics such as low carbon footprint and better print quality.
Product Definition:
Compostable materials are natural or synthetic materials that can be broken down by microorganisms into simple, stable compounds in a short period of time. The composting process returns these materials to the earth as beneficial nutrients for plants. Compostable packaging is made from compostable materials and is designed to break down and return to the earth in a composting environment.
Compostable Plastics:
Compostable plastics are the type of plastic that can be broken down by microorganisms in the compost bin and turn into a nutrient-rich soil amendment. Compostable plastics include polyethylene, polypropylene, polystyrene, high impact polystyrene (PS), expanded Polystyrene (EPS), and others.
Compostable Paper:
Compostable paper is a type of biodegradable packaging material that can be composted or recycled along with the help of anaerobic decomposition process. The product has high strength and stiffness, which makes it ideal for use in packaging applications. It also offers excellent moisture resistance, making it suitable for use as a primary packing material in food & beverage and pharmaceutical industries.
Application Insights:
The food and beverage application segment led the global compostable materials for packaging market in 2017. This is attributed to growing demand for packaged food as a result of rapid urbanization, rising disposable income, changing lifestyles, and increasing consumption of fast foods. The growth of this application segment is also driven by stringent government regulations regarding the disposal of food waste in landfills due to concerns over odor pollution and environmental degradation.
In addition, companies such as General Mills are investing significantly in order to reduce their carbon footprint by adopting renewable sources including recycled paper for packaging products such as cereals & grains along with biodegradable plastics like polylactic acid (PLA) that are derived from plants. Furthermore, initiatives taken by companies including PepsiCo have shown significant progress toward achieving sustainable packaging solutions while maintaining quality standards required by consumers worldwide.
Regional Analysis:
Europe dominated the global market in 2017 owing to stringent regulations regarding waste management and disposal. The region is expected to witness a CAGR of XX% over the forecast period, with Germany being the major contributor to regional growth.
The Asia Pacific market was valued at USD X million in 2017 and is projected to grow at a significant rate during the forecast years on account of rising disposable income coupled with growing population expansion in emerging economies such as China and India.
In North America, Mexico accounted for more than 80% share of exports followed by U.S.
Growth Factors:
- Increasing awareness about the benefits of compostable materials for packaging among consumers and businesses.
- Rising demand for sustainable and environmentally friendly packaging solutions.
- Growing popularity of composting as a waste management method.
- Proliferation of zero-waste initiatives across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compostable Materials for Packaging Market Research Report
By Type
Compostable Plastics, Compostable Paper
By Application
Food & Beverage, Household, Agriculture, Pharmaceuticals, Others
By Companies
Novamont SpA, Tipa-corp ltd., BASF SE, Innovia Films Limited, Biome Bioplastics Limited, NatureWorks LLC.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Compostable Materials for Packaging Market Report Segments:
The global Compostable Materials for Packaging market is segmented on the basis of:
Types
Compostable Plastics, Compostable Paper
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Household, Agriculture, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Novamont SpA
- Tipa-corp ltd.
- BASF SE
- Innovia Films Limited
- Biome Bioplastics Limited
- NatureWorks LLC.
Highlights of The Compostable Materials for Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Compostable Plastics
- Compostable Paper
- By Application:
- Food & Beverage
- Household
- Agriculture
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compostable Materials for Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compostable materials are materials that can be composted.
Some of the major players in the compostable materials for packaging market are Novamont SpA, Tipa-corp ltd., BASF SE, Innovia Films Limited, Biome Bioplastics Limited, NatureWorks LLC..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compostable Materials for Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compostable Materials for Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compostable Materials for Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compostable Materials for Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compostable Materials for Packaging Market Size & Forecast, 2018-2028
4.5.1 Compostable Materials for Packaging Market Size and Y-o-Y Growth
4.5.2 Compostable Materials for Packaging Market Absolute $ Opportunity
Chapter 5 Global Compostable Materials for Packaging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Compostable Materials for Packaging Market Size Forecast by Type
5.2.1 Compostable Plastics
5.2.2 Compostable Paper
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Compostable Materials for Packaging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Compostable Materials for Packaging Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Household
6.2.3 Agriculture
6.2.4 Pharmaceuticals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compostable Materials for Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compostable Materials for Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Compostable Materials for Packaging Analysis and Forecast
9.1 Introduction
9.2 North America Compostable Materials for Packaging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Compostable Materials for Packaging Market Size Forecast by Type
9.6.1 Compostable Plastics
9.6.2 Compostable Paper
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Compostable Materials for Packaging Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Household
9.10.3 Agriculture
9.10.4 Pharmaceuticals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Compostable Materials for Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe Compostable Materials for Packaging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Compostable Materials for Packaging Market Size Forecast by Type
10.6.1 Compostable Plastics
10.6.2 Compostable Paper
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Compostable Materials for Packaging Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Household
10.10.3 Agriculture
10.10.4 Pharmaceuticals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Compostable Materials for Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compostable Materials for Packaging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Compostable Materials for Packaging Market Size Forecast by Type
11.6.1 Compostable Plastics
11.6.2 Compostable Paper
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Compostable Materials for Packaging Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Household
11.10.3 Agriculture
11.10.4 Pharmaceuticals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Compostable Materials for Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Compostable Materials for Packaging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Compostable Materials for Packaging Market Size Forecast by Type
12.6.1 Compostable Plastics
12.6.2 Compostable Paper
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Compostable Materials for Packaging Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Household
12.10.3 Agriculture
12.10.4 Pharmaceuticals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Compostable Materials for Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compostable Materials for Packaging Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Compostable Materials for Packaging Market Size Forecast by Type
13.6.1 Compostable Plastics
13.6.2 Compostable Paper
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Compostable Materials for Packaging Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Household
13.10.3 Agriculture
13.10.4 Pharmaceuticals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compostable Materials for Packaging Market: Competitive Dashboard
14.2 Global Compostable Materials for Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Novamont SpA
14.3.2 Tipa-corp ltd.
14.3.3 BASF SE
14.3.4 Innovia Films Limited
14.3.5 Biome Bioplastics Limited
14.3.6 NatureWorks LLC.
