Market Overview:
The global compostable packaging materials 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 the benefits of compostable packaging materials over traditional packaging materials, and the rising demand for sustainable and environment-friendly products. The compostable plastics segment is expected to account for the largest share of the global compostable packaging materials market in 2018, followed by the compostable paper segment. The growth in this segment can be attributed to their high durability and resistance to degradation. In terms of application, food & beverage is expected to account for the largest share of the global compostable packaging materials market in 2018, followed by household applications. The growth in these segments can be attributed to factors such as rising consumer awareness about environmental sustainability and growing demand for biodegradable products.
Product Definition:
Compostable packaging materials are those that can be broken down by microorganisms into basic elements like carbon dioxide and water, as well as minerals. This process, called composting, occurs naturally in the environment. Compostable packaging is important because it helps reduce the amount of waste sent to landfills and incinerators.
Compostable Plastics:
Compostable plastics are the type of plastic that can be broken down by microorganisms in the compost pile and return to original form. Compostable plastics include polyethylene, polypropylene, polystyrene, nylon & polyester and high-density Polyethylene (HDPE). HDPE has been dominating this market due to its properties such as low cost & high strength.
Compostable Paper:
Compostable paper is a type of biodegradable packaging material that can be composted along with the food waste in municipal solid waste landfills or home composts. Compostable paper is manufactured from plant cellulose, which is derived from wood as well as non-wood sources such as straw and cereal grass. Cellulose acetate and cellulose nitrate are the most common raw materials used for manufacturing these products.
Application Insights:
The food and beverage application segment led the global compostable packaging materials market in 2017. This is attributed to rising demand for packaged food products across the globe. The European Commission has approved seven bio-based Compostable Packaging Materials (CPMs) under the Biopolymer Program, which will help manufacturers meet growing consumer needs for sustainable packaging solutions over there.
Food and beverage was followed by household applications owing to increasing demand from consumers for sustainable alternatives in packaging of home care products such as cleaners, paints, pesticides and fertilizers among others. Increasing awareness regarding environment protection coupled with pressure from environmental groups is expected to drive growth over there too.
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, on account of rising demand for food-grade packaging from various end-use industries.
Asia Pacific is projected to be one of the fastest growing markets due to rapid urbanization and industrialization along with an increase in per capita income levels among consumers and producers.
The agriculture sector contributes significantly toward economic growth through its impact on rural economies, employment generation, foreign exchange generation, environmental services provisioning etc.
Growth Factors:
- Increasing awareness about the benefits of compostable packaging materials among consumers and businesses.
- Rising demand for sustainable and environment-friendly packaging solutions from food and beverage companies.
- Growing popularity of composting as a waste management solution among municipalities and local governments.
- Proliferation of zero-waste initiatives across various industries, which is driving the demand for compostable packaging materials.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compostable Packaging Materials 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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Compostable Packaging Materials Market Report Segments:
The global Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 packaging materials are made from natural or recycled materials that can be composted.
Some of the key players operating in the compostable packaging materials 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 Packaging Materials 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 Packaging Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials Market Size & Forecast, 2018-2028
4.5.1 Compostable Packaging Materials Market Size and Y-o-Y Growth
4.5.2 Compostable Packaging Materials Market Absolute $ Opportunity
Chapter 5 Global Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials Analysis and Forecast
9.1 Introduction
9.2 North America Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compostable Packaging Materials 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 Packaging Materials 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 Packaging Materials 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 Packaging Materials Market: Competitive Dashboard
14.2 Global Compostable Packaging Materials 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.
