U.S. and Europe Biodegradable Plastic Packaging Market 2030, By Plastics (Polylactic Acid (PLA), Cellulose-based, Starch-based, Polybutylene succinate, and Others), Packaging (Bottles & Jars, Boxes & Cartons, Cans, Trays & Clamshells, Cups & Bowls, Pouches & Bags, Films & Wraps, Labels & Tapes, and Others), End Use - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Packaging | Pages : 184 Pages | Published On : Mar 2024

         
     

The US & Europe Biodegradable Plastic Packaging Market was valued USD 1.42 Billion in 2023 and projected to reach USD 6.6 Billion by 2030, growing at a CAGR of 24.5% during the forecast period of 2023-2030.

U.S. and Europe Biodegradable Plastic Packaging Market Size


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             2019                         2023-2030      

ReportDetails
Market Size ValueUSD 1.42 Billion in 2023
Market Size ValueUSD 6.6 Billion by 2030
CAGR24.5%
Forecast Period2023-2030
Historic Data2019
Forecast UnitsValue (USD Million/USD Billion)
Segments CoveredPlastics, Packaging, End-user and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the U.S. & Europe Biodegradable Plastic Packaging Market: Amcor PLC, Berry Global, Coveris, DS Smith PLC, Mondi PLC, Novamont S.p.A, Sealed Air, Smurfit Kappa Group PLC, Tetra Pak International SA, Plastic Suppliers Inc, and Others.

Market Overview

The Biodegradable Plastic Market is witnessing rapid expansion in both the U.S. and Europe, driven by the escalating demand for recyclable and environmentally friendly alternatives, particularly in the packaging sector. These innovative solutions possess the unique ability to degrade or convert into natural materials under microbial action. Whether fossil- or bio-based, biodegradable polymers are commonly derived from natural resources and produced using eco-friendly manufacturing techniques, aligning with the sustainability goals of both the U.S. and European markets. End-use industries, including Food & Beverage, Personal Care & Cosmetics, Pharmaceuticals, and Homecare, extensively utilize products from the expanding Biodegradable Plastic Market for packaging purposes. Notably, the food packaging industry in both the U.S. and Europe widely embraces biodegradable packaging materials to promote eco-friendly practices. The adoption of these materials is anticipated to accelerate due to international and regional regulations aimed at mitigating ecological risks associated with overflowing landfills. Moreover, the increasing demand for sustainable solutions aligns seamlessly with the push towards adopting eco-conscious lifestyles in both the U.S. and Europe. Anticipated growth in the Biodegradable Plastic Market is also expected in the beverage sector, driven by the sustained demand for bottled water and non-alcoholic beverages in both regions. Factors such as the desire for high-quality drinking water, concerns about contaminated tap water, and the convenience of bottled water contribute to the continued demand in these sectors.

Environmental Regulations and Consumer Awareness

The primary drivers for the Biodegradable Plastic Market is the increasing stringency of environmental regulations and growing consumer awareness of the detrimental impacts of traditional plastics. Governments worldwide are enacting policies and regulations to reduce single-use plastics, mitigate plastic pollution, and promote sustainable alternatives. Consumer awareness of environmental issues is also on the rise, leading to a growing demand for eco-friendly products. Biodegradable plastics, being a sustainable alternative, are well-positioned to capitalize on these trends. As consumers become more conscious of their ecological footprint, the demand for biodegradable plastics is expected to continue rising, providing a significant impetus to market growth.

Market Dynamics

Drivers:

  • Environmental Regulations and Consumer Awareness
  • Innovation in Biodegradable Plastic Technologies

Opportunities:

  • Regulatory Support and Government Initiatives
  • Growing Consumer Awareness and Demand

Regulatory Support and Government Initiatives

A significant factor offering new opportunities to the U.S. and Europe Biodegradable Plastic Market is the increasing regulatory support and government initiatives aimed at curbing the environmental impact of traditional plastics. Governments worldwide are actively implementing policies to restrict single-use plastics, incentivize the use of biodegradable alternatives, and establish frameworks for sustainable waste management. This legislative landscape creates a favorable environment for biodegradable plastics, presenting an opportunity for market growth. As regulatory pressures continue to mount, businesses are compelled to adopt eco-friendly practices, and the demand for biodegradable plastics is poised to rise in response to these supportive measures.

U.S. dominates the market for US & Europe Biodegradable Plastic Packaging

Polylactic Acid (PLA) stands as a pivotal driving force in the U.S. & Europe Biodegradable Plastic Market, spearheading the transition towards more sustainable and eco-friendly alternatives. PLA is a biodegradable polymer derived from renewable resources such as corn starch or sugarcane, making it inherently environmentally friendly. As governments and consumers U.S. & Europe intensify their focus on reducing single-use plastics and adopting sustainable practices, the demand for PLA has surged significantly. Its ability to break down into non-toxic components under controlled conditions, such as those found in industrial composting facilities, positions PLA as a preferred choice for environmentally conscious industries. PLA's influence extends beyond its eco-friendly nature. Its versatility in processing and molding makes it an attractive option for manufacturers seeking alternatives to conventional plastics. The material can be shaped into various forms, allowing for creative and diverse applications. From flexible packaging to rigid containers, PLA adapts to a wide array of product requirements. PLA fulfills this requirement, providing consumers with a viable and sustainable option that addresses their environmental concerns.

The Polylactic Acid (PLA) Segments is anticipated to hold the Largest Market Share during the Forecast Period

In the U.S. & Europe Biodegradable Plastic Packaging Market, the Packaging segment comprises various categories such as Polylactic Acid (PLA), Cellulose-based, Starch-based, Polybutylene succinate and Others. Polylactic Acid (PLA) stands as a pivotal driving force in the U.S. & Europe Biodegradable Plastic Market, spearheading the transition towards more sustainable and eco-friendly alternatives. PLA is a biodegradable polymer derived from renewable resources such as corn starch or sugarcane, making it inherently environmentally friendly. Its popularity and widespread adoption stem from its versatile applications across various industries, including packaging, textiles, disposable tableware, and even medical implants. One of the key factors propelling PLA to the forefront is its commendable biodegradability and compostability. PLA can undergo decomposition through natural processes, offering a solution to the persistent environmental issue of plastic pollution. As governments and consumers U.S. & Europely intensify their focus on reducing single-use plastics and adopting sustainable practices, the demand for PLA has surged significantly. Its ability to break down into non-toxic components under controlled conditions, such as those found in industrial composting facilities, positions PLA as a preferred choice for environmentally conscious industries.

Segmentations Analysis of U.S. & Europe Biodegradable Plastic Packaging Market: -

  • By Plastics Type
    • Polylactic Acid (PLA)
    • Cellulose-based
    • Starch-based
    • Polybutylene succinate
    • Others
  • By Packaging
    • Bottles & Jars
    • Boxes & Cartons
    • Cans, Trays & Clamshells
    • Cups & Bowls
    • Pouches & Bags
    • Films & Wraps
    • Labels & Tapes
    • Others
  • By End Use
    • Food & Beverage
    • Personal Care & Cosmetics
    • Pharmaceuticals
    • Homecare
    • Others
  • By Region
    • U.S.
      • Northeast U.S.
      • Southwest U.S.
      • West U.S.
      • Southeast U.S.
      • Midwest U.S.
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe

Recent Developments

  • In May 2023, TotalEnergies Corbion and Bluepha Co. Ltd signed a Memorandum of Understanding (MoU) to expedite the adoption of PLA/PHA-based solutions in the Chinese market. The collaboration aims to advance the development of various high-performance biopolymer offerings by combining TotalEnergies Corbion's Luminy Polylactic Acid (PLA) technology with Bluepha Polyhydroxyalkanoates (PHA).

U.S. & Europe Biodegradable Plastic Packaging Market Report Gives Answers to Following Key Questions:

  • What will be the U.S. & Europe Biodegradable Plastic Packaging Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of U.S. & Europe Biodegradable Plastic Packaging Market?
  • What are the main forces behind the U.S. & Europe Biodegradable Plastic Packaging Market? Which companies dominate the U.S. & Europe Biodegradable Plastic Packaging Market?
  • Which companies dominate the U.S. & Europe Biodegradable Plastic Packaging Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the U.S. & Europe biodegradable plastic packaging industry's suppliers' opportunities and dangers in U.S. & Europe Biodegradable Plastic Packaging Market?
  • What is the U.S. & Europe biodegradable plastic packaging industry’s sales, income, and pricing analysis? In the U.S. & Europe Biodegradable Plastic Packaging Market, who are the distributors, traders, and resellers?
  • What are the main areas for various trades that are anticipated to have astounding expansion over the U.S. & Europe Biodegradable Plastic Packaging Market?
  • What are the main areas for various industries that are anticipated to observe an astounding expansion in U.S. & Europe Biodegradable Plastic Packaging Market?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main U.S. & Europe Biodegradable Plastic Packaging Market trends that are influencing the market's expansion?
  • Which key product categories dominate the U.S. & Europe Biodegradable Plastic Packaging Market? What are the U.S. & Europe Biodegradable Plastic Packaging Market’s main applications?
  • In the coming years, which U.S. & Europe Biodegradable Plastic Packaging Market technology will dominate the market?

Reason to purchase this U.S. & Europe Biodegradable Plastic Packaging Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global U.S. & Europe Biodegradable Plastic Packaging Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different U.S. & Europe Biodegradable Plastic Packaging Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global U.S. & Europe Biodegradable Plastic Packaging Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global U.S. & Europe Biodegradable Plastic Packaging Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top U.S. & Europe Biodegradable Plastic Packaging Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

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