The Biodegradable Packaging Market Size was valued at USD 472.80 billion in 2023 and is expected to reach USD 765.02 billion by 2031 and grow at a CAGR of 6.2% over the forecast period 2024-2031.
Fast-moving consumer goods (FMCG) companies and retailers have traditionally prioritized immediate gains, focusing on reducing packaging costs by favoring flexible packaging and pouches over rigid designs. However, there's been a recent paradigm shift as these entities pledge to reduce packaging waste, with the majority of top FMCG businesses committing to sustainability efforts. Amid industry trends such as cost pressures, e-commerce, and changing consumer tastes, a new approach to packaging solutions is emerging. The National Action Plan for Sustainable Plastic Management has established three key objectives regarding plastic management. These include achieving a 50% recycling rate for plastics by the end of 2025, reducing single-use plastic by 90% by the end of 2026, and decreasing plastic waste generation by 30% by 2030.
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Facing challenges in waste management and recyclables, FMCG players are now broadening their sustainability agenda through collaboration with upstream stakeholders, bio packaging firms, and recyclers. This shift towards partnership and collaboration is creating opportunities for bio packaging manufacturers, particularly agile converters capable of rapid innovation. Legislative changes and evolving consumer preferences have accelerated the shift away from plastic packaging for perishable goods. Citing Global Web Index, over 51% of consumers in the U.S. and U.K. have moved away from single-use plastics, with 40% prioritizing sustainable packaging when making purchases, influenced by the "Attenborough effect."
KEY DRIVERS:
Increasing awareness about the negative impact of plastic waste on the environment is driving the demand for biodegradable packaging solutions.
The global expansion of food delivery and takeout services, driven by busy lifestyles, has heightened the demand for biodegradable food packaging.
RESTRAIN:
Limitations in performance of biodegradable materials
Some biodegradable materials may not offer the same level of functionality, strength, and durability as traditional packaging materials, limiting their application in certain industries.
Numerous packaging materials contain BPA and benzene, both of which pose risks to human health.
OPPORTUNITY:
Ongoing research and innovation in biodegradable materials can lead to cost-effective and high-performance packaging solutions.
Due to the government's escalating initiatives, the compostable packaging market is expected to experience rapid growth
The compostable packaging market is poised for rapid growth due to the government's escalating measures to promote the production of biodegradable packaging materials. Additionally, increasing investments in sustainable packaging options will drive profitable expansion in the biodegradable packaging market. Furthermore, the emergence of new markets and strategic alliances will serve as market drivers, creating favorable opportunities for industry growth.
CHALLENGES:
Limited availability of composting facilities and recycling infrastructure for biodegradable packaging
Biodegradable packaging materials typically necessitate specific disposal methods, such as composting facilities, to effectively break down.
The potential impact of the Russia-Ukraine war on the biodegradable packaging market encompasses several dimensions. Supply chain disruptions arising from the region's role in producing key materials could lead to shortages and increased costs, affecting the availability of biodegradable packaging products. Price volatility may result from geopolitical uncertainties and supply chain challenges, posing difficulties for companies in maintaining stable pricing. To counter these risks, businesses might need to explore alternative sourcing options, potentially altering supplier relationships and cost structures. A protracted conflict's global economic repercussions could influence consumer spending and overall market demand for biodegradable packaging. Governments may implement policy changes affecting trade and regulations, necessitating careful monitoring by industry players. Consumer behavior may shift amid economic instability, impacting purchasing patterns despite sustained interest in sustainability. Additionally, geopolitical events can influence research and development priorities in the packaging industry, prompting companies to innovate for resilience and reduced dependence on affected regions.
The Biodegradable Packaging market is navigating the complexities of the ongoing economic slowdown, witnessing nuanced impacts across various facets. Reduced consumer spending, a hallmark of economic downturns, may affect non-essential sectors, potentially impacting the demand for biodegradable packaging. However, essential goods, particularly in food and healthcare, may sustain demand. Supply chain disruptions pose challenges, influencing raw material availability, production costs, and adoption rates. Fluctuations in raw material prices, a common outcome of economic slowdowns, can affect the cost-effectiveness of biodegradable packaging solutions. Short-term financial priorities amid economic challenges may slow investments in sustainable initiatives, impacting biodegradable packaging research and development.
The chart above provides a hypothetical representation of the impact of the ongoing economic slowdown on the Biodegradable Packaging market. Key trends include a dip in demand during the peak economic slowdown years (2020-2021), followed by a gradual recovery with improving economic conditions. Raw material prices display volatility, initially decreasing due to reduced demand, then increasing amid supply chain disruptions, and finally stabilizing as market conditions normalize. Investment in research and development for biodegradable solutions experiences a decline during the economic downturn, reflecting budget constraints and reprioritization, before showing a gradual increase as economic conditions improve.
By Material
Bio-Plastic
Polylactic Acid (PLA)
Cellulose-based
Starch-based
Polybutylene succinate
Others (Protein-based plastics etc.)
Bagasse
Paper & Paperboard
Kraft Paper
Flexible Paper
Corrugated Fiberboard
Boxboard
Biodegradable packaging manufacturers predominantly favor the paper & paperboard segment as the material of choice. This preference is due to paper being crafted from fully biodegradable wood pulp. It is anticipated that the biodegradable paper & paperboard packaging segment will account for approximately 82 % of the global biodegradable packaging market by the conclusion of 2032.
By Type
Recycled Content Packaging
Degradable Packaging
Reusable Packaging
Degradable packaging has taken the lead in the global market. Efforts from industry associations, brand owners, packaging companies, and other stakeholders to promote sustainability initiatives aimed at boosting recycling rates of various packaging materials will contribute to the segment's expansion.
By Packaging Format
Bottles & Jars
Labels & Tapes
Boxes & Cartons
Cans, Cups & Bowls
Trays & Clamshells
Pouches & Bags
Films & Wraps
Others
Boxes and cartons are projected to dominate the biodegradable packaging market during the forecast period. This is primarily due to the growing preference for rigid packaging, including boxes and cartons, across various end-use sectors.
By Application
Food & Beverages
Healthcare
Personal Care
The global biodegradable packaging market is primarily led by the food and beverage industry. Within this industry, convenience food holds a significant share due to its portability, extended shelf life, and simple manufacturing process. Convenience food categories encompass a range of products including frozen foods, snacks, finger foods, beverages, and more. These meal components are typically packaged in convenient, on-the-go containers and require minimal preparation time.
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By Distribution Channel
Wholesalers
Retailers
Distributors
Resellers
Because of increasing global demand for biodegradable packaging in the commercial food and beverage sector, the wholesalers sub-segment took the lead in the global market in 2023 and is expected to maintain its dominance throughout the forecast period.
The North America Biodegradable Packaging market emerged as the dominant force in the Biodegradable Packaging Market with share 41%. The growth of the biodegradable packaging materials market is expected to be fueled by U.S. Food Packaging Regulations set forth by the U.S. Food and Drug Administration (FDA). These regulations govern materials such as plastics and papers to ensure their safety for use, alongside increasing consumer consciousness of eco-friendly packaging. Moreover, the U.S. Biodegradable Packaging market captured the largest market share, while the Canadian Biodegradable Packaging market experienced the highest growth rate within the North American region.
During the forecast period, the European Biodegradable Packaging market is anticipated to experience a steady growth rate. Favorable government regulations and increasing consumer awareness regarding environmentally friendly packaging are expected to drive the demand for biodegradable packaging materials in Europe.
The Asia-Pacific region, driven by urbanization and a growing middle class, has seen rapid biodegradable packaging market growth, particularly in China and India, where environmental concerns are on the rise.
Latin America is gradually embracing biodegradable packaging due to consumer preferences for sustainability, with Brazil and Mexico showing notable market growth. However, the pace of adoption varies across countries.
In the Middle East and Africa, slower adoption is attributed to economic factors and limited consumer awareness, although some Middle Eastern countries are taking steps to reduce plastic waste, indicating potential growth in biodegradable packaging over time.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players in the Biodegradable Packaging Market are Amcor, Mondi Group, WestRock Company, Smurfit Kappa Group, International Paper Company, DS Smith Plc, Sealed Air Corporation, Stora Enso, Georgia-Pacific LLC, Evergreen Packaging and other players.
Amcor -Company Financial Analysis
Smurfit Kappa announced an investment of EUR 33 million at its Fortaleza plant, Brazil, to expand capacity for the production of Innovative and Sustainable Packaging on January 22, 2022.
Mondi invested US$ 285 million in corrugated packaging to speed up the company's growth plans, in March 2022.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 472.80 Billion |
| Market Size by 2031 | US$ 765.02 Billion |
| CAGR | CAGR of 6.2 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material [Bio-Plastic (Polylactic Acid (PLA), Cellulose-based, Starch-based, Polybutylene succinate, Others (Protein-based plastics etc.)), Bagasse, Paper & Paperboard (Kraft Paper, Flexible Paper, Corrugated Fiberboard, Boxboard)] • By Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging) • By Packaging Format (Bottles & Jars, Labels & Tapes, Boxes & Cartons, Cans, Cups & Bowls, Trays & Clamshells, Pouches & Bags, Films & Wraps, Others) • By Application (Food & Beverages, Healthcare, Personal Care) • By Distribution Channel(Wholesalers, Retailers, Distributors, Resellers, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Amcor, Mondi Group, WestRock Company, Smurfit Kappa Group, International Paper Company, DS Smith Plc, Sealed Air Corporation, Stora Enso, Georgia-Pacific LLC, Evergreen Packaging |
| Key Drivers | • Increasing awareness about the negative impact of plastic waste on the environment is driving the demand for biodegradable packaging solutions. • The global expansion of food delivery and takeout services, driven by busy lifestyles, has heightened the demand for biodegradable food packaging. |
| Opportunities | • Ongoing research and innovation in biodegradable materials can lead to cost-effective and high-performance packaging solutions. • Due to the government's escalating initiatives, the compostable packaging market is expected to experience rapid growth |
Ans: The Biodegradable Packaging Market is expected to grow at a CAGR of 6.2 %.
Ans: The Biodegradable Packaging Market size was USD 472.80 billion in 2023 and is expected to Reach USD 765.02 billion by 2031.
Ans: A key driver is the global expansion of food delivery and takeout services, driven by busy lifestyles, has heightened the demand for biodegradable food packaging.
Ans: Numerous packaging materials contain BPA and benzene, both of which pose risks to human health.
Ans: The Europe region held the largest market share and will continue to dominate the market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Biodegradable Packaging Market Segmentation, By Material
9.1 Introduction
9.2 Trend Analysis
9.3 Bio-Plastic
9.3.1 Polylactic Acid (PLA)
9.3.2 Cellulose-based
9.3.3 Starch-based
9.3.4 Polybutylene succinate
9.3.5 Others (Protein-based plastics etc.)
9.4 Bagasse
9.5 Paper & Paperboard
9.5.1 Kraft Paper
9.5.2 Flexible Paper
9.5.3 Corrugated Fiberboard
9.5.4 Boxboard
10. Biodegradable Packaging Market Segmentation, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Recycled Content Packaging
10.4 Degradable Packaging
10.5 Reusable Packaging
11. Biodegradable Packaging Market Segmentation, By Packaging Format
11.1 Introduction
11.2 Trend Analysis
11.3 Bottles & Jars
11.4 Labels & Tapes
11.5 Boxes & Cartons
11.6 Cans, Cups & Bowls
11.7 Trays & Clamshells
11.8 Pouches & Bags
11.9 Films & Wraps
11.10 Others
12. Biodegradable Packaging Market Segmentation, By Application
12.1 Introduction
12.2 Trend Analysis
12.3 Food & Beverages
12.4 Healthcare
12.5 Personal Care
13. Biodegradable Packaging Market Segmentation, By Distribution Channel
13.1 Introduction
13.2 Trend Analysis
13.3 Wholesalers
13.4 Retailers
13.5 Distributors
13.6 Resellers
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America Biodegradable Packaging Market By Country
14.2.3 North America Biodegradable Packaging Market By Material
14.2.4 North America Biodegradable Packaging Market By Type
14.2.5 North America Biodegradable Packaging Market By Packaging Format
14.2.6 North America Biodegradable Packaging Market By Application
14.2.7 North America Biodegradable Packaging Market By Distribution Channel
14.2.8 USA
14.2.8.1 USA Biodegradable Packaging Market By Material
14.2.8.2 USA Biodegradable Packaging Market By Type
14.2.8.3 USA Biodegradable Packaging Market By Packaging Format
14.2.8.4 USA Biodegradable Packaging Market By Application
14.2.8.5 USA Biodegradable Packaging Market By Distribution Channel
14.2.9 Canada
14.2.9.1 Canada Biodegradable Packaging Market By Material
14.2.9.2 Canada Biodegradable Packaging Market By Type
14.2.9.3 Canada Biodegradable Packaging Market By Packaging Format
14.2.9.4 Canada Biodegradable Packaging Market By Application
14.2.9.5 Canada Biodegradable Packaging Market By Distribution Channel
14.2.10 Mexico
14.2.10.1 Mexico Biodegradable Packaging Market By Material
14.2.10.2 Mexico Biodegradable Packaging Market By Type
14.2.10.3 Mexico Biodegradable Packaging Market By Packaging Format
14.2.10.4 Mexico Biodegradable Packaging Market By Application
14.2.10.5 Mexico Biodegradable Packaging Market By Distribution Channel
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe Biodegradable Packaging Market By Country
14.3.2.2 Eastern Europe Biodegradable Packaging Market By Material
14.3.2.3 Eastern Europe Biodegradable Packaging Market By Type
14.3.2.4 Eastern Europe Biodegradable Packaging Market By Packaging Format
14.3.2.5 Eastern Europe Biodegradable Packaging Market By Application
14.3.2.6 Eastern Europe Biodegradable Packaging Market By Distribution Channel
14.3.2.7 Poland
14.3.2.7.1 Poland Biodegradable Packaging Market By Material
14.3.2.7.2 Poland Biodegradable Packaging Market By Type
14.3.2.7.3 Poland Biodegradable Packaging Market By Packaging Format
14.3.2.7.4 Poland Biodegradable Packaging Market By Application
14.3.2.7.5 Poland Biodegradable Packaging Market By Distribution Channel
14.3.2.8 Romania
14.3.2.8.1 Romania Biodegradable Packaging Market By Material
14.3.2.8.2 Romania Biodegradable Packaging Market By Type
14.3.2.8.3 Romania Biodegradable Packaging Market By Packaging Format
14.3.2.8.4 Romania Biodegradable Packaging Market By Application
14.3.2.8.5 Romania Biodegradable Packaging Market By Distribution Channel
14.3.2.9 Hungary
14.3.2.9.1 Hungary Biodegradable Packaging Market By Material
14.3.2.9.2 Hungary Biodegradable Packaging Market By Type
14.3.2.9.3 Hungary Biodegradable Packaging Market By Packaging Format
14.3.2.9.4 Hungary Biodegradable Packaging Market By Application
14.3.2.9.5 Hungary Biodegradable Packaging Market By Distribution Channel
14.3.2.10 Turkey
14.3.2.10.1 Turkey Biodegradable Packaging Market By Material
14.3.2.10.2 Turkey Biodegradable Packaging Market By Type
14.3.2.10.3 Turkey Biodegradable Packaging Market By Packaging Format
14.3.2.10.4 Turkey Biodegradable Packaging Market By Application
14.3.2.10.5 Turkey Biodegradable Packaging Market By Distribution Channel
14.3.2.11 Rest of Eastern Europe
14.3.2.11.1 Rest of Eastern Europe Biodegradable Packaging Market By Material
14.3.2.11.2 Rest of Eastern Europe Biodegradable Packaging Market By Type
14.3.2.11.3 Rest of Eastern Europe Biodegradable Packaging Market By Packaging Format
14.3.2.11.4 Rest of Eastern Europe Biodegradable Packaging Market By Application
14.3.2.11.5 Rest of Eastern Europe Biodegradable Packaging Market By Distribution Channel
14.3.3 Western Europe
14.3.3.1 Western Europe Biodegradable Packaging Market By Country
14.3.3.2 Western Europe Biodegradable Packaging Market By Material
14.3.3.3 Western Europe Biodegradable Packaging Market By Type
14.3.3.4 Western Europe Biodegradable Packaging Market By Packaging Format
14.3.3.5 Western Europe Biodegradable Packaging Market By Application
14.3.3.6 Western Europe Biodegradable Packaging Market By Distribution Channel
14.3.3.7 Germany
14.3.3.7.1 Germany Biodegradable Packaging Market By Material
14.3.3.7.2 Germany Biodegradable Packaging Market By Type
14.3.3.7.3 Germany Biodegradable Packaging Market By Packaging Format
14.3.3.7.4 Germany Biodegradable Packaging Market By Application
14.3.3.7.5 Germany Biodegradable Packaging Market By Distribution Channel
14.3.3.8 France
14.3.3.8.1 France Biodegradable Packaging Market By Material
14.3.3.8.2 France Biodegradable Packaging Market By Type
14.3.3.8.3 France Biodegradable Packaging Market By Packaging Format
14.3.3.8.4 France Biodegradable Packaging Market By Application
14.3.3.8.5 France Biodegradable Packaging Market By Distribution Channel
14.3.3.9 UK
14.3.3.9.1 UK Biodegradable Packaging Market By Material
14.3.3.9.2 UK Biodegradable Packaging Market By Type
14.3.3.9.3 UK Biodegradable Packaging Market By Packaging Format
14.3.3.9.4 UK Biodegradable Packaging Market By Application
14.3.3.9.5 UK Biodegradable Packaging Market By Distribution Channel
14.3.3.10 Italy
14.3.3.10.1 Italy Biodegradable Packaging Market By Material
14.3.3.10.2 Italy Biodegradable Packaging Market By Type
14.3.3.10.3 Italy Biodegradable Packaging Market By Packaging Format
14.3.3.10.4 Italy Biodegradable Packaging Market By Application
14.3.3.10.5 Italy Biodegradable Packaging Market By Distribution Channel
14.3.3.11 Spain
14.3.3.11.1 Spain Biodegradable Packaging Market By Material
14.3.3.11.2 Spain Biodegradable Packaging Market By Type
14.3.3.11.3 Spain Biodegradable Packaging Market By Packaging Format
14.3.3.11.4 Spain Biodegradable Packaging Market By Application
14.3.3.11.5 Spain Biodegradable Packaging Market By Distribution Channel
14.3.3.12 Netherlands
14.3.3.12.1 Netherlands Biodegradable Packaging Market By Material
14.3.3.12.2 Netherlands Biodegradable Packaging Market By Type
14.3.3.12.3 Netherlands Biodegradable Packaging Market By Packaging Format
14.3.3.12.4 Netherlands Biodegradable Packaging Market By Application
14.3.3.12.5 Netherlands Biodegradable Packaging Market By Distribution Channel
14.3.3.13 Switzerland
14.3.3.13.1 Switzerland Biodegradable Packaging Market By Material
14.3.3.13.2 Switzerland Biodegradable Packaging Market By Type
14.3.3.13.3 Switzerland Biodegradable Packaging Market By Packaging Format
14.3.3.13.4 Switzerland Biodegradable Packaging Market By Application
14.3.3.13.5 Switzerland Biodegradable Packaging Market By Distribution Channel
14.3.3.14 Austria
14.3.3.14.1 Austria Biodegradable Packaging Market By Material
14.3.3.14.2 Austria Biodegradable Packaging Market By Type
14.3.3.14.3 Austria Biodegradable Packaging Market By Packaging Format
14.3.3.14.4 Austria Biodegradable Packaging Market By Application
14.3.3.14.5 Austria Biodegradable Packaging Market By Distribution Channel
14.3.3.15 Rest of Western Europe
14.3.3.15.1 Rest of Western Europe Biodegradable Packaging Market By Material
14.3.3.15.2 Rest of Western Europe Biodegradable Packaging Market By Type
14.3.3.15.3 Rest of Western Europe Biodegradable Packaging Market By Packaging Format
14.3.3.15.4 Rest of Western Europe Biodegradable Packaging Market By Application
14.3.3.15.5 Rest of Western Europe Biodegradable Packaging Market By Distribution Channel
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific Biodegradable Packaging Market By country
14.4.3 Asia-Pacific Biodegradable Packaging Market By Material
14.4.4 Asia-Pacific Biodegradable Packaging Market By Type
14.4.5 Asia-Pacific Biodegradable Packaging Market By Packaging Format
14.4.6 Asia-Pacific Biodegradable Packaging Market By Application
14.4.7 Asia-Pacific Biodegradable Packaging Market By Distribution Channel
14.4.8 China
14.4.8.1 China Biodegradable Packaging Market By Material
14.4.8.2 China Biodegradable Packaging Market By Type
14.4.8.3 China Biodegradable Packaging Market By Packaging Format
14.4.8.4 China Biodegradable Packaging Market By Application
14.4.8.5 China Biodegradable Packaging Market By Distribution Channel
14.4.9 India
14.4.9.1 India Biodegradable Packaging Market By Material
14.4.9.2 India Biodegradable Packaging Market By Type
14.4.9.3 India Biodegradable Packaging Market By Packaging Format
14.4.9.4 India Biodegradable Packaging Market By Application
14.4.9.5 India Biodegradable Packaging Market By Distribution Channel
14.4.10 Japan
14.4.10.1 Japan Biodegradable Packaging Market By Material
14.4.10.2 Japan Biodegradable Packaging Market By Type
14.4.10.3 Japan Biodegradable Packaging Market By Packaging Format
14.4.10.4 Japan Biodegradable Packaging Market By Application
14.4.10.5 Japan Biodegradable Packaging Market By Distribution Channel
14.4.11 South Korea
14.4.11.1 South Korea Biodegradable Packaging Market By Material
14.4.11.2 South Korea Biodegradable Packaging Market By Type
14.4.11.3 South Korea Biodegradable Packaging Market By Packaging Format
14.4.11.4 South Korea Biodegradable Packaging Market By Application
14.4.11.5 South Korea Biodegradable Packaging Market By Distribution Channel
14.4.12 Vietnam
14.4.12.1 Vietnam Biodegradable Packaging Market By Material
14.4.12.2 Vietnam Biodegradable Packaging Market By Type
14.4.12.3 Vietnam Biodegradable Packaging Market By Packaging Format
14.4.12.4 Vietnam Biodegradable Packaging Market By Application
14.4.12.5 Vietnam Biodegradable Packaging Market By Distribution Channel
14.4.13 Singapore
14.4.13.1 Singapore Biodegradable Packaging Market By Material
14.4.13.2 Singapore Biodegradable Packaging Market By Type
14.4.13.3 Singapore Biodegradable Packaging Market By Packaging Format
14.4.13.4 Singapore Biodegradable Packaging Market By Application
14.4.13.5 Singapore Biodegradable Packaging Market By Distribution Channel
14.4.14 Australia
14.4.14.1 Australia Biodegradable Packaging Market By Material
14.4.14.2 Australia Biodegradable Packaging Market By Type
14.4.14.3 Australia Biodegradable Packaging Market By Packaging Format
14.4.14.4 Australia Biodegradable Packaging Market By Application
14.4.14.5 Australia Biodegradable Packaging Market By Distribution Channel
14.4.15 Rest of Asia-Pacific
14.4.15.1 Rest of Asia-Pacific Biodegradable Packaging Market By Material
14.4.15.2 Rest of Asia-Pacific Biodegradable Packaging Market By Type
14.4.15.3 Rest of Asia-Pacific Biodegradable Packaging Market By Packaging Format
14.4.15.4 Rest of Asia-Pacific Biodegradable Packaging Market By Application
14.4.15.5 Rest of Asia-Pacific Biodegradable Packaging Market By Distribution Channel
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East Biodegradable Packaging Market By Country
14.5.2.2 Middle East Biodegradable Packaging Market By Material
14.5.2.3 Middle East Biodegradable Packaging Market By Type
14.5.2.4 Middle East Biodegradable Packaging Market By Packaging Format
14.5.2.5 Middle East Biodegradable Packaging Market By Application
14.5.2.6 Middle East Biodegradable Packaging Market By Distribution Channel
14.5.2.7 UAE
14.5.2.7.1 UAE Biodegradable Packaging Market By Material
14.5.2.7.2 UAE Biodegradable Packaging Market By Type
14.5.2.7.3 UAE Biodegradable Packaging Market By Packaging Format
14.5.2.7.4 UAE Biodegradable Packaging Market By Application
14.5.2.7.5 UAE Biodegradable Packaging Market By Distribution Channel
14.5.2.8 Egypt
14.5.2.8.1 Egypt Biodegradable Packaging Market By Material
14.5.2.8.2 Egypt Biodegradable Packaging Market By Type
14.5.2.8.3 Egypt Biodegradable Packaging Market By Packaging Format
14.5.2.8.4 Egypt Biodegradable Packaging Market By Application
14.5.2.8.5 Egypt Biodegradable Packaging Market By Distribution Channel
14.5.2.9 Saudi Arabia
14.5.2.9.1 Saudi Arabia Biodegradable Packaging Market By Material
14.5.2.9.2 Saudi Arabia Biodegradable Packaging Market By Type
14.5.2.9.3 Saudi Arabia Biodegradable Packaging Market By Packaging Format
14.5.2.9.4 Saudi Arabia Biodegradable Packaging Market By Application
14.5.2.9.5 Saudi Arabia Biodegradable Packaging Market By Distribution Channel
14.5.2.10 Qatar
14.5.2.10.1 Qatar Biodegradable Packaging Market By Material
14.5.2.10.2 Qatar Biodegradable Packaging Market By Type
14.5.2.10.3 Qatar Biodegradable Packaging Market By Packaging Format
14.5.2.10.4 Qatar Biodegradable Packaging Market By Application
14.5.2.10.5 Qatar Biodegradable Packaging Market By Distribution Channel
14.5.2.11 Rest of Middle East
14.5.2.11.1 Rest of Middle East Biodegradable Packaging Market By Material
14.5.2.11.2 Rest of Middle East Biodegradable Packaging Market By Type
14.5.2.11.3 Rest of Middle East Biodegradable Packaging Market By Packaging Format
14.5.2.11.4 Rest of Middle East Biodegradable Packaging Market By Application
14.5.2.11.5 Rest of Middle East Biodegradable Packaging Market By Distribution Channel
14.5.3 Africa
14.5.3.1 Africa Biodegradable Packaging Market By Country
14.5.3.2 Africa Biodegradable Packaging Market By Material
14.5.3.3 Africa Biodegradable Packaging Market By Type
14.5.3.4 Africa Biodegradable Packaging Market By Packaging Format
14.5.3.5 Africa Biodegradable Packaging Market By Application
14.5.3.6 Africa Biodegradable Packaging Market By Distribution Channel
14.5.3.7 Nigeria
14.5.3.7.1 Nigeria Biodegradable Packaging Market By Material
14.5.3.7.2 Nigeria Biodegradable Packaging Market By Type
14.5.3.7.3 Nigeria Biodegradable Packaging Market By Packaging Format
14.5.3.7.4 Nigeria Biodegradable Packaging Market By Application
14.5.3.7.5 Nigeria Biodegradable Packaging Market By Distribution Channel
14.5.3.8 South Africa
14.5.3.8.1 South Africa Biodegradable Packaging Market By Material
14.5.3.8.2 South Africa Biodegradable Packaging Market By Type
14.5.3.8.3 South Africa Biodegradable Packaging Market By Packaging Format
14.5.3.8.4 South Africa Biodegradable Packaging Market By Application
14.5.3.8.5 South Africa Biodegradable Packaging Market By Distribution Channel
14.5.3.9 Rest of Africa
14.5.3.9.1 Rest of Africa Biodegradable Packaging Market By Material
14.5.3.9.2 Rest of Africa Biodegradable Packaging Market By Type
14.5.3.9.3 Rest of Africa Biodegradable Packaging Market By Packaging Format
14.5.3.9.4 Rest of Africa Biodegradable Packaging Market By Application
14.5.3.9.5 Rest of Africa Biodegradable Packaging Market By Distribution Channel
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America Biodegradable Packaging Market By country
14.6.3 Latin America Biodegradable Packaging Market By Material
14.6.4 Latin America Biodegradable Packaging Market By Type
14.6.5 Latin America Biodegradable Packaging Market By Packaging Format
14.6.6 Latin America Biodegradable Packaging Market By Application
14.6.7 Latin America Biodegradable Packaging Market By Distribution Channel
14.6.8 Brazil
14.6.8.1 Brazil Biodegradable Packaging Market By Material
14.6.8.2 Brazil Biodegradable Packaging Market By Type
14.6.8.3 Brazil Biodegradable Packaging Market By Packaging Format
14.6.8.4 Brazil Biodegradable Packaging Market By Application
14.6.8.5 Brazil Biodegradable Packaging Market By Distribution Channel
14.6.9 Argentina
14.6.9.1 Argentina Biodegradable Packaging Market By Material
14.6.9.2 Argentina Biodegradable Packaging Market By Type
14.6.9.3 Argentina Biodegradable Packaging Market By Packaging Format
14.6.9.4 Argentina Biodegradable Packaging Market By Application
14.6.9.5 Argentina Biodegradable Packaging Market By Distribution Channel
14.6.10 Colombia
14.6.10.1 Colombia Biodegradable Packaging Market By Material
14.6.10.2 Colombia Biodegradable Packaging Market By Type
14.6.10.3 Colombia Biodegradable Packaging Market By Packaging Format
14.6.10.4 Colombia Biodegradable Packaging Market By Application
14.6.10.5 Colombia Biodegradable Packaging Market By Distribution Channel
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America Biodegradable Packaging Market By Material
14.6.11.2 Rest of Latin America Biodegradable Packaging Market By Type
14.6.11.3 Rest of Latin America Biodegradable Packaging Market By Packaging Format
14.6.11.4 Rest of Latin America Biodegradable Packaging Market By Application
14.6.11.5 Rest of Latin America Biodegradable Packaging Market By Distribution Channel
15. Company Profiles
15.1 Amcor
15.1.1 Company Overview
15.1.2 Financial
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Mondi Group
15.2.1 Company Overview
15.2.2 Financial
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 WestRock Company
15.3.1 Company Overview
15.3.2 Financial
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Smurfit Kappa Group
15.4.1 Company Overview
15.4.2 Financial
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 International Paper Company
15.5.1 Company Overview
15.5.2 Financial
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 DS Smith Plc
15.6.1 Company Overview
15.6.2 Financial
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Sealed Air Corporation
15.7.1 Company Overview
15.7.2 Financial
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Stora Enso
15.8.1 Company Overview
15.8.2 Financial
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Georgia-Pacific LLC
15.9.1 Company Overview
15.9.2 Financial
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Evergreen Packaging
15.10.1 Company Overview
15.10.2 Financial
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Plastic Caps & Closures Market size was USD 46.50 billion in 2022 and is expected to Reach USD 69.23 billion by 2030 and grow at a CAGR of 5.1 % over the forecast period of 2023-2030.
The Inclusive Packaging Market is rapidly growing, spurred by a focus on accessibility and convenience for diverse consumer groups, including those with disabilities and the elderly.
The Trash Bags Market size was USD 12.95 billion in 2023 and is expected to Reach USD 24.14 billion by 2031 and grow at a CAGR of 8.1% over the forecast period of 2024-2031.
The High Density Polyethylene Bottles (HDPE) Market size was USD 52.5 billion in 2022 and is expected to Reach USD 69.67 billion by 2030 and grow at a CAGR of 4.6 % over the forecast period of 2023-2030.
The Conical Top Bulk Bag Market was valued at USD 206.92 Billion in 2023 and expected to reach USD 376.51 Billion by 2031 and grow at a CAGR of 7.77% over the forecast period of 2024-2031.
The Sensormatic Labels Market is expected to grow at a CAGR of 15.71% over the forecast period of 2024-2031
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