The European biodegradable packaging materials market is estimated at USD 2.94 Billion in 2022 and is forecast to surpass USD 5.5 Billion by 2032, growing at a CAGR of 6.4% from 2022 to 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Europe Biodegradable Packaging market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Europe Biodegradable Packaging market.
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Key findings of the Europe Biodegradable Packaging market study:
- Regional breakdown of the Europe Biodegradable Packaging market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Europe Biodegradable Packaging vendors in detail.
- Region-wise and country-wise fragmentation of the Europe Biodegradable Packaging market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Europe Biodegradable Packaging market.
Key Companies Profiled
- Amcor Plc.
- Smurfit Kappa
- Sealed Air
- International Paper
- Mondi Group PLC
- WestRock Company
- Tetra Pak International S.A
- DS Smith
- Kruger Inc.
- Toray Plastics Inc.
Competitive Landscape
Key players in the European biodegradable packaging market are undertaking state-of-the-art manufacturing tools and are also focusing on collaborative activities with other market players in emerging economies along with investing highly in research and development to improve sustainability and reduce carbon emission.
- In April 2021, Smurfit Kappa, launched a new range of e-bottle packaging solutions for the growing online beverage market. This range is more sustainable made from recyclable raw material and is customizable according to bottle shapes and sizes. The company also offers a range of automated solutions that helps in the optimization of packaging processes.
- In May 2021, Amcor Limited announced that its team has created more sustainable packaging solutions for butter and margarine, which is made entirely from paper. The paper wrapper is 38% lighter than aluminium and paper packaging and reduces carbon footprint by 81%, thus, helping consumers meet sustainability goals.
Key Trends:
- Growing Environmental Awareness: Consumers in Europe were becoming increasingly conscious of environmental issues, including plastic pollution and waste. This heightened awareness was driving demand for sustainable packaging solutions, including biodegradable options.
- Stringent Regulations: European Union (EU) regulations were expected to become more stringent regarding single-use plastics and packaging waste. This regulatory environment was encouraging the adoption of biodegradable packaging materials as a means to meet these requirements.
- Shift from Single-Use Plastics: Businesses in Europe were exploring alternatives to traditional single-use plastics, such as biodegradable plastics made from renewable sources like cornstarch or sugarcane. This shift was driven by both regulatory pressure and consumer demand.
- Circular Economy Initiatives: The concept of a circular economy, where materials are reused, recycled, or composted, was gaining traction in Europe. Biodegradable packaging fits well into this framework as it can be composted, potentially reducing the burden on landfills.
- Innovations in Materials: Research and development efforts were focused on creating new biodegradable materials that are not only environmentally friendly but also meet performance standards. Improved durability and barrier properties were among the areas of innovation.
- Retail and Food Service Adoption: Major retailers and food service providers were exploring biodegradable packaging options to align with sustainability goals and respond to customer preferences for eco-friendly products.
- E-commerce Packaging: With the growth of e-commerce in Europe, there was an increased demand for sustainable packaging solutions that reduce waste generated from online shopping. Biodegradable packaging options were being explored to address this issue.
- Consumer Education: Brands and organizations were investing in educating consumers about the benefits and proper disposal methods of biodegradable packaging. This education aimed to ensure that consumers play an active role in the success of these sustainable packaging solutions.
- Market Consolidation: The biodegradable packaging market in Europe was seeing some consolidation as larger players acquired smaller companies with specialized expertise in sustainable packaging materials and technologies.
- Supply Chain Sustainability: Companies were increasingly looking to ensure the sustainability of their entire supply chains, including packaging. This involved assessing the environmental impact of raw materials, production processes, transportation, and end-of-life disposal.
Key Segments Covered in the Europe Biodegradable Packing Market Report
- by Material Type :
- Paper and Paperboards
- Coated Unbleached Kraft Paperboard
- Bleached Paperboard
- Molded Fiber Pulp Paperboard
- Recycled Paper Paperboard
- Plastic Biodegradable Packaging Materials
- Poly Lactic Acid (PLA)
- Polyhydroxybutyrate (PHB)
- Starch Based Plastic
- Fossil Based Polymer (PCL, PBAT, PBS etc.)
- Polyhydroxyalkanoates (PHA)
- Jute
- Wood
- Paper and Paperboards
- by Application :
- Trays
- Bags
- Boxes
- Clamshells
- Films
- Pouches
- by End Use Industries :
- Food & Beverage Industry
- Cosmetics and Personal Care Products Industry
- Pharmaceuticals Industry
- Consumer Goods Industry
- by Country :
- Germany
- Italy
- France
- Spain
- U.K.
- Russia
- BENELUX
- Rest of Europe
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Queries addressed in the Europe Biodegradable Packaging market report:
- Why are the Europe Biodegradable Packaging market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Europe Biodegradable Packaging market?
- Which regions are displaying the fastest growth in the Europe Biodegradable Packaging market?
- What are the underlying micro- macroeconomic factors affecting the global Europe Biodegradable Packaging market?
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