Compostable Packaging Market to Experience Substantial Growth of USD 75013.52 Million and is expected to Undergo a CAGR of 6.20% Forecast by 2029

TORONTO, Nov. 2, 2022 /PRNewswire/ -- Data Bridge Market Research has just released their extensive report on the "Compostable Packaging Market" which details the industry's past, present, and future in terms of both products and marketing. They also detail current and projected market trends, sales and distribution channels, and technological and economic developments. The market research report, such as this Compostable Packaging market report, plays a chief role in developing and enhancing the strategies for sales, advertising, marketing, and promotion. To carry out competitive analysis, various strategies of the major players in the market have been considered that range from new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others which lead to an ascend of their footprints in the market. Compostable Packaging market research report identifies as well as analyses the emerging trends along with major driving factors, challenges and opportunities in the market for Compostable Packaging industry.

Data Bridge Market Research analyses that the compostable packaging market was valued at USD 46360.00 million in 2021 and is expected to reach USD 75013.52 million by 2029, registering a CAGR of 6.20 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.    

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Compostable products are those products which can biodegrade and disintegrate into natural elements such as biomass, water, and carbon dioxide in a composting environment and leaving no harmful element in the soil. The compostable plastic packaging material contains PBS, PBAT, PHA, PLA, starch blends. These compostable mimic conventional plastic's positive qualities, such as shelf stability, barrier properties, durability, etc., with one difference, i.e. these materials are fully compostable. Compostable material are providing nutrients to the earth when it has completely broken down. In order for packaging material and products to qualify as compostable, they must completely decompose and break down into natural elements within a short time after disposal.

With increasing consumer demand for compostable materials, companies are developing eco-friendly packaging to satisfy their consumers and focus on improving the world. APP Sinar Mas as one of the leading company of pulp and paper which has brought an advanced eco-friendly solution in the food and beverage packaging market.  Foopak Bio Natura is also designed eco-friendly paperboard that takes inspiration from nature. It is appropriate for food packaging and single-use cup. Compostable packaging represents a sustainable, eco-friendly process of packaging.

The government's rising initiatives for manufacturing compostable materials for the packaging are expected to accelerate the compostable packaging market. The increasing investments for these packaging solutions will also provide the profitable opportunities for the growth of the compostable packaging market. Furthermore, increase in emerging new markets and strategic collaborations will also act as market drivers and further increase useful opportunities for the market's growth rate.

Some of the major players operating in the Compostable Packaging market are:

• TIPA Ltd (Israel)
• SmartSolve Industries (US)
• Özsoy Plastik (Turkey)
• Ultra-Green Sustainable Packaging (US)
• Hoşgör Plastik (Turkey)
• Eurocell S.r.l (UK)
• Tetra Pak International SA (Switzerland)
• (US), Kruger Inc. (Canada)
• Amcor PLC (Switzerland)
• Mondi (UK)
• International Paper Company (US)
• Smurfit Kappa (US)
• DS Smith (UK)
• Klabin SA (Brazil)
• Rengo Co. Ltd (Japan)
• WestRock Company (US)
• Stora Enso (Sweden)
• Bemis manufacturing company (US)
• Rocktenn (US)
• BASF SE (Germany)
• Clearwater Paper Corporation (US)

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Key Drivers: Compostable Packaging Market

• Rise the demand in food industry

The compostable packaging in the food and beverage industry is expected to witness the market's growth due to the nonstop demand for bottled water and non-alcoholic beverages in the market. The demand for bottled water is attributed to customers' propensity for specifically demanding high-quality drinking water due to the fear of diseases resulting from drinking polluted tap water, and the ease of convenience and portability provided by bottled water

• Awareness of packaging waste in landfills and oceans

The awareness of packaging waste leakage in public, especially for plastic waste, into the environment has augmented considerably during past years. This has enforced to increase the demand for sustainable effort from brand retailers and owners to choose compostable packaging materials which are expected to increase the demand of compostable packaging in the market

• Increase the demand of ecofriendly packaging

Increasing awareness regarding environmental packaging across the developed countries is growing the adoption rate of compostable packaging in large companies, for example the Coca-Cola Company, Unilever Group, and Danone. These companies are adopting compostable packaging to retain their customer base, which is driving the compostable packaging industry globally

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• This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
• It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
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• The report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges

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Key Industry Segmentation: Compostable Packaging Market

By Product

• Bags
• Trays
• Cups
• Plates
• Films
• Lids
• Straws
• Cutlery
• Bowls
• Clamshells
• Pouches and Sachets

By Material

• Plastic
• Paper and Paperboard

By Packaging Layer

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

By Distribution Channel

• B2B
• Supermarkets/Hypermarkets
• Departmental Stores
• Convenience Stores
• Specialty Stores
• E-commerce

By End-User

• Food and Beverages
• Medical
• Automotive
• Electrical and Electronics
• Agriculture
• Textile Goods
• Personal and Home Care
• Chemical

Regional Analysis/Insights: Compostable Packaging Market

The countries covered in the compostable packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

During the forecast period, North America dominates the compostable packaging market in terms of revenue and market share. This is due to the growing demand for compostable packaging in this region. The Asia-Pacific region leads the compostable packaging market due to favourable regulations from the government and increased awareness among the consumers within this region.

During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to significant demand from various end user industries and government emphasis on efficient packaging management.

Table of Contents:

1.  Introduction

2.  Market Segmentation

3.  Executive Summary

4.  Premium Insights

5.  Global Compostable Packaging Market Regulations

6.  Market Overview

7.  Global Compostable Packaging Market, By Component

8.  Global Compostable Packaging Market, By Gene Type

9.  Global Compostable Packaging Market, By Gene Synthesis Type

10.  Global Compostable Packaging Market, By Application

11.  Global Compostable Packaging Market, By Method

12.  Global Compostable Packaging Market, By End User

13.  Global Compostable Packaging Market, By Distribution Channel

14.  Global Compostable Packaging Market, By Region

15.  Global Compostable Packaging Market: Company Landscape

16.  SWOT Analyses

17.  Company Profile

18.  Questionnaires

19.  Related Reports

To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-compostable-packaging-market

Explore More Reports:

Asia-Pacific Compostable Packaging Market By Product Type (Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, Clamshells, Pouches & Sachets, Others), Material (Plastic, Paper & Paperboard, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others), End-User (Food & Beverages, Medical, Automotive, Electrical & Electronics, Agriculture, Textile Goods, Personal & Home Care, Chemical, Others), Country (China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific) https://www.databridgemarketresearch.com/reports/asia-pacific-compostable-packaging-market

Europe Compostable Packaging Market By Product Type (Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, Clamshells, Pouches & Sachets, Others), Material (Plastic, Paper & Paperboard, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others), End-User (Food & Beverages, Medical, Automotive, Electrical & Electronics, Agriculture, Textile Goods, Personal & Home Care, Chemical, Others), Country (Germany, France, U.K., Italy, Russia, Spain, Switzerland, Belgium, Netherlands, Turkey, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-compostable-packaging-market

Middle East & Africa Compostable Packaging Market By Product Type (Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, Clamshells, Pouches & Sachets, Others), Material (Plastic, Paper & Paperboard, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others), End-User (Food & Beverages, Medical, Automotive, Electrical & Electronics, Agriculture, Textile Goods, Personal & Home Care, Chemical, Others), Country (U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-compostable-packaging-market

North America Compostable Packaging Market By Product Type (Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, Clamshells, Pouches & Sachets, Others), Material (Plastic, Paper & Paperboard, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others), End-User (Food & Beverages, Medical, Automotive, Electrical & Electronics, Agriculture, Textile Goods, Personal & Home Care, Chemical, Others), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-compostable-packaging-market

Compostable Foodservice Packaging Market, By Type (Plates, Trays, Bowls, Cups, Clamshell, Cutlery, Pouches and Sachets, Other), Material (Plastic, Paper and Paperboard, Others), Packaging Type (Flexible, Rigid), End Use (Chain Restaurants, Non-chain Restaurants, Chain Café, Non-Chain Café, Delivery Catering, Independent Stalls and Kiosks, and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-compostable-foodservice-packaging-market

Compostable Food Service Packaging Market, By Packaging Type (Plates, Trays, Bowls, Cups, Clamshell, Cutlery, Pouches & Sachets, Others), Material (Plastic, Paper & Paperboard, Others), End- User (Chain Restaurants, Non- Chain Restaurants, Chain Café, Non- Chain Café, Delivery Catering, Independent Sellers & Kiosks, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-compostable-food-service-packaging-market

Compostable Biodegradable Refuse Bag Market, By Capacity (7-20 Gallons, 20-30 Gallons, 30-40 Gallons, 40-55 Gallons, Above 55 Gallons), Product Type (Biodegradable, Compostable), Material Type (Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), PBS, PBAT, Starch Blends, Cellophane, Paper), Thickness (0-0.7 mil, 7-0.9 mil, 9-1.5 mil, Above 1.5 mil), End-Use (Retail and Consumer, Industrial, Institutional) https://www.databridgemarketresearch.com/reports/global-compostable-biodegradable-refuse-bag-market

Compostable Shrink Wrap Market, By Material (PLA (Polylactic Acid), PHA (Polyhydroxyalkanoates), Starch blends and Other Biodegradable Polymers), Product Type (Unprinted and Printed), Applications (Food Packaging, Industrial Packaging, Personal Care and Cosmetics, Agriculture and Horticulture), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-compostable-shrink-wrap-market

U.S. Compostable Foodservice Packaging Market, By Product (Bags, Cups, Pouches & Sachets, Bowls, Trays, Plates, Clamshells, Cutlery, Straws, Lids, Films, Others), Material (Plastic, Paper & board, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores, Specialty Stores, E-Commerce, Others), End-User (Fruits & Vegetables, Dairy Products, Bakery & Confectionary, Meat, Fish & Poultry, Convenience Food, Sauces, Dressings & Condiments, Others) https://www.databridgemarketresearch.com/reports/us-compostable-foodservice-packaging-market

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