Compostable Packaging Materials Market – Overview
Compostable food packaging represents a sustainable, environmentally-friendly method of packaging. Against the backdrop of rising consciousness among consumers, the packaging industry has been hard-pressed to incorporate more sustainable solutions in their offerings, resulting into adoption of biodegradable and compostable packaging solutions. For instance, in May 2016, Novamont SpA, a bio-based plastics manufacturer launched enhanced versions of its Mater-Bi material – biodegradable and compostable bioplastics to be used primarily for fruit and vegetable bags. In June 2016, another new compostable packaging material launched for granola bars, potato chips, snacks, grains and dried foods by tipa-corp ltd.. Global compostable packaging materials market is anticipated to grow significantly in terms of value during the forecast period 2016 & 2024, owing to increasing demand from the end-use industries.
Get Sample Copy:
Compostable Packaging Materials Market – Regional Outlook:
Geographically, the compostable packaging materials market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). North America will continue to be the leading market for compostable packaging materials in terms of volume. However, Asia Pacific region is projected to be the fastest growing region, followed by Europe. Expansion and shipment of band sealing machines is expected to rise in the Asia Pacific region. Large scale foreign investment is also expected to rise in the region, and is anticipated to fuel the demand of compostable packaging materials over the forecast period. As the retail sector expands in developing countries such as BRICS, the market for band sealing machines is expected to advance significantly over the forecast period of 2016 - 2024.
Compostable Packaging Materials Market – Market Dynamics:
Compostable packaging refers to use of bioplastics in packaging materials. The global compostable packaging market is expected to witness a strong growth owing to the increasing consumer awareness about environmentally-friendly products. Other growth drivers for the compostable packaging market include increased focus on sustainable packaging by brand owners and retail companies, global rise in implementation of plastic bag bans, etc. Moreover, significant demand from food and beverage industry for compostable bags is also anticipated to boost demand for compostable packaging during the forecast period. However, compostable packaging materials has higher costs than traditional packaging materials, consequently compostable packaging materials is not getting wide acceptance, especially among the small and medium enterprises. However, increasing application in household and agriculture is expected to create significant opportunity to increase the revenue of the global compostable packaging materials market.
Grab an exclusive PDF Brochure of this report:
Compostable Packaging Materials Market – Major Players
There are a limited number of companies operating in the global compostable packaging market. Some of the major players identified across the globe in the compostable packaging materials market are Novamont SpA, tipa-corp ltd., BASF SE, Innovia Films Limited, Biome Bioplastics Limited, and NatureWorks LLC.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, packaging type, material and end-use.
Request For Customization:
Compostable Packaging Materials Market – Segmentation
On the basis of materials, compostable packaging materials market is segmented into,
- Starch-based packing
- Compostable Plastics
- compostable paper
Based on application, the key segments include
Key end-user segments are,
- Food & Beverage
- Others (Healthcare and electronics)
The Report covers exhaustive Analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends /Issues/Challenges
- Competition & Companies involved
Regional Analysis includes:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Read Our Latest Press Release:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Transparency Market Research State Tower,
90 State Street,
Albany NY – 12207
USA – Canada Toll Free: 866-552-3453