Precision Business Insights has published a report on the global compostable packaging market, estimating its value at USD 5,750 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/compostable-packaging-market
The Compostable Packaging Market includes packaging solutions built from materials that break down naturally into non-toxic components when composted. These materials, such as polylactic acid (PLA), cellulose, bamboo, and polyhydroxyalkanoates (PHA), are intended to degrade into carbon dioxide, water, and biomass without leaving toxic residues.
Drivers:
- Rising concern over plastic pollution and landfill waste is driving demand for eco-friendly packaging alternatives.
- Eco-conscious consumers increasingly favor brands using compostable packaging, influencing purchasing decisions and brand loyalty.
The global compostable packaging market segmentation:
1) By Material: Polylactic acid (PLA), Cellulose, Bamboo, Wood, Polyhydroxyalkanoate (PHA), and Others
2) By Product Type: Boxes and Containers, Bags & Pouches, Trays & Plates, Films & Wraps, Cups & Bowls, and Others
3) By End-use Industry: Food & Beverages, Healthcare & Pharmaceuticals, Retail & Consumer Goods, Personal Care and Cosmetics, and Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the compostable packaging market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the compostable packaging market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like TIPA Ltd, Rocktenn, Ultra-Green Sustainable Packaging, Özsoy Plastik, International Paper Company, Mondi, SmartSolve Industries, Tetra Pak International SA, Amcor plc, DS Smith, Klabin SA, WestRock Company, Hosgör Plastik, Smurfit Kappa, Rengo Co. Ltd, Stora Enso, BASF SE, Bemis Manufacturing Company, Clearwater Paper Corporation, Eurocell S.r.l
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