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Europe Biodegradable paper & plastic packaging Market-By Type (Plastic, Paper), By Country – UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe, By Application (Biodegradable Paper, Plastic Packaging Market (Pharmaceuticals packaging, Beverage packaging, Food Packaging, Home care packaging, Electronic Appliance packaging, and others.), By Region - Industry Analysis, Share, Size, Trends, Growth, and Forecast (2023-2028)

Published: March, 2023
ID: 7654
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Biodegradable Paper & Plastic Packaging Market Size (2023-2028):

Europe Biodegradable Paper & Plastic Packaging Market size was about USD 3.82 Billion in 2022. It is expected to rise at a CAGR of 15.67% to reach USD 6.85 Billion by 2028.

Ecological concern is an essential factor contributing to market development. The biodegradable materials effortlessly degrade, subsequently, the odds of the earth getting contaminated are less. Significant packaging enterprises are expanding the utilization of biodegradable packaging, keeping in mind the end goal is to develop eco-friendly solutions as well as to retain consumer loyalty. Numerous makers have shifted their concentration from customary packaging strategies to biodegradable packaging. The food packaging and beverage packaging industry assume an indispensable part in driving the worldwide biodegradable paper and plastic market. Biodegradable plastics are utilized on an expansive scale in the materials, pharmaceuticals, and consumer merchandise industries.

Europe Biodegradable Paper & Plastic Packaging Market Drivers:

The food packaging and beverage sector offers a significant push in driving the regional biodegradable paper and plastic packaging market. Be that as it may, the absence is relied upon to control the development of the market. Rising customer awareness toward eco-friendly products is estimated to be a major factor driving the market, and shifting customer preference from artificial products to cleaner and eco-friendly alternatives is expected to boost market expansion over the foreseen period. The sufficient availability of raw materials is another factor presumed to increase biodegradable paper and plastic packaging calls in Europe in the coming years. The call for biodegradable paper & plastic packaging is rising in Europe owing to the increasing awareness among the population related to environment-friendly packaging and is applicable for a range of the businesses like pharmaceutical, food, healthcare, and environmental.

Europe Biodegradable Paper & Plastic Packaging Market Restraints:

Great prices compared to conventional plastic are restraining the market, as biodegradable plastic is made from plant starch material and its decomposition requires particular conditions such as temperature, bacteria, humidity, etc., that may not be present in most dump yards and landfills, and it adds up to high expense.

Europe Biodegradable Paper & Plastic Packaging Market Opportunities:

The Europe biodegradable paper and plastics packaging market is estimated to showcase a much quicker expansion in the coming years. The biodegradable paper and plastics market is a moderately latest market anyway, and it has to catch the present speed of the non-biodegradable paper and plastic bundling market.

The food and beverage business is mainly dependent on packaging materials by utilizing various kinds of plastics. It is considered the most accurate and beneficial content for the safety of food products. Individuals have started the consumption of biodegradable packaging materials for carrying food items. Hence, the call for the biodegradable paper & plastic packaging market is rising. Europe biodegradable paper & plastic packaging market is anticipated to show a healthy CAGR of 9.1% in the forecast period, owing to the growing demand for environment-friendly packaging in the beverage business across Europe. Considering the country’s high economic expansion and sizable population, such eco-friendly initiatives provide a high potential for biodegradable beverage packaging in the future.

Market segmentation:

Europe Biodegradable Paper & Plastic Packaging Market-By Application:

  • Beverage packaging

  • Personal and home care packaging

  • Electronic appliance packaging

  • Food packaging

  • Pharmaceuticals packaging

  • Others

Europe Biodegradable Paper & Plastic Packaging Market-By Type:

  • Two materials - paper

  • Plastic.

Europe Biodegradable Paper & Plastic Packaging Market-Region:

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Europe Biodegradable Paper & Plastic Packaging Market Key Players:

  1. Ranpak Corp
  2. Rocktenn, BASF

  3. Mondi Group

  4. Biopac UK Ltd

  5. Reynolds Group Holding Limited

  6. Novamont SPA

  7. Amcor

  8. Stora Enso

  9. Kruger Inc

  10. Rocktenn

  11. Smurfit Kappa Group International Corp

  12. Smurfit Kappa Group

  13. Clearwater Paper Corporation

  14. Berkley International Packaging.

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