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.
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.
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.
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.
Beverage packaging
Personal and home care packaging
Electronic appliance packaging
Food packaging
Pharmaceuticals packaging
Others
Two materials - paper
Plastic.
Rocktenn, BASF
Mondi Group
Biopac UK Ltd
Reynolds Group Holding Limited
Novamont SPA
Amcor
Stora Enso
Kruger Inc
Rocktenn
Smurfit Kappa Group International Corp
Smurfit Kappa Group
Clearwater Paper Corporation
Berkley International Packaging.
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