European Biodegradable Packaging Materials Market Is Rowing At A CAGR Of 6.4% From 2022 To 2032
Europe Biodegradable Packaging Market Outlook
The European biodegradable packaging materials market is estimated at USD 2.94 Billion in 2022 and is forecast to surpass USD 5.5 Billion by 2032, growing at a CAGR of 6.4% from 2022 to 2032.
Growth in the European biodegradable packaging market is attributed to the rise in the use of Biodegradable Packaging for end use industries like food & Packaging, consumer goods, pharmaceuticals commercial along with the trend for the use of Biodegradable Packaging’s as Bags & boxes, propelling the market growth during the assessment years.
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Key Segments Covered in the Europe Biodegradable Packing Market Report
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Europe Biodegradable Packaging Market by Material Type :
- Paper and Paperboards Biodegradable Packaging Materials
- Coated Unbleached Kraft Paperboard
- Bleached Paperboard
- Molded Fiber Pulp Paperboard
- Recycled Paper Paperboard
- Plastic Biodegradable Packaging Materials
- Poly Lactic Acid (PLA)
- Polyhydroxybutyrate (PHB)
- Starch Based Plastic
- Fossil Based Polymer (PCL, PBAT, PBS etc.)
- Polyhydroxyalkanoates (PHA)
- Jute Biodegradable Packaging Materials
- Wood Biodegradable Packaging Materials
- Paper and Paperboards Biodegradable Packaging Materials
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Europe Biodegradable Packaging Market by Application :
- Biodegradable Packaging for Trays
- Biodegradable Packaging for Bags
- Biodegradable Packaging for Boxes
- Biodegradable Packaging for Clamshells
- Biodegradable Packaging for Films
- Biodegradable Packaging for Pouches
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Europe Biodegradable Packaging Market by End Use Industries :
- Biodegradable Packaging in the Food & Beverage Industry
- Biodegradable Packaging in the Cosmetics and Personal Care Products Industry
- Biodegradable Packaging in the Pharmaceuticals Industry
- Biodegradable Packaging in the Consumer Goods Industry
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Europe Biodegradable Packaging Market by Country :
- Germany
- Italy
- France
- Spain
- U.K.
- Russia
- BENELUX
- Rest of Europe
Competitive Landscape: Top Companies in Biodegradable Packaging Market
Key players in the European biodegradable packaging market are undertaking state-of-the-art manufacturing tools and are also focusing on collaborative activities with other market players in emerging economies along with investing highly in research and development to improve sustainability and reduce carbon emission.
- In April 2021, Smurfit Kappa, launched a new range of e-bottle packaging solutions for the growing online beverage market. This range is more sustainable made from recyclable raw material and is customizable according to bottle shapes and sizes. The company also offers a range of automated solutions that helps in the optimization of packaging processes.
- In May 2021, Amcor Limited announced that its team has created more sustainable packaging solutions for butter and margarine, which is made entirely from paper. The paper wrapper is 38% lighter than aluminium and paper packaging and reduces carbon footprint by 81%, thus, helping consumers meet sustainability goals.
