PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1633096
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1633096
Global Biodegradable Lids Market Size study, by Material (Paperboard, Polylactic Acid, Bio-PET, Wheat Straw, Bagasse), by Application, by End User, by Design and Regional Forecasts 2022-2032
The Global Biodegradable Lids Market is valued approximately at USD 10.47 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.16% over the forecast period 2024-2032.Biodegradable lids are transforming the packaging industry by providing an eco-friendly alternative to conventional lids, which often rely on non-degradable plastics. These lids, crafted from materials such as paperboard, PLA, and bio-PET, align with global sustainability goals by reducing environmental impact. Their widespread adoption in the food and beverage, retail, and hospitality industries is driven by stringent regulations promoting biodegradable materials and a heightened awareness of sustainable practices among consumers and businesses.
The market's trajectory is supported by the burgeoning demand for sustainable packaging solutions, alongside government mandates to minimize single-use plastics. For instance, various nations have introduced policies banning non-biodegradable plastics and offering incentives for adopting eco-friendly alternatives. Additionally, advancements in manufacturing technologies for biodegradable materials, coupled with increasing consumer demand for eco-conscious products, are pivotal to market growth. However, challenges such as higher production costs and limited infrastructure for the disposal and recycling of biodegradable materials could impede market progress during the forecast period. Nonetheless, ongoing R&D investments and the development of cost-effective solutions are anticipated to mitigate these challenges.
Regional analysis indicates that North America dominates the biodegradable lids market, attributed to its robust regulatory framework supporting sustainable practices, coupled with widespread adoption by the food and beverage sector. The region's commitment to environmental sustainability and significant investment in biodegradable materials further bolsters its position. Meanwhile, the Asia Pacific region is expected to exhibit the fastest growth, fueled by rising environmental consciousness, government initiatives to curb plastic waste, and an expanding food and beverage industry. Key countries like China, India, and Japan are witnessing rapid adoption of biodegradable lids, creating a fertile ground for market expansion.
Major market players included in this report are:
- 3D Systems Corporation
- Organovo Holdings, Inc.
- Cyfuse Biomedical K.K.
- Advanced Solutions, Inc.
- CollPlant Biotechnologies Ltd.
- REGEMAT 3D S.L.
- Medprin Biotech GmbH
- Desktop Metal, Inc.
- The Bio Convergence Company
- Shining 3D
- Biome Bioplastics
- Ecovative Design LLC
- Vegware Ltd.
- Genpak LLC
- NatureWorks LLC
The detailed segments and sub-segment of the market are explained below:
By Material:
- Paperboard
- Polylactic Acid (PLA)
- Bio-PET
- Wheat Straw
- Bagasse
By Application:
- Coffee Cups
- Disposable Containers
- Glass Jars
- Bowls
- Plates
By End User:
- Food and Beverage Industry
- Retail Sector
- Hospitality Industry
- Household Consumers
By Design:
- Flat Lids
- Domed Lids
- Ventilated Lids
- Customized Designs
By Region: North America:
- U.S.
- Canada
Europe:
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa:
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Years considered for the study are as follows: Historical year - 2022 Base year - 2023 Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global Biodegradable Lids Market Executive Summary
- 1.1. Global Biodegradable Lids Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By Application
- 1.3.3. By End User
- 1.3.4. By Design
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Biodegradable Lids Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Biodegradable Lids Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Environmental Awareness
- 3.1.2. Regulatory Support for Sustainable Packaging
- 3.1.3. Technological Innovations in Biodegradable Materials
- 3.2. Market Challenges
- 3.2.1. Higher Production Costs
- 3.2.2. Limited Disposal and Recycling Infrastructure
- 3.3. Market Opportunities
- 3.3.1. Growth in the Food and Beverage Sector
- 3.3.2. Expansion in Emerging Markets
- 3.3.3. Advancements in Customizable Designs
Chapter 4. Global Biodegradable Lids Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Biodegradable Lids Market Size & Forecasts by Material 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Biodegradable Lids Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Paperboard
- 5.2.2. Polylactic Acid (PLA)
- 5.2.3. Bio-PET
- 5.2.4. Wheat Straw
- 5.2.5. Bagasse
Chapter 6. Global Biodegradable Lids Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Biodegradable Lids Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Coffee Cups
- 6.2.2. Disposable Containers
- 6.2.3. Glass Jars
- 6.2.4. Bowls
- 6.2.5. Plates
Chapter 7. Global Biodegradable Lids Market Size & Forecasts by Region 2022-2032
- 7.1. North America Biodegradable Lids Market
- 7.1.1. U.S. Biodegradable Lids Market
- 7.1.1.1. Material Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Biodegradable Lids Market
- 7.1.1. U.S. Biodegradable Lids Market
- 7.2. Europe Biodegradable Lids Market
- 7.2.1. U.K. Biodegradable Lids Market
- 7.2.2. Germany Biodegradable Lids Market
- 7.2.3. France Biodegradable Lids Market
- 7.2.4. Spain Biodegradable Lids Market
- 7.2.5. Italy Biodegradable Lids Market
- 7.2.6. Rest of Europe Biodegradable Lids Market
- 7.3. Asia-Pacific Biodegradable Lids Market
- 7.3.1. China Biodegradable Lids Market
- 7.3.2. India Biodegradable Lids Market
- 7.3.3. Japan Biodegradable Lids Market
- 7.3.4. Australia Biodegradable Lids Market
- 7.3.5. South Korea Biodegradable Lids Market
- 7.3.6. Rest of Asia Pacific Biodegradable Lids Market
- 7.4. Latin America Biodegradable Lids Market
- 7.4.1. Brazil Biodegradable Lids Market
- 7.4.2. Mexico Biodegradable Lids Market
- 7.4.3. Rest of Latin America Biodegradable Lids Market
- 7.5. Middle East & Africa Biodegradable Lids Market
- 7.5.1. Saudi Arabia Biodegradable Lids Market
- 7.5.2. South Africa Biodegradable Lids Market
- 7.5.3. Rest of Middle East & Africa Biodegradable Lids Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. 3D Systems Corporation
- 8.1.2. Organovo Holdings, Inc.
- 8.1.3. Cyfuse Biomedical K.K.
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. 3D Systems Corporation
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Organovo Holdings, Inc.
- 8.3.3. Cyfuse Biomedical K.K.
- 8.3.4. Advanced Solutions, Inc.
- 8.3.5. CollPlant Biotechnologies Ltd.
- 8.3.6. REGEMAT 3D S.L.
- 8.3.7. Medprin Biotech GmbH
- 8.3.8. Desktop Metal, Inc.
- 8.3.9. The Bio Convergence Company
- 8.3.10. Shining 3D
- 8.3.11. Biome Bioplastics
- 8.3.12. Ecovative Design LLC
- 8.3.13. Vegware Ltd.
- 8.3.14. Genpak LLC
- 8.3.15. NatureWorks LLC
- 8.3.1. 3D Systems Corporation
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
