Global Compostable Packaging Market Size Study, by Material (Cellulose, Bamboo), by Application (Cosmetics, Pharmaceuticals), and Regional Forecasts 2022-2032

Description

The Global Compostable Packaging Market, valued at approximately USD 74.01 billion in 2023, is poised to expand significantly, registering a robust CAGR of 6.50% during the forecast period 2024-2032. Compostable packaging, a groundbreaking solution in sustainable materials, is revolutionizing the way industries address environmental concerns. With the growing emphasis on eco-friendly practices, compostable packaging materials like cellulose and bamboo are replacing traditional plastics in various applications, combining functionality with sustainability.

The surge in demand for cosmetics and pharmaceutical packaging is a pivotal driver for this market's growth. The shift towards eco-conscious consumers seeking products with minimal environmental footprints has catalyzed the adoption of compostable alternatives. Furthermore, advancements in material engineering are enabling manufacturers to enhance the durability and performance of compostable packaging while maintaining its biodegradability. This dual functionality positions the market as a critical enabler of circular economies.

Despite the promising potential, challenges such as higher production costs and limited recycling infrastructure in certain regions impede market expansion. However, ongoing innovations in material processing technologies and strategic collaborations among stakeholders are expected to overcome these barriers. Governments globally are also incentivizing the adoption of compostable packaging through regulatory frameworks and subsidies, ensuring a steady market evolution.

Regionally, Europe dominates the compostable packaging market, driven by stringent environmental regulations and a strong commitment to sustainability across industries. North America follows closely, bolstered by increasing investments in green technologies and heightened consumer awareness. The Asia-Pacific region is anticipated to exhibit the highest growth rate, attributed to rapid industrialization, urbanization, and rising demand for sustainable packaging solutions in countries such as China, India, and Japan.

Major market players included in this report are:

BASF SE
Amcor plc
TIPA Compostable Packaging
Mondi Group
WestRock Company
Stora Enso Oyj
NatureWorks LLC
Novamont S.p.A.
Futamura Chemical Co. Ltd.
UPM-Kymmene Corporation
Smurfit Kappa Group plc
DS Smith Plc
Berry Global Inc.
Huhtamaki Oyj
Sealed Air Corporation

The detailed segments and sub-segment of the market are explained below:

By Material:

Cellulose
Bamboo

By Application:

Cosmetics
Pharmaceuticals

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:

Comprehensive market estimates and forecasts for a decade.
Detailed regional and segment-level analyses.
Insights into competitive dynamics and major player strategies.
Examination of emerging opportunities and market challenges.
Strategic recommendations for stakeholders to harness growth potential.

Chapter 1. Global Compostable Packaging Market Executive Summary

1.1. Global Compostable Packaging Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Compostable Packaging 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 Compostable Packaging Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand from Cosmetics Sector
- 3.1.2. Growth in Pharmaceutical Packaging
- 3.1.3. Advancements in Sustainable Materials
3.2. Market Challenges
- 3.2.1. Higher Production Costs
- 3.2.2. Limited Recycling Infrastructure
3.3. Market Opportunities
- 3.3.1. Innovations in Material Processing Technologies
- 3.3.2. Strategic Collaborations Among Stakeholders
- 3.3.3. Regulatory Policies Promoting Circular Economies

Chapter 4. Global Compostable Packaging 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 Compostable Packaging Market Size & Forecasts by Material 2022-2032

5.1. Segment Dashboard
5.2. Global Compostable Packaging Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Cellulose
- 5.2.2. Bamboo

Chapter 6. Global Compostable Packaging Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Compostable Packaging Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Cosmetics
- 6.2.2. Pharmaceuticals

Chapter 7. Global Compostable Packaging Market Size & Forecasts by Region 2022-2032

7.1. North America Compostable Packaging Market
- 7.1.1. U.S. Compostable Packaging Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Material Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Compostable Packaging Market
  - 7.1.2.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Material Breakdown Size & Forecasts, 2022-2032
7.2. Europe Compostable Packaging Market
- 7.2.1. UK Compostable Packaging Market
- 7.2.2. Germany Compostable Packaging Market
- 7.2.3. France Compostable Packaging Market
- 7.2.4. Spain Compostable Packaging Market
- 7.2.5. Italy Compostable Packaging Market
- 7.2.6. Rest of Europe Compostable Packaging Market
7.3. Asia Pacific Compostable Packaging Market
- 7.3.1. China Compostable Packaging Market
- 7.3.2. India Compostable Packaging Market
- 7.3.3. Japan Compostable Packaging Market
- 7.3.4. Australia Compostable Packaging Market
- 7.3.5. South Korea Compostable Packaging Market
- 7.3.6. Rest of Asia Pacific Compostable Packaging Market
7.4. Latin America Compostable Packaging Market
- 7.4.1. Brazil Compostable Packaging Market
- 7.4.2. Mexico Compostable Packaging Market
- 7.4.3. Rest of Latin America Compostable Packaging Market
7.5. Middle East & Africa Compostable Packaging Market
- 7.5.1. Saudi Arabia Compostable Packaging Market
- 7.5.2. South Africa Compostable Packaging Market
- 7.5.3. Rest of Middle East & Africa Compostable Packaging Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Amcor plc
- 8.1.3. TIPA Compostable Packaging
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 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. Amcor plc
- 8.3.3. TIPA Compostable Packaging
- 8.3.4. Mondi Group
- 8.3.5. WestRock Company
- 8.3.6. Stora Enso Oyj
- 8.3.7. NatureWorks LLC
- 8.3.8. Novamont S.p.A.
- 8.3.9. Futamura Chemical Co. Ltd.
- 8.3.10. UPM-Kymmene Corporation
- 8.3.11. Smurfit Kappa Group plc
- 8.3.12. DS Smith Plc
- 8.3.13. Berry Global Inc.
- 8.3.14. Huhtamaki Oyj
- 8.3.15. Sealed Air 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