According to a market report by Lucintel, the future of the global compostable plastic packaging market looks promising with opportunities in the food service, cosmetic & personal care, homecare, and healthcare markets. The global compostable plastic packaging market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing awareness of plastic pollution's impact on ecosystems and human health, rising stringent government regulations, like bans on single-use plastics, and shifting consumer preferences towards sustainable options.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in compostable plastic packaging market to 2030 by material (PBAT, PBS, PLA, PHA, starch blends, and others), application (bags, pouches, boxes, bottles, cups, trays, plates & bowls, and others), end use (food service, cosmetics & personal care, homecare, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, bag, pouch, box, bottle, cup, tray, and plate & bowl are the major segments of compostable plastic packaging market by application. Lucintel forecasts that bag is expected to witness the highest growth over the forecast period due to its common usage by individuals for routine activities such as grocery shopping, takeout, and other packaging needs.
Within this market, food service is expected to witness the highest growth over the forecast period.
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Europe will remain the largest region over the forecast period due to rising stringent laws promoting environmentally friendly packaging and a well-established waste disposal and composting infrastructure in the region.
TIPA, Riverside Paper, SmartSolve, Özsoy Plastik, Ultra Green Sustainable Packaging, Hosgör Plastik, Eurocell, Tetra Pak International, Kruger, and Amcor are the major suppliers in the compostable plastic packaging market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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