Compostable Packaging Global Market Report 2024

Global Compostable Packaging Market Report 2024

Compostable Packaging Global Market Report 2024 – By Material (Polylactic Acid (PLA), Wheat Straw Fiber, Talc-Filled Polylactic Acid (TPLA) And Crystallized Polylactic Acid (CPLA), Cellulose, Bamboo, Polyhydroxyalkanoate (PHA), Other Materials), By Application (Bags, Pouches, Trays, Tapes, Mailer Bags, Films, Clamshells), By End Use (Food And Beverages, Pharmaceuticals, Personal Care And Cosmetics, Other End Uses) – Market Size, Trends, And Global Forecast 2024-2033

Name: Compostable Packaging Global Market Report 2024
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Compostable Packaging Global Market Report 2024

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Compostable Packaging Global Market Report 2024

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Compostable Packaging Market Definition

Compostable packaging refers to materials and products designed to break down into natural elements in a compost environment, leaving no toxic residue. They contribute to reducing waste and environmental impact by offering a sustainable alternative to traditional packaging materials.

The main compostable packaging materials are polylactic acid (PLA), wheat straw fiber, talc-filled polylactic acid (TPLA) and crystallized polylactic acid (CPLA), cellulose, bamboo, polyhydroxyalkanoate (PHA), and others. Polylactic acid (PLA) is a type of biodegradable plastic derived from renewable resources like corn starch or sugarcane. It is applied to bags, pouches, trays, tapes, mailer bags, films, and clamshells, and it is used by various end-use industries such as food and beverages, pharmaceuticals, personal care and cosmetics, and others.

Compostable Packaging Market Segmentation

The compostable packaging market covered in this report is segmented –

1) By Material: Polylactic Acid (PLA), Wheat Straw Fiber, Talc-Filled Polylactic Acid (TPLA) And Crystallized Polylactic Acid (CPLA), Cellulose, Bamboo, Polyhydroxyalkanoate (PHA), Other Materials

2) By Application: Bags, Pouches, Trays, Tapes, Mailer Bags, Films, Clamshells

3) By End Use: Food And Beverages, Pharmaceuticals, Personal Care And Cosmetics, Other End Uses

Global Compostable Packaging Market Size 2023 to 2028: Graph

Compostable Packaging Market Size 2024 And Growth Rate

The compostable packaging market size has grown strongly in recent years. It will grow from $85.65 billion in 2023 to $92.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increasing consumer awareness about environmental impact, the regulatory push towards reducing plastic waste, the rise of bio-based and renewable feedstocks for packaging materials, the growth of sustainable and eco-friendly product trends, and corporate sustainability initiatives and goals.

Compostable Packaging Market Growth Forecast

The compostable packaging market size is expected to see strong growth in the next few years. It will grow to $127.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to stricter regulations on plastic use and waste management, rising demand for sustainable packaging solutions from industries, increasing advancements in compostable packaging materials, growing food and beverage industry, and increasing investment and innovation in circular economy solutions. Major trends in the forecast period include expansion of composting infrastructure and facilities, integration of IoT and smart packaging in compostable products, advances in compostable materials technology, adoption of compostable packaging in e-commerce and food delivery sectors and shift towards multi-layer compostable films for better functionality and barrier properties.

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Compostable Packaging Market Driver: The Rising Food And Beverage Industry Fuels Growth In The Compostable Packaging Market

The increasing food and beverage industry is expected to propel the growth of the compostable packaging market going forward. The food and beverage industry encompasses the production, processing, distribution, and sale of edible goods and drinks for consumption. The food and beverage industry is growing due to the increasing global population, changing consumer preferences towards healthier and more convenient options, and innovation in product development and distribution channels. Compostable packaging is required in the food and beverage industry to reduce plastic pollution, meet consumer demand for environmentally friendly products, and comply with regulations promoting sustainable practices. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, the revenue from food and beverage sales reached $37.44 billion (SEK 334 billion), reflecting a 2.9% increase driven by a 2.5% rise in sales volume. Additionally, prices for food and beverages saw a slight 0.4% increase, contributing to this growth. Therefore, the increasing food and beverage industry is driving the growth of the compostable packaging market.

Global Compostable Packaging Market Major Players

Major companies operating in the compostable packaging market are BASF SE, Mitsubishi Chemical Corporation, WestRock Company, International Paper Company, Amcor Plc, Smurfit Kappa, Stora Enso, DS Smith, Mondi Plc, Rengo Co. Ltd, Huhtamaki Oyj, Klabin SA, Clearwater Paper Corporation, Holmen Iggesund, Carvajal Empaques S.A., Vegware Ltd., NatureWorks LLC, Plantic Technologies Ltd., Novamont SpA, SmartSolve LLC, TIPA Corp., Biome Technologies Plc, Total Corbion PLA BV, Reyma Oficial, Ultra-Green Packaging Inc.

Global Compostable Packaging Market Trend: Development Of Innovative Technologies And Eco-Friendly Designs In The Compostable Packaging Market

Major companies operating in the compostable packaging market are focusing on developing technologically advanced products, such as plastic-free packaging, to enhance the performance and sustainability of their packaging solutions. Plastic-free packaging refers to packaging solutions that do not contain any plastic materials, utilizing alternative sustainable materials to reduce environmental impact. For instance, in June 2021, BioPack Solutions, a UK-based packaging company, launched a range of plastic-free picnic packs. The unique feature of this packaging lies in its use of sugarcane pulp, a by-product of sugar production that is home-compostable, rapidly renewable, and biodegradable, enabling customers to enjoy completely waste-free gatherings. The new design also includes the product image printed on the box, eliminating the need for plastic windows.

Compostable Packaging Market Merger And Acquisition: TIPA Expands Sustainability Leadership With Bio4Pack Acquisition

In May 2023, TIPA Corp., an Israel-based manufacturer of compostable packaging solutions, acquired Bio4Pack for an undisclosed amount. TIPA's acquisition of Bio4Pack provides access to their expertise and product offerings, including paper packaging from agricultural waste, trays, and nets. Bio4Pack is a Germany-based manufacturer of compostable and sustainable packaging products.

Regional Insights For The Global Compostable Packaging Market

North America was the largest region in the compostable packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compostable packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the compostable packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The compostable packaging market consists of sales of food containers and takeout boxes, utensils and cutlery, and garment bags. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The compostable packaging market research report is one of a series of new reports from The Business Research Company that provides compostable packaging market statistics, including compostable packaging industry global market size, regional shares, competitors with a compostable packaging market share, detailed compostable packaging market segments, market trends and opportunities, and any further data you may need to thrive in the compostable packaging industry. This compostable packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Compostable Packaging Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$92.56 billion
Revenue Forecast In 2033	$127.08 billion
Growth Rate	CAGR of 8.2% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Material: Polylactic Acid (PLA), Wheat Straw Fiber, Talc-Filled Polylactic Acid (TPLA) And Crystallized Polylactic Acid (CPLA), Cellulose, Bamboo, Polyhydroxyalkanoate (PHA), Other Materials 2) By Application: Bags, Pouches, Trays, Tapes, Mailer Bags, Films, Clamshells 3) By End Use: Food And Beverages, Pharmaceuticals, Personal Care And Cosmetics, Other End Uses
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	BASF SE, Mitsubishi Chemical Corporation, WestRock Company, International Paper Company, Amcor Plc, Smurfit Kappa, Stora Enso, DS Smith, Mondi Plc, Rengo Co. Ltd, Huhtamaki Oyj, Klabin SA, Clearwater Paper Corporation, Holmen Iggesund, Carvajal Empaques S.A., Vegware Ltd., NatureWorks LLC, Plantic Technologies Ltd., Novamont SpA, SmartSolve LLC, TIPA Corp., Biome Technologies Plc, Total Corbion PLA BV, Reyma Oficial, Ultra-Green Packaging Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Compostable Packaging Market Characteristics

3. Compostable Packaging Market Trends And Strategies

4. Compostable Packaging Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Compostable Packaging Market Size and Growth

5.1. Global Compostable Packaging Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Compostable Packaging Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Compostable Packaging Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Compostable Packaging Market Segmentation

6.1. Global Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Polylactic Acid (PLA)

Wheat Straw Fiber

Talc-Filled Polylactic Acid (TPLA) And Crystallized Polylactic Acid (CPLA)

Cellulose

Bamboo

Polyhydroxyalkanoate (PHA)

Other Materials

6.2. Global Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Bags

Pouches

Trays

Tapes

Mailer Bags

Films

Clamshells

6.3. Global Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Food And Beverages

Pharmaceuticals

Personal Care And Cosmetics

Other End Uses

7. Compostable Packaging Market Regional And Country Analysis

7.1. Global Compostable Packaging Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Compostable Packaging Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Compostable Packaging Market

8.1. Asia-Pacific Compostable Packaging Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Compostable Packaging Market

9.1. China Compostable Packaging Market Overview

9.2. China Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Compostable Packaging Market

10.1. India Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Compostable Packaging Market

11.1. Japan Compostable Packaging Market Overview

11.2. Japan Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Compostable Packaging Market

12.1. Australia Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Compostable Packaging Market

13.1. Indonesia Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Compostable Packaging Market

14.1. South Korea Compostable Packaging Market Overview

14.2. South Korea Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Compostable Packaging Market

15.1. Western Europe Compostable Packaging Market Overview

15.2. Western Europe Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Compostable Packaging Market

16.1. UK Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Compostable Packaging Market

17.1. Germany Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Compostable Packaging Market

18.1. France Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Compostable Packaging Market

19.1. Italy Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Compostable Packaging Market

20.1. Spain Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Compostable Packaging Market

21.1. Eastern Europe Compostable Packaging Market Overview

21.2. Eastern Europe Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Compostable Packaging Market

22.1. Russia Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Compostable Packaging Market

23.1. North America Compostable Packaging Market Overview

23.2. North America Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Compostable Packaging Market

24.1. USA Compostable Packaging Market Overview

24.2. USA Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Compostable Packaging Market

25.1. Canada Compostable Packaging Market Overview

25.2. Canada Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Compostable Packaging Market

26.1. South America Compostable Packaging Market Overview

26.2. South America Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Compostable Packaging Market

27.1. Brazil Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Compostable Packaging Market

28.1. Middle East Compostable Packaging Market Overview

28.2. Middle East Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Compostable Packaging Market

29.1. Africa Compostable Packaging Market Overview

29.2. Africa Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Compostable Packaging Market Competitive Landscape And Company Profiles

30.1. Compostable Packaging Market Competitive Landscape

30.2. Compostable Packaging Market Company Profiles

30.2.1. BASF SE

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Mitsubishi Chemical Corporation

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. WestRock Company

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. International Paper Company

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Amcor Plc

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Compostable Packaging Market Other Major And Innovative Companies

31.1. Smurfit Kappa

31.2. Stora Enso

31.3. DS Smith

31.4. Mondi Plc

31.5. Rengo Co. Ltd

31.6. Huhtamaki Oyj

31.7. Klabin SA

31.8. Clearwater Paper Corporation

31.9. Holmen Iggesund

31.10. Carvajal Empaques S.A.

31.11. Vegware Ltd.

31.12. NatureWorks LLC

31.13. Plantic Technologies Ltd.

31.14. Novamont SpA

31.15. SmartSolve LLC

32. Global Compostable Packaging Market Competitive Benchmarking

33. Global Compostable Packaging Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Compostable Packaging Market

35. Compostable Packaging Market Future Outlook and Potential Analysis

35.1 Compostable Packaging Market In 2028 - Countries Offering Most New Opportunities

35.2 Compostable Packaging Market In 2028 - Segments Offering Most New Opportunities

35.3 Compostable Packaging Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Compostable Packaging Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Compostable Packaging Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: BASF SE Financial Performance

Table 75: Mitsubishi Chemical Corporation Financial Performance

Table 76: WestRock Company Financial Performance

Table 77: International Paper Company Financial Performance

Table 78: Amcor Plc Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Compostable Packaging Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Compostable Packaging Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Compostable Packaging Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Compostable Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Compostable Packaging Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: BASF SE Financial Performance

Figure 75: Mitsubishi Chemical Corporation Financial Performance

Figure 76: WestRock Company Financial Performance

Figure 77: International Paper Company Financial Performance

Figure 78: Amcor Plc Financial Performance

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Frequently Asked Questions

What is the definition of the compostable packaging market?

How will the compostable packaging market drivers and restraints affect the compostable packaging market dynamics? What forces will shape the compostable packaging industry going forward?

The compostable packaging market major growth driver - The Rising Food And Beverage Industry Fuels Growth In The Compostable Packaging Market. For further insights on the compostable packaging market, request a sample here

What is the forecast market size or the forecast market value of the compostable packaging market?

The compostable packaging market size has grown strongly in recent years. It will grow from $85.65 billion in 2023 to $92.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increasing consumer awareness about environmental impact, the regulatory push towards reducing plastic waste, the rise of bio-based and renewable feedstocks for packaging materials, the growth of sustainable and eco-friendly product trends, and corporate sustainability initiatives and goals. The compostable packaging market size is expected to see strong growth in the next few years. It will grow to $127.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to stricter regulations on plastic use and waste management, rising demand for sustainable packaging solutions from industries, increasing advancements in compostable packaging materials, growing food and beverage industry, and increasing investment and innovation in circular economy solutions. Major trends in the forecast period include expansion of composting infrastructure and facilities, integration of IoT and smart packaging in compostable products, advances in compostable materials technology, adoption of compostable packaging in e-commerce and food delivery sectors and shift towards multi-layer compostable films for better functionality and barrier properties. For further insights on the compostable packaging market, request a sample here

How is the compostable packaging market segmented?

The compostable packaging market is segmented
1) By Material: Polylactic Acid (PLA), Wheat Straw Fiber, Talc-Filled Polylactic Acid (TPLA) And Crystallized Polylactic Acid (CPLA), Cellulose, Bamboo, Polyhydroxyalkanoate (PHA), Other Materials
2) By Application: Bags, Pouches, Trays, Tapes, Mailer Bags, Films, Clamshells
3) By End Use: Food And Beverages, Pharmaceuticals, Personal Care And Cosmetics, Other End UsesFor further insights on the compostable packaging market, request a sample here

Which region has the largest share of the compostable packaging market? What are the other regions covered in the report?

North America was the largest region in the compostable packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compostable packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the compostable packaging market, request a sample here.

Who are the major players in the compostable packaging market?

What are the key trends in the compostable packaging market?

Major trend in the compostable packaging market - Development Of Innovative Technologies And Eco-Friendly Designs In The Compostable Packaging Market. For further insights on the compostable packaging market, request a sample here.

What are the major opportunities in the compostable packaging market? What are the strategies for the compostable packaging market?

For detailed insights on the major opportunities and strategies in the compostable packaging market, request a sample here.

How does the compostable packaging market relate to the overall economy and other similar markets?

For detailed insights on compostable packaging market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the compostable packaging industry?

For detailed insights on the mergers and acquisitions in the compostable packaging industry, request a sample here.

What are the key dynamics influencing the compostable packaging market growth? SWOT analysis of the compostable packaging market.

For detailed insights on the key dynamics influencing the compostable packaging market growth and SWOT analysis of the compostable packaging industry, request a sample here.