Biodegradable Packaging Materials Key Players and their Developments
The global biodegradable packaging materials market reached US$ 225 billion in 2024 and is projected to hit around US$ 364.76 billion by 2034, expanding at a CAGR of 4.95% during the forecast period from 2024 to 2034. Integration of AI and technology will contribute to market growth.
Top Companies in Biodegradable Packaging Materials Market
- Amcor PLC
- Smurfit WestRock
- Sonoco Products Company
- Mondi Group
- Sealed Air Corporation
- Huhtamaki Oyj.
- International Paper Company
- Dart Container Corporation
- DS Smith Plc
- Duni AB
- Shako Plastick
- Tetra Pak
- Bio Futura B.V.
- Nupik-flo UK Ltd.
- Klabin S.A.
- Gascogne Papier SAS
- Segezha Group
- Empresas Cmpc S.A.
- Vegware Ltd.
- BillerudKorsnäs AB
Monthly Count of Records for Biodegradable Packaging Materials in US Import Data (2024)
| Year |
Month Name |
Count of Records |
| 2024 |
January |
784 |
| 2024 |
February |
640 |
| 2024 |
March |
665 |
| 2024 |
April |
830 |
| 2024 |
May |
2,857 |
| 2024 |
June |
2,848 |
| 2024 |
July |
1,381 |
| 2024 |
August |
826 |
| 2024 |
September |
772 |
| 2024 |
October |
738 |
| 2024 |
November |
817 |
| 2024 |
December |
365 |
Latest Announcement by Industry Leaders
- In September 2024, Biotech startup Dharaksha secured INR 24.8 Cr from Avaana Capital and is ready to build biodegradable packaging material. Arpit Dhupar, founder of the startup, stated they have a vision to create a sustainable alternative to non-biodegradable materials.
Recent Developments
- In June 2024, Arcos Dorados, the largest McDonald’s franchise, adopted a 100% biodegradable, home-compostable, and all-natural barrier developed by J&J Green Paper’s JANUS coating. The company wants to use standard petroleum-derived polyethylene coating instead of single-use plastics and PFAS chemicals.
- In April 2024, Archroma launched a Cartaseal OGB F10 barrier coating, which was water-based, oil and grease-resistant, and bio-based raw material. The company stated that it was certified by the FDA and BfR. The product was developed for PFAS-free oil and grease resistance in food and non-food paper and board packaging. The company also aimed to reduce papermakers' reliance on oil-based substances.
