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What is the current size and annual growth rate of the plastic alternative packaging market?
The plastic alternative packaging market size has grown rapidly in recent years. It will grow from $6.22 billion in 2024 to $7.3 billion in 2025 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to increased demand for industrial packaging products, environmental concerns over plastics, and rising inclination towards alternatives to plastics.
The plastic alternative packaging market size is expected to see rapid growth in the next few years. It will grow to $14.1 billion in 2029 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to technological advances, rising awareness, government initiatives, and an increase in the availability of plastic alternative packaging. Major trends in the forecast period include a focus on establishing collaborations with research institutions and established companies, a focus on investment in mono-material packaging solutions, a focus on leveraging industrial wastes to upcycle and create innovative plastic alternative packaging materials, a focus on the use of artificial intelligence (AI), focus on mergers and acquisitions and focus on use of environment-friendly bioplastics.
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Which major factors have contributed to the expansion of the plastic alternative packaging market?
Growing environmental concerns associated with plastic usage are a major driver of the growth of the plastic alternative packaging market. Plastic products consist of deadly pollutants and cause harmful effects on humans, animals, and the environment. Customers are interested in eco-friendly packaging options as a replacement for plastic packaging. For instance, in January 2024, according to Earth.org, a Hong Kong-based non-governmental organization, reported that approximately 14 million tons of plastic enter the oceans annually, damaging wildlife habitats and affecting marine life. If no action is taken, this figure could rise to 29 million metric tons per year by 2040. Including microplastics, the total amount of plastic in the ocean could reach 600 million tons by that year. The rising inclination towards alternatives to plastics has attracted businesses worldwide, which contributes to the growth of the plastic alternative packaging market.
How is the plastic alternative packaging market segmented?
The plastic alternative packaging market covered in this report is segmented –
1) By Type: Starch-Based Plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Other Types
2) By Process: Bio-Based Or Non-Biodegradable, Biodegradable
3) By Application: Food And Beverage, Personal Care, Health Care, Other Applications
Subsegments:
1) By Starch-Based Plastic: Thermoplastic Starch (TPS), Starch Blends And Composites, Biodegradable Starch Films
2) By Cellulose-Based Plastics: Cellulose Acetate, Cellulose Film Products, Regenerated Cellulose
3) By Polylactic Acid (PLA): Injection-Molded PLA Products, Extruded PLA Films, Rigid And Flexible PLA Containers
4) By Polyhydroxyalkanoates (PHA): PHA Granules For Molding, PHA Films And Coatings, PHA Blends With Other Materials
5) By Other Types: Mushroom-Based Packaging, Paper And Cardboard Composites, Seaweed-Based Packaging, Other Biodegradable Materials
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Who are the top competitors in the plastic alternative packaging market?
Major companies operating in the plastic alternative packaging market include BASF, Amcor plc, Tetra Pak International SA, Sealed Air, Evergreen Packaging, Rengo Co. Ltd, International Paper Company, Mondi Group PLC, Futamura Group, SECOS Group, Huhtamaki, Shanghai PRECISE Packaging Co, SIG Combibloc, Greatview Aseptic Packaging, BioPak, Himalayan Packaging Industries Pvt. Ltd., Decon India Plastics Private Limited, West Pharma, Qingdao Likang Packing., Smurfit Kappa, DS smith, Element Packaging LTD, Delyn Packaging Ltd, CP Packaging Ltd, Surepak innovative packaging company, Epac flexible packaging, Enviroplast Inc., TC Transcontinental, PolyFerm Canada, TerraVerdae Bioworks Inc., Kruger Inc., Klabin SA, HP Inc., Choose Packaging, Plastic Suppliers Inc., Saudi Investment Recycling Company (SIRC), Bemis Company Inc., Winpak LLC, Rotopak LLC, Gulf East Paper and Plastic Industries LLC, Arabian Packaging LLC, Amber Packaging Industries LLC, Diamond Packaging Industries LLC, Astrapak Ltd (RPC Group), Nampak Ltd., Mpact Pty Ltd, Foster Packaging, Consol Glass (Pty) Ltd., East African Packaging Industries Ltd (EAPI), Constantia Afripack (Pty) Ltd, Bonpak (Pty) Ltd., Frigoglass South Africa (Pty) Ltd.
Which key trends are expected to influence the plastic alternative packaging market in the coming years?
Companies in the plastic alternative packaging market are focusing on mono-material packaging solutions to offer a more sustainable polyolefins-based packaging solution with greater circularity. The products are based on a single polymer increasing recyclability as it doesn’t need to be disassembled before being recycled. These materials eliminate the need for material separation and the risks of tainting a recycling stream, making recyclability easier to achieve. Companies are using new polypropylene (PP) solutions, which are viable mono-material substitutes for multi-material plastics, offering a higher moisture barrier, thermal resistance, and high transparency to develop mono-material packaging. For instance, in November 2023, TIPA, an Israel-based company specializing in biodegradable and compostable packaging solutions, introduced a groundbreaking fully compostable and recyclable tray made from waste products of rice. The compostable and recyclable trays can be disposed of in-home compost bins, and their unique pulp composition also allows them to be recycled alongside paper. They help reduce air pollution from burning agricultural waste while providing an environmentally friendly alternative to standard plastic packaging.
Which regional trends are influencing the plastic alternative packaging market, and which area dominates the industry?
The countries covered in the plastic alternative packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Plastic Alternative Packaging Market Report 2025 Offer?
The plastic alternative packaging market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Plastic alternative packaging refers to packaging solutions made up of a plastic-like substance that dissolves effectively leaves no hazardous residues and is derived from biodegradable materials and recyclable products. Plastic alternative packaging products are innovative eco-friendly alternatives to traditional materials and include biodegradable packaging, packaging products made from recycled materials, and plant-based packaging
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