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Compostable Packaging Market Share

Report ID: GMI12358
Published Date: Nov 2024
Report Format: PDF

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Compostable Packaging Market Share

Competition in the compostable packaging industry is driven by several key factors, including price, product innovation, sustainability, and distribution. Companies compete by offering cost-effective yet high-quality compostable materials, with a strong emphasis on differentiating through advanced eco-friendly solutions. Product innovation, such as the development of more durable and versatile compostable packaging, is critical for attracting environmentally conscious consumers. Additionally, distribution channels play a significant role, as companies work to expand their reach through partnerships with major brands and retailers, ensuring wider availability of sustainable packaging solutions.

Compostable Packaging Market Companies

Major players operating in the compostable packaging industry are:

Amcor
Baroda Rapids
Biopac
Eurocell
Futamura Chemical
Genpak
Good Start Packaging
Graphic Packaging Holding
International Paper
Mayr-Melnhof Karton
Mondi
Pappco Greenware
Pactiv Evergreen
Sealed Air
TIPA
Ultra-Green Sustainable Packaging
Vegware
WestRock

Authors: Suraj Gujar, Sandeep Ugal

Frequently Asked Questions (FAQ) :

The global market size for compostable packaging was valued at USD 80.5 billion in 2024 and is projected to reach USD 168.1 billion by 2034, driven by a CAGR of 7.6% from 2025 to 2034.

The polylactic acid (PLA) segment is expected to exceed a value of USD 55 billion by 2034, driven by its biodegradability and versatility in packaging applications.

North America held a significant share of over 30% in the global market, driven by heightened consumer awareness of environmental concerns and robust regulatory measures aimed at reducing plastic waste.

Major players in the industry include Amcor, Baroda Rapids, Biopac, Eurocell, Futamura Chemical, Genpak, Good Start Packaging, Graphic Packaging Holding, International Paper, Mayr-Melnhof Karton, Mondi, Pappco Greenware, Pactiv Evergreen, Sealed Air, TIPA, Ultra-Green Sustainable Packaging, Vegware, and WestRock.