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Compostable Packaging Market Trends

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

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Compostable Packaging Market Trends

A key trend in the compostable packaging industry is the development of bioplastic-based products, such as polyhydroxyalkanoates (PHA), which are industrially compostable, non-toxic, and leave no microplastics behind. This innovation aligns with the rising consumer demand for eco-friendly alternatives that maintain high performance and convenience. Companies are leveraging advanced materials and technology to create durable, sustainable solutions that resonate with environmentally conscious consumers, fostering a shift toward packaging that supports both convenience and environmental stewardship.

For instance, In October 2024, Genecis Bioindustries launched Mad Tea, a brand offering 100% compostable tea pods compatible with Nespresso machines. The pods, made from PHA-based bioplastics, are eco-friendly, non-toxic, and leave no microplastics. Mad Tea provides quick-brewing, vegan, and lactose-free specialty teas, blending sustainability with convenience and bold flavors.

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.