Scandinavia Biodegradable Plastic Packaging Market Forecast to 2030

The biodegradable plastic packaging market is experiencing notable growth owing shifting inclination of manufacturers as well as end users towards the highly sustainable form of packaging solutions. With the high level of product customization and highly sustainable yet recyclable packaging outlook, biodegradable plastic packaging is experiencing eye-catching demand among the various brand owners across Scandinavia.

As the name suggests, biodegradable plastic packaging is a highly eco-friendly and sustainable form of packaging which are biodegradable and compostable. Biodegradable plastic packaging has unique advantages over the conventional form of plastic packaging in terms of circular economy, greenhouse gas emissions, and others. biodegradable plastic made up of starch, cellulose, polylactic acid (PLA), and other materials is predominantly used for both food and non-food packaging applications. The future demand outlook for Scandinavia biodegradable plastic packaging seems astonishing owing to the rising demand for sustainable forms of packaging in the region.

Market Segmentation

This report has segmented the Scandinavia biodegradable plastic packaging market based on type, and application.

Based on type, the Scandinavia biodegradable plastic packaging has been segmented into starch-based plastic, cellulose-based plastic, polylactic acid (PLA), polyhydroxyalkanoates (PHA), and others. In 2021, the polylactic acid (PLA) segment drove the Scandinavia biodegradable plastic packaging market by holding a substantial market share with a market value of USD 28.0 million. It is projected to register an 11.0% CAGR during the projected timeframe.

Based on application, the Scandinavia biodegradable plastic packaging market has been segmented into food, beverages, healthcare, personal care/homecare, automotive, and others. in 2021, the food segment led the market with a substantial market share. The target segments are projected to offer a total incremental opportunity of USD 34.5 Mn during the forecast period.

Based on country the Scandinavia biodegradable plastic packaging market has been segmented into Denmark. Norway, Sweden, Finland, and Iceland. Sweden country is anticipated to drive the Scandinavia biodegradable plastic packaging throughout the forecast period. The target country is anticipated to offer a total incremental opportunity of USD 25.2 Million by the end of 2030.

Major Players

Huhtamaki, Mondi, Amcor Plc, Adapa Group, Duni Group, Walki Group Oy, Tetra Pak, BioBag International AS, Aspelin Group are the major players in the market.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE
- 1.1.2 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 RISING ENVIRONMENTAL CONCERNS
- 4.2.2 RISING DEMAND FOR SUSTAINABLE, ENVIRONMENT-FRIENDLY PACKAGING SOLUTIONS
4.3 RESTRAINTS
- 4.3.1 INEFFICIENT RAW MATERIAL SOURCING AND MANAGEMENT
4.4 OPPORTUNITIES
- 4.4.1 RISING GOVERNMENT'S INITIATIVES
- 4.4.2 RESEARCH AND DEVELOPMENT INVESTMENTS
4.5 SHORT-TERM AND LONG-TERM IMPACT OF COVID-19 ON THE BIODEGRADABLE PLASTIC PACKAGING MARKET
- 4.5.1 IMPACT OF COVID-19 ON THE OVERALL PACKAGING INDUSTRY
- 4.5.2 ECONOMIC IMPACT
- 4.5.3 IMPACT ON THE BIODEGRADABLE PLASTIC PACKAGING MARKET
  - 4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
  - 4.5.3.2 PRODUCTION SHUTDOWN
- 4.5.4 IMPACT ON MARKET DEMAND FOR BIODEGRADABLE PLASTIC PACKAGING MARKET
  - 4.5.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
  - 4.5.4.2 CONSUMER SENTIMENTS
- 4.5.5 IMPACT ON PRICING OF BIODEGRADABLE PLASTIC PACKAGING MARKET
- 4.5.6 MARKET GROWTH POST-PANDEMIC

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 DEVELOPMENT
- 5.1.2 RAW MATERIAL SUPPLY
- 5.1.3 MANUFACTURING
- 5.1.4 SALES & DISTRIBUTION
- 5.1.5 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES MODERATE
- 5.2.4 BARGAINING POWER OF BUYERS LOW
- 5.2.5 INTENSITY OF RIVALRY MODERATE

6 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE

6.1 OVERVIEW
6.2 STARCH BASED PLASTIC
6.3 CELLULOSE BASED PLASTICS
6.4 POLYLACTIC ACID (PLA)
6.5 POLYHYDROXYALKANOATES (PHA)
6.6 OTHERS

7 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 FOOD
7.3 BEVERAGES
7.4 HEALTHCARE
7.5 PERSONAL CARE/HOMECARE
7.6 AUTOMOTIVE
7.7 OTHERS

8 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY REGION

8.1 OVERVIEW
- 8.1.1 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY REGION, 2018-2030
- 8.1.2 DENMARK
- 8.1.3 NORWAY
- 8.1.4 SWEDEN
- 8.1.5 FINLAND
- 8.1.6 ICELAND

9 GLOBAL BIODEGRADABLE PLASTIC PACKAGING MARKET - OVERVIEW

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MARKET SHARE ANALYSIS
10.4 KEY DEVELOPMENT IN THE SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET
- 10.4.1 PRODUCT LAUNCH/DEVELOPMENT
- 10.4.2 COLLABORATION
- 10.4.3 PARTNERSHIP
- 10.4.4 EXPANSION
- 10.4.5 INVESTMENT
- 10.4.6 ACQUISITION

11 COMPANY PROFILES

11.1 HUHTAMAKI
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 MONDI
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 AMCOR PLC
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 ADAPA GROUP
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 DUNI GROUP
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 WALKI GROUP OY
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 TETRA PAK
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 ZURELI
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 KEY STRATEGIES
11.9 BIOBAG INTERNATIONAL AS
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 ASPELIN GROUP
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 21
TABLE 2 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE 2018-2030 (USD MILLION) 36
TABLE 3 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION 2018-2030 (USD MILLION) 40
TABLE 4 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY REGION, 2018-2030 (USD MILLION) 42
TABLE 5 DENMARK BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE 2018-2030 (USD MILLION) 42
TABLE 6 DENMARK BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION 2018-2030 (USD MILLION) 43
TABLE 7 NORWAY BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE 2018-2030 (USD MILLION) 43
TABLE 8 NORWAY BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION 2018-2030 (USD MILLION) 44
TABLE 9 SWEDEN BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE 2018-2030 (USD MILLION) 44
TABLE 10 SWEDEN BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION 2018-2030 (USD MILLION) 45
TABLE 11 FINLAND BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE 2018-2030 (USD MILLION) 45
TABLE 12 FINLAND BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION 2018-2030 (USD MILLION) 46
TABLE 13 ICELAND BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE 2018-2030 (USD MILLION) 46
TABLE 14 ICELAND BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION 2018-2030 (USD MILLION) 47
TABLE 15 GLOBAL BIODEGRADABLE PLASTIC PACKAGING MARKET, BY REGION, 2018-2030 (USD MILLION) 48
TABLE 16 PRODUCT LAUNCH/DEVELOPMENT 51
TABLE 17 COLLABORATION 51
TABLE 18 PARTNERSHIP 52
TABLE 19 EXPANSION 52
TABLE 20 INVESTMENT 53
TABLE 21 ACQUISITION 53
TABLE 22 HUHTAMAKI: PRODUCTS OFFERED 55
TABLE 23 HUHTAMAKI: KEY DEVELOPMENTS 56
TABLE 24 MONDI: PRODUCTS OFFERED 59
TABLE 25 MONDI: KEY DEVELOPMENTS 60
TABLE 26 AMCOR PLC: PRODUCTS OFFERED 64
TABLE 27 AMCOR PLC: KEY DEVELOPMENTS 64
TABLE 28 ADAPA GROUP: PRODUCTS OFFERED 66
TABLE 29 ADAPA GROUP: KEY DEVELOPMENTS 67
TABLE 30 DUNI GROUP: PRODUCTS OFFERED 70
TABLE 31 DUNI GROUP: KEY DEVELOPMENTS 71
TABLE 32 WALKI GROUP OY: PRODUCTS OFFERED 73
TABLE 33 WALKI GROUP OY: KEY DEVELOPMENTS 74
TABLE 34 TETRA PAK: PRODUCTS OFFERED 76
TABLE 35 TETRA PAK: KEY DEVELOPMENTS 77
TABLE 36 ZURELI: PRODUCTS OFFERED 79
TABLE 37 BIOBAG INTERNATIONAL AS: PRODUCTS OFFERED 80
TABLE 38 BIOBAG INTERNATIONAL AS: KEY DEVELOPMENTS 81
TABLE 39 ASPELIN GROUP: PRODUCTS OFFERED 83

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 12
FIGURE 2 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING ANALYSIS MARKET, BY TYPE 13
FIGURE 3 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING ANALYSIS MARKET, BY APPLICATION 14
FIGURE 4 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET: MARKET STRUCTURE 15
FIGURE 5 RESEARCH PROCESS OF MRFR 16
FIGURE 6 MARKET DYNAMICS: SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET 22
FIGURE 7 DRIVERS: IMPACT ANALYSIS 23
FIGURE 8 RESTRAINT: IMPACT ANALYSIS 24
FIGURE 9 SUPPLY CHAIN ANALYSIS: SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET 29
FIGURE 10 PORTER'S FIVE FORCES ANALYSIS: SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET 31
FIGURE 11 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE, 2021 (% SHARE) 33
FIGURE 12 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY TYPE, 2018-2030 (USD MILLION) 34
FIGURE 13 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION, 2021 (% SHARE) 37
FIGURE 14 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY APPLICATION, 2018-2030 (USD MILLION) 38
FIGURE 15 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY REGION, 2021 (% SHARE) 41
FIGURE 16 SCANDINAVIA BIODEGRADABLE PLASTIC PACKAGING MARKET, BY REGION, 2018-2030 41
FIGURE 17 BENCHMARKING OF MAJOR COMPETITORS 50
FIGURE 18 MARKET SHARE ANALYSIS, 2021 51
FIGURE 19 HUHTAMAKI: FINANCIAL OVERVIEW SNAPSHOT 55
FIGURE 20 HUHTAMAKI: SWOT ANALYSIS 56
FIGURE 21 MONDI: FINANCIAL OVERVIEW SNAPSHOT 59
FIGURE 22 MONDI: SWOT ANALYSIS 61
FIGURE 23 AMCOR PLC: FINANCIAL OVERVIEW SNAPSHOT 63
FIGURE 24 AMCOR PLC: SWOT ANALYSIS 65
FIGURE 25 ADAPA GROUP: SWOT ANALYSIS 67
FIGURE 26 DUNI GROUP: FINANCIAL OVERVIEW SNAPSHOT 70
FIGURE 27 DUNI GROUP: SWOT ANALYSIS 71
FIGURE 28 WALKI GROUP OY: SWOT ANALYSIS 74
FIGURE 29 TETRA PAK: SWOT ANALYSIS 77
FIGURE 30 BIOBAG INTERNATIONAL AS: SWOT ANALYSIS 81
FIGURE 31 ASPELIN GROUP: SWOT ANALYSIS 84