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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245850

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245850

Plastic Alternative Packaging Global Market Report 2023

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“Plastic Alternative Packaging Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on plastic alternative packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for plastic alternative packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The plastic alternative packaging market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:

* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

* The impact of higher inflation in many countries and the resulting spike in interest rates.

* The continued but declining impact of COVID-19 on supply chains and consumption patterns.

  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

  • 1) By Type: Starch Based Plastic; Cellulose Based Plastics; Polylactic Acid (PLA); Polyhydroxyalkanoates (PHA); Other Types
  • 2) By Process: Recyclable; Reusable; Biodegradable
  • 3) By Application: Food and Beverage; Personal Care; Health Care; Other Applications
  • Companies Mentioned: Amcor Limited; Tetra Pak; Sealed Air Corporation; Plastic Suppliers Inc.; Kruger Inc.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the plastic alternative packaging market are: Amcor Limited, Tetra Pak, Sealed Air Corporation, Plastic Suppliers Inc., Kruger Inc., Mondi, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, and Klabin SA.

The global plastic alternative packaging market grew from $4.48 billion in 2022 to $5.2 billion in 2023 at a compound annual growth rate (CAGR) of 16.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plastic alternative packaging market is expected to grow to $9.67 billion in 2027 at a CAGR of 16.8%.

The plastic alternative packaging market consists of sales of corn-starch-based, mushroom-based, corrugated bubble wrap, seaweed material, and organic sources. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Plastic alternative packaging refers to packaging solutions made up of a plastic-like substance that dissolves effectively and 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

North America was the largest region in the plastic alternative packaging market in 2022. The regions covered in the plastic alternative packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The plastic alternative packaging market covered in this report is segmented by type into starch-based plastic, cellulose-based plastics, polylactic acid (PLA), polyhydroxyalkanoates (PHA), and others; by process into recyclable, reusable, biodegradable; by application into food and beverage, personal care, health care, others.

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 March 2022, according to a report published by Statistics Canada, a Canada-based government agency, about $21.1 billion was spent by Canadian businesses in 2019 to lessen environmental impacts. Furthermore, according to Our World in Data, the world generates over 350 million metric tons of plastic waste each year. The rising inclination towards alternatives to plastics has attracted businesses worldwide, which contributes to the growth of the plastic alternative packaging market.

The high cost of plastic alternative packaging products is projected to limit the growth of the plastic alternative packaging market over the forecast period. Biodegradable plastic packaging materials are expensive as compared to non-biodegradable materials. For instance, the cost of CycleWood's biodegradable plastic bags is around 1.5 cents per unit compared with 1.2 cents for traditional plastic bags. Additionally, biodegradable materials are 2 to 10 times more costly to produce than relative non-biodegradable materials. Thus, high cost is likely to restrict the growth of the plastic alternative packaging market.

Advances in technology is a major trend in the plastic alternative packaging market. Major companies dealing in the market are continuously focusing on introducing innovative and sustainable packaging solutions for various industries to maintain their position in the competitive business environment and to meet end-user requirements. For instance, in January 2020, Sealed Air Corporation, has launched a new version of bubble wrap brand packaging material that is made with at least 90% recycled content. The recycled content used to make bubble wrap brand packaging is sourced from post-industrial materials that would otherwise end up in landfills.

In February 2022, Hewlett-Packard Company, a US-based information technology company, acquired Choose Packaging for $10 billion. Through this acquisition, HP, Inc. would increase recyclable packaging solutions and promote alternatives to plastic bottles while also advancing HP's more general sustainability objectives. Choose Packaging is a UK-based packaging company pioneering in the development of innovative packaging solutions and sustainable packaging alternatives to plastic, such as paper and paperboard.

The countries covered in the plastic alternative packaging market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The plastic alternative packaging market research report is one of a series of new reports from The Business Research Company that provides plastic alternative packaging market statistics, including plastic alternative packaging industry global market size, regional shares, competitors with a plastic alternative packaging market share, detailed plastic alternative packaging market segments, market trends and opportunities, and any further data you may need to thrive in the plastic alternative packaging industry. This plastic alternative packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3502

Table of Contents

1. Executive Summary

2. Plastic Alternative Packaging Market Characteristics

3. Plastic Alternative Packaging Market Trends And Strategies

4. Plastic Alternative Packaging Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Plastic Alternative Packaging Market
  • 4.2. Ukraine-Russia War Impact On Plastic Alternative Packaging Market
  • 4.3. Impact Of High Inflation On Plastic Alternative Packaging Market

5. Plastic Alternative Packaging Market Size And Growth

  • 5.1. Global Plastic Alternative Packaging Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Plastic Alternative Packaging Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Plastic Alternative Packaging Market Segmentation

  • 6.1. Global Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Starch Based Plastic
  • Cellulose Based Plastics
  • Polylactic Acid (PLA)
  • Polyhydroxyalkanoates (PHA)
  • Other Types
  • 6.2. Global Plastic Alternative Packaging Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Recyclable
  • Reusable
  • Biodegradable
  • 6.3. Global Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Food and Beverage
  • Personal Care
  • Health Care
  • Other Applications

7. Plastic Alternative Packaging Market Regional And Country Analysis

  • 7.1. Global Plastic Alternative Packaging Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Plastic Alternative Packaging Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Plastic Alternative Packaging Market

  • 8.1. Asia-Pacific Plastic Alternative Packaging Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Plastic Alternative Packaging Market

  • 9.1. China Plastic Alternative Packaging Market Overview
  • 9.2. China Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Plastic Alternative Packaging Market

  • 10.1. India Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Plastic Alternative Packaging Market

  • 11.1. Japan Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Plastic Alternative Packaging Market

  • 12.1. Australia Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Plastic Alternative Packaging Market

  • 13.1. Indonesia Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Plastic Alternative Packaging Market

  • 14.1. South Korea Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Plastic Alternative Packaging Market

  • 15.1. Western Europe Plastic Alternative Packaging Market Overview
  • 15.2. Western Europe Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Plastic Alternative Packaging Market

  • 16.1. UK Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Plastic Alternative Packaging Market

  • 17.1. Germany Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Plastic Alternative Packaging Market

  • 18.1. France Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Plastic Alternative Packaging Market

  • 19.1. Eastern Europe Plastic Alternative Packaging Market Overview
  • 19.2. Eastern Europe Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Plastic Alternative Packaging Market

  • 20.1. Russia Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Plastic Alternative Packaging Market

  • 21.1. North America Plastic Alternative Packaging Market Overview
  • 21.2. North America Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Plastic Alternative Packaging Market

  • 22.1. USA Plastic Alternative Packaging Market Overview
  • 22.2. USA Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Plastic Alternative Packaging Market

  • 23.1. South America Plastic Alternative Packaging Market Overview
  • 23.2. South America Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Plastic Alternative Packaging Market

  • 24.1. Brazil Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Plastic Alternative Packaging Market

  • 25.1. Middle East Plastic Alternative Packaging Market Overview
  • 25.2. Middle East Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Plastic Alternative Packaging Market

  • 26.1. Africa Plastic Alternative Packaging Market Overview
  • 26.2. Africa Plastic Alternative Packaging Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Plastic Alternative Packaging Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Plastic Alternative Packaging Market Competitive Landscape And Company Profiles

  • 27.1. Plastic Alternative Packaging Market Competitive Landscape
  • 27.2. Plastic Alternative Packaging Market Company Profiles
    • 27.2.1. Amcor Limited
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Tetra Pak
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Sealed Air Corporation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Plastic Suppliers Inc.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Kruger Inc.
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Plastic Alternative Packaging Market

29. Plastic Alternative Packaging Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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