The biodegradable packaging materials market is expected to grow from USD 236.14 billion in 2025 to USD 364.76 billion by 2034, at a CAGR of 4.95% during the forecast period.
Top Companies in Biodegradable Packaging Materials Market
Latest Announcement by Industry Leaders
- In September 2024, Biotech startup Dharaksha secured INR 24.8 Cr from Avaana Capital and is ready to build biodegradable packaging material. Arpit Dhupar, founder of the startup, stated they have a vision to create a sustainable alternative to non-biodegradable materials.
Recent Developments
- In June 2024, Arcos Dorados, the largest McDonalds franchise, adopted a 100% biodegradable, home-compostable, and all-natural barrier developed by J&J Green Papers JANUS coating. The company wants to use standard petroleum-derived polyethylene coating instead of single-use plastics and PFAS chemicals.
- In April 2024, Archroma launched a Cartaseal OGB F10 barrier coating, which was water-based, oil and grease-resistant, and bio-based raw material. The company stated that it was certified by the FDA and BfR. The product was developed for PFAS-free oil and grease resistance in food and non-food paper and board packaging. The company also aimed to reduce papermakers reliance on oil-based substances.
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