Biodegradable Packaging Market Share

Market Share of Biodegradable Packaging Industry

The biodegradable packaging market is highly fragmented. The market studied comprises Amcor Limited, Sealed Air Corporation, Mondi Group PLC, and Tetra Pak International SA. Several regional firms in countries such as India are also trying to gain market share. Barriers to entry are low, resulting in the advent of smaller players and further increasing competitive rivalry.

In June 2021, Tetra Pak tied up with the FINISH Society, a well-known solid waste management NGO, to increase collection of used carton packages in Udaipur, Rajasthan, India. As part of the collaborative effort, FINISH Society will be working with the Municipal Corporation of Udaipur to recover used packs of juice or milk from the corporation's sorting centers, which will then be channeled to the nearest recycler. Tetra Pak and FINISH Society will also focus on raising awareness among the waste-picker community about the value of collecting used beverage cartons and selling them to a recycler.

Biodegradable Packaging Market Leaders

1. Mondi Group

2. Amcor PLC

3. Tetra Pak International SA

4. Elevate Packaging Inc.

5. Imex Packaging

*Disclaimer: Major Players sorted in no particular order