Plastic Alternative Packaging Market is segmented By Type (Starch-Based Plastic, Cellulose-Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoate....
Market Size in USD
CAGR16.8%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 16.8% |
Market Concentration | High |
Major Players | Amcor Plc, Mondi, DS Smith, Sealed Air, Tetra Pak International SA |
The plastic alternative packaging market is estimated to be valued at USD 6.11 Billion in 2024 and is expected to reach USD 18.13 Billion by 2031, growing at a compound annual growth rate (CAGR) of 16.8% from 2024 to 2031. The market is set to expand significantly over the next seven years as concerns around plastic waste management and sustainability continue to rise globally.