Compostable Shrink Wrap Market Report 2025 (Global Edition)

Global Compostable Shrink Wrap Market Report 2025 Market Size Split by Material (PLA (Polylactic Acid), PHA (Polyhydroxyalkanoates), Starch blends, Other Biodegradable Polymers), by Product (Unprinted...

Compostable Shrink Wrap Market Report Description

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Competitive Landscape of the Compostable Shrink Wrap Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

In July 2022, Cortec Corporation was thrilled to have gained industrial compostability certification for its 'green' EcoShrink compostable film. EcoShrink is a commercially compostable, certified specialty shrink wrap film created to make the 'circular economy' a reality while satisfying typical packaging requirements.
(Source- https://www.cortecvci.com/press-release-green-compostable-shrink-wrapping-film-receives-compostability-certificate-from-tuv-austria/)

Top Companies Market Share in Compostable Shrink Wrap Industry: (In no particular order of Rank)

• BASF SE
• Kingfa Sci and Tech
• Amcor
• International Paper Company
• Mondi Group
• Smurfit Kappa Group
• Greenpack
• Biopak
• Treetop Biopak
• Berkley International
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Compostable Shrink Wrap Market

Which Region Will Dominate the Compostable Shrink Wrap Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for compostable shrink wrap is expanding rapidly in North America because of laws that try to reduce plastic waste and rising environmental awareness. The growing demand for environmentally friendly packaging options from consumers and businesses has resulted in higher utilization of compostable shrink wrap. The compostable shrink wrap business in North America is growing quickly, with an emphasis on environmentally acceptable substitutes.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase in the sales of reagents. The market for compostable shrink wrap in Europe is booming due to strict environmental laws and a rising focus on sustainability. Companies in various industries are increasingly embracing compostable packaging options to cut down on plastic waste. Demand is also fueled by consumers' inclination for environmentally friendly items. With its strong emphasis on environmental stewardship, Europe is seeing a notable surge in the use of compostable shrink wrap as an environmentally friendly packaging alternative.

The current report Scope analyzes Compostable Shrink Wrap Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Compostable Shrink Wrap Market Analysis

According to Cognitive Market Research, the global Compostable Shrink Wrap market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031. The market for compostable shrink wrap is expanding remarkably in North America, driven by increased environmental consciousness and legislative efforts to minimize plastic waste. The food packaging sector is one notable area of this market, with businesses switching to compostable shrink wrap to satisfy customer expectations for eco-friendly packaging solutions and sustainability targets. The market for biodegradable shrink wrap in North America is expected to grow because to the growing emphasis on sustainable practices and the industry's embrace of eco-friendly packaging solutions.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Compostable Shrink Wrap market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. The demand is amplified by the nation's Stringent environmental regulations.
• The Canada Compostable Shrink Wrap market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. Canada's rising consumer demand for sustainable packaging solutions.
• The Mexico Compostable Shrink Wrap market is projected to witness growth at a CAGR of 17.1% during the forecast period with a market size of USD XX million in 2024.

 

Europe Compostable Shrink Wrap Market Analysis

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 17.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. The market for compostable shrink wrap is expanding significantly in Europe as a result of strict environmental laws and a focus on sustainability. The retail industry is one of the main sectors propelling this rise, since there is an increasing need for eco-friendly packaging options to meet consumer preferences for sustainable goods. The European market for compostable shrink wrap is expected to grow due to rising awareness of plastic pollution and a move towards more eco-friendly practices. This presents businesses with opportunities to meet sustainability goals and satisfy the changing needs of eco-aware customers.

• The United Kingdom Compostable Shrink Wrap market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 18.3% during the forecast period. In the UK, Compostable Shrink Wrap sales witness an upswing due to the influence of eco-conscious businesses. 
• The France Compostable Shrink Wrap market is projected to witness growth at a CAGR of 16.7% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Compostable Shrink Wrap market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 17.7% during the forecast period. In Germany, Compostable Shrink Wrap sales surge due to the advocacy groups further accelerates adoption. 
• The Italy Compostable Shrink Wrap market is projected to witness growth at a CAGR of 16.9% during the forecast period with a market size of USD XX million in 2024.
• The Russia Compostable Shrink Wrap market is projected to witness growth at a CAGR of 16.5% during the forecast period with a market size of USD XX million in 2024.
• The Spain Compostable Shrink Wrap market is projected to witness growth at a CAGR of 16.6% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Compostable Shrink Wrap market is projected to witness growth at a CAGR of 17.7% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Compostable Shrink Wrap market is projected to witness growth at a CAGR of 17.3% during the forecast period with a market size of USD XX million in 2024.
• The Greece Compostable Shrink Wrap market is projected to witness growth at a CAGR of 17.7% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Compostable Shrink Wrap market is projected to witness growth at a CAGR of 16.2% during the forecast period with a market size of USD XX million in 2024.

 

Asia Pacific Compostable Shrink Wrap Market Analysis

According to Cognitive Market Research, the global Compostable Shrink Wrap market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.0% from 2024 to 2031. Compostable shrink wrap is a growing industry in the Asia Pacific area, mostly due to customer preferences for sustainable products and growing environmental concerns. The food and beverage industry, where there is a growing need for eco-friendly packaging solutions, is a major component driving this rise. The Asia Pacific market for compostable shrink wrap offers significant opportunities for businesses to meet sustainability goals and meet the growing demand for environmentally responsible packaging options from governments enforcing stricter regulations on plastic usage and raising awareness of environmental issues.

• According to Cognitive Market Research, the China Compostable Shrink Wrap market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 25.5% during the forecast period. Compostable Shrink Wrap sales surge in China due to the nation's rapid expansion in Rapid urbanization.
• The Japan Compostable Shrink Wrap market is projected to witness growth at a CAGR of 19.5% during the forecast period with a market size of USD XX million in 2024.
• The India Compostable Shrink Wrap market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 22.5% during the forecast period. The demand is augmented by India's increasing disposable incomes,.
• The South Korea Compostable Shrink Wrap market is projected to witness growth at a CAGR of 20.1% during the forecast period with a market size of USD XX million in 2024.
• The Australia Compostable Shrink Wrap market is projected to witness growth at a CAGR of 20.7% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Compostable Shrink Wrap market is projected to witness growth at a CAGR of 22.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Compostable Shrink Wrap market is projected to witness growth at a CAGR of 20.8% during the forecast period with a market size of USD XX million in 2024.

 

South America Compostable Shrink Wrap Market Analysis

According to Cognitive Market Research, the global Compostable Shrink Wrap market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.4% from 2024 to 2031. The market for compostable shrink wrap is steadily expanding in Latin America as a result of legislative measures meant to curtail plastic waste and growing environmental awareness. The agriculture industry is a significant factor in this rise, since there is a rising need for environmentally friendly packaging options to safeguard and preserve fresh products. The Latin American market for compostable shrink wrap offers businesses a lot of opportunities to meet consumer demand for sustainable packaging options and support environmental initiatives in the region. This is because the market is focused on sustainability and is shifting towards more environmentally friendly practices.

• According to Cognitive Market Research, the Brazil Compostable Shrink Wrap market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 19.0% during the forecast period. Compostable Shrink Wrap sales flourish in Brazil due to the governmental initiatives.
• The Argentina Compostable Shrink Wrap market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 19.3% during the forecast period. The demand is augmented by Argentina's commitment to large manufacturing sector.
• The Colombia Compostable Shrink Wrap market is projected to witness growth at a CAGR of 18.2% during the forecast period with a market size of USD XX million in 2024.
• The Peru Compostable Shrink Wrap market is projected to witness growth at a CAGR of 18.6% during the forecast period with a market size of USD XX million in 2024.
• The Chile Compostable Shrink Wrap market is projected to witness growth at a CAGR of 18.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Compostable Shrink Wrap market is projected to witness growth at a CAGR of 17.5% during the forecast period with a market size of USD XX million in 2024.

Middle East Compostable Shrink Wrap Market Analysis

According to Cognitive Market Research, the global Compostable Shrink Wrap market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7% from 2024 to 2031. Compostable shrink wrap is becoming more and more popular in the Middle East and Africa as people become more conscious of environmental issues and seek for eco-friendly packaging options. The need for eco-friendly packaging solutions is growing in the cosmetics and personal care industry, which is a significant segment of this market. Although the market is still in its infancy, the Middle East and Africa region offers tremendous growth potential for biodegradable shrink wrap, providing businesses with chances to fulfill sustainability targets and satisfy the changing tastes of the region's eco-aware customers.

• According to Cognitive Market Research, the GCC Countries Compostable Shrink Wrap market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period. Compostable Shrink Wrap sales flourish in the GCC Countries due to the growing consumer awareness of environmental issues fuel demand.
• The Egypt Compostable Shrink Wrap market is projected to witness growth at a CAGR of 19.0% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Compostable Shrink Wrap market is projected to witness growth at a CAGR of 19.7% during the forecast period with a market size of USD XX million in 2024. Compostable Shrink Wrap sales flourish in the South Africa due to the region's strategic investments in research and advancements.
• The Turkey Compostable Shrink Wrap market is projected to witness growth at a CAGR of 18.2% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Compostable Shrink Wrap market is projected to witness growth at a CAGR of 17.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Compostable Shrink Wrap market is projected to witness growth at a CAGR of 17.7% during the forecast period with a market size of USD XX million in 2024.

 

Compostable Shrink Wrap Market Analysis

Compostable Shrink Wrap Market Material Segment Analysis

According to Cognitive Market Research, PLA (Polylactic Acid) held the major market share over the forecast period. Because of its environmentally beneficial qualities, PLA (polylactic acid) is a major factor driving the rise of the compostable shrink wrap business. PLA provides a sustainable substitute for conventional plastics because it is made from renewable resources like sugarcane or maize starch. The compostable quality of this product corresponds with growing consumer and regulatory requirements for eco-friendly packaging options, which has led to a notable growth in the market for compostable shrink wrap.

Starch blends are the fastest-growing category over the forecast period. Because starch blends provide a sustainable substitute for conventional plastics, the market for compostable shrink wrap is expanding. By combining starch with other biodegradable polymers, these blends preserve compostability while improving flexibility and durability. Starch blends are a key factor in the growth of the biodegradable packaging industry because of the growing demand for environmentally friendly packaging options, especially in reaction to environmental concerns.

• PLA (Polylactic Acid)
• PHA (Polyhydroxyalkanoates)
• Starch blends
• Other Biodegradable Polymers

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Compostable Shrink Wrap Industry. Request a Free Sample PDF!

Compostable Shrink Wrap Market Product Type Segment Analysis

According to Cognitive Market Research, Unprinted holds a prominent market share. The market for biodegradable shrink wrap is expanding because of the unprinted segment's attractiveness as an eco-friendly and versatile product. Compostable shrink wrap without printing provides a blank canvas for various packaging requirements and aligns with environmental objectives. The industry is growing as a result of businesses and customers alike choosing more and more unprinted options to promote compostable packaging solutions and lessen their impact on the environment.

Printed is the fastest-growing category over the forecast period. The market for compostable shrink wrap is expanding due to the printed category, as companies prioritize product differentiation and branding. An environmentally responsible way to showcase designs, product details, and branding while addressing sustainability issues is with printed compostable shrink wrap. The printed packaging market is growing significantly due to consumer desire for aesthetically pleasing and environmentally friendly packaging, encouraging compostable packaging options.

• Unprinted
• Printed

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Compostable Shrink Wrap Application Segment Analysis

According to Cognitive Market Research, Food Packaging held the major market share over the forecast period. The food packaging industry is one of the main factors driving the expansion of the biodegradable shrink wrap market. Food manufacturers use compostable shrink wrap to lessen their environmental impact as consumers seek more environmentally friendly packaging solutions. Compostable shrink wrap is becoming increasingly popular in the food packaging sector because it provides a biodegradable substitute for conventional plastic packaging while satisfying consumer expectations for environmentally friendly products and legal requirements.

Industrial Packaging is the fastest-growing category over the forecast period. The compostable shrink wrap market is growing, thanks largely to the industrial packaging industry. As environmental responsibility and sustainability gain more traction, firms use compostable shrink wrap to package a wider range of industrial goods. Adoption of this environmentally friendly substitute in industrial packaging is fueled by its capacity to cut down on plastic waste and fit with corporate sustainability goals.

• Food Packaging
• Industrial Packaging
• Personal Care and Cosmetics
• Agriculture and Horticulture

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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