Global Compostable Shrink Wrap
Market Report
2025
Compostable Shrink Wrap market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.00% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Compostable Shrink Wrap market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.00% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Compostable Shrink Wrap Market Sales Revenue | 121212 | 121212 | 121212 | 19% |
North America Compostable Shrink Wrap Market Sales Revenue | 121212 | 121212 | 121212 | 17.2% |
Europe Compostable Shrink Wrap Market Sales Revenue | 121212 | 121212 | 121212 | 17.5% |
Asia Pacific Compostable Shrink Wrap Market Sales Revenue | 121212 | 121212 | 121212 | 21% |
South America Compostable Shrink Wrap Market Sales Revenue | 121212 | 121212 | 121212 | 18.4% |
Middle East Compostable Shrink Wrap Market Sales Revenue | 121212 | 121212 | 121212 | 18.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Material |
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Market Split by Product |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Restrains:
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Compostable Shrink Wrap Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Compostable shrink wrap is one environmentally friendly packaging material designed to have a minimal impact. Compostable shrink wrap, in contrast to regular plastic shrink wrap, is composed of biodegradable elements that, when composted, naturally transform into organic matter. This environmentally friendly packaging choice provides consumers and businesses with a more sustainable way to wrap and store items. Compostable shrink wrap reduces plastic waste and pollution while offering the same functionality and adaptability as traditional shrink wrap. The need for compostable shrink wrap is growing due to rising environmental consciousness and legislative pressure to limit the use of plastic. It is extensively utilized in several sectors, such as retail, cosmetics, and food and beverage, as part of initiatives to adopt packaging options that are more ecologically friendly.
The need for compostable packaging materials is increasing due to governments worldwide enacting strict laws on plastic waste. Government regulations on plastic usage and waste disposal are becoming more stringent due to growing worries about plastic pollution. Companies are looking for eco-friendly substitutes, including compostable shrink wrap, to abide by the rules and lessen their negative environmental effects. Compostable packaging, by decomposing into natural components, provides an alternative to standard plastics, which harm ecosystems. Compostable materials are becoming more prevalent, which aligns with international initiatives to reduce plastic pollution and encourage sustainable living. Compostable shrink wrap is among the products in high demand as rules tighten. This will spur innovation in eco-friendly packaging solutions.
Demand for sustainable packaging solutions is rising due to consumers' and enterprises' growing environmental concerns. With the potential to significantly reduce plastic waste and pollution, compostable shrink wrap becomes a compelling substitute for traditional plastic shrink wrap. Compostable shrink wrap is in line with the growing trend for environmentally friendly products due to its biodegradable composition. Companies are embracing this change to satisfy customer demands and stay true to their environmental objectives. Compostable packaging options, including compostable shrink wrap, are predicted to become increasingly widely used as environmental consciousness grows. This will positively impact the environment and encourage a more sustainable approach to packaging across industries.
Indeed, a major obstacle for many firms, especially those with narrow profit margins, is the greater cost of compostable shrink wrap compared to regular plastic shrink wrap. Although there is a growing market for environmentally friendly packaging options, some businesses may need help to afford the higher cost of compostable materials, which makes adoption more difficult. To overcome this difficulty, businesses may need to investigate tactics like supplier price negotiations, packaging design optimization, or cost-passing to customers through open disclosure of the environmental advantages. Furthermore, technological developments and larger production volumes may eventually decrease the price of biodegradable materials, opening them up to a greater variety of industries.
The increased price of compostable packaging compared to traditional plastic shrink wraps. Producing compostable packaging usually involves the use of specialized raw materials and higher process technology, hence it costs more. The U.S. Department of Energy reports that the cost of compostable packaging is 30-40% greater than the cost of traditional plastic packaging, a factor that might deter small and medium-sized businesses from the use of these solutions.
Opportunities for Compostable Shrink Wrap
As industries and consumers transition to greener packaging options, compostable products are an attractive means to curtail landfill-bound plastics. Major industries like food and beverages, personal care, and consumer products are increasingly looking for green packaging that resonates with the circular economy paradigm, giving a strong boost to biodegradable shrink wrap demand.
Further, biopolymer technological advancements in PLA (polylactic acid) and PHA (polyhydroxyalkanoates) are improving performance and cost competitiveness of compostable films. Such technology allows increased application and shelf stability, stimulating further adoption. Government policies and incentives for eco-friendly packaging further spur market expansion, particularly in the European and North American regions.
Retailers and companies adopting green branding can take advantage of compostable shrink wrap to make their products stand out and achieve corporate sustainability goals. Additionally, the e-commerce market provides an expanding opportunity for compostable packaging as consumers increasingly seek protective but environmentally friendly shipping materials. As industrial and home composting infrastructure grows, so too does the viability of comprehensive usage, making compostable shrink wrap a practical and appealing option for the global packaging market.
The market for compostable shrink wrap has been affected by the COVID-19 outbreak in various ways. Although there is a greater need and awareness for environmentally friendly packaging options, the pandemic also changed consumer behavior and supply networks. Lockdowns and other limitations initially made it difficult to produce and distribute biodegradable products. But as the pandemic spread, businesses and consumers started prioritizing sustainability, which sparked a newfound interest in compostable packaging. Furthermore, the pandemic's transition to home delivery and e-commerce highlighted the significance of eco-friendly packing choices. The market for compostable shrink wrap is expected to develop over the long term due to sustainability initiatives and rising environmental consciousness despite some short-term setbacks.
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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)
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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.
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
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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, 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.
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 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 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.
Global Compostable Shrink Wrap Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Compostable Shrink Wrap Industry growth. Compostable Shrink Wrap market has been segmented with the help of its Material, Product Application, and others. Compostable Shrink Wrap market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
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.
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!
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.
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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.
Research Associate at Cognitive Market Research
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.
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.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Material | PLA (Polylactic Acid), PHA (Polyhydroxyalkanoates), Starch blends, Other Biodegradable Polymers |
Product | Unprinted, Printed |
Application | Food Packaging, Industrial Packaging, Personal Care and Cosmetics, Agriculture and Horticulture |
List of Competitors | BASF SE, Kingfa Sci and Tech, Amcor, International Paper Company, Mondi Group, Smurfit Kappa Group, Greenpack, Biopak, Treetop Biopak, Berkley International |
This chapter will help you gain GLOBAL Market Analysis of Compostable Shrink Wrap. Further deep in this chapter, you will be able to review Global Compostable Shrink Wrap Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Compostable Shrink Wrap. Further deep in this chapter, you will be able to review North America Compostable Shrink Wrap Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Compostable Shrink Wrap. Further deep in this chapter, you will be able to review Europe Compostable Shrink Wrap Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Compostable Shrink Wrap. Further deep in this chapter, you will be able to review Asia Pacific Compostable Shrink Wrap Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Compostable Shrink Wrap. Further deep in this chapter, you will be able to review South America Compostable Shrink Wrap Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Compostable Shrink Wrap. Further deep in this chapter, you will be able to review Middle East Compostable Shrink Wrap Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Compostable Shrink Wrap. Further deep in this chapter, you will be able to review Middle East Compostable Shrink Wrap Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Compostable Shrink Wrap. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Material Analysis 2019 -2031, will provide market size split by Material. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Material Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Product Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Compostable Shrink Wrap market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why PLA (Polylactic Acid) have a significant impact on Compostable Shrink Wrap market? |
What are the key factors affecting the PLA (Polylactic Acid) and PHA (Polyhydroxyalkanoates) of Compostable Shrink Wrap Market? |
What is the CAGR/Growth Rate of Unprinted during the forecast period? |
By type, which segment accounted for largest share of the global Compostable Shrink Wrap Market? |
Which region is expected to dominate the global Compostable Shrink Wrap Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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