openPR Logo
Press release

Compostable Plastic Packaging Material Market is expected to grow at a moderate CAGR of 5.1% during the forecast period of 2018-2028

05-08-2018 08:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Compostable Plastic Packaging Material Market is expected

The report titled ‘Compostable Plastic Packaging Material Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028’ states that the global market for compostable plastic packaging material is expected to grow at a moderate CAGR of 5.1% during the forecast period of 2018-2028. The data in this report also shows that the market will possibly reach a value of over US$ 2,000 Mn by the end of 2028. Compostable plastics degrade rapidly, leaving no traces of the material, which are witnessing stellar demand in the market currently.

Request For Sample @https://www.futuremarketinsights.com/reports/sample/rep-gb-5895

In a bid to build a strong business in an eco-friendly manner, companies are coming up with new offerings in the global market. There is a huge demand for environment-friendly products as the people are more inclined towards these products due to their growing awareness. Compostable plastic packaging is a major part of the current eco-friendly plastics market. The market comprises various materials like PBAT, PBS, PLA, and PHA, all of which are made up of components that are highly decomposable. Among these, PHA is expected to hold the strongest market growth, owing to its high barrier properties.

Food, beverage and pharmaceutical products prefer high barrier material for packaging to extend the shelf life of the products and maintain the quality of the product. According to the outcomes of the report on the global compostable plastic packaging materials market, PHA plastic type is expected to witness a stellar CAGR of 15.9% during the 10 year forecast period. A popular trend witnessed in the global compostable plastic packaging materials market is the rise in demand for garbage bags made of compostable plastic. Despite of relatively higher costs, compostable garbage bags are likely to grab a sizeable market in near future, in both developed as well as developing economies.

Request For TOC @ https://www.futuremarketinsights.com/askus/rep-gb-5895

Global Compostable Plastic Packaging Material Market: Competitive Scenario

The companies that are leading in global compostable plastic packaging materials market include S.K. Chemicals Co. Ltd., BASF S.E., Kaneka Corporation, Northern Technologies International Corp., Blonde Technology Co., Ltd., FKuR Kunststoff GmbH, NatureWorks LLC, Gio-Soltech, Ltd., Xinjiang Blueridge Tunhe Chemical Industry Co., Ltd, Biotec GmbH & Co. KG etc. These market leaders are looking for opportunities to expand their businesses and capitalize on products that are going to witness higher demands.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.
FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: http://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Compostable Plastic Packaging Material Market is expected to grow at a moderate CAGR of 5.1% during the forecast period of 2018-2028 here

News-ID: 1042351 • Views: …

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…

All 5 Releases


More Releases for Compostable

Compostable Packaging Market Comprehensive study explores Huge Growth by TIPA Co …
Compostable Packaging Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 17.4% in the forecast period of 2020 to 2027 and expected to reach USD 21,633.39 million by 2027.  Compostable Packaging Market business research report includes a radical analysis of the market drivers, restraints, threats, and opportunities also as addresses the…
Compostable Packaging: A guide Players like TIPA Compostable Packaging, ULTRA GR …
An influential Compostable Packaging market research study helps in planning by providing accurate and state-of-the-art information about the consumer’s demands, preferences, attitudes and their changing tastes about the specific product. It estimates the market share and possible sales volume of a client company. The report gets familiar with the types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product.…
Compostable Packaging: A guide Players like TIPA Compostable Packaging, ULTRA GR …
An influential Compostable Packaging market research study helps in planning by providing accurate and state-of-the-art information about the consumer’s demands, preferences, attitudes and their changing tastes about the specific product. It estimates the market share and possible sales volume of a client company. The report gets familiar with the types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product.…
Compostable Packaging Market 2020-2025 New Informative Study | Emerging Players …
Data Bridge Market Research has published a new report titled Compostable Packaging Market reports provides 5 year pre-historic and forecast for the sector and include data on socio-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization. Some are the key players taken under coverage for this study are TIPA Compostable Packaging, ULTRA GREEN SUSTAINABLE PACKAGING, International…
Compostable Packaging Market New Investment Growth Opportunities by 2027 | IPA C …
The Latest survey report on Compostable Packaging Market research gives a holistic overview of the growth and other aspects of the industry in vital countries (regions). The regions provided in this market document show the geographical boundaries across the globe. Moreover, the business report is segmented into several key regions such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India…
Compostable Packaging Market Size, Status and Global Outlook 2020 | TIPA Compost …
Compostable Packaging Market: Inclusive Insight The Compostable Packaging Market report provides estimations about the growth rate and the market value based on market dynamics and growth inducing factors. While preparing this Global Compostable Packaging market analysis report, few of the attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology. The well-established Key players in the market are: TIPA…