Biodegradable paper & plastic packaging Market Global Outlook With Amcor, Novamont, Ranpak, Tetra Laval International, Clearwater Paper Corporation, BASF, International Paper, Berkley, Georgia-Pacific LLC, Mondi Group, Stora Enso, Kruger Inc. , Smurfit Ka
Global Biodegradable paper & plastic packaging Market have products that are gradually finding acceptance in a wide variety of industries, as it is eco-friendly and having a low impact on the environment. Increasing consumer awareness towards the environment and their shifting preference from the synthetic product is the main factor which is contributing to the demand for biodegradable paper & plastic packaging. Food & beverage industry is the largest markets where biodegradable paper & plastic packaging is used.The main objective of this report on Biodegradable paper & plastic packaging market is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report’s preparation.
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The Global Biodegradable Paper & Plastic Packaging Market is expected to reach USD 19.51 million by 2025, from USD 6.42 million in 2017 growing at a CAGR of 14.31% during the forecast period of 2018 to 2025. According to British Plastic Federation – plastic arising in the U.K. is 3.7 million tonnes out of which 32.0% is recycled and 70.0% is recovered. The key players operating in the Global Biodegradable Paper & Plastic Packaging Market are –
· International Paper
· Amcor
· Georgia-Pacific
· WestRock Company
· Mondi
· STORA ENSO
· Clearwater Paper Corporation
· Smurfit Kappa Group
· Kruger Inc.
· Novamont S.p.A.
· BASF SE
· Biopac India Corporation Ltd.
· NatureWorks LLC
· Ranpak
The other players in the market are Down2Earth Materials., PreScouter.,Green Packaging, BioBag Americas, Inc,Cedar Grove Composting, Inc.,Chamness Biodegradables, Eco-gecko Products Inc, Eco-Products, Inc, ECOWORLD, Ultra Green Sustainable Packaging, are among the others mentioned in the Global Biodegradable Paper & Plastic Packaging Market report.
In 2017, investment around USD 300 million to convert uncoated freesheet to high-quality whitetop linerboard and containerboard at the riverdale mill in selma, Alabama, and targeted to complete by mid – year of 2019, Addition of 450,000 tons of annual capacity, with the flexibility to shift between containerboard products is expected with this investment.
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Market Drivers:
· Increasing government regulations
· High demand in packaging, automotive, and electrical & electronics sector
· Awareness about the harmful impact of plastics disposal on the environment
Market Restraint:
· Growing investments in recyclable packaging solutions
· Lack of supply of bio-plastics and related materials
Segmentation: Global Biodegradable Paper & Plastic Packaging Market
By Packaging Type
· Plastic
· Paper
By Application
· Personal & Home Care Packaging
· Food Packaging
· Beverage Packaging
· Pharmaceuticals Packaging
· Others
By Geography
· North America
· Europe
· Asia-Pacific
· South America
· Middle East & Africa
Key Highlights of Report
· Overview of key market forces propelling and restraining market growth
· Offers a clear understanding of the competitive landscape and key product segments
· An analysis of strategies of major competitors
· Detailed analyses of industry trends
· A well-defined technological growth map with an impact-analysis
• Provides profiles of major competitors of the market.
• Details of their operations, product and services.
• Recent developments and key financial metrics.
Customization Options
· All segmentation provided above in this report is represented at country level and can be customized according to needs.
· All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
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