openPR Logo
Press release

Biodegradable Packaging Market - Comprehensive Study Explores Huge Growth in Future including Leading Key Players: Clearwater Paper Corporation, International Corp., Mondi Group, Amcor, Rocktenn, Novamont S.P.A., Smurfit Kappa Group, Kruger Inc., Reynolds

Biodegradable Packaging Market - Comprehensive Study Explores

The global Biodegradable Packaging Market generated USD 5.10 billion in 2017 and is anticipated to grow at a CAGR of 17.4% from 2018 to 2026.

Biodegradable as a term refers to the presence of things that are obtained from renewable sources, or are directly found from the nature and decompose completely with the help of micro organisms in a composting area. There is an urgent need at present to create materials that can be recycled making biodegradable packaging one of the new trends for green living. Biodegradable packaging involves use of bio-based materials for packaging. Nowadays, it is seen that there is an increasing demand for healthier and safer food packaging that has acted as a major driver for the overall growth of the biodegradable packaging market. Along with this, it is the growing consumer awareness towards eco-friendly products in the recent times that have driven the market demand for biodegradable packaging.

Get Free PDF for more Professional and Technical insights @ https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market/request-for-free-sample/

The improvement in consumer knowledge & awareness about the environment as well as stricter governmental regulations towards waste reduction and usage of eco-friendly materials will further provide numerous opportunities to the biodegradable packaging market in upcoming years. The usage of biodegradable packaging is increasing globally across all the regions that are both developed like Europe or North America and developing like Asia Pacific. However, it is higher focus on the biodegradable materials and lower attention towards the biodegradability as a process that is acting as a major restraint for the market growth.

A few key strategies adopted by companies present in the global biodegradable packaging market are new product and technology development, geographical expansion and mergers & acquisitions among others. For example, Amcor teamed up with Plantic Technologies for developing a flexible and biodegradable plastic packaging for confectionery. The company also announced about its plan to become one of the first packaging company globally to develop all its packaging as recyclable or reusable by 2025.

The global biodegradable packaging market is divided on the basis of product type, end-use industry and region. Based on product type, the market is bifurcated into plastics and paper. The plastics are further divided into cellulose, starch, PHA, and PLA among others where the starch and PLA held the major market share among all other types. The properties such as high strength and recyclability of the starch polymers have resulted in the starch and PLA holding significant market share in the biodegradable packaging market. The paper is also segmented into kraft, flexible, corrugated, and box board. The increase in usage of box board for packaging has led the paper to be the fastest growing segment among the product type in the biodegradable packaging market. Considering the end-use industries, the market is classified into food & beverages, healthcare, and personal care/homecare among others. The food & beverages segment is expected to hold the largest market share in the biodegradable packaging market. The increase in government regulations in terms of food packaging has led to a shift towards the usage of degradable or biodegradable packaging for food & beverages industry.

The leading players operating in the global biodegradable packaging market are Kruger Inc., Clearwater Paper Corporation, International Corp., Mondi Group, Amcor, Rocktenn, Novamont S.P.A., Smurfit Kappa Group, Reynolds Group Holding Limited, Stora Enso, and BASF SE among others.

Inquire Before Buying @ https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market/inquire-before-buying/

Key Segments

Product Type
• Paper
o Kraft
o Flexible
o Corrugated
o Box board
• Plastics
o Cellulose
o Starch
o PHA
o PLA
o Others

End-use Industry
• Food & beverages
• Healthcare
• Personal care/homecare
• Others

Region
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
• Asia-Pacific
o China
o India
o Japan
• Latin America
o Brazil
o Mexico
• Middle East and Africa

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.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 Biodegradable Packaging Market - Comprehensive Study Explores Huge Growth in Future including Leading Key Players: Clearwater Paper Corporation, International Corp., Mondi Group, Amcor, Rocktenn, Novamont S.P.A., Smurfit Kappa Group, Kruger Inc., Reynolds here

News-ID: 1346252 • Views: 70

More Releases from Polaris Market Research & Consulting

Access Control System Market 2027 | 3M Cogent Inc., Accu-Time Systems Inc., Awar …
Polaris Market Research has announced the addition of the " Access Control System Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Access Control System Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Download Sample Copy: https://www.polarismarketresearch.com/industry-analysis/access-control-system-market/request-for-sample The key players covered in this study • Honeywell International • Bosch security • Johnson Controls • Accu-Time Systems Inc. • Bio-Key International Inc. • United
Special Effect Masterbatches Market Size Worth $4.69 Billion By 2027 | Industry …
Polaris Market Research has announced the addition of the " Special Effect Masterbatches Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Special Effect Masterbatches Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report provides in depth study of "Special Effect Masterbatches Market" using SWOT analysis i.e. Strength, Weakness,
Marine Seats Market Global Study Report 2027 | Grammer AG, Leader Accessories LL …
Polaris Market Research has announced the addition of the " Marine Seats Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Marine Seats Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report provides in depth study of "Marine Seats Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat
Asphalt Pavers Market Overall Global Study Report 2027 | Caterpillar, Sunroc Cor …
Polaris Market Research has announced the addition of the " Asphalt Pavers Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Asphalt Pavers Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report provides in depth study of "Asphalt Pavers Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat

All 5 Releases


More Releases for Biodegradable

Global Biodegradable Films Market Report
The global biodegradable films market is projected to grow at a CAGR of 6.1 percent in the forecast years, according to a recent research report gathered by the Global Market Estimates. Browse 167 Market Data Tables and 97 Figures spread through 188 Pages and in-depth TOC on "Biodegradable Films Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-biodegradable-films-market-2518 By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture,
Global Biodegradable Films Market Report
The global biodegradable films market is projected to grow at a CAGR of 6.1 percent in the forecast years, according to a recent research report gathered by the Global Market Estimates. Browse 167 Market Data Tables and 97 Figures spread through 188 Pages and in-depth TOC on "Biodegradable Films Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-biodegradable-films-market-2518 By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture,
Biodegradable Bioplastic Manufacturing / Processing Unit
Biodegradable plastic is a type of Renewable or naturally degradable or Disposable plastic, which has been invested to minimize the pollution from the earth. Currently, conventional plastic or Petro-chemical based plastics have captured 95% of the plastic industry. But, the use of plastic has been banned in various countries, due to the polluting nature of the non-recyclable plastic. Hence, the production of bioplastics is predicted replace by 10% - 35%
Global Biodegradable Packaging Market
Global Biodegradable Packaging Market – Industry Analysis and Forecast (2018-2026) – by Material Type, Application, and Region. Global Biodegradable Packaging Market was valued at US$ 6.67 Bn in 2017 and is expected to reach US$ 18.27 Bn by 2026, at a CAGR of 13.42% during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data
Biobased Biodegradable Plastics Market Report 2018: Segmentation by Product (Pol …
Global Biobased Biodegradable Plastics market research report provides company profile for Natureworks, Metabolix, Corbion, Biome Technologies, BASF, DOW, Novamont and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation
Thailand bets on biodegradable plastic
Thailand has adopted new methods in material sciences, by making biodegradable plastic with sugarcane feedstock at an investment of USD100 million. Thailand’s vast reserves of eco waste from its world-class agricultural industry are also being turned into bio gas for powering turbines. Will Thailand use agricultural waste products to create new green industries? For more information, please visit our newsroom section here: https://goo.gl/LvpsDS Spire Research and Consulting was established in 2000 to address