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Biodegradable Paper & Plastic Packaging Market Comprehensive Analysis 2025: BASF, Eco-Products, Mondi Group, Stora Enso, Kruger Inc., Biopac UK Limited, International Paper, Berkley, BioBag Americas, Novamont, Smurfit Kappa, Cedar Grove, Ranpak, RockTenn
Press release from: Data Bridge Market Research
Biodegradable paper & plastic packaging market report is a comprehensive study in the market it tells about what the market status in the forecast period of 2018-2025. This biodegradable paper & plastic packaging market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Biodegradable paper & plastic packaging Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry.
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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 . 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. Food & beverage industry is the largest markets where biodegradable paper & plastic packaging is used. 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 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. The key players operating in the Global Market are –
· International Paper
· WestRock Company
· STORA ENSO
· Clearwater Paper Corporation
· Smurfit Kappa Group
· Kruger Inc.
· Novamont S.p.A.
· BASF SE
· Biopac India Corporation Ltd.
· NatureWorks LLC
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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· Increasing government regulations
· High demand in packaging, automotive, and electrical & electronics sector
· Awareness about the harmful impact of plastics disposal on the environment
Segmentation: Global Biodegradable Paper & Plastic Packaging Market
By Packaging Type
· Personal & Home Care Packaging
· Food Packaging
· Beverage Packaging
· Pharmaceuticals Packaging
· North America
· South America
· Middle East & Africa
· Growing investments in recyclable packaging solutions
· Lack of supply of bio-plastics and related materials
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