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
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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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