What Are Growth Drivers of Biodegradable Paper & Plastic Packaging Market? International Paper, Stora Enso, Russell Marks, SmartSolve, Tek Pak, Inc. , Storopack, Chamness Technology, American Excelsior Co, Eurocell plc, DoECO, Be Green Packaging, BioApply

Biodegradable Paper & Plastic Packaging is a professional and exhaustive report which focuses on primary and secondary drivers, market share, leading segments and geographical analysis. The report covers market overview, premium insights, key insights and company profiles in detail of the key market players. It becomes easy to analyse the actions of key players and its effect on the sales, import, export, revenue and CAGR values with this Biodegradable Paper & Plastic Packaging report. The report also recognizes and analyses the growing trends along with major drivers, restraints, challenges and opportunities in the Biodegradable Paper & Plastic Packaging industry. The report displays the systematic investigation of current scenario of the market, which covers several market dynamics.

Biodegradable Paper & Plastic Packaging Market is projected to register a healthy CAGR of 9.1% in the forecast period of 2019 to 2026.

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Biodegradable paper & plastic packaging is a product which is ecofriendly and do not release any carbon at the time of the manufacturing process. The demand for biodegradable paper & plastic packaging is growing due to the growing awareness among the population related to ecofriendly packaging and is applicable for variety of the industries such as pharmaceutical, food, healthcare and environmental.

Segmentation: Global Biodegradable Paper & Plastic Packaging Market

Global biodegradable paper & plastic packaging market is segmented into three notable segments which are material, type and end-user.

· On the basis of material, the market is segmented into plastic and paper.

o In March 2019, Stora Enso invested USD 5.65 million for building new product line at Hylte Mill in Sweden. The company will develop products and build infrastructure related to the manufacturing of fibre products. The company is engaged in providing biodegradable solutions for packaging.

· On the basis of type, the market is segmented into plastic and paper.

o In January 2019, STOROPACK HANS REICHENECKER GMBH signed a partnership with OPITZ Packaging Systems GmbH so that they can offer automated, efficient processes in packaging logistics. The company can offer their customers a comprehensive, individual range of products with the help of this partnership.

· On the basis of end-user, the market is segmented into packaging, food and beverage, catering servicewares, personal and home care, healthcare and others.

o In July 2017, Tekpak Solutions partnered with Aripack, a food and beverage packaging solution company to create an Omni-Cup Single-Serve coffee option for the first time. The single serve brewers will be composed of disposable capsules made of plastic and metal leading to safe disposal. Both the companies have focussed towards the category of coffee and are expanding the product catalogue offering rigid packaging solutions

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Some of the major players operating in this market are

· Riverside Paper Co. Inc.

· SmartSolve Industries

· STOROPACK HANS REICHENECKER GMBH

· Özsoy Plastik

Other Players are Ultra Green Sustainable Packaging, Hoşgör Plastik, Eurocell S.r.l., DoEco, Shanghai Disoxidation Enterprise Development Co.Ltd, Stora Enso, Chamness Biodegradables, Robert Cullen Ltd., Tekpak Solutions, International Paper, Be Green Packaging HQ, Hsing Chung Paper Ltd., Ecoware, American Container Concepts Corp., American Excelsior, Inc., BioApply, Federal Industries, Plastic Bag Partners, Termoplast srl and SAVOPAC.

The food and beverage industry is highly dependent on the packaging materials by using different types of plastics. It is considered most accurate and beneficial material for the safety of the food products. People have started the consumption of biodegradable packaging materials in carrying the food items. Thus, the demand for biodegradable paper & plastic packaging market is growing.

Product Launch

· In January 2019, STOROPACK HANS REICHENECKER GMBH launched a new product PAPERplus which will increase the company’s focus on sustainability.

· In May 2019, SmartSolve Industries launched a new series of water-soluble, eco-friendly paper which can be used for packaging and labelling. It will develop the core competencies of materials, science, and engineering.

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

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