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Sustainable Plastic Packaging Market 2020-2025: Amcor PLC, Sonoco Products Company, Sealed Air Corporation, Huhtamaki OYJ, Berry Global Inc and Others.

05-25-2020 10:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Sustainable Plastic Packaging Market 2020-2025: Amcor PLC,

According to Market Study Report, Sustainable Plastic Packaging Market provides a comprehensive analysis of the Sustainable Plastic Packaging Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.This report also provides market landscape and market share information in the Sustainable Plastic Packaging Market.

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The Global Sustainable Plastic Packaging Market size is projected to grow from USD 89.0 Billion in 2020 to USD 117.3 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast year.This report spread across 205 pages, profiling companies and supported with 248 tables and 44 figures are now available in this research.

Top Key Players Profiled in the Sustainable Plastic Packaging Market:
o Amcor PLC (Australia)
o Sonoco Products Company (US)
o Sealed Air Corporation (US)
o Huhtamaki OYJ (Finland)
o Berry Global Inc. (US)

"In terms of value and volume, the biodegradable segment is estimated to be the fastest-growing process in the sustainable plastic packaging market between 2020 and 2025."
Biodegradable plastic decomposes naturally in the environment. This is achieved when microorganisms in the environment metabolize and break down the structure of biodegradable plastic. It is less harmful to the environment than traditional plastics. Biodegradable plastics can be composed of bioplastics manufactured from renewable raw materials. Innovation plays a key role in the biodegradable plastic packaging market.

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"The food & beverage segment was the largest end-use sector in the sustainable plastic packaging market in 2019."
The food & beverage industry is a major one in the sustainable packaging market. The primary function of food & beverage packaging is to reduce food loss and increase the shelf-life of food products. Global players are aiming at using innovative packaging materials developed from degradable and recyclable materials in order to achieve sustainability. Consumers seek convenience food solutions due to lack of time.

"APAC is projected to account for the largest share in the sustainable plastic packaging market during the forecast period."
APAC is projected to lead the sustainable plastic packaging market, in terms of both value and volume, between2020 and2025. According to the World Bank, in 2017, APAC was the fastest-growing region in terms of both population and economic growth. Countries such as India and China are expected to post high growth in the sustainable plastic packaging market due to growing developmental activities and rapid economic expansion

Breakdown of primary participants' profile:
o By Department: Sales/Export/Marketing: 54%, Managers: 23%, and CXOs: 23%
o By Designation: Managers: 61%, CXOs: 23%, and Executives:16%
o By Region: APAC: 33%, Europe: 27%, North America: 25%, Middle East & Africa: 10%, and South America: 5%

Competitive Landscape of Sustainable Plastic Packaging Market:
1 Overview
2 Micro Quadrant For Sustainable Plastic Packaging Manufacturers
3 Sustainable Plastic Packaging Market (Global) Competitive Leadership Mapping
3.1 Strength Of Product Portfolio Of Major Companies
3.2 Business Strategy Excellence Of Major Companies
2 Competitive Scenario
2.1 Mergers & Acquisitions
2.2 Expansions & Investments
2.3 Partnerships & Joint Ventures
2.4 New Product Developments

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Reason to access this report:
The report is projected to help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall sustainable plastic packaging market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

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