Press release
Biodegradable Packaging Market Share, Trends, Size, Research and Forecast 2020-2026
A full report of Global Biodegradable Packaging Market is available at: https://www.omrglobal.com/industry-reports/biodegradable-packaging-market
The rapid R&D activities in order to produce biodegradable packaging materials are creating lucrative opportunities for market growth over the forecast period. The most used material is polylactic acid (PLA) which is currently used for the production of different packaging shapes including cups, bowls, foils, and food storage containers. Foamed PLA is used as an insulator and is an alternative to foamed polystyrene (PS). PLA has good mechanical properties, similar to polyethylene terephthalate (PET), and polypropylene (PP). Additionally, an important component is a plasticizer, which enhances flexibility and extensibility. In general, these coatings exhibit higher water permeability, lower oxygen permeability, and inferior mechanical properties compared with traditional packaging. This drives the global biodegradable packaging industry.
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Additionally, the integration of biodegradable PLA and PLA coated with a barrier of pure silicon oxide and in combination with a modified atmosphere extends the overall shelf life of the food product. Modified atmosphere packaging includes packaging which is made with carbon dioxide and nitrogen amalgamation to preserve the food for a long period. Modified atmosphere packaging amalgamated with the biodegradable packaging is likely to witness substantial growth in the overall market over the forecast period, which in turn, drives the global biodegradable packaging market.
Further, Mondi Group, Amcor Plc, Smurfit Kappa Group, International Paper Co., Berry Global Inc., Huhtamaki Group, TetraPak International S.A., and others are some of the key players contributing to the growth of the biodegradable packaging market. New product launches & developments, partnerships, agreements, and acquisitions are some of the key strategies adopted by the players in order to cope in the competitive market.
Global Biodegradable Packaging Market – Segmentation
By Material
• Paper
• Plastic
By Application
• Food & Beverage Packaging
• Consumer Goods & Electronics Packaging
• Pharmaceutical Packaging
• Other Applications
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Global Biodegradable Packaging Market– Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Amcor Plc
• BASF SE
• Bemis Co. Inc.
• Berry Global Inc.
• Biopac India Corp. Ltd.
• Biopak Pty Ltd.
• Clearwater Paper Corp.
• Elevate Packaging Inc.
• Georgia-Pacific LLC
• Greenpack Ltd.
• Huhtamaki Group
• Imex Packaging
• International Paper Co.
• Kruger Inc.
• Mondi Group
• Nampack Ltd.
• Novamont S.P.A
• Ranpak Holding Corp.
• Smurfit Kappa Group
• Stora Enso Oyj
• TetraPak International S.A.
• WestRock Co
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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