IMPACT OF COVID-19 on Compostable Packaging Market 2021 Growth of CAGR 17.4% with Focusing Key players like International Paper, Smurfit Kappa, Mondi, BASF SE

Compostable packaging market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 17.4% in the forecast period of 2020 to 2027 and expected to reach USD 21,633.39 million by 2027.

Research analysts leverage their years of experience and expertise to create perfect and error-free Compostable Packaging Market analysis document. The vision and liveliness of an expert team make work swift and help create the best research report. This marketing report work as a strong bridge between the business and the very crucial market information that can go waste otherwise. The core values such as trust, integrity, and authenticity have been kept at the center while delivering this report to the client.

Some of the Top companies influencing this market include: TIPA Compostable Packaging, ULTRA GREEN SUSTAINABLE PACKAGING, International Paper, Smurfit Kappa, Mondi, BASF SE, Be Green Packaging HQ, Futamura Group, Stora Enso, WestRock Company, BIOPAK, Amcor plc, Wuxi Topteam Co.Ltd, NatureWorks LLC, Ecolifellc.com, Lithey Inc., Paper Water Bottle, Genpak, LLC, Biotec Pvt. Ltd, and Avani Eco among other domestic and global players.

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For instance,

Mondi collaborated hands with Ellen MacArthur Foundation so that they can decrease the level of plastic pollution. The focus of the collaboration is to enhance the design of the product and reach 100% recycled or compostable packaging products by the year 2025.
Genpak LLC and Danimer Scientific signed a partnership agreement to initiate a new stream of biodegradable food containers. It will help the company to decrease the impact of non-biodegradable products on the environment in the year 2019. With the help of this partnership the company will get cutting edge material so that they can create innovative packaging.  

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Be it about looking for new product trends or competitive analysis of an existing or emerging market, an excellent Compostable Packaging Market document has the best market research offerings and the required critical information. With this business report, companies can sharpen their competitive edge again and again. The market report has expert insights on global industries, products, company profiles, and market trends.

Conducts Overall COMPOSTABLE PACKAGING Market Segmentation: 

On the basis of product type, the market is segmented into bags, trays, cups, plates, films, lids, straws, cutlery, bowls, clamshells, pouches & sachets and others. Bags segment is dominating the market as they are easily available and these are cost-effective as compared to other types of compostable packaging.
On the basis of material, the market is segmented into plastic, paper & paperboard and others. Plastic dominates the market because plastic is widely used in different industries as compared to others and plastic is also less expensive. So, this segment dominates in the market.
On the basis of packaging layer, the market is segmented into primary packaging, secondary packaging and tertiary packaging. Primary Packaging is dominating because this provides protection against the damage of the packed articles as well as primary packaging is an initial part for packaging of any article, which is widely used in every industry.
On the basis of distribution channel, the market is segmented into B2B, supermarkets/hypermarkets, departmental stores, convenience stores, specialty stores, e-commerce and others. B2B segment is dominating in the market because different industries such as food and beverages, automotive and electrical directly contact for supplying of compostable packaging. In this, direct supply provides cost advantages to end users as compared to others.
On the basis of end-user, the market is segmented into food & beverages, medical, automotive, electrical & electronics, agriculture, textile goods, personal & home care, chemical and others. Food & beverages dominates the market because compostable packaging is widely used in food and beverages industries as compared to others as well as high consumption, rising health consciousness is the another reason for the growth.

Regions covered in the Compostable Packaging market report 2021:

North America: United States, Canada, and Mexico.

South & Central America: Argentina, Chile, and Brazil.

Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.

Europe: UK, France, Italy, Germany, Spain, and Russia.

Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

Europe dominates the compostable packaging market as in Germany and the countries like Russia, the production and consumption of bio-degradable plastic are very huge which boosts the demand in wide range of applications. The Asia-Pacific region is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of increasing business expansion and awareness among the customers. China is leading the growth of the Asia-Pacific market due to major usage of plastic bags in the retail stores. In the North America region, the country the U.S. is dominating as the packaging industry is growing very rapidly in the region. Also, with the increasing consumption of bottles and cans, the demand for compostable packaging is growing.

𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵:-

The outbreak of the COVID-19 pandemic since December 2019, had a major effect on the growth of the global Smart Mirror Market market, owing to the unavailability of required manual labor and strict travel rules worldwide, which restricted the movement of raw materials and finished products. Moreover, the sudden closing down of businesses and social distancing laws also affected the work in the manufacturing sector, which in turn affected the global Smart Mirror Market market.

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Table of Contents Covered In This Compostable Packaging Market Report:

1 List of Tables and Figures

2 Introductions

3 Key Takeaways

4 Market Landscape

5 Global Compostable Packaging Market and Key Industry Dynamics

6 Compostable Packaging Market Overview, Forecast and Analysis

7 Global Compostable Packaging Market Analysis By Solutions

8 Global Compostable Packaging Market Analysis By Services

9 Global Compostable Packaging Market Analysis By Industry Vertical

10 Global Compostable Packaging Market Geographical Analysis

11 Industry Landscape

12 Competitive Landscape

13 Compostable Packaging Market, Key Company Profiles

14 Appendix

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