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Biodegradable Paper & Plastic Packaging Market Worth USD 38.51 billion by 2029, at 15.2% CAGR, Trends, Growth Opportunity and Forecast
Biodegradable Paper & Plastic Packaging Market Overview:Biodegradable plastic packaging market is projected to witness immense growth opportunities in the upcoming years. Naturally-derived polymers consisting of multiple agricultural products including starch, cellulose, protein and vegetable oil are biodegradable packaging materials. Mostly renewables and are helpable to preserve a sustainable atmosphere are biodegradable polymers from those sources. The harmful, non-biodegradable, and global warming as well as water and air pollution lead to traditional plastics for packaging. Several governments have, therefore, imposed several regulations prohibiting the use of standard plastic bags, thus increasing the consumption of paper and biodegradable plastic bags for packaging.
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The global Biodegradable Paper & Plastic Packaging market is estimated at USD 10.77 billion in 2020 and is forecast to surpass USD 38.51 billion by 2029, growing at a CAGR of 15.2% from 2022-2029.
Biodegradable Paper & Plastic Packaging Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are biodegradable paper and plastic packaging, Hoşgör Plastik, Eurocell S.r.l., DoECO, Shanghai Disoxidation Enterprise Development Co.,Ltd, Stora Enso, Chamness Biodegradables LLC, Robert Cullen Ltd., Tekpak Solutions, International Paper, Be Green Packaging and Others
Recent Developments
December 2021, Earthfirst, a global manufacturer of biopolymer flexible packaging films, launched home and industrial compostable overwrap films that are both high performance and sustainable.
November 2021, Smurfit Kappa Bag-in-Box launched a new thermo-laminated film - M-Compact 77, which uses heat to bond individual films together rather than the adhesives required for the proper lamination
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Biodegradable Paper & Plastic Packaging Market Segmentation:
Biodegradable Plastic and Paper Packaging Market By Type, 2020-2029, (USD Million) (Kilotons)
Polylactic Acid (PLA)
Starch
Polyhydroxyalkanoates (PHA)
Polycaprolactone (PCL)
Polybutylene Succinate (PBS)
Biodegradable Plastic and Paper Packaging Market By Application, 2020-2029, (USD Million) (Kilotons)
Food Packaging
Beverage Packaging
Pharmaceuticals Packaging
Personal & Home Care Packaging
Growth Factors:
Increasing demand from the Biodegradable Paper & Plastic Packaging industries
The growing use of Biodegradable Paper & Plastic Packaging in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Biodegradable Paper & Plastic Packaging Market
Biodegradable Paper & Plastic Packaging Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Targeted Audience
Government and Research Organizations
Consulting Companies in the Biodegradable Plastic Packaging Market
Raw Material Suppliers
Research Consultants
Investors and Shareholders
Key Biodegradable Paper & Plastic Packaging Market Trends
- The report identifies, determines, and forecasts the Global Biodegradable Paper & Plastic Packaging Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Biodegradable Paper & Plastic Packaging Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Biodegradable Paper & Plastic Packaging Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Biodegradable Paper & Plastic Packaging Market.
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