Biodegradable Packaging Market Analysis by Recent Developments and Trends 2022- Tetra Pak International SA, Amcor PLC, Mondi Group, Imex Packaging, Elevate Packaging Inc

Biodegradable Packaging Market research report aims at answering various features of the global Biodegradable Packaging Market with the help of the key factors driving the market, the restraints, and the challenges that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future path of the market expansion. The report contains an in-depth examination of the key players and recent developments taking place in this market. Furthermore, the report includes chapters on market dynamics (market drivers, opportunities, and challenges) and industry analysis as well.

The Biodegradable Packaging Market was valued at USD 93.59 billion in 2020 and is expected to reach a value of USD 126.85 billion by 2027 at a CAGR of 5.3% over the forecast period (2022-2027)

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Biodegradable Packaging Market Segmentation

Top prime companies in the global Biodegradable Packaging Market are - Tetra Pak International SA, Amcor PLC, Mondi Group, Imex Packaging, Elevate Packaging Inc., Kruger Inc., Biopak PTY LTD (Duni Group), Smurfit Kappa Group PLC, Berkley International Packaging Limited ?, Greenpack Limited, International Paper Company, Ranpak Holding Corporation

NEWS AN UPDATES

- May 2020 - Tetra Pak joins the European alliance for a green recovery, launched by the European Parliament on 14 April 2020, with a view to building a better future post the COVID-19 pandemic. The alliance gathers stakeholders to support a green recovery plan that puts the fight against climate change, the protection of biodiversity, and resilient food supply chains at the center of Europe's economic policy for the next seven years.

- Mar 2020 - Amcor collaborated with the Healthcare Plastics Recycling Council (HPRC) will help foster more sustainable practices and innovation across the healthcare industry and to improve recyclability of plastic products.

Biodegradable Packaging Market Overview:
The Biodegradable Packaging solutions are finding increasing application in packaging owing to its low environmental impact, growing focus on recyclability and sustainability, government emphasis on efficient packaging management, and rising consumer awareness coupled with an increasing ban on plastic.

- The bio-based materials have several potential benefits for greenhouse gas balances and other environmental impacts over whole life cycles and in the use of renewable, rather than finite resources. It is intended that the use of biodegradable materials will contribute to sustainability and reduction in the environmental impact associated with the disposal of oil-based polymers.

- According to European bioplastics, Biodegradable plastics altogether, including PLA, PHA, starch blends, and others, account for over 55.5% (over one million tonnes) of the global bioplastics production capacities. The production of biodegradable plastics is expected to increase to 1.33 million in 2024, especially due to PHA's significant growth rates. Also, the Asia-Pacific region is expected to be a major hub for the bioplastics industry, with 45% of bioplastics were produced in the Asia-pacific region in 2019.

- The US-based Kroger Co. (which orders about 6 billion bags each year and is one of the largest grocery chains in the country) announced in 2018 that it will go plastic-bag free at all of its nearly 2,800 stores by 2025. The company serves almost 9 million people daily through two dozen different grocery chains. This is expected to drive the demand for biodegradable packaging (non-plastic).

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Table of Content

1 Market Overview
1.1 Market Segment Overview
1.1.1 Product Definition
1.1.2 Market by Type
1.1.3 Market by Application
1.2 Global Market Size

2 Global Market by Company
2.1 Global Sales by Company
2.2 Global Price by Company

3 Global Market by Type
3.1 Global Sales by Type
3.2 Global Price by Type

4 Global Market by Application
4.1 Global Sales by Application
4.2 Global Price by Application

5 Global Trade
5.1 Export
5.2 Import

6 Key Manufacturers
6.1 Company Information
6.2 Product Specifications
6.3 Business Data (Capacity, Sales Revenue, Volume, Price, Cost and Margin)
And Other…

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Frequently Asked Questions about the Biodegradable Packaging Market:

-What are the key market trends impacting the growth of the Global Biodegradable Packaging Market?

-Which regulations will be most helpful for stakeholders to boost their supply chain network?

-Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

-What will be the barrier to entry for new players in the market?

-What can be the best investment choices for venturing into new product and service lines?

-Which segment accounted for the largest Biodegradable Packaging Market share?

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