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Compostable Packaging Market to Exhibit a Remarkable CAGR of 6.20% by 2031, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook
Market Definition:
Compostable products undergo biodegradation and disintegration into natural elements such as biomass, water, and carbon dioxide in a composting environment, leaving no harmful residues in the soil. Compostable plastic packaging, incorporating materials such as PBS, PBAT, PHA, PLA, and starch blends, mirrors conventional plastics in qualities such as shelf stability and durability but distinguishes itself by being fully compostable. These materials contribute nutrients to the soil upon complete breakdown.
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Some of the major players operating in the global compostable packaging market are:
TIPA LTD (Israel), SmartSolve Industries (U.S.), Özsoy Plastik (Turkey), ultragreen (U.S.), Hosgör Plastik (Turkey), Eurocell S.r.l (U.K.), Tetra Pak Group (Switzerland), Kruger Inc. (Canada), Amcor plc (Switzerland), Mondi (U.K.), International Paper (U.S.), Smurfit Kappa (Ireland), DS Smith (U.K.), Klabin SA (Brazil), Rengo Co. Ltd (Japan), WestRock Company (U.S.), Stora Enso (Sweden), Bemis Manufacturing Company (U.S.), BASF SE (Germany), Clearwater Paper Corporation (U.S.).
Competitive Landscape and Global Compostable Packaging Market Share Analysis:
The global compostable packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global compostable packaging market.
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