Biodegradable Paper and Plastic Packaging Market Expected to Witness a Steady Growth by 2024

Global Biodegradable Paper and Plastic Packaging Market: Overview

Packaging is one of the major industrial sectors in the world. The biodegradable packaging is a natural and easily degradable protection method for packaging. There are various advantages of using biodegradable packaging which is not provided by the conventional non-biodegradable packaging. There is no requirement of an external catalyst for the degradation of the biodegradable packaging; it degrades easily and quickly. Usually, the biodegradable materials are landfilled as compared to the non-biodegradable materials. The packaging attributes, appearance, and other properties vary according to the materials that are used for the biodegradable packaging. The packaging industry is a huge industrial sector but the biodegradable packaging sector is a small segment in it. In the recent years, the global biodegradable packaging has made development and has become more advanced. In the coming years, the biodegradable packaging will become an integral part of the packaging industry.

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Global Biodegradable Paper and Plastic Packaging Market: Segmentation

The global biodegradable paper and plastic packaging market are segmented on the basis of applications, type, and regions. On the basis of the application, the global biodegradable paper, and plastic packaging market is categorized into beverage packaging, personal and home care packaging, electronic appliance packaging, food packaging, pharmaceuticals packaging and others. Based on the type of packaging, the market is divided into two materials paper and plastic. The regions where the global biodegradable paper and plastic packaging market is diversified are Asia-Pacific, Europe, North America and Rest of the World.

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Global Biodegradable Paper and Plastic Packaging Market: Growth Factors

Environmental concerns are the primary factor that is contributing to the market growth. The biodegradable materials easily degrade, hence there are fewer chances of the environment getting polluted. The major packaging industries are increasing the usage of the biodegradable packaging in order to achieve the customer satisfaction. Many manufacturers are now shifting focus from the conventional packaging methods to biodegradable packaging in order to differentiate their products in the market. The food packaging and beverage packaging industry play a vital role in driving the global biodegradable paper and plastic market. Boxboard and the corrugated board will dominate the biodegradable paper packaging market. The biodegradable plastics are consumed on a large scale in the textiles, pharmaceuticals, and consumer goods industry.

Global Biodegradable Paper and Plastic Packaging Market: Regional Analysis

North America and Europe dominate the global pharmaceutical packaging market. In the North American region, the U.S. is the largest consumer of the biodegradable packaging materials. In the Asia Pacific region, the countries such as China, Malaysia, India, and Thailand fuel the market growth owing to the rise in consumer awareness toward the biodegradable plastic and paper packaging products. The pharmaceuticals packaging industry is growing in the Asia-Pacific region, which in turn is propelling the market growth. In the Latin American region, Brazil is the largest market holder owing to the increasing disposable income and the economic development.

Global Biodegradable Paper and Plastic Packaging Market: Competitive Players

Some of the key market players in the biodegradable paper and plastic packaging market are Smurfit Kappa Group, Rocktenn, BASF, Mondi Group, Stora Enso, Reynolds Group Holding Limited, Clearwater Paper Corporation, Novamont S.P.A., Amcor, Kruger Inc., Rocktenn, Smurfit Kappa Group, and International Corp. Other players in the global market include Be Green Packaging LLC, Georgia-Pacific LLC, Tetra Laval, Natureworks LLC, Mondi Group, Biopac UK Ltd., Berkley International Packaging and Ranpak Corp.

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