Press release
Bio-degradable Paper Packaging is growing at a CAGR of 6.92%
bio-degradable paper packaging market, bio-degradable paper packaging market analysis, bio-degradable paper packaging market data,
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There has been increased focus towards the packaging solutions which are harmful to nature. Demand from environmental activists and consumers alike has made sure that packaging manufacturers innovate solutions which are environment-friendly and can keep the products safe for a longer period. Paper, even though derived from the plants, is bio-degradable and may contain coatings and heavy metal ink that often prevents them from meeting compostable or bio-degradable requirements.
Bio-degradable paper packaging market is mainly driven by the growing conscientious population and government regulations, which have started focusing on the reduction of wastage and usage of bio-degradable packaging materials. However, the growth and advancement in bio-degradable plastics and the higher cost of materials are hindering the growth of this market.
The global bio-degradable paper packaging market is estimated at USD 268.7 million in 2016 and is projected to reach USD 375.46 million by the end of 2021 which is growing at a CAGR of 6.92%. Asia-Pacific is leading the market with 38% share in 2016 followed by North America and Europe.
The global bio-degradable paper packaging market is segmented on the basis of type (kraft, flexible, corrugated paper-board, box-board), region (North America, Europe, Asia-Pacific, rest of the world) with further country-wise segmentation. The market is also segmented on the basis of industry verticals such as FMCG, hospital, manufacturing, agriculture, fashion and apparels, electronics & appliances, automotive and others.
This report also describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and key profiles of leading suppliers of global bio-degradable paper packaging market. Some of the top companies mentioned in the report are Reynolds Group Holding Limited, Tetra Laval, Amcor, Mondi Group, Kruger Inc., Biopac UK Ltd, Smurfit Kappa Group, Berkley International Packaging, International Corp, Ranpak Corp, Be Green Packaging LLC and Others.
DRIVERS
Growing conscientious population
Stringent government regulations
RESTRAINTS
Lack of supply of bio-plastics and related materials
Higher costs
What the report offers
Market definition for the global bio-degradable paper packaging market along with identification of key drivers and restraints for the market.
Market analysis for the global bio-degradable paper packaging market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the bio-degradable paper packaging market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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