Bio-degradable Packaging Market Volume Analysis, Segments, Value Share and Key Trends 2017-2022

This market is mainly driven by the growing conscientious population and government regulations that have started focusing towards the reduction of wastage and usage of bio-degradable packaging materials. However, the lack of supply of bio-plastics and the higher cost of materials are hindering the growth of this market. The two major segments of this market include bio-degradable plastic packaging and bio-degradable paper packaging market. The bio-degradable plastic packaging accounts for more than 95% of the market but however the bio-degradable paper packaging market is showing traction and is expected to witness high growth over the forecast period.

The global bio-degradable packaging market is estimated at USD 4.92 billion in 2016 and is projected to reach USD 12.60 billion by the end of 2022 at a CAGR of 16.87% duirng the period 2017 - 2022. Asia-Pacific region dominates the bio-degradable paper packaging market followed by North America and European regions. Food packaging is a major segment accounting for more than 65% of bio-degradable plastic & paper packaging market.

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The global bio-degradable packaging market is segmented on the basis of Type: plastic (starch, cellulose, PLA, PHA, PHB), paper (kraft, flexible, corrugated, box-board), region (North America, Europe, Asia-Pacific, rest of the world). The market is also segmented on the basis of applications such as food, beverage, pharmaceutical, personal/homecare 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 packaging market. Some of the top companies mentioned in the report are Tetra Pak, Amcor, Mondi Group, Imex Packaging, McNichols Co, Kruger Inc., Biopac, Smurfit Kappa Group, Berkley International Packaging, EarthFirst Brand Films, GreenBlue, International Paper, Ranpak Corp and Others.

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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 bio-degradable packaging market along with identification of key drivers and restraints for the market.
Market analysis for the global bio-degradable 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 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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