Press release
Biodegradable Paper & Plastic Packaging Market Gaining With Healthy Growth Rate And Players Like Clearwater Paper, Smurfit Kappa Group, BASF, Kruger, Novamont and More 2018 to 2025
Biodegradable Paper & Plastic Packaging Market
The Global Biodegradable Paper & Plastic Packaging Market is expected to reach USD 19.51 million by 2025, from USD 6.42 million in 2017 growing at a CAGR of 14.31% during the forecast period of 2018 to 2025.
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Market Definition: Global Biodegradable Paper & Plastic Packaging Market
Biodegradable paper & plastic packaging products are gradually finding acceptance in a wide variety of industries, as it is eco-friendly and having a low impact on the environment. Increasing consumer awareness towards the environment and their shifting preference from the synthetic product is the main factor which is contributing to the the demand for biodegradable paper & plastic packaging. Food & beverage industry is the largest markets where biodegradable paper & plastic packaging is used.
According to British Plastic Federation – plastic arising in the U.K. is 3.7 million tonnes out of which 32.0% is recycled and 70.0% is recovered. It also stated that U.K. has a plastic packaging recycling target of 57.0% by 2020. to meet this target The BPF and Plastic Europe with the help of WRAP are imposing Plastic Industry Recycling Action Plan (PIRAP). As per the International Paper, In 2017, investment around USD 300 million to convert uncoated freesheet to high-quality whitetop linerboard and containerboard at the riverdale mill in selma, Alabama, and targeted to complete by mid – year of 2019, Addition of 450,000 tons of annual capacity, with the flexibility to shift between containerboard products is expected with this investment. These growing awareness regarding environment around the globe is propelling the demand for biodegradable paper & plastic packaging.
Market Drivers:
• Increasing government regulations
• High demand in packaging, automotive, and electrical & electronics sector
• Awareness about the harmful impact of plastics disposal on the environment
Market Restraint:
• Growing investments in recyclable packaging solutions
• Lack of supply of bio-plastics and related materials
Segmentation: Global Biodegradable Paper & Plastic Packaging Market
By Packaging Type
• Plastic
• Paper
By Application
• Personal & Home Care Packaging
• Food Packaging
• Beverage Packaging
• Pharmaceuticals Packaging
• Others
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
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Competitive Landscape: Global Biodegradable Paper & Plastic Packaging Market
The global biodegradable paper & plastic packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biodegradable paper & plastic packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Biodegradable Paper & Plastic Packaging Market
The key players operating in the global biodegradable paper & plastic packaging market are –
• International Paper.
• Georgia-Pacific.
• WestRock Company.
• Mondi
• STORA ENSO
The other players in the market are Clearwater Paper Corporation, Smurfit Kappa Group, Kruger Inc., Novamont S.p.A., BASF SE, Biopac India Corporation Ltd., NatureWorks LLC, Down2Earth Materials., PreScouter.,Green Packaging, BioBag Americas, Inc,Cedar Grove Composting, Inc.,Chamness Biodegradables, Eco-gecko Products Inc, Eco-Products, Inc, ECOWORLD, Ultra Green Sustainable Packaging, among others.
Research Methodology: Global Biodegradable Paper & Plastic Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the Report:
• Historical and current market size and projection up to 2025
• Market trends impacting the growth of the global biodegradable paper & plastic packaging market
• Analyze and forecast the biodegradable paper & plastic packaging market on the basis of packaging type and application
• Trends of key regional and country-level markets for packaging type and application
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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