Press release
Biodegradable Paper & Plastic Packaging Market Analysis with Top Industry Leaders: Stora Enso, Kruger Inc., BASF, Eco-Products, Mondi Group, Biopac UK Limited, Berkley, BioBag Americas, International Paper, Novamont, Cedar Grove, Smurfit Kappa, Ranpak
Biodegradable Paper & Plastic Packaging Market
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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. The key players operating in the Global Market are –
· International Paper
· Amcor
· Georgia-Pacific
· WestRock Company
· Mondi
· STORA ENSO
· Clearwater Paper Corporation
· Smurfit Kappa Group
· Kruger Inc.
· Novamont S.p.A.
· BASF SE
· Biopac India Corporation Ltd.
· NatureWorks LLC
· Ranpak
The other players in the market are 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, are among the others mentioned in the Global Biodegradable Paper & Plastic Packaging Market report.
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.
Increasing consumer awareness towards the environment and their shifting preference from the synthetic product is the main factor which is contributing to the demand for Biodegradable paper & plastic packaging . Global biodegradable paper & plastic packaging Market have products that are gradually finding acceptance in a wide variety of industries, as it is eco-friendly and having a low impact on the environment. 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.
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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
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
Market Restraint:
· Growing investments in recyclable packaging solutions
· Lack of supply of bio-plastics and related materials
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