The biodegradable paper & plastic packaging market report gives a top to bottom examination on industry improvement designs, drivers, restrictions, structure, scope, different patterns, opportunities, challenges, market risk, and factors in the objective market till 2026. The examination in this biodegradable paper & plastic packaging report additionally offers shrewd and nitty-gritty data/information concerning end clients, new technologies, institutionalization, guideline, market projections and key Players working in the market. The biodegradable paper & plastic packaging market report is all around divided by the top producer, end clients, and their application with their particular information.
The biodegradable paper & plastic packaging market report covers diagrams together with market audit, division of the business, business scope, current market, and future estimate abuse business high Players, assortments and their uses. The biodegradable paper & plastic packaging report packs intelligent market understandings, verifiable investigation, delicate and Quantitative learning.
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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
- WestRock Company
- STORA ENSO
- Clearwater Paper Corporation
- Smurfit Kappa Group
- Kruger Inc.
- Novamont S.p.A.
- BASF SE
- Biopac India Corporation Ltd.
- NatureWorks LLC
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.
- Increasing government regulations
- High demand in packaging, automotive, and electrical & electronics sector
- Awareness about the harmful impact of plastics disposal on the environment
- 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
- Personal & Home Care Packaging
- Food Packaging
- Beverage Packaging
- Pharmaceuticals Packaging
- North America
- South America
- Middle East & Africa
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