Biodegradable Paper and Plastic Packaging Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.1% in the forecast period of 2021 to 2028 and is expected to reach USD 71,24,689.09 thousand by 2028. Increasing demand of food and beverages sector is the driving factor for the biodegradable paper & plastic packaging market growth.
Biodegradable packaging is characterized as a means of ensuring that goods are 100% safe against natural degradation. Consumers are changing their choice from synthetic plastic to biodegradable paper & plastic packaging because it is a very eco-friendly product with a low environmental impact. In different sectors, including packaging, food and beverages and the healthcare sector, biodegradable packaging has various applications.
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The major players covered in the global biodegradable paper & plastic packaging market reports are:
Riverside Paper Co. Inc., SmartSolve Industries, STOROPACK HANS REICHENECKER GMBH, Özsoy Plastik, Ultra Green Sustainable Packaging, Hoşgör Plastik, Eurocell S.r.l., DoECO, Shanghai Disoxidation Enterprise Development Co.,Ltd, Stora Enso, Chamness Biodegradables LLC, Robert Cullen Ltd., Tekpak Solutions, International Paper, Be Green Packaging HQ, Hsing Chung Paper Ltd., Ecoware, American Container Concepts Corp., American Excelsior, Inc., BioApply, Federal Industries, Termoplast srl, The Biodegradable Bag Company Ltd. and SAVOPAC among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
On the basis of end-user, the biodegradable paper & plastic packaging market is segmented into packaging, food and beverage, catering service wares, personal and home care, healthcare and others. In 2021, food and beverage industry is dominating in the market globally because of the increased demand for packaging the food materials.
Global Biodegradable Paper & Plastic Packaging Market Country Level Analysis
Global biodegradable paper & plastic packaging market is analyzed and market size information is provided by country, material, type and end-user as referenced above.
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The countries covered in the global biodegradable paper & plastic packaging market report is:
U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Belgium, Russia, Switzerland, Netherlands, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, rest of South America, South Africa and rest of Middle East and Africa.
Competitive Landscape and Global Biodegradable Paper & Plastic Packaging Market Share Analysis
The biodegradable paper & plastic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global biodegradable paper & plastic packaging market.
In May 2019, International Paper signed an agreement with the West Coast Paper Mills Limited to sell its present controlling shares to an Indian based paper business namely International Paper APPM Limited. The agreement was focused on the growth of global packaging and cellulose fiber business segment resulting in increase of the market shares of the company.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organization to improve their offering for biodegradable paper & plastic packaging.