Global Biodegradable Paper and Plastic Packaging Market is valued approximately USD $ billion in 2021 and is projected to grow at a growth rate of more than $ over the forecast period 2022-2028. Biodegradable paper and plastic packaging is considered as environment-friendly and efficient packaging solution. They are made from renewable materials such as corn-based materials, cassava, and other natural materials, which are easy to compost and reuse the waste. The cohesive government initiatives to promote the adoption of biodegradable products around the world.
For instance, in 2019, European Union announced the policy initiatives to boost the use of resources by adopting a clean, circular economy and restore biodiversity by bringing down pollution levels. Likewise, in July 2019, UK government launched bioplastics drive to promote innovation in bioplastics. The other driving factor for the market growth is increase in the launch of new products.
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For instance, in September 2021, Frito-Lay, launched an industrially compostable bag for its “Off The Eaten Path brand”. Also, with the rise in research & development in biodegradable products, increase in awareness among consumers to adopt biodegradable packaging, and growth in packaged food industry are the factors contributing to the market growth over the forecast period. However, limited investment in biodegradable plastic production and high cost of the products impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Biodegradable paper and plastic packaging market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the dominating region across the world in terms of market share owing to the growing adoption of bioplastics and rise in strategic initiatives undertaken by private players. Whereas Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028 due to rising end-user industries such as food & beverages, pharmaceuticals and others coupled with favorable government initiatives across Asia-Pacific region.
Major market player included in this report are:
Riverside Paper Co. Inc.
SmartSolve Industries
Storopack Hans Reichenecker GMBH
Ozsoy Plastik
Ultra Green Sustainable Packaging
Hosgor Plastik
Eurocell S.r.l.
DoECO
Shanghai Disoxidation Enterprise Development Co. Ltd.
Stora Enso
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Food Packaging
Beverage Packaging
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Pharmaceuticals Packaging
Others
By Packaging Type:
Plastic
Paper
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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- Major geographic and market segments to target, and end-user goal organizations and their workable operational volumes
- Representative and a cost chain possibility breakdown
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- The market’s predominant riding forces
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- Initiatives with a strategic focal point on the pinnacle vendors.
- PEST learn about of the 5 principal market regions.
Here the file gives small print on import and export, production, earnings, and important gamers throughout all areas examined. It covers vital manufacturers, tremendous market segments, the vary of items on provide in the world market, years are taken into account, and lookup goals.
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