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Biodegradable Paper And Plastic Packaging Market

Biodegradable Paper and Plastic Packaging Market Forecasts to 2028 – Global Analysis By Packaging Type (Plastic, Paper), Application (Food Packaging, Catering Servicewares, Personal and Home Care Packaging), and By Geography

4.6 (27 reviews)
Published: January 2022 ID: SMRC21259
4.6 (27 reviews)
Published: January 2022 ID: SMRC21259

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Biodegradable Paper and Plastic Packaging Market is accounted for $8.05 billion in 2020 and is expected to reach $26.75 billion by 2028 growing at a CAGR of 16.2% during the forecast period. Increasing vector borne diseases being caused by single use plastics, growing consumer awareness towards eco-friendly products and rising use of paper and plastics in the packaging industry are the major factors propelling the market growth. However, cost of raw material and lack of sufficient technology are hampering the 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.

Based on application, the food packaging segment is estimated to have a lucrative growth due to the significant increase in consumer demand. Competition amongst industry participants for product differentiation is expected to augment biodegradable paper and plastic packaging market growth in the food packaging application segment.

By geography, Europe is going to have a lucrative growth during the forecast period due to the rising government initiatives that are promoting the use of bioplastic packaging. Germany is dominating in the Europe biodegradable paper & plastic packaging market due to the increasing demand of packed food product in plastic containers in the country.

Some of the key players profiled in the Biodegradable Paper and Plastic Packaging Market include Amcor Plc, BagInCo International, BASF SE, Bio-Eco, DS Smith, Georgia-Pacific LLC, Holmen AB, International Paper Co., Kruger Inc., Mondi Group, Plascon Group, PMMI Media Group, Reynolds Group, Smurfit Kappa Group Plc, Stora Enso Oyj, and WestRock.
 
Packaging Types Covered:
• Plastic
• Paper

Applications Covered:
• Food Packaging
• Catering Servicewares
• Personal and Home Care Packaging
• Pharmaceuticals & Healthcare Packaging
• Beverage Packaging
• Consumer Goods & Electronic Appliances
• Logistics

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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