Pune, India -- (SBWire) -- 08/24/2018 --Forecasting Global Biodegradable Paper & Plastic Packaging Market Analysis By Packaging Type (Plastic and Paper) By Application (Personal & Home Care Packaging, Food Packaging, Beverage Packaging, Pharmaceuticals Packaging, Others) By Geography With Industry Trends and Forecast to 2025. The Biodegradable Paper & Plastic Packaging Market report contains data for historic years 2015 & 2016, the base year of Biodegradable Paper & Plastic Packaging Industry calculation is 2017 and the forecast period is 2018 to 2025. The 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.
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Biodegradable paper & plastic packaging products are gradually finding acceptance in a wide variety of industries, as it is eco-friendly and having a low impact on the environment. Increasing consumer awareness towards the environment and their shifting preference from the synthetic product is the main factor which is contributing to the the demand for biodegradable paper & plastic packaging. Industry is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in Biodegradable Paper & Plastic Packaging market.
The report includes market shares of biodegradable paper & plastic packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. The key players operating in the global biodegradable paper & plastic packaging market are –
- International Paper.
- Georgia-Pacific.
- WestRock Company.
- Mondi
- STORA ENSO
- Clearwater Paper Corporation,
- Smurfit Kappa Group
- Kruger Inc.
- Novamont S.p.A.
- BASF SE
Others: Biopac India Corporation Ltd., NatureWorks LLC, 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, among others.
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
Market Restraint:
- Growing investments in recyclable packaging solutions
- Lack of supply of bio-plastics and related materials
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Key Insights in the Report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global biodegradable paper & plastic packaging market
- Analyze and forecast the biodegradable paper & plastic packaging market on the basis of packaging type and application
- Trends of key regional and country-level markets for packaging type and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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
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Global Biodegradable Paper & Plastic Packaging Market 2018: Current Scenario and Global Industry Research Focusing on Top Vendors and Forecast 2025
Global Biodegradable Paper & Plastic Packaging Industry Trends and Forecast to 2025