Biodegradable Paper & Plastic Packaging Market Size and Growth Forecast Report 2020

Market Overview:

The biodegradable packaging is a new kind of natural and quickly degradable method for packaging. There are several benefits of using biodegradable packaging that is not provided by conventional means. There is no use of any external catalyst for the degradation of the biodegradable packaging; it degrades easily and quickly. Generally, the biodegradable materials are landfilled as compared to the non-biodegradable elements. The ****** biodegradable paper and plastic packaging market size was around USD 10.24 billion in 2019 and is estimated to grow at a CAGR of 14.11% to reach USD 19.81 billion by 2025.

Recent Developments:

On July 20, 2109, the Sustainable Fairfield Task Force (SFTF) and Recycling Department and Commission have introduced in Fairfield (Connecticut) a new composting program in order to cut down on food waste that is a vital source of the greenhouse gas methane. They wanted the residents to utilize their food waste through either home composting or curbside pickups.

Market drivers and restraints:

Issues related to the environment are the primary factor that is contributing to the ****** biodegradable paper and plastic packaging market growth. The biodegradable materials quickly diminish; therefore, there are lesser chances of the environment getting polluted. The critical packaging industries are escalating the usage of biodegradable packaging in order to achieve consumer satisfaction. Several companies are now moving from the conventional packaging methods to biodegradable packaging to differentiate their portfolio in the market.

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Report segmented as:

By application:

  • beverage packaging
  • personal and home care packaging
  • electronic appliance packaging
  • food packaging
  • pharmaceuticals packaging
  • others

By type:

  • materials paper
  • plastic

Geographical analysis:

On the basis of geography, the ****** biodegradable paper and plastic packaging market is segmented into regions of Asia-Pacific, Europe, North America and Rest of the World. North America and Europe lead the ****** market. In the North American region, the U.S. is the biggest consumer of the biodegradable packaging materials. In the Asia Pacific region, the countries such as China, Malaysia, India, and Thailand enhance the business growth.

Important market players:

Some of the major market players operating in the ****** biodegradable paper and plastic packaging market are Smurfit Kappa Group, Rocktenn, BASF, Mondi Group, Stora Enso, Reynolds Group Holding Limited, Clearwater Paper Corporation, Novamont S.P.A., Amcor, Kruger Inc., Rocktenn, Smurfit Kappa Group, and International Corp. Other players in the ****** market include Be Green Packaging LLC, Georgia-Pacific LLC, Tetra Laval, Natureworks LLC, Mondi Group, Biopac UK Ltd., Berkley International Packaging and Ranpak Corp.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

Abhishek Shukla

Sales Manager at Market Data Forecast


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