Biodegradable Paper & Plastic Packaging Market
The Global 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. Get Sample Analysis on Global Market: https://databridgemarketresearch.com/request-a-sample/? dbmr=global-biodegradable-paper-plastic-packaging-market
Increasing consumer awareness towards the environment and their shifting preference from the synthetic product is the main factor which is contributing to the demand for Biodegradable paper & plastic packaging. Global Biodegradable Paper & Plastic Packaging Market have products that are gradually finding acceptance in a wide variety of industries, as it is eco-friendly and having a low impact on the environment. Food & beverage industry is the largest markets where biodegradable paper & plastic packaging is used. The key players operating in the Global Market are –
International Paper
Amcor
Georgia-Pacific
WestRock Company
Mondi
STORA ENSO
Clearwater Paper Corporation
Smurfit Kappa Group
Kruger Inc.
Novamont S.p.A.
BASF SE
Biopac India Corporation Ltd.
NatureWorks LLC
Ranpak
The other players in the market are 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, are among the others mentioned in the Global Biodegradable Paper & Plastic Packaging Market report. In 2017, investment around USD 300 million to convert uncoated freesheet to high-quality whitetop linerboard and containerboard at the riverdale mill in selma, Alabama, and targeted to complete by mid – year of 2019, Addition of 450,000 tons of annual capacity, with the flexibility to shift between containerboard products is expected with this investment. According to British Plastic Federation – plastic arising in the U.K. is 3.7 million tonnes out of which 32.0% is recycled and 70.0% is recovered. Get TOC of Full Report: https://databridgemarketresearch.com/toc/?dbmr=global-biodegradablepaper-plastic-packaging-market
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
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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