[Biodegradable Paper And Plastics Packaging Market Report with Detailed Analysis] : Plastic and paper bags create are of major concern as they are hazardous to the environment. Many countries have banned use of plastic or have imposed the tax on it in order to protect the environment. In addition, people also have become more conscious about plastic and paper use. The government is also taking some strict actions to protect the environment. Some of the plastics are derived from the plant so that they easily get degraded by the microorganisms. In addition, biodegradable plastic is majorly preferred by the conscious population. However, the government is focusing on reducing the percentage of waste material and increasing the use of bio-degradable packaging materials.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Biodegradable Paper And Plastics Packaging estimated at US$ 9255 million in the year 2022, is projected to reach a revised size of US$ 14680 million by 2028, growing at a CAGR of 8.0% during the forecast period 2022-2028.
Europe emerged as largest regional market for biodegradable paper and plastics packaging industry over the last few years. Countries such as Sweden, Germany and UK emerged as leading consumer markets and are expected to witness stagnant growth over the forecast period. North America is anticipated to witness average growth in biodegradable paper and plastics market over the next few years. U.S. is anticipated to be the largest biodegradable paper and plastics packaging market for followed by Canada and Mexico. Brazil is expected to be largest market in Latin America owing to economic development and increasing disposable income among general consumers.
This latest report researches the industry structure, capacity, production, sales (consumption), revenue, price and gross margin. Major producers’ production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Biodegradable Paper And Plastics Packaging manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases.
This report also includes a discussion of the major players across each regional Biodegradable Paper And Plastics Packaging market. Further, it explains the major drivers and regional dynamics of the global Biodegradable Paper And Plastics Packaging market and current trends within the industry.
Key Companies Covered
In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section. Additionally, the specialists have done an all-encompassing analysis of each player. They have also provided reliable sales, revenue, price, market share and rank data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices.
Top Key players:
- BASF, Smurfit Kappa Group, Stora Enso, Rocktenn, Mondi Group
- PLA, PHA
- Textiles, Consumer Product Packaging Industries
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