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Global Biodegradable Packaging Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Biodegradable Packaging

The report focuses on the favorable Global “Biodegradable Packaging market” and its expanding nature. The Biodegradable Packaging market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The biodegradable packaging market was valued at USD 85.11 billion in 2018 and is expected to reach a value of USD 119.3 billion by 2024 at a CAGR of 5.9% over the forecast period (2019-2024). Biodegradable packaging solutions are increasingly finding applications in a wide variety of industries due to their low environmental impact and high demand. Biodegradable packaging made from renewable resources decreases dependence on petroleum and reduces the amount of waste material, while still yielding a product that provides benefits similar to traditional plastics.
  • Rising consumer awareness regarding the environmental impact of packaging products and a willingness to replace packaging materials by alternatives with a lower carbon footprint (or made from renewable resources) are the main drivers for the development and the use of these materials.
  • Recyclability is expected to be the greatest challenge, as more and more companies, which use packaging products, are focusing on recyclable and reusable packaging.
  • The US-based Kroger Co. (which orders about 6 billion bags each year and is one of the largest grocery chains in the country) announced in 2018 that it will go plastic-bag free at all of its nearly 2,800 stores by 2025. The company serves almost 9 million people daily through two dozen different grocery chains. This is expected to drive the demand for biodegradable packaging (non-plastic).

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    Key Manufacturers

  • Tetra Pak International SA
  • Plastic Suppliers Inc.
  • Kruger Inc.
  • Amcor Limited
  • Mondi PLC
  • Biopac Limited
  • International Paper Company
  • Smurfit Kappa Group PLC
  • Bemis Company Inc.
  • DS Smith PLC
  • Klabin SA
  • Rengo Co. Ltd.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Biodegradable Packaging market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Biodegradable Packaging market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Biodegradable Packaging market have also been involved in the study.

    Scope of the Report:

  • Biodegradable refers to the ability of materials to break down and return to nature. In order for packaging products or materials to qualify as biodegradable, they must completely break down and decompose into natural elements within a short time after disposal, typically in a year or less.

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    TOC of Biodegradable Packaging Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Biodegradable Packaging market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Biodegradable Packaging Market Report Covered:

    • The report analyses how Biodegradable Packaging market will grow in the future.
    • Analyzing various perspectives of the Biodegradable Packaging market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Biodegradable Packaging market shares and policies employed by the major market players.
    • Competitive landscape including the Biodegradable Packaging market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Biodegradable Packaging market players

    Key Market Trends:

    Beverage Packaging to be One of the Most Significant Applications

    An estimated number of 700,000 bottles are being littered every day in the United Kingdom alone, according to the Environmental Audit Committee. Such statistics indicate the serious need for biodegradable packaging solutions for beverages.
    Companies in the beverages market, like PepsiCo, have been using recyclable PET bottles for their beverages. PepsiCo’s recyclable PET bottles account for 30% of packaging volume in North America, and 7% globally. However, high manufacturing costs are likely to restrain the practice of using recyclable PET for beverage packaging across developing regions, like India.
    Due to the emerging demand for eco-friendly packaging in the beverage industry across , US-based Crown Holdings Inc. has opened a new facility in Jakarta, Indonesia. Considering the country’s robust economic growth and sizable population, such eco-friendly initiatives offer significant potential for biodegradable beverage packaging.

    to Account for the Largest Share in North America

    In the United States, the rising awareness among consumers and favorable regulations from the government are expected to drive the demand for biodegradable packaging over the forecast period.
    Notably, food wastage in the country is one of the primary reasons for increasing customer awareness. For instance, The New York Times stated that approximately 60 million metric ton of food is wasted in the every year, which not only has negative impact on the environment but also contributes to the economic burden. Due to the aforementioned factors, the consumers are being aware of the food wastage, owing to which they are moving toward non-perishable food, which stay fresh for a long time.
    With increasing demand for biodegradable packaging from food chains, such as McDonald’s, who are planning to use 100% sustainable packaging by 2025, manufacturers are choosing to use these opportunities to build consumer trust by proactively addressing the environmental issues than resisting to change. Furthermore, it also creates an immense opportunity for the biodegradable packaging manufacturers to penetrate the market and garner a higher market share.

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    Study objectives of Biodegradable Packaging Market Report:

    • To provide a detailed analysis of the market structure along with the Biodegradable Packaging market forecast of various segments and sub-segments of the Biodegradable Packaging market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Biodegradable Packaging market trends that influence the global Biodegradable Packaging market

    Detailed TOC of Biodegradable Packaging Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growing Conscientious Population
    4.3.2 Stringent Government Regulations
    4.4 Market Restraints
    4.4.1 Growing Investments for Non-biodegradable and Recyclable Packaging Solutions
    4.4.2 Lack of Supply of Bio-plastics and Related Materials
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Material Type
    5.1.1 Plastic
    5.1.1.1 Starch-Based Plastics
    5.1.1.2 Cellulose-Based Plastics
    5.1.1.3 Polylactic Acid (PLA)
    5.1.1.4 Polyhydroxyalkanoates (PHA)
    5.1.1.5 Other Plastics
    5.1.2 Paper
    5.2 By Application
    5.2.1 Food
    5.2.2 Beverage
    5.2.3 Pharmaceutical
    5.2.4 Personal/Homecare
    5.2.5 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.2
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Rest of
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Tetra Pak International SA
    6.1.2 Plastic Suppliers Inc.
    6.1.3 Kruger Inc.
    6.1.4 Amcor Limited
    6.1.5 Mondi PLC
    6.1.6 Biopac Limited
    6.1.7 International Paper Company
    6.1.8 Smurfit Kappa Group PLC
    6.1.9 Bemis Company Inc.
    6.1.10 DS Smith PLC
    6.1.11 Klabin SA
    6.1.12 Rengo Co. Ltd.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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