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Exclusive Report on Biodegradable Packaging Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Biodegradable

The “Biodegradable Packaging Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Biodegradable Packaging Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Biodegradable Packaging market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Biodegradable Packaging Market Are:

  • 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.

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    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).

    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.

    Biodegradable Packaging Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Biodegradable Packaging market?
    • What are the key market trends impacting the growth of the global Biodegradable Packaging market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Biodegradable Packaging market?
    • What are the market opportunities and threats faced by the vendors in the global Biodegradable Packaging market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Biodegradable Packaging market?

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    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 Europe, 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.

    United States 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 United States 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.

    Market Dynamics: –

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

    The report provides key statistics on the market status of the Biodegradable Packaging Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Biodegradable Packaging.

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    Report Objectives:

    • Analyzing the size of the Biodegradable Packaging market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Biodegradable Packaging market.
    • Determining the key dynamics of the Biodegradable Packaging market.
    • Highlighting significant trends of the Biodegradable Packaging market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Biodegradable Packaging market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in 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 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    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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