“Latest Market Overview for Biodegradable Plastic Packaging Market Research Report
Global Biodegradable Plastic Packaging Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Biodegradable Plastic Packaging market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Amcor Limited
- Mondi Group
- Berry Global Inc.
- Sonoco Products Company
- BIOPAC Systems Inc.
- Smurfit Kappa Group
- Berkley International Packaging
- EarthFirst Brand Films
- and International Paper
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Description of Biodegradable Plastic Packaging Market: The biodegradable plastic packaging market was valued at USD 3.37 billion in 2017 and is expected to reach a market value of USD 8.81 billion by 2023, registering a CAGR of 16.93% during the forecast period (2018 – 2023). The report is segmented on the basis of biodegradable plastics into starch-based plastic, cellulose-based plastics, polylactic acid (PLA), poly-3-hydroxybutyrate (PHB), polyhydroxyalkanoates (PHA), polyamide 11 (PA11), bio-derived polyethylene, and genetically modified bio-plastics. The report also consists of biodegradable plastics used by different end users and in different regions.
Growing Consumer Awareness A Major Market Driver
The world population exceeded 7.2 billion, out of which more than 2.5 billion are âmillennialsâ (of the age 15-35), and unlike the other generations they actually share a deep concern about the environmental issues. A majority of these consumers are skeptical about the corporate responsibility claims made and have brought an ethical consumer revolution demanding ethically produced goods. Advanced manufacturing processes, technological innovation, and increased integration has helped people to adopt biodegradable packaging rapidly. The government and federal agencies of all the major economies have made stringent regulations in order to reduce the wastage and promote use the biodegradable materials for packaging.
FMCG Expected to Hold Significant Market Share
With the rise in disposable income with the people, FMCG industry is growing rapidly. FMCG industry is moving towards smaller and portable packing to increase the consumer base as well as to reduce the maximum retail price of the product. This has led to the higher usage of packaging material in the industry. Due to stringent government regulations in many countries, this industry is also using biodegradable plastic packaging to comply with the rules.
Europe Expected to Dominate the Market
Europe is expected to dominate the overall biodegradable packaging market owing to the presence of mature market that consists of highly environmentally conscious consumers. In addition, due to the comparatively higher price of biodegradable plastic packaging, the presence of high-spending population is also expected to increase the overall demand for biodegradable packaging in this region. The increasing pressure on the governing organizations to decrease carbon emissions and landfills, as well as the issues relating to mounting plastic waste, have increased the consumption of biodegradable plastics in the region.
Biodegradable Plastic Packaging Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Biodegradable Plastic Packaging Market players in detail. Biodegradable Plastic Packaging Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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The Global demand for Biodegradable Plastic Packaging Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Biodegradable Plastic Packaging Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Further, in the Biodegradable Plastic Packaging Market research reports, the following points are included along with an in-depth study of each point:
- Production Analysis– Production of the Biodegradable Plastic Packaging is analyzed with respect to different regions, types, and applications. Here, price analysis of various Biodegradable Plastic Packaging Market key companies is also covered.
- Competitors– In this section, various Biodegradable Plastic Packaging industry-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
- Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the Biodegradable Plastic Packaging Market. Another major aspect, price, which plays an important part in the revenue generation, is also measured in this section for the numerous regions.
- Supply and Consumption– In continuation with sales, this section studies supply and consumption for the Biodegradable Plastic Packaging Market. This part also shelters light on the gap between supply and consumption. Import and export statistics are also given in this part.
- Other analyses– Apart from the above-mentioned information, trade and distribution analysis for the Biodegradable Plastic Packaging Market, contact information of major manufacturers, suppliers and key consumers are also given. In addition, SWOT analysis for new projects and viability analysis for new investment are included.
The growth of this market worldwide is subjected to various factors; including consumer world-class Biodegradable Plastic Packaging Market of many Biodegradable Plastic Packaging Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each and every fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.