Bio-based biodegradable materials are biopolymers that come from plants and microorganisms. Some of the popular items used for packaging are starch-based plastics, cellulose, poly (lactic acid) (PLA), polycaprolactone (PCL), polyhydroxybutyrate (PHB), and chitosan. They may contain blends of synthetic materials containing additives and pigments used to enhance the final packaging's functional attributes. Some of the popular biodegradable packaging paper materials are corrugated board, boxboard, and flexible paper.
MARKET DYNAMICS
The biodegradable packaging material market has witnessed a significant growth owing to factors such as rising demand for recyclable materials in end-use industries. Moreover, the growing emphasis towards eco-friendly packaging' provide a huge market opportunity for the key players operating in the biodegradable packaging material market. However, volatile prices is projected to hamper the overall growth of the biodegradable packaging material market.
MARKET SCOPE
The "Global Biodegradable Packaging Material Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biodegradable packaging material market with detailed market segmentation type, application, and geography. The global biodegradable packaging material market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biodegradable packaging material market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biodegradable packaging material market is segmented on the basis of type and application. On the basis of type, the global biodegradable packaging material market is divided into paper and paperboard and plastic. On the basis of application, the global biodegradable packaging material market is divided into trays, bags, boxes, clamshells, films, and pouches.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biodegradable packaging material market based on various segments. It also provides marketsize and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The biodegradable packaging material market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the biodegradable packaging material market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biodegradable packaging material market in these regions.
MARKET PLAYERS
The reports cover key developments in the biodegradable packaging material market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market pl ayers from biodegradable packaging material market is anticipated to lucrative growth opportunities in the future with the rising demand for biodegradable packaging material in the global market. Below mentioned is the list of few companies engaged in the biodegradable packaging material market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biodegradable packaging material market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Amcor Limited
DS Smith PLC
International Paper Company
Kruger Inc.
Mondi Limited
Smurfit Kappa UK Ltd.
Stora Enso Oyj
Tetra Pak International S.A
Toray Industries, Inc.
WestRock Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.