The Biodegradable Paper And Plastic Packaging Global Market Report 2023, provides comprehensive information on the biodegradable paper and plastic packaging market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Biodegradable Paper And Plastic Packaging Market’s Growth:
The global biodegradable paper and plastic packaging market size is expected to grow from $10.77 billion in 2022 to $11.86 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global biodegradable paper and plastic packaging market size is expected to reach $17.28 billion in 2027 at a CAGR of 9.9%.
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The increasing number of product innovations is a key trend gaining popularity in the biodegradable paper and plastic packaging market. Major market players are concentrating their efforts on creating innovative technologies such as biodegradable packaging (plant-based plastics), digital printing, edible packaging, compostable packaging, recyclable packaging, and the use of nanotechnology in packaging. For instance, in February 2023, ProAmpac, a US-based flexible packaging company, launched ProActive Recyclable Paper-1000, a new curbside recyclable paper-based packaging. It is specially made to be heat-sealable and has great directional tear qualities in addition to a good moisture barrier. It delivers high performance suited for frozen food applications and secondary packaging applications. It has optimum stiffness for enhanced shelf appearance and a very good moisture barrier.
The biodegradable paper and plastic packaging market is segmented:
1) By Type: Starch-Based Plastic, Cellulose Based Plastic, Polylactic Acid (PLA), Poly-hydroxy-alkanoates (PHA), Other Types
2) By Material: Paper, Plastic
3) By Application: Beverage Packaging, Personal And Home Care Packaging, Electronic Appliance Packaging, Food Packaging, Pharmaceutical Packaging, Other Applications
Asia-Pacific was the largest region in the biodegradable paper and plastic packaging market in 2022.
The table of contents in TBRC’s biodegradable paper and plastic packaging market report includes:
- Executive Summary
- Biodegradable Paper and Plastic Packaging Market Characteristics
- Biodegradable Paper and Plastic Packaging Market Trends And Strategies
- Biodegradable Paper and Plastic Packaging Market – Macro Economic Scenario
- Biodegradable Paper and Plastic Packaging Market Size And Growth
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- Africa Biodegradable Paper and Plastic Packaging Market
- Biodegradable Paper and Plastic Packaging Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Biodegradable Paper and Plastic Packaging Market
- Biodegradable Paper and Plastic Packaging Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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