Biodegradable Paper and Plastic Packaging Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2023-2032|Riverside Paper Co Inc., SmartSolve Industries, Ultragreen, Tetra Pak Private Limited, Kruger Inc.

The Biodegradable Paper and Plastic Packaging Global Market Report 2023 by The Business Research Company, provides biodegradable paper and plastic packaging market overview 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.

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According to The Business Research Company’s Biodegradable Paper and Plastic Packaging Global Market Report 2023, 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%.

The rising preference for eco-friendly products is expected to propel the growth of the biodegradable paper and plastic packaging market going forward. Eco-friendly refers to products that are earth-friendly or not damaging to the environment. Customers increasingly prefer eco-friendly products for packaging due to environmental concerns, health and safety considerations, corporate social responsibility, and regulatory compliance. This eco-friendly packaging uses an eco-friendly product that uses alternative, recyclable or biodegradable materials.

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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

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 report table of contents includes:

1. Executive Summary
2. Biodegradable Paper and Plastic Packaging Market Characteristics
3. Biodegradable Paper and Plastic Packaging Market Trends And Strategies
4. Biodegradable Paper and Plastic Packaging Market – Macro Economic Scenario
5. Biodegradable Paper and Plastic Packaging Market Size And Growth

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25. Middle East Biodegradable Paper and Plastic Packaging Market
26. Africa Biodegradable Paper and Plastic Packaging Market
27. Biodegradable Paper and Plastic Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biodegradable Paper and Plastic Packaging Market
29. Biodegradable Paper and Plastic Packaging Market Future Outlook and Potential Analysis

Top Major Players

• Riverside Paper Co Inc.
• SmartSolve Industries
• Ultragreen
• Tetra Pak Private Limited
• Kruger Inc.

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