Biodegradable Packaging Materials Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
The biodegradable packaging materials market and it is expected to grow by $ 27.09 bn, accelerating at a CAGR of almost 5.90% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Biodegradable Packaging Materials Market: Market Segments and Key Trends
This report provides a detailed analysis of the market by Product (Paper packaging materials and Bioplastic packaging materials), Application (Food packaging, Beverage packaging, Pharmaceutical, Personal and home care packaging, and Others), and Geography (Europe, North America, APAC, MEA, and South America). 34% of the market growth will originate from Europe during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Biodegradable Packaging Materials Market: Top Drivers to Boost Demand
The Shift toward use of bioplastic packaging by end-users is one of the primary factors driving the growth of the biodegradable packaging materials market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Vendor Analysis: Amcor Plc, BASF SE and Georgia-Pacific LLC are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amcor Plc, BASF SE, Georgia-Pacific LLC, Holmen AB, International Paper Co., Kruger Inc., Mondi Group, PMMI Media Group, Smurfit Kappa Group Plc, and Stora Enso Oyj are some of the major market participants.
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Biodegradable Packaging Materials Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs: