The Global Plastic Alternative Packaging Market Report by The Business Research Company covers plastic alternative packaging market drivers and restraints, plastic alternative packaging market size, major players, and the impact of COVID-19 on the plastic alternative packaging market.
The plastic alternative packaging market consists of sales of plastic alternative packaging by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing plastic alternative packaging products. Plastic alternative packaging products are innovative eco-friendly alternatives to traditional materials and include biodegradable packaging, packaging products made from recycled materials, and plant-based packaging. Only goods and services traded between entities or sold to end consumers are included.
Growing environmental concerns associated with plastic usage is a major driver for the growth of the plastic alternative packaging market. Plastic products consist of deadly pollutants and cause harmful effects on humans, animals, and the environment. Customers are interested in eco-friendly packaging options to find the replacement of plastic packaging.
The global plastic alternative packaging market is expected to grow from $61.23 billion in 2020 to $71.08 billion in 2021 at a compound annual growth rate (CAGR) of 16.10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $95.04 billion in 2025 at a CAGR of 7.63%.
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Some plastic alternative packaging market trends include advances in technology. Major companies dealing in the market are continuously focusing on introducing innovative and sustainable packaging solutions for various industries to maintain their position in the competitive business environment and to meet end-user requirements.
Global plastic alternative packaging market segments include:
1) By Type: Starch Based Plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Others.
2) By Process: Recyclable, Reusable, Biodegradable.
3) By Application: Food And Beverage, Personal Care, Health Care, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Plastic Alternative Packaging Global Market Report 2021: COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides plastic alternative packaging market overviews, analyzes and forecasts market size, share, plastic alternative packaging market players, plastic alternative packaging market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The plastic alternative packaging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Plastic Alternative Packaging Global Market Report 2021: COVID-19 Impact And Recovery from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Amcor Limited, Tetra Pak, Sealed Air Corporation, Plastic Suppliers Inc., Kruger Inc., Mondi, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, Klabin SA, Rengo Co. Ltd, Bemis Company Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The plastic alternative packaging Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The plastic alternative packaging Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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