Global Plastic Alternative Packaging Market, Global Plastic Alternative Packaging Market Report, Global Plastic Alternative Packaging Market Trends, Global Plastic Alternative Packaging Market Size
Paper, Plastics, Rubber, Wood And Textile Manufacturing

Global Plastic Alternative Packaging Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

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. Other packaging alternatives such as bees wax and paper are not included in the report. Only goods and services traded between entities or sold to end consumers are included.

The global plastic alternative packaging market reached a value of nearly $3,361.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 9.9% since 2015. The market is expected to grow from $3,361.8 million in 2020 to $6,918.2 million in 2025 at a rate of 15.5%. The growth is mainly due to the increasing awareness about plastic pollution which is expected to drive the demand for plastic alternative packaging. The plastic alternative packaging market is expected to grow from $6,918.2 million in 2025 to $15,093.1 million in 2030 at a CAGR of 16.8%.

The demand for industrial packaging products has increased recently, particularly in emerging economies such as China and India. As the size of the middle-class grew in these countries, consumption of processed foods, poultry, meat and agricultural products increased. The increase in per-capita income in these economies resulted in the emerging middle-class purchasing more packaged goods. The demand for packaged goods increased the consumption of plastic for their packaging, driving the market.

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Some plastic alternative packaging market trends include strategic collaborations and partnerships for the development of innovative and efficient plastic alternative packaging which reduce the overdependence on plastics and promote sustainability. Moreover, companies in the plastic alternative packaging market are focusing on mono material packaging solutions to offer a more sustainable polyolefins-based packaging solution with greater circularity.

Global plastic alternative packaging market segments include:

1) By Type: Starch Based Plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Others

2) By Application: Food and Beverage, Personal Care, Health Care, Others

3) By Process: Recyclable, Reusable, Biodegradable

4) 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 Opportunities and Strategies: Forecast To 2030 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 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 Opportunities and Strategies: Forecast To 2030 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: BASF SE, Futamura Group, Frapak Packaging B.V., SECOS Group, Plastic Suppliers 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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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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