Learn about the global plastic alternative packaging market through The Business Research Company, which provides information on plastic alternative packaging market size, plastic alternative packaging market drivers and restraints, plastic alternative packaging market players, the COVID-19 impact on the plastic alternative packaging market, and more.

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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%.

Growing environmental concerns associated with plastic usage is expected to drive innovation in plastic alternative packaging manufacturing, thus driving the market during the forecast period.

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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.

Global plastic alternative packaging market segments include:

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

By Process: Recyclable, Reusable, Biodegradable

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. Among these regions, North America was the largest region in the plastic alternative packaging market in 2020.

Advances in technology are a major trend in the plastic alternative packaging market. 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.

TBRC’s plastic alternative packaging market report covers:

Major Market Players: 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)

The Plastic Alternative Packaging Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides plastic alternative packaging market overviews, analyses and forecasts market size, share, plastic alternative packaging market players, plastic alternative packaging market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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