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Government initiatives for the development of bioplastics are expected to drive the plastic alternative packaging market in the forecast period, as per The Business Research Company’s plastic alternative packaging market opportunities and strategies report.

The plastic alternative packaging market is expected to grow from $3.87 billion in 2021 to $8.00 billion in 2026 at a rate of 15.6%. The market is then expected to grow at a CAGR of 16.9% from 2026 and reach $17.48 billion in 2031.

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Major players in the plastic alternative packaging market include BASF, Amcor plc, Tetra Pak International SA, Sealed Air, Evergreen Packaging (Pactiv Evergreen Inc).

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. The products are based on a single polymer increasing recyclability as it doesn’t need to be disassembled before being recycled.

The Global Plastic Alternative Packaging Market Is Segmented:

By Type: Starch-Based Plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (Pha), Other

By Process: Bio-Based/Non-Biodegradable, Biodegradable

By Application: Food And Beverage, Personal Care, Health Care, Other ApplicationsBy 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 is the largest region in the global plastic alternative packaging market.

TBRC’s Plastic Alternative Packaging Market Report Covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

The Plastic Alternative Packaging Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough plastic alternative packaging market research, analyzes and forecasts plastic alternative packaging market size, plastic alternative packaging market share, plastic alternative packaging market players, plastic alternative packaging market trends, plastic alternative packaging market segmentation 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.

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.

View Similar Reports From The Business Research Company:

Plastic Products Global Market Report 2022

Eco-Friendly Food Packaging Global Market Report 2022 

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