The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased preference for eco-friendly products is likely to promote innovation in the manufacturing of biodegradable paper and plastic packaging, propelling the market over the forecast period.

The global biodegradable paper and plastic packaging market is expected to grow from $10.77 billion in 2022 to $11.86 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The global biodegradable paper and plastic packaging market size is expected to reach $17.28 billion in 2027 at a CAGR of 9.9%.

Get A Free Sample On The Global Biodegradable Paper And Plastic Packaging Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10023&type=smp

Global Biodegradable Paper And Plastic Packaging Market Segments Include:

• By Type: Starch-Based Plastic, Cellulose Based Plastic, Polylactic Acid (PLA), Poly-hydroxy-alkanoates (PHA), Other Types
• By Material: Paper, Plastic
• By Application: Beverage Packaging, Personal And Home Care Packaging, Electronic Appliance Packaging, Food Packaging, Pharmaceutical Packaging, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global biodegradable paper and plastic packaging market in 2021.

Major Market Players in the biodegradable paper and plastic packaging market include Riverside Paper Co Inc., SmartSolve Industries, Ultragreen, Tetra Pak Private Limited, Kruger Inc., Amcor PLC, Mondi, International Paper, Smurfit Kappa.

A prominent trend gaining traction in the biodegradable paper and plastic packaging market is the increasing number of product developments. Major market participants are focusing their efforts on developing novel technologies such as biodegradable packaging (plant-based polymers), digital printing, edible packaging, compostable packaging, recyclable packaging, and the application of nanotechnology in packaging. For example, in February 2023, ProAmpac, a flexible packaging firm based in the United States, introduced ProActive Recyclable Paper-1000, a new curbside recyclable paper-based packaging. It is specially designed to be heat-sealable and has excellent directional tear properties as well as a good moisture barrier. It provides exceptional performance for frozen food applications as well as secondary packaging applications. It features an excellent moisture barrier and optimal rigidity for improved shelf appearance.

The Biodegradable Paper And Plastic Packaging Global Market Report 2023  provides a biodegradable paper and plastic packaging market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The biodegradable paper and plastic packaging market forecast analyzes biodegradable paper and plastic packaging market size, biodegradable paper and plastic packaging market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Biodegradable paper and plastic packaging are those that will naturally disintegrate and degrade. Biodegradable packaging has the potential to reduce water use, solid waste, electricity usage, and greenhouse gas emissions.

Explore Similar Reports From The Business Research Company:

Paper Products Global Market Report 2023

Biodegradable Plastics Global Market Report 2023

Paperboard Packaging Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: