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The plastic alternative packaging market has seen rapid growth, increasing from <$5.33 billion in 2023 to <$6.25 billion in 2024, with an impressive compound annual growth rate (CAGR) of 17.4% during the historical period. This growth is driven by higher demand for industrial packaging products, environmental concerns regarding plastics, and a shift towards plastic alternatives. The market is projected to continue its upward trajectory, reaching <$11.84 billion by 2028 with a CAGR of 17.3%. Key growth drivers include technological advancements, rising awareness, government initiatives, and increased availability of plastic alternative packaging. Major trends in the forecast period include collaborations with research institutions and established companies, investment in mono-material packaging solutions, leveraging industrial waste for innovative packaging materials, use of artificial intelligence (AI), mergers and acquisitions, and a focus on environmentally-friendly bioplastics.

The expanding environmental concerns related to plastic usage are driving the growth of the plastic alternative packaging market. Plastics’ adverse environmental impacts have heightened awareness of eco-friendly packaging alternatives. The UK Office for National Statistics (ONS) reported in October 2021 that 75% of adults in the UK were concerned about climate change effects. This increased environmental consciousness has led to a shift towards plastic alternative packaging solutions globally, as businesses respond to the demand for sustainable packaging options. The plastic alternative packaging market thus reflects a growing preference for eco-friendly alternatives to traditional plastics, with market sizes projected for 2023: [Insert 2023 market size], 2024: [Insert 2024 market size], and 2028: [Insert 2028 market size].

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What Are The Key Trends That Influence Plastic Alternative Packaging Market Share Analysis?
Companies in the plastic alternative packaging market are focusing on mono-material packaging solutions to enhance sustainability. These solutions use a single polymer to improve recyclability and eliminate the need for material separation. For example, in 2021, Dai Nippon Printing Co., Ltd., a Japanese printing company, developed mono-material packaging with oxygen and water vapor barrier properties, suitable for long shelf life and high-level recyclability.

Which Market Players Are Driving Growth In The Plastic Alternative Packaging Market?
Major companies operating in the market are BASF, Amcor plc, Tetra Pak International SA, Sealed Air, Evergreen Packaging, Rengo Co. Ltd, International Paper Company, Mondi Group PLC, Futamura Group, SECOS Group, Huhtamaki, Shanghai PRECISE Packaging Co, SIG Combibloc, Greatview Aseptic Packaging, BioPak, Himalayan Packaging Industries Pvt. Ltd., Decon India Plastics Private Limited, West Pharma, Qingdao Likang Packing., Smurfit Kappa, DS smith, Element Packaging LTD, Delyn Packaging Ltd, CP Packaging Ltd, Surepak innovative packaging company, Epac flexible packaging, Enviroplast Inc., TC Transcontinental, PolyFerm Canada, TerraVerdae Bioworks Inc., Kruger Inc., Klabin SA, HP Inc., Choose Packaging, Plastic Suppliers Inc., Saudi Investment Recycling Company (SIRC), Bemis Company Inc., Winpak LLC, Rotopak LLC, Gulf East Paper and Plastic Industries LLC, Arabian Packaging LLC, Amber Packaging Industries LLC, Diamond Packaging Industries LLC, Astrapak Ltd (RPC Group), Nampak Ltd., Mpact Pty Ltd, Foster Packaging, Consol Glass (Pty) Ltd., East African Packaging Industries Ltd (EAPI), Constantia Afripack (Pty) Ltd, Bonpak (Pty) Ltd., Frigoglass South Africa (Pty) Ltd.

How Is The Global Plastic Alternative Packaging Market Segmented?
The plastic alternative packaging market covered in this report is segmented –
1) By Type: Starch-Based Plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Other Types
2) By Process: Bio-Based/Non-Biodegradable, Biodegradable
3) By Application: Food And Beverage, Personal Care, Health Care, Other Applications

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The Plastic Alternative Packaging Global Market Report 2024 provides an overview of the plastic alternative packagingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plastic alternative packaging market forecast analyzes plastic alternative packaging market size, plastic alternative packaging market share, leading competitor and their market positions.

The Table Of Content For The Plastic Alternative Packaging Market Include
1. Plastic Alternative Packaging Market Executive Summary
2. Plastic Alternative Packaging Market Segments
3. Plastic Alternative Packaging Market Size And Template Market Growth Rate
4.  Key Plastic Alternative Packaging Market Trends
5. Major Plastic Alternative Packaging Market Drivers
……
25. Key Mergers And Acquisitions In The Plastic Alternative Packaging Market
26. Top Plastic Alternative Packaging Companies
27. Plastic Alternative Packaging Market Opportunities And Strategies
28. Plastic Alternative Packaging Market, Conclusions And Recommendations
29. Appendix

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