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Analysis of Biodegradable Packaging Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Biodegradable

The “Biodegradable Packaging Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Biodegradable Packaging market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Biodegradable Packaging market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The biodegradable packaging market was valued at USD 85.11 billion in 2018 and is expected to reach a value of USD 119.3 billion by 2024 at a CAGR of 5.9% over the forecast period (2019-2024). Biodegradable packaging solutions are increasingly finding applications in a wide variety of industries due to their low environmental impact and high demand. Biodegradable packaging made from renewable resources decreases dependence on petroleum and reduces the amount of waste material, while still yielding a product that provides benefits similar to traditional plastics.
  • Rising consumer awareness regarding the environmental impact of packaging products and a willingness to replace packaging materials by alternatives with a lower carbon footprint (or made from renewable resources) are the main drivers for the development and the use of these materials.
  • Recyclability is expected to be the greatest challenge, as more and more companies, which use packaging products, are focusing on recyclable and reusable packaging.
  • The US-based Kroger Co. (which orders about 6 billion bags each year and is one of the largest grocery chains in the country) announced in 2018 that it will go plastic-bag free at all of its nearly 2,800 stores by 2025. The company serves almost 9 million people daily through two dozen different grocery chains. This is expected to drive the demand for biodegradable packaging (non-plastic).

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    In Biodegradable Packaging Market Report, Following Companies Are Covered:

  • Tetra Pak International SA
  • Plastic Suppliers Inc.
  • Kruger Inc.
  • Amcor Limited
  • Mondi PLC
  • Biopac Limited
  • International Paper Company
  • Smurfit Kappa Group PLC
  • Bemis Company Inc.
  • DS Smith PLC
  • Klabin SA
  • Rengo Co. Ltd.

    Biodegradable Packaging Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • Biodegradable refers to the ability of materials to break down and return to nature. In order for packaging products or materials to qualify as biodegradable, they must completely break down and decompose into natural elements within a short time after disposal, typically in a year or less.

    Reasons for Buying Biodegradable Packaging Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Beverage Packaging to be One of the Most Significant Applications

    An estimated number of 700,000 bottles are being littered every day in the United Kingdom alone, according to the Environmental Audit Committee. Such statistics indicate the serious need for biodegradable packaging solutions for beverages.
    Companies in the beverages market, like PepsiCo, have been using recyclable PET bottles for their beverages. PepsiCo’s recyclable PET bottles account for 30% of packaging volume in North America, and 7% globally. However, high manufacturing costs are likely to restrain the practice of using recyclable PET for beverage packaging across developing regions, like India.
    Due to the emerging demand for eco-friendly packaging in the beverage industry across Europe, US-based Crown Holdings Inc. has opened a new facility in Jakarta, Indonesia. Considering the country’s robust economic growth and sizable population, such eco-friendly initiatives offer significant potential for biodegradable beverage packaging.

    United States to Account for the Largest Share in North America

    In the United States, the rising awareness among consumers and favorable regulations from the government are expected to drive the demand for biodegradable packaging over the forecast period.
    Notably, food wastage in the country is one of the primary reasons for increasing customer awareness. For instance, The New York Times stated that approximately 60 million metric ton of food is wasted in the United States every year, which not only has negative impact on the environment but also contributes to the economic burden. Due to the aforementioned factors, the consumers are being aware of the food wastage, owing to which they are moving toward non-perishable food, which stay fresh for a long time.
    With increasing demand for biodegradable packaging from food chains, such as McDonald’s, who are planning to use 100% sustainable packaging by 2025, manufacturers are choosing to use these opportunities to build consumer trust by proactively addressing the environmental issues than resisting to change. Furthermore, it also creates an immense opportunity for the biodegradable packaging manufacturers to penetrate the market and garner a higher market share.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Biodegradable Packaging create from those of established entities?

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    Detailed TOC of Biodegradable Packaging Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growing Conscientious Population
    4.3.2 Stringent Government Regulations
    4.4 Market Restraints
    4.4.1 Growing Investments for Non-biodegradable and Recyclable Packaging Solutions
    4.4.2 Lack of Supply of Bio-plastics and Related Materials
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Material Type
    5.1.1 Plastic
    5.1.1.1 Starch-Based Plastics
    5.1.1.2 Cellulose-Based Plastics
    5.1.1.3 Polylactic Acid (PLA)
    5.1.1.4 Polyhydroxyalkanoates (PHA)
    5.1.1.5 Other Plastics
    5.1.2 Paper
    5.2 By Application
    5.2.1 Food
    5.2.2 Beverage
    5.2.3 Pharmaceutical
    5.2.4 Personal/Homecare
    5.2.5 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Tetra Pak International SA
    6.1.2 Plastic Suppliers Inc.
    6.1.3 Kruger Inc.
    6.1.4 Amcor Limited
    6.1.5 Mondi PLC
    6.1.6 Biopac Limited
    6.1.7 International Paper Company
    6.1.8 Smurfit Kappa Group PLC
    6.1.9 Bemis Company Inc.
    6.1.10 DS Smith PLC
    6.1.11 Klabin SA
    6.1.12 Rengo Co. Ltd.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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