Biodegradable Paper & Plastic Packaging Market

Biodegradable Packaging Market play important role in Packaging Industry

Biodegradable packaging plays an important role in the packaging industry due to the ever increasing consumer awareness and importance of using eco-friendly, biodegradable packaging materials instead of conventional non biodegradable ones. Biodegradable packaging products are primarily developed from biodegradable plastics such as PLA, Starch based Plastics, PHA, PCL, and PBS or different types of paper and paperboard.

Primary biodegradable packaging materials such as PLA, starch-based plastics, and PHA dominate the biodegradable plastic packaging market and will be growing at a healthy CAGR in the next five years. Within the biodegradable paper packaging materials market, boxboard, corrugated board, and flexible paper will drive majority of the future growth. The growing demand for biodegradable plastic packaging materials over conventional non biodegradable plastic packaging materials like PET proves to be one of the most important factors driving the growth of the market worldwide.

The biodegradable packaging market is driven by rapid growth of food packaging and beverage packaging industries globally especially in emerging economies such as BRIC countries as well as the developed economies of Europe and North America. The developed countries of Europe and North America are expected to contribute almost one third of the future growth in the biodegradable packaging market. Asia-Pacific region, growing at a significantly high CAGR looks to drive the market production by the end of the decade due to fast growing Chinese and Indian packaging industries.

The raw material demand for biodegradable packaging products will also grow hand in hand owing to the increased consumer awareness and hence the usage of biodegradable packaging. Biodegradable plastics are fast replacing the conventional non biodegradable plastics used as raw materials for biodegradable plastic packaging products. Within biodegradable plastics, polylactic acid, starch-based plastics, and polyhydroxyalkanoates are finding greater acceptance on account of their superior properties.

Consumers are demanding for better features and convenience in packaging products. Besides new biodegradable packaging material development, increasing awareness of environmental issues, and the adoption of new regulatory requirements are going to be the key growth drivers for the future biodegradable packaging business.

Related Reports:

Biodegradable Packaging Market by Packaging Type (Plastic and Paper), Applications (Food Packaging, Beverage Packaging, Pharmaceuticals Packaging, Personal & Home Care Packaging, and Others) & by Geography (North America, Europe, Asia-Pacific, and ROW) - Global Trends & Forecast to 2019
https://www.marketsandmarkets.com/Market-Reports/biodegradable-packaging-market-169465607.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Report Code
CH 2347
Published ON
Apr, 2014
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Biodegradable Paper & Plastic Packaging Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved