Global Biodegradable Packaging Market Size & Share - Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Global Biodegradable Packaging Market Size & Share - Segmented by Material Type, Application and Region - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Biodegradable Packaging Market was valued at USD 81.01 billion in 2017 and is expected to reach a value of USD 113.55 billion by 2023 at a CAGR of 5.9% over the forecast period (2018-2023).
Biodegradable packaging products are increasingly finding adoption in a wide variety of industries, owing to their low environmental impact and growing demand for sustainable solutions. As majority of the materials used in this packaging are natural, which enables native degradation without the need for an external catalyst, these solutions find high application in food & beverage industry.
Many industries and governments have taken initiatives to reduce wastage and utilize proper solutions to counter the environmental impact. Companies, such as Unilever and P&G, have pledged to move to natural packaging solutions and reduce ecological footprint by 50%. This is one of the factors driving the usage of biodegradable packaging across industries.
The growing number of innovations like active and intelligent packaging solutions in the industry are expanding the product availability to the end-users. Thus, companies are finding it more accessible to deploy these solutions, thereby increasing the adoption rate.
Key HighlightsGrowing Conscientious Population is Moving Toward the Adoption of More Sustainable Solutions Paper-Based Packaging Solutions to Dominate the Market in 2018
2. Research Approach and Methodology
3. Executive Summary
4. Market Overview
5. Market Dynamics
6. Segmentation By Material
7. Segmentation By Application
8. Segmentation By Geography
9. Biodegradable Packaging Market Competitive Intelligence - Company Profiles
10. Investment Analysis
11. Future Outlook
Companies ProfiledTetra Pak International S.A. 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 S.A. Rengo Co. Ltd.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005450/en/
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 12/18/2018 08:15 AM/DISC: 12/18/2018 08:16 AM