According to Stratistics MRC, the Global Biodegradable Paper and Plastic Packaging Market is accounted for $8.05 billion in 2020 and is expected to reach $26.75 billion by 2028 growing at a CAGR of 16.2% during the forecast period. Increasing vector borne diseases being caused by single use plastics, growing consumer awareness towards eco-friendly products and rising use of paper and plastics in the packaging industry are the major factors propelling the market growth. However, cost of raw material and lack of sufficient technology are hampering the market growth.
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By geography, Europe is going to have a lucrative growth during the forecast period due to the rising government initiatives that are promoting the use of bioplastic packaging. Germany is dominating in the Europe biodegradable paper & plastic packaging market due to the increasing demand of packed food product in plastic containers in the country.
Some of the key players profiled in the Biodegradable Paper and Plastic Packaging Market include Amcor Plc, BagInCo International, BASF SE, Bio-Eco, DS Smith, Georgia-Pacific LLC, Holmen AB, International Paper Co., Kruger Inc., Mondi Group, Plascon Group, PMMI Media Group, Reynolds Group, Smurfit Kappa Group Plc, Stora Enso Oyj, and WestRock.
Packaging Types Covered:
• Plastic
• Paper
Applications Covered:
• Food Packaging
• Catering Servicewares
• Personal and Home Care Packaging
• Pharmaceuticals & Healthcare Packaging
• Beverage Packaging
• Consumer Goods & Electronic Appliances
• Logistics
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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