Global Biodegradable Paper and Plastic Packaging Market is accounted for $9.43 billion in 2021 and is expected to reach $26.66 billion by 2028 growing at a CAGR of 16.0% during the forecast period. Biodegradable packaging is characterized as a means of ensuring that goods are 100% safe against natural degradation. Consumers are changing their choice from synthetic plastic to biodegradable paper & plastic packaging because it is a very eco-friendly product with a low environmental impact.
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By geography, Europe is projected to hold the largest market share during the forecast period due to the rising government initiatives that are promoting the use of bioplastic packaging. Countries such as Sweden, Germany, and U.K. emerged as leading consumer markets and are expected to witness stagnant growth over the forecast period.
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 in Biodegradable Paper and Plastic Packaging Market
• Plastic
• Paper
Applications Covered:
• Food Packaging
• Catering Servicewares
• Personal and Home Care Packaging
• Pharmaceuticals & Healthcare Packaging
• Beverage Packaging
• Consumer Goods & Electronic Appliances
• Logistics
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