The global Compostable Plastic Packaging Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Compostable Plastic Packaging market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the compostable plastic packaging market was valued at USD 1.61 billion in 2021 and is expected to reach USD 3.80 billion by 2029, registering a CAGR of 11.35 % during the forecast period of 2022 to 2029.
Top Companies in the Global Compostable Plastic Packaging Market:
TIPA LTD (Israel), SmartSolve Industries (U.S.), Özsoy Plastik (Turkey), Ultra Green Sustainable Packaging (U.S.), Hosgör Plastik (Turkey), Eurocell S.r.l (U.K.), Tetra Pak International S.A. (Switzerland), Kruger Inc. (Canada), Amcor PLC (Switzerland), Mondi (U.K.), Smurfit Kappa (U.S.), DS Smith (U.K.), Klabin SA (Brazil), Rengo Co. Ltd (Japan), WestRock Company (U.S.), Stora Enso (Sweden), Bemis manufacturing company (U.S.), Rocktenn (U.S.), BASF SE (Germany), among others.
Grab Sample PDF Copy of Report:
Market Segmentation:
The compostable plastic packaging market is segmented on the basis of material, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- PBAT
- PBS
- PLA
- PHA
- Starch Blends
- Others
Application
- Bags
- Pouches
- Boxes
- Bottles
- Cups
- Trays
- Plates and Bowls
- Other
End User
- Food Service
- Food and Beverage
- Cosmetics and Personal Care
- Homecare
- Healthcare
- Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the compostable plastic packaging market in terms of market share during the forecast period. This is due to the increasing demand for compostable plastic packaging in this region. North America dominates the compostable plastic packaging market due to the prevalence of several manufacturing companies along with growing number of research activities in this region
During the projected period, Asia-Pacific is likely to be the fastest developing region due to the growth of the retail sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Browse The Report Description:
https://www.databridgemarketresearch.com/reports/global-compostable-plastic-packaging-market
Market Dynamics
Drivers
- Growing awareness regarding packaging waste in landfills and oceans
Increasing awareness of packaging waste leakage in public, specifically for plastic waste, into the environment has increased considerably during past years which has enforced to upsurge the demand for sustainable packaging from brand retailers and owners to choose the compostable plastic packaging materials which are likely to upsurge the demand of compostable plastic packaging in the market
- High demand in food industry
Food industries are growing continuously, which upsurge the demand of packaging material. Plastics have altered the food sector to higher levels. But, conventional petroleum-based plastics are non-biodegradable, which has produced lots of ecological problems such as the risk to degrading air and aquatic life so the food industries use compostable plastic packaging. It has emerged as a different approach for many industrial applications to control the hazard caused by non-compostable plastic.
- Rise the demand of ecofriendly packaging
Increasing awareness regarding eco-friendly packaging overall the developed economies is rising the adoption rate of compostable plastic packaging in large companies, These companies are adopting compostable plastic packaging to retain their consumer base, which are expected to drive the compostable plastic packaging market globally.
Opportunities
- Increasing investment and technological advancement
Technological advancement along with the increasing levels of investment on research and development activities will further create many opportunities that will lead to the growth of the compostable plastic packaging market during the forecast period.
Also, the rising demand of sustainable packaging from various end user industries such as personal care, food and beverages, and others and growing awareness among the consumer regarding the adoption of compostable plastic packaging solutions are some of the major factors which will be expected to uplift the growth of the compostable plastic packaging market during forecast period.
Browse Other Trending Reports:
Global Clip Applicators Market – Industry Trends and Forecast to 2029
https://www.databridgemarketresearch.com/reports/global-clip-applicators-market
Global Amblyopia Drugs Market – Industry Trends and Forecast to 2029
https://www.databridgemarketresearch.com/reports/global-amblyopia-drugs-market
Global Autoimmune Lymphoproliferative Syndrome (ALPS) Market – Industry Trends and Forecast to 2029
https://www.databridgemarketresearch.com/reports/global-autoimmune-lymphoproliferative-syndrome-alps-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Contact Us:
Data Bridge Market Research
Tel: +1-888-389.80-2818 | +44 208 089 1725 | +852 8192 7475
Email: [email protected]