Biodegradable Plastic Packaging Market – Technology and
Pune, May 05, 2022 (GLOBE NEWSWIRE) — Biodegradable packaging protects goods from natural degradation. Bioplastics conserve resources by keeping food safe, withstanding high temperatures and retaining their shape over time. Biodegradable plastic packaging has the same properties as traditional plastic packaging but is more environmentally friendly. Biodegradable plastic is made from all-natural, plant-based raw materials, allowing for a natural breakdown process in which bacteria and fungi in the environment metabolize the polymers. This helps break down a biodegradable plastic structure. Biodegradable packaging made from natural ingredients like starch, cellulose, protein and vegetable oil is a promising alternative to plastic packaging. Many retailers have started using recycled paper and biodegradable plastic bags for packaging in response to government regulations.
“The global market for biodegradable plastic packaging is expected to grow at a CAGR of 20.3% between 2022 and 2030, to reach a value of approximately $14.1 billion in 2030.”
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Biodegradable polymers derived from these sources can be used to help maintain a healthy environment. Traditional plastics for packaging are hazardous, non-biodegradable, and contribute to global warming, water and air pollution, and other environmental issues. The expansion of emerging economies and the growing demand for biodegradable plastics from end-use industries are expected to open up new markets for biodegradable plastics manufacturers. More and more food and beverage manufacturers are using biodegradable plastics to address environmental and economic concerns. As government regulations regarding pollution become stricter, industries are turning to biodegradable plastics in their packaging. However, high costs are preventing the biodegradable plastic packaging market from growing faster than its traditional counterpart. Growing government initiatives are contributing to the growth of the biodegradable plastic packaging market.
Major vendors in the biodegradable plastic packaging market include Tetra Pak International SA, Plastic Suppliers Inc., Kruger Inc., Amcor PLC, Mondi PLC, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, Klabin SA, Rengo Co Ltd, WestRock Company, Stora Enso, Stora Enso, Bemis Company Inc. and Rengo Co. Ltd.
The vendor assessment includes an in-depth analysis of how the vendors meet the demand in the Biodegradable Plastic Packaging market. The MDC Competetive Scape model was used to assess the qualitative and quantitative information for this assessment. MDC’s Competitive Scape is a structured method to identify key players and describe their strengths, relevant characteristics and outreach strategy. MDC’s Competitive Scape enables organizations to analyze the environmental factors that influence their business, set goals and identify new marketing strategies. MDC Research analysts conduct in-depth investigation into solutions, services, programs, marketing, organization size, geographic focus, organization type, and vendor strategies.
Technology has a huge impact on business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for companies. Technology assessment helps organizations understand their current technology situation and offers them a roadmap towards which they might want to evolve and grow their business. A well-defined process for evaluating and selecting technology solutions can help organizations reduce risk, achieve their goals, identify the problem, and fix it the right way. Technology assessment can help companies identify which technologies to invest in, meet industry standards, and compete with competitors.
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Business ecosystem analysis
Advances in technology and digitalization have changed the way companies do business; the business ecosystem concept helps companies understand how to thrive in this changing environment. Business ecosystems offer organizations the opportunity to integrate technology into their day-to-day business operations and improve their research and business skills. The business ecosystem comprises a network of interconnected businesses that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships between suppliers, distributors, and end users in the delivery of a product or service.
Regions and countries covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia- Pacific) and Rest of the World (Row)
Biodegradable Plastic Packaging Market Dynamics, Impact of Covid-19 on the Biodegradable Plastic Packaging Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Analysis segmental, biodegradable plastic packaging market sizing, analysis charts.
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Supplier Profiles Covered
All major Tier 1, 2 and 3 companies are covered in this Biodegradable Plastic Packaging Market Report (25 Vendor Profiles)
Answers to key questions in this report:
- What is the potential of the Biodegradable Plastic Packaging market?
- What is the impact of COVID-19 on the global Biodegradable Plastic Packaging market?
- What are the major strategies adopted by companies in the Biodegradable Plastic Packaging market?
- What are the challenges faced by SMEs and major vendors in the Biodegradable Plastic Packaging Market?
- Which region has the highest investments in the biodegradable plastic packaging market?
- What is the latest research and activity within the Biodegradable Plastic Packaging Market?
- Who are the key players in the Biodegradable Plastic Packaging market?
- What is the potential of the Biodegradable Plastic Packaging market?
Additional vendor profiles can be added based on customer business needs
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