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The Global Biodegradable Packaging Market is anticipated to Post a Significant CAGR of 7.5% By the End of 2021, According to Research Nester.

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The global biodegradable packaging market is segmented into application such as food packaging, pharmaceutical packaging, beverage packaging and others. Among these segments, food packaging segment grabbed the largest stake of overall biodegradable packaging market with 70.2% share. Apart from this, beverage packaging is projected to witness lucrative growth in near future. Likely, robust expansion of food and beverages industry over the globe on the back of changing consumer preference towards food products is believed to flourish the growth of global biodegradable packaging market. In addition to this, increasing sale of ready to eat food is also envisioned to trigger the market of global biodegradable packaging in near future.

Global biodegradable packaging market is anticipated to capture a noteworthy CAGR of 14.2% over the forecast period i.e. 2015-2021. Moreover, the global biodegradable packaging market is anticipated to account exponential sales of USD 17.9 Billion by the end of 2021. Additionally, the market is riding on the back of growing demand for sustainable packaging.

The paper segment by material type is projected to seize a remarkable CAGR during the forecast period. Apart from this, Europe and North America are the prominent regional markets of biodegradable packaging. Additionally, rising government regulations towards limiting non-biodegradable packaging due to environment concerns is expected to push the market of biodegradable packaging in both the regions. Apart from this, Asia-Pacific region is predicted to be the fastest growing biodegradable packaging market owing to increasing awareness about eco-friendly packaging.

Evolution of Packaging Industry

Mounting environmental concerns throughout the world have pushed the government to increase their spending on the development of eco-friendly products which is believed to augment the demand for biodegradable packaging. Furthermore, growing concerns for waste disposal all over the globe is also predicted to foster the growth of biodegradable packaging market.

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Advancement in Packaging

Recent advancement in biodegradable packaging industry such as introduction of new material which includes starch, cellulose and other materials which are derived from processes involving microbial fermentation. Moreover, enhanced impact resistance and tensile strength are some of the factors propelling the market of biodegradable packaging.

On the contrary, lack of government initiatives in underdeveloped nations regarding the adoption of biodegradable packaging is expected to be the major factor hampering the market of biodegradable packaging by 2021.

global-biodegradable-packaging-market

The report titled “Global Biodegradable Packaging Market Analysis & Opportunity Outlook 2021delivers detailed overview of the global biodegradable packaging market in terms of market segmentation by material type, by applications and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global biodegradable packaging market which includes company profiling of International Paper, Biopac, Natureworks LLC, Stora Enso, Clearwater Paper Corporation, Novamont S.P.A, Georgia-Pacific LLC, Rocktenn, Mondi Group, Smurfit Kappa Group, Kruger Inc. and BASF SE. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global biodegradable packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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For Table of Content & Free Sample Report Contact:

Name:-Ajay Daniel

Email: ajay.daniel@researchnester.com

U.S. +1 646 586 9123

U.K. +44 203 608 5919

Website:-www.researchnester.com

Ajay Daniel

Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Through our robust, unbiased extensive primary and secondary research, we help organizations to understand current and future market trends, thus letting them making a prolonged yet dynamic financial investment. We never believe in working as a consultant for our clients but as a business partner, helping the business to grow with a positive wave. With our high level of in-depth industry knowledge and analysis, you always can rely upon us for current market estimation and respective future market forecast for every geographical region.

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