Asia
Pacific Biodegradable paper & plastic packaging market is expected to
gain market growth in the forecast period of 2021 to 2028. Data Bridge Market
Research analyses that the market is growing at a CAGR of 9.6% in the forecast
period of 2021 to 2028 and expected to reach USD 1,594,084.79 thousand by 2028.
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. In different sectors, including packaging, food and
beverages and the healthcare sector, biodegradable packaging has various
applications. A biodegradable packaging is manufactured based on the type of
material which is required to store different kind of materials.
Asia-Pacific region is dominating due to increase in
urbanization in India and China which boosts the demand of biodegradable paper
& plastic packaging among the consumers. The growing demand of the
biodegradable paper & plastic packaging is due to the increase in growth of
awareness about the biodegradable materials.
This biodegradable paper & plastic packaging market
report provides details of market share, new developments, and product pipeline
analysis, impact of domestic and localised market players, analyses
opportunities in terms of emerging revenue pockets, changes in market
regulations, product approvals, strategic decisions, product launches,
geographic expansions, and technological innovations in the market. To
understand the analysis and the market scenario contact us for an Analyst
Brief, our team will help you create a revenue impact solution to achieve your
desired goal.
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Asia-Pacific Biodegradable Paper & Plastic
Packaging Market Scope and Market Size
Biodegradable paper & plastic packaging market is
segmented on the basis of type, material and end-user. The growth among
segments helps you analyse niche pockets of growth and strategies to approach
the market and determine your core application areas and the difference in your
target markets.
- On
the basis of material,
the biodegradable paper & plastic packaging market is segmented into
plastic and paper. In 2021, plastic segments are dominating due to
increase in demand in food and beverages industry with rise in income
level of people.
- On
the basis of type, the biodegradable paper & plastic packaging market
is segmented into plastic and
paper. In 2021, plastic segments are dominating due to increase in demand
in medical device, agriculture and aerospace industry.
- On
the basis of end-user, the biodegradable paper & plastic packaging
market is segmented into packaging, food
and beverage, catering servicewares, personal and home care, healthcare and
others. In 2021, food and beverage segments are dominating due to
increased dependency on packed and outside food with change in lifestyle.
Biodegradable Paper & Plastic Packaging Market
Country Level Analysis
Asia-Pacific market is analysed and market size information
is provided by country, type, material and end-user as referenced above.
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The countries covered in Asia-Pacific biodegradable paper
& plastic packaging market report are Japan, China, South Korea, India,
Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines and Rest of
Asia-Pacific.
- In
Asia-Pacific, China biodegradable paper & plastic packaging market is
dominating the market due to increasing usage of biodegradable paper &
plastic packaging in the food and beverages and construction sectors.
The country section of the report also provides individual
market impacting factors and changes in regulation in the market domestically
that impacts the current and future trends of the market. Data points such as
new sales, replacement sales, country demographics, regulatory acts and
import-export tariffs are some of the major pointers used to forecast the
market scenario for individual countries. Also, presence and availability of
brands and their challenges faced due to large or scarce competition from local
and domestic brands, impact of sales channels are considered while providing
forecast analysis of the country data.
Increase in Demand for Lower Carbon Footprint Materials
Biodegradable paper & plastic packaging market also
provides you with detailed market analysis for every country growth in
installed base of different kind of products for biodegradable paper &
plastic packaging market, impact of technology using life line curves and
changes in requirement of healthcare products, regulatory scenarios and their
impact on the biodegradable paper & plastic packaging market. The data is
available for historic period 2010 to 2019.
Competitive Landscape and Biodegradable Paper &
Plastic Packaging Market Share Analysis
Biodegradable paper & plastic packaging market
competitive landscape provides details by competitor. Details included are
company overview, company financials, revenue generated, market potential,
investment in research and development, new market initiatives, global
presence, production sites and facilities, company strengths and weaknesses,
product launch, clinical trials pipelines, brand analysis, product approvals,
patents, product width and breadth, application dominance, technology lifeline
curve. The above data points provided are only related to the company’s focus
related to biodegradable paper & plastic packaging market.
The major players covered in the report are SmartSolve
Industries, STOROPACK HANS REICHENECKER GMBH, Shanghai Disoxidation Enterprise
Development Co.Ltd, Stora Enso, Tekpak Solutions, International Paper, Be Green
Packaging HQ, Hsing Chung Paper Ltd., Ecoware, among other domestic and global
players. DBMR analysts understand competitive strengths and provide competitive
analysis for each competitor separately.
Many product developments are also initiated by the
companies worldwide which are also accelerating the growth of biodegradable
paper & plastic packaging market.
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For instance,
- In
July 2018, Be Green Packaging HQ launched new innovative product of
packaging solutions such as trays with a new blend renewable natural
fibers. The product can be used in number of applications such as
household chemicals, personal care, specialty food, wine/spirits and
others. This will help in rise in sales and revenue value of Be Green
Packaging HQ.
Partnership, joint ventures and other strategies enhances
the company market share with increased coverage and presence. It also provides
the benefit for organisation to improve their offering for biodegradable paper
& plastic packaging.
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