Asia-Pacific Biodegradable Paper and Plastic Packaging Market – Industry Trends and Forecast to 2028
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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• 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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