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(Transportation-News.com, May 23, 2017 ) Biodegradable paper packaging materials are naturally degradable products. External catalysts are not required for the degradation of biodegradable paper packaging materials. These are widely used in the packaging of food and beverage packaging.
Technavios analysts forecast the global biodegradable paper packaging materials market to grow at a CAGR of 10.56% during the period 2017-2021.
The market is witnessing a high rate of adoption of biodegradable paper or ecofriendly materials by retailers and intermediaries for packaging purposes because of various initiatives taken by governments of many countries to promote the use of sustainable packaging materials. Also, factors such as the growing consumer awareness, change in consumer attitudes, rising preference towards the environment-friendly packaging materials, and the increasing demand for these packaging materials from retail outlets will fuel the market’s growth. Moreover, the market is also driven by the growing inclination of various economies towards the globalization of trade.
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During 2016, APAC accounted for the largest share of the biodegradable paper packaging materials market and will continue to dominate the market during the forecast period. The presence of a large population of high-spending individuals, the increasing disposable incomes, changing lifestyles, rising demand from the food and beverages industry, and the economic developments in this region will boost the acceptance of biodegradable packaging materials among various end users in this region.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Biodegradable Paper Packaging Materials Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
BASF
International Paper
Mondi
Smurfit Kappa
Stora Enso
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-biodegradable-paper-packaging-materials-market-2017-2021-report.html
Other prominent vendors
Biopac
Georgia-Pacific
Holmen
Hood Packaging
Kruger
WestRock
Mayr-Melnhof Karton
Market driver
Increased adoption of biodegradable packaging
For a full, detailed list, view our report
Market challenge
Increase in overall cost of packaging
For a full, detailed list, view our report
Market trend
Increasing product innovations
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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