The global biodegradable packaging market is projected to grow at a CAGR of around 5% during the forecast period. The market is segmented on the basis of materials and applications. Based on the materials segment, the market is bifurcated into paper and plastic. The paper segment includes corrugated boxes, boxboard & paperboard cartons, and flexible paper. While the plastic segment is segmented into starch-based plastics, cellulose-based plastics, polylactic acid (PLA), poly-3-hydroxybutyrate (PHB), polyhydroxyalkanoates (PHA), and other plastics.
Further, Mondi Group, Amcor Plc, Smurfit Kappa Group, International Paper Co., Berry Global Inc., Huhtamaki Group, TetraPak International S.A., and others are some of the key players contributing to the growth of the biodegradable packaging market. New product launches & developments, partnerships, agreements, and acquisitions are some of the key strategies adopted by the players in order to cope in the competitive market.
Global Biodegradable Packaging Market – Segmentation
By Material
• Paper
• Plastic
By Application
• Food & Beverage Packaging
• Consumer Goods & Electronics Packaging
• Pharmaceutical Packaging
• Other Applications
A Full Report of Global Biodegradable Packaging Market is Available at: https://www.omrglobal.com/request-sample/biodegradable-packaging-market
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