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Biodegradable Packaging Market 2022 Key Insights on Competitive Landscape till 2027

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The Global Biodegradable Packaging Market size was US$ million in 2021 and is forecast to reach US$ million by 2027, growing at a (CAGR) of 5% during the forecast period 2022 to 2027.

Astute Analytica published a new report titled, Global Biodegradable Packaging Market Analysis, Trends, Drivers and Growth Forecast to 2030.  

The Global Biodegradable Packaging Market size was US$ million in 2021 and is forecast to reach US$ million by 2027, growing at a (CAGR) of 5% during the forecast period 2022 to 2027.

The research provides in-depth details on the major players in the Global Biodegradable Packaging Market, together with their financials, strategies, acquisitions, mergers, and market shares. 

In-depth analysis, Global Biodegradable Packaging Market revenue information, and other significant data are also included in this research regarding the global market and its numerous trends, drivers, restraints, market opportunities, and threats through 2030. 

The producing situation in a competitive market (2022–30): The top manufacturers control the majority of output and market share. The report includes information about the Competitive Market Situation and Trends, Sales Area, Average Sales Price, Product Category, Manufacturer Revenue, Market Share, Industrial Base Distribution of Manufacturers, and Market Growth Rate. 

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Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Global Biodegradable Packaging Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.

The market can be segmented on the basis of the following segments.

By Material

  • Plastic
    • Starch-Based Plastics
    • Cellulose-Based Plastics
    • Polylactic Acid (PLA)
    • Poly-3-Hydroxybutyrate (PHB)
    • Polyhydroxyalkanoates (PHA)
    • Other Plastics
  • Paper
    • Kraft Paper
    • Flexible Paper
    • Corrugated Fibreboard
    • Boxboard

By Application

  • Food Packaging
  • Beverage Packaging
  • Pharmaceuticals Packaging
  • Personal and Homecare Packaging
  • Others

Competitive Landscape

  • Amcor
  • BASF SE
  • Clearwater Paper Corporation
  • International Corp.
  • Kruger Inc.
  • Mondi Group
  • Novamont S.P.A.
  • Reynolds Group Holding Limited
  • Rocktenn
  • Sealed Air Corporation
  • Smurfit Kappa Group
  • Tetra Pak International SA

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Impact Analysis of COVID-19:

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies’ stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Regional Insights:

As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.

The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.

Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@astuteanalytica.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +18884296757 to share your research requirements.

According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures. Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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