Global Compostable Packaging Market is Expected to Grow at 17.4% in the Forecast Period of 2020 to 2027

Compostable Packaging Market is forecasted to grow at 17.4% with factors such as increasing consumption of biodegradable plastics in wide range of applications.

Compostable packaging market has shown exceptional penetration in countries such as U.S., Germany and China. Growing usage of biodegradable materials for packaging products is increasing the penetration in developed countries. In developing countries, rising concern from government institutions towards recycling of compostable packaging is creating opportunity for the global compostable packaging market.

Compostable Packaging Market Scenario

According to Data Bridge Market Research the market for compostable packaging in Europe region has the highest market share followed by Asia-Pacific and North America. Market leader is Amcor plc which accounts an estimated market share of approximately 12% to 15% in the Asia-Pacific.

Trends Impacting the Market

Now the question is which other regions Amcor plc, Smurfit Kappa and International Paper are targeting? Data Bridge Market Research has forecasted a large growth in Europe compostable packaging market and the market leaders are targeting Russia and the U.K. to be their next revenue pockets for 2020.

The compostable packaging market is becoming more competitive every year with companies such as Amcor plc, Smurfit Kappa and International Paper as they are the market leaders for compostable packaging. The data bridge market research new reports highlight the major growth factors and opportunities in the compostable packaging market.

For more analysis on the compostable packaging market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-compostable-packaging-market

Compostable Packaging Market Development

• In September 2019, TIPA, compostable flexible packaging’s manufacturer raised USD 25 million in venture capital funding. The company stated that its multilayer packaging is produced from mixture of polymers that can be completely compostable in 180 days.

Scope of the Compostable Packaging Market

Global compostable packaging market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa.

• All country based analysis of compostable packaging market is further analyzed based on further segmentation. On the basis of product type; the market is segmented into bags, trays, cups, plates, films, lids, straws, cutlery, bowls, clamshells, pouches & sachets, others. Based on material, the market is segmented into plastic, paper & paperboard, others. By packaging layer, the market is segmented into primary packaging, secondary packaging, tertiary packaging, by distribution channel the market is segmented into B2B, supermarkets/hypermarkets, departmental stores, convenience stores, specialty stores, e-commerce, others and by end-user the market is segmented into food & beverages, medical, automotive, electrical & electronics, agriculture, textile goods, personal & home care, chemical, others.

To know more about the study https://www.databridgemarketresearch.com/reports/global-compostable-packaging-market

Key Pointers Covered in Compostable Packaging Market Industry Trends and Forecast to 2027

• Market Size
• Market Standards and Changes
• Market Trials in Different Regions
• Market Requirements in Different Regions
• Market Shares in Different Regions
• Recent Developments for Market Competitors
• Recent Market Value for Different regions
• Sales Data for Market Competitors
• Key Vendors and Disruptors Study
• Supply Chain Competiveness
• Value Chain Analysis

Key Market Competitors Covered in the Report

• 3M
• TIPA Compostable Packaging
• ULTRA
• GREEN SUSTAINABLE PACKAGING
• International Paper
• Smurfit Kappa
• Mondi
• BASF SE
• Be Green Packaging HQ
• Futamura Group
• Stora Enso
• WestRock Company
• BIOPAK, Amcor plc
• Wuxi Topteam Co.,Ltd
• NatureWorks LLC
• Ecolifellc.com
• Lithey Inc.
• Paper Water Bottle
• Genpak, LLC
• Biotec Pvt. Ltd
• Avani Eco

Above are the key players covered in the report, to know about more and exhaustive list of compostable packaging companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-compostable-packaging-market

Research Methodology: Global Compostable Packaging Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

• Demand Side: Textile Industry, Automobile Industry, Household Appliances
• Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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