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.
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.
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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.
To know more about the study https://www.databridgemarketresearch.com/reports/global-compostable-packaging-market
Key Market Competitors Covered in the Report
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
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.
Browse in Materials and Packaging Category Related Reports@ https://www.databridgemarketresearch.com/report-category/materials-and-packaging
Global Compostable Packaging Market – Industry Trends and Forecast to 2027
Asia-Pacific Compostable Packaging Market – Industry Trends and Forecast to 2027
Europe Compostable Packaging Market – Industry Trends and Forecast to 2027
Middle East and Africa Compostable Packaging Market – Industry Trends and Forecast to 2027
North America Compostable Packaging Market – Industry Trends and Forecast to 2027