International Paper, Stora Enso and Ecoware are dominating the Global Biodegradable Paper & Plastic Packaging Market in the year 2019

Global biodegradable paper & plastic packaging market is expected reach USD 6,491,468.27 thousand by 2026, is growing with a healthy CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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Global biodegradable paper & plastic packaging market is a highly concentrated market which includes key players and local players. The market has witnessed increased strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the demand of personal and homecare, healthcare, packaging, catering services food and beverage and which is one of the factors boosting the growth of the market. The rising environmental issues and decomposition of materials is driving the biodegradable paper & plastic packaging market.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio in order to meet the rising demand of innovative technology. For instance, In January 2019, DoECO- announced launch of a new range of biodegradable plates. The company developed ECO PLATE 230 “BIO” and ECO PLATE 180 “BIO” which are completely laminated from the inside. The company is focusing on developing product which are sustainable to environment and marinating the quality of products to meet the market demand.

International Paper dominated the global biodegradable paper & plastic packaging market. he other key players existing in the market includes  Stora Enso and Ecoware. The other key players existing in the market includes Be Green Packaging HQ, DoECO, Ultra Green Sustainable Packaging, Termoplast SRL, Robert Cullen Ltd. and others.

International Paper:

International Paper headquartered in Tennessee, U.S. was founded in 1898. The company focusses in the production of fibre based packaging solutions along with pulp & paper. The company has three operating divisions namely, industrial packaging, global cellulose fibers and printing papers.

Industrial packaging segment offers sustainable solutions for commerce and consumers safe. Global cellulose fibers deals in sustainable, renewable raw material for every-day use products. Printing papers wide range of papers for business and home use.

  • In May 2019, International Paper signed an agreement with the West Coast Paper Mills Limited to sell its present controlling shares to an Indian based paper business namely International Paper APPM Limited. The agreement focused on the growth of global packaging and cellulose fiber business segment resulting in increase of the market shares of the company.

It has its global networks in North America, South America, Europe, Middle East & Africa and Asia-Pacific. The company has various subsidiaries such as TempleInLand (U.S.), Hammermill Paper Company (U.S.), Cartonajes Union S.L. (Spain), Weldwood of Canada, Ltd. (Canada), xpedx, LLC (U.S.) and others.

Stora Enso:

Stora Enso headquartered in Helsinki, Finland was founded in 1872. The company focusses on in the manufacturing and development of wood and biomass based products. The company operates through six business segments which include paper, consumer board, biomaterials, wood products, packaging solutions and other.

Consumer board includes high-quality virgin fibre cartonboard. Packaging solutions deals in product fibre-based board materials and corrugated packaging. Biomaterial operates in different pulp grades to meet the demands of tissue, textile, paper, board and hygiene product producers. Wood products offer massive wooden elements and wooden components. Paper operates in variety of products based on paper.

  • In March 2019, Stora Enso invested USD 5.65 million for building new product line at Hylte Mill in Sweden. The company will develop products and build infrastructure related to the manufacturing of fibre products. The company is engaged in providing biodegradable solutions for packaging.

It has its global networks in the Europe, Asia Pacific, North America and South America. It operates through its subsidiaries such as Stora Enso Poland S.A. (Poland), Stora Enso China Packaging (China), Stora Enso Packaging (Finland), Stora Enso Packaging (Russia), June Emballage (Sweden) and others.

Ecoware:

Ecoware company is headquartered in Auckland, New Zealand was founded in 2011. The company is engaged in development of sustainable packaging solutions for food products. The company products categories include hot paper cups, cold clear cups, clear bowls, paper bowls & noodles boxes, cutlery, bags, straws, kraft tableware, napkins and bamboo tableware.

  • In May 2019, Ecoware was awarded with the sustainability award by Chivas Regal for being the utmost brand among the supermarkets, food trucks or airlines with its eradicating oil based plastic packaging or bamboo based alternatives. The partnerships with various giant supermarkets like SKYCITY and Air New Zealand provided the company with brand exposure in the global market.

The company has its global networks through direct sales representatives and distributors in New Zealand, U.K., Hong Kong and Australia.