Stora Enso, International Paper and Ecoware are Dominating in the Global Biodegradable Paper and Plastic Packaging Market in 2020

Global Biodegradable Paper and Plastic Packaging Market is expected to grow with the CAGR of 8.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global biodegradable paper & plastic packaging market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global biodegradable paper & plastic packaging market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in January 2019, International Paper was again selected as the World’s most admired companies in the list declared by Fortune. This adds the sales of International Paper to increase the revenue with increase in goodwill of the International Paper.

Stora Enso is the dominating player in the global biodegradable paper & plastic packaging market. The other key players existing in the biodegradable paper & plastic packaging market includes Riverside Paper Co. Inc., SmartSolve Industries, STOROPACK HANS REICHENECKER GMBH, Özsoy Plastik, Ultra Green Sustainable Packaging, Hoşgör Plastik, Eurocell S.r.l., DoECO, Shanghai Disoxidation Enterprise Development Co.,Ltd, Chamness Biodegradables LLC, Robert Cullen Ltd., Tekpak Solutions, International Paper, Be Green Packaging HQ, Hsing Chung Paper Ltd., Ecoware, American Container Concepts Corp., American Excelsior, Inc., BioApply, Federal Industries, Termoplast srl, The Biodegradable Bag Company Ltd. and SAVOPAC among others.

Stora Enso:

Stora Enso is headquartered in Helsinki, Finland and was founded in 1872. The company is engaged in manufacturing and development of wood and biomass based products. The company deals in multiple business segments such as paper, consumer board, biomaterials, wood products, packaging solutions and other out of which packaging solutions is the market focused segment. The company offers various products under categories such as biocomposites, bio-based chemicals, bio-based materials, wood products, intelligent packaging, lignin, paperboard materials, packaging, paper, market pulp, pellets and former fiber among which packaging is the market focused category.

For instance,

• In March 2019, Stora Enso invested USD 5.65 million to build new product line at Hylte Mill in Sweden. With this product line, Stora Enso will manufacture fibre based products. This will increase more engagement of Stora Enso in packaging solutions that will help to increase sales and revenue.

The company has wide global presence in Europe, Asia-Pacific, North America and South America generating revenue through various 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) among others.

International Paper:

International Paper is headquartered in Tennessee, U.S. and was founded in 1898. The company is engaged in the production of fibre based packaging solutions along with pulp & paper. The company deals in multiple business segments such as industrial packaging, global cellulose fibers and printing papers out of which industrial packaging is the market focused segment. The company offers various products under categories such as cellulose fibers, container board, corrugated packaging, papers and recycling among which corrugated packaging is the market focused category.  

For instance,

• In May 2019, International Paper signed an agreement with the West Coast Paper Mills Limited. With the agreement, International Paper shares of an Indian based paper business namely International Paper APPM Limited is been sold to West Coast Paper Mills Limited. The agreement was done to focus growth of global packaging and cellulose fiber business segment resulting in increase of the market shares of the International Paper.

The company has wide global presence across the globe such as in North America, South America, Europe, Middle East and Africa and Asia-Pacific generating revenue through 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.) among others.

Ecoware:

Ecoware is headquartered in Auckland, New Zealand and was founded in 2011. The company is engaged in development of sustainable packaging solutions for food products. The company offers various products under categories such as hot paper cups, cold clear cups, clear bowls, paper bowls & noodles boxes, cutlery, bags and bins liners, straws, kraft tableware and napkins and bamboo & sugarcane tableware among which hot paper cups, cold clear cups, clear bowls, paper bowls & noodles boxes and cutlery are the market focused categories.

For instance,

• In May 2019, Ecoware was awarded with sustainability award by Chivas Regal. The award was given to Ecoware for being the utmost brand among the supermarkets, food trucks or an airline which is working to remove oil based plastic packaging. This will help to increase the sales and revenue with rise in goodwill of the Ecoware.

The company has wide global presence in New Zealand, U.K., Hong Kong and Australia.