Global Compostable Packaging Market is expected to grow with the CAGR of 17.4% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global compostable 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 compostable packaging market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in August 2019, BIOPAK announced its expansion of sustainable packaging products in Singapore as the country has announced the year of zero waste from packaging products. With this expansion the company established its sustainable product portfolio in Singapore.
Amcor plc is the dominating player in global compostable packaging market. The other key players existing in the market includes 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, Wuxi Topteam Co.Ltd, NatureWorks LLC, Ecolifellc.com, Lithey Inc., Paper Water Bottle, Genpak, LLC, Biotec Pvt. Ltd, Avani Eco.
Amcor plc
Amcor plc, headquartered in Zurich, Switzerland which was founded in 1860. The company is engaged in developing responsible packaging solutions for beverage, food, pharmaceutical and other industries and their business segments are flexibles, rigid packaging out of which market focused segment is flexibles.
The company has wide global presence across the globe such as Americas, Asia-Pacific, Europe and Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Vinisa Fueguina S.R.L. (Argentina), Amcor Flexibles Transpac BVBA (Belgium), Amcor Flexibles Denmark ApS (Denmark), Amcor Flexibles Selestat SAS (France) and Amcor Flexibles Zutphen BV (Netherlands) among others.
Smurfit Kappa
Smurfit Kappa is headquartered in Dublin, Ireland and it was founded in year 1934. The company is engaged in manufacturing of corrugated packaging materials and production of container boards. The company offers wide range of product categories such as packaging, bag-in-box packaging, displays, packaging machinery, containerboard, paper and board and recycling under which Paper and Board is market focused category.
The company has presence in Americas and Europe with its various subsidiaries such as Smurfit Kappa de Argentina S.A. (Argentina), Smurfit Kappa Wellkart GmbH (Germany), Smurfit do Brasil Participacoes Ltda (Brazil), Smurfit Canada Holdings Limited (Canada), Kappa Borup A/S (Denmark), Smurfit Kappa Investments UK Limited (U.K.) among others.
Smurfit Kappa in the year 2019 introduced AgroPaper which is a green and compostable paper used to substitute the plastic material used for mulching several farmers and growers in the area of vegetable cultivation. It will help the company to expand its product portfolio.
International Paper
International Paper is headquartered in Tennessee, U.S. which was founded in 1898. The company is engaged in the production of fibre based packaging solutions along with pulp & paper. The company has business segments which are industrial packaging, global cellulose fibers and printing papers among which industrial packaging is market focused segment.
The company has wide global presence in North America, South America, Europe, Middle East & Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Temple-InLand (U.S.), Hammermill Paper Company (U.S.), Cartonajes Union S.L. (Spain), Weldwood of Canada, Ltd. (Canada), xpedx, LLC (U.S.) among others.
