Global Compostable Plastic Packaging Market, By Material Type (PBAT, PBS, PLA, PHA, Starch Blends, Others), Application (Bags, Pouches, Boxes, Bottles, Cups, Trays, Plates and Bowls, Others), End-User Industry (Food Service, Food and Beverage, Cosmetics and Personal Care, Homecare, Healthcare, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Compostable plastic packaging industry will hit an expected size of USD 16.88 billion by 2027, thus tracking this growth at a rate of 18.20 percent for the 2020 to 2027 forecast period. Compostable plastic packaging market report analyses the growth which is currently rising due to people's understanding regarding the benefits of environmentally friendly goods.
The growing demand of the sustainable packaging, rising applications from various industries such as food and beverages, personal care, and others, increasing awareness among the people regarding the adoption of compostable packaging solutions are some of the insightful factors which will likely to uplift the growth of the compostable plastic packaging market in the forecast period of 2020-2027. On the other hand, surging levels of investment on research and development activities along with technological advancement which will further bring various opportunities that will led to the growth of the compostable plastic packaging market in the above mentioned forecast period.
High cost of product along with availability of affordable substitutes which will likely to impede the growth of the compostable plastic packaging market in the above mentioned forecast period. Limited availability of the product will become the biggest and foremost challenge for the growth of the market.
This compostable plastic packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on compostable plastic packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Compostable Plastic Packaging Market Scope and Market Size
Compostable plastic packaging market is segmented on the basis of material type, end-user industry, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the compostable plastic packaging market is segmented into PBAT, PBS, PLA, PHA, starch blends, and others.
- Based on end-user industry, the compostable plastic packaging market is segmented into food service, food and beverage, cosmetics and personal care, homecare, healthcare, and others.
- The compostable plastic packaging market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for compostable plastic packaging market includes bags, pouches, boxes, bottles, cups, trays, plates and bowls, and others.
Compostable Plastic Packaging Market Country Level Analysis
Compostable plastic packaging market is analysed and market size, volume information is provided by country, material type, end-user industry, and application as referenced above.
The countries covered in the compostable plastic packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the compostable plastic packaging market due to the prevalence of various manufacturing companies along with increasing number of research activities in the region. Asia-Pacific region is expected to hold the largest growth rate due to the growth of the retail sector in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Compostable Plastic Packaging Market Share Analysis
Compostable plastic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compostable plastic packaging market.
The major players covered in the compostable plastic packaging market report are SK chemicals.; BASF SE; KANEKA CORPORATION; Eco Friendly Product – NTIC; FKuR Kunststoff GmbH; NatureWorks LLC; SOLTECT; Danimer Scientific; Green Dot Bioplastics Inc; BIOTEC; GRABIO GREENTECH CORPORATION; Minima; Novamont S.p.A.; Cardia Bioplastic Ltd.; Clearwater Paper Corporation; Smurfit Kappa; Mondi; Stora Enso; Kruger Inc.; Perstorp; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Compostable Plastic Packaging Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.