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Classified in: Environment, Covid-19 virus
Subject: MRR

Biodegradable packaging materials market to grow at a CAGR of 6.03% from 2022 to 2027: Amcor Plc and BASF SE among key vendors - Technavio


NEW YORK, March 22, 2023 /PRNewswire/ -- The biodegradable packaging materials market size is estimated to grow by USD 30,958.3 million from 2022 to 2027. The growth momentum of the market will accelerate at a CAGR of 6.03%, according to Technavio. The report also includes a detailed analysis of key market vendors, including Amcor Plc, BASF SE, BioPak Pty Ltd., Cargill Inc., Elevate Packaging Inc., Georgia Pacific LLC, Holmen AB, Hood Packaging Corp., International Paper Co., Kruger Inc., Mayr Melnhof Karton AG, Mondi plc, NatureWorks LLC, Novamont Spa, Plantic Technologies Ltd., Smurfit Kappa Group, Stora Enso Oyj, TotalEnergies SE, WestRock Co., and Oji Holdings Corp. To learn more about the biodegradable packaging materials market, request a sample report.

Biodegradable packaging materials market - Vendor insights

The global biodegradable packaging materials market is fragmented, with the presence of many vendors. The market is in a nascent growth stage and has high growth potential. Vendors are focusing on innovations to maintain their market presence. The competition in the market is expected to intensify due to price wars among vendors. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including -

Biodegradable packaging materials market insights -

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Biodegradable packaging materials market ? Market dynamics

Major drivers

Key challenges

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights from a sample report!

The biodegradable packaging materials market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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The glass packaging market is estimated to grow at a CAGR of 4.05% between 2022 and 2027. The size of the market is forecasted to increase by USD 14,102.52 million. This report extensively covers market segmentation by type (borosilicate glass, soda lime glass, and de-alkalized soda lime glass), end-user (food and beverage, personal care, pharmaceutical, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Biodegradable Packaging Materials Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.03%

Market growth 2023-2027

USD 30,958.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.56

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 34%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Amcor Plc, BASF SE, BioPak Pty Ltd., Cargill Inc., Elevate Packaging Inc., Georgia Pacific LLC, Holmen AB, Hood Packaging Corp., International Paper Co., Kruger Inc., Mayr Melnhof Karton AG, Mondi plc, NatureWorks LLC, Novamont Spa, Plantic Technologies Ltd., Smurfit Kappa Group, Stora Enso Oyj, TotalEnergies SE, WestRock Co., and Oji Holdings Corp.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio Materials Market reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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