Global Biodegradable Plastic Packaging Market: Overview Biodegradable plastic packaging market is projected to witness immense growth opportunities in the upcoming years. Naturally-derived polymers consisting of multiple agricultural products including starch, cellulose, protein and vegetable oil are biodegradable packaging materials. Mostly renewables and are helpable to preserve a sustainable atmosphere are biodegradable polymers from those sources. The harmful, non-biodegradable, and global warming as well as water and air pollution lead to traditional plastics for packaging. Several governments have, therefore, imposed several regulations prohibiting the use of standard plastic bags, thus increasing the consumption of paper and biodegradable plastic bags for packaging. This research on the global market for biodegradable plastics is based upon drivers, constraints, opportunities and threats affecting the industry. The study provides an opportunity for the new market entrants to identify growth strategies used by existing market players. Several trends, together with focus points on regional subdivisions of the industry, will have an impact on the trajectory of growth for the global biodegradable plastic packaging market. Want to know the obstructions to your company’s growth in future? Request a brochure Major Key Players of the Biodegradable Plastic Packaging Market are: Tetra Pak International SA, Kruger Inc., Amcor Limited, Modi PLC, and Plastic Suppliers Inc. Global Biodegradable Plastic Packaging Market: Notable Developments Key industrial development influencing the global biodegradable plastic packaging market includes:
Key industry players are focusing on fresh biodegradable packaging goods to increase market share in the worldwide market for biodegradable packaging. For example, in 2017 the Packaging Group in Canada developed biodegradable packaging from high-starch plants such as corn and grained, made from polylactic acid (PLA).
Kroger, a company based in the United States, has announced in 2018 that it will be able to handle the plastic bag free in all its nearly 2,800 stores (about 6 billion bags every year, one of the largest food supply chains in the country). Two dozen distinct food chains serve nearly 9 million individuals a day. The demand for biodegradable plastic packaging is anticipated to increase.
In the context of a growing demand for environmentally friendly beverage packaging throughout Europe, Crown Holdings Inc., a US company in Jakarta, Indonesia, opened a new plant. In view of robust economic growth in the country and its large population, such environmentally-friendly initiatives offer substantial biodegradable packaging potential.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions. Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey