Biodegradable Packaging Materials Market
Biodegradable Packaging Materials Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Biodegradable Packaging Materials Market Size and Growth
The global Biodegradable Packaging Materials market is expected to grow at a CAGR of 7.2% during the forecast period from 2021 to 2026. The market size is projected to reach $23.1 billion by 2026. Rising environmental concerns and government regulations are driving the demand for sustainable packaging solutions.
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Companies Covered (Covid 19 Impact Covered)
◍ BASF
◍ International Paper
◍ Mondi
◍ Smurfit Kappa
◍ Stora Enso
Competitive landscape of Biodegradable Packaging Materials Market includes key players like BASF, International Paper, Mondi, Smurfit Kappa, Stora Enso. These companies offer innovative biodegradable packaging solutions to cater to the increasing demand for sustainable and eco-friendly packaging materials. Sales revenue figures: International Paper ($22.4 billion), Smurfit Kappa ($9.2 billion), Stora Enso ($10.9 billion).
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Market Segmentation
By Application
◍ Food Packaging
◍ Beverage Packaging
◍ Electronic Packaging
By Product
◍ Corrugated Board
◍ Flexible Paper
◍ Boxboard
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$ X Billion USD
Market Growth
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