The global biodegradable paper packaging materials market to grow at a CAGR of 10.56% during the period 2017-2021.
The report, Global Biodegradable Paper Packaging Materials Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increasing product innovations. With the increased adoption of biodegradable packaging materials, the vendors in the market are investing in the development of new products. They constantly upgrade their product portfolios and invest in developing materials with properties that are specific for specified applications. The manufacturers of packaging materials are now looking at differentiating their products from those offered by their competitors by providing the best biodegradable packaging products to meet the customers’ needs.
According to the report, one of the major drivers for this market is increased adoption of biodegradable packaging. Biodegradable papers are degraded rapidly by microbes. Retailers play an important role in encouraging the consumers to adopt biodegradable paper packaging materials. In recent years, retailers are actively using bags made of biological materials and biodegradable paper packaging.
Further, the report states that one of the major factors hindering the growth of this market is increase in overall cost of packaging. The relatively higher price of biodegradable paper materials compared with conventional packaging materials is a major challenge faced by the market. The lack of adequate technology and the lack of availability of feedstock are increasing the prices of biodegradable paper materials. Some of the biodegradable products are approximately 10 times costlier when compared with non-biodegradable materials. The rising prices of renewable raw materials used for manufacturing paper are hindering the market growth. The high price of biodegradable paper packaging materials will reduce the demand if consumers switch to cheaper non-renewable packaging materials.
- International Paper
- Smurfit Kappa
- Stora Enso
Other prominent vendors
- Hood Packaging
- Mayr-Melnhof Karton
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/dmp8b7/global
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-biodegradable-paper-packaging-materials-market-to-grow-at-a-cagr-of-105-by-2021—driven-by-increase-adoption-of-biodegradable-packaging-and-increasing-product-innovation—research-and-markets-300456745.html
SOURCE Research and Markets