Biodegradable Paper Packaging Materials Market to Record 10.56% CAGR to 2021, States Infiniti Research in Its Report Published at MarketPublishers.com19 May 2017 • by Natalie Aster
LONDON – Globally, the market for biodegradable paper packaging materials is forecast to see impressive growth at a 10.56% CAGR to 2021, driven largely by the surging demand for sustainable packaging options amid customers. Other driving forces encompass changing attitudes of consumers, rising consumer awareness, increasing preference towards the eco-friendly packaging alternatives, and the expanding demand for these packaging materials from retail shops, among others. Furthermore, the growing predisposition of different economies toward trade globalisation is poised to fuel the market development.
The Asia-Pacific grabbed the biggest share of the total market in 2016. The regional market is set to keep on taking the lead going forward, boosted by the increasing levels of disposable income, existence of a large volume of high-spending individuals, lifestyle changes, surging demand from the food and drinks industry, etc.
The biodegradable paper packaging materials marketplace is extremely fragmented, composed of a host of vendors, resulting in fierce competition among them. Since the barriers to market entry are comparatively low, the sector is seeing a strong inrush of new entrants, which, in its turn, is poised to boost competition in the industry.
BASF, Smurfit Kappa, Mondi, Stora Enso, and International Paper are the dominant players in the industry. Other outstanding vendors comprise Georgia-Pacific, Kruger, Holmen, Biopac, Hood Packaging, Mayr-Melnhof Karton, and WestRock.
New research report “Global Biodegradable Paper Packaging Materials Market 2017-2021” elaborated by Infiniti Research is dedicated to analysing the present landscape and the growth prospects of the market for 2017-2021.
It examines the market size and growth rates during 2017-2021; provides detailed market segmentation based on product type, end-use sector, and geography. It limelights key industry trends, major growth drivers and challenges alongside their impact on the marketplace. The report casts light on the competitive scenario and gives details about the prominent market players. The study examines the trending factors having a bearing on the market shares of the various regional markets in question; covers major outcomes of Porter’s five forces analysis of the market. Furthermore, the report offers detailed five-year forecasts of the world market for biodegradable paper packaging materials.
More cutting-edge reports by this publisher can be found in Infiniti Research catalogue at MarketPublishers.com.