Compostable Plastic Packaging Material Market

Compostable Plastic Packaging Material Market

Category : Chemical & Industrial Material Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 243

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Compostable Plastic Packaging Material Market Overview

The report is titled as ‘Compostable Plastic Packaging Material Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Compostable Plastic Packaging Material market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The compostable plastic packaging material market is estimated to reach at a value of US$ 1.9 Bn by the end of 2022 and expected to reach at a value of US$ 2.8 Bn by 2030 with a significant CAGR of 5.3%.

Compostable Plastic Packaging Material Introduction

Compostable products can be understood as those products which can biodegrade and decompose into natural components such as water, biomass, and carbon dioxide in a composting atmosphere and withdrawing no toxic constituents in the soil. In the same manner, the compostable plastic packaging material also comprises PBAT, PBS, PLA, PHA, and starch blends. These compostable imitate conventional plastic's promising attributes, such as barrier features, shelf stability, durability, and many more., with one dissimilarity, i.e. these materials are completely compostable.

Compostable materials are offering nutrients to the soil when it has entirely broken down. In order to make the packaging products and material to be sanctioned as compostable, they are required to be decomposed entirely and break down into natural constituents within a brief period of time after disposition. These days, packaging design companies are seeking eco-friendly and green choices as there is an increased focus on sustainability and a greener environment. Owing to such factors, the compostable plastic packaging materials is witnessing higher demand across the global markets.

In addition to that, the stringent guidelines against the use of plastic by the governments and the regulatory bodies, worldwide, is further projected to thrust the market demand in the near future. Thus, the global compostable plastic packaging materials market is projected to witness significant growth over the coming years.

Compostable Plastic Packaging Material Market Segmentation

The global compostable plastic packaging material market is segmented on the basis of material, end user industry, application, and region.

By Material

PBAT

PBS

PLA

PHA

Starch Blends

Others

By Application

Bags

Pouches

Boxes

Bottles

Cups

Trays

Plates & Bowls

Others

By End-User Industry

Food Service

Food & Beverage

Cosmetics & Personal Care

Homecare

Healthcare

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Compostable Plastic Packaging Material Market Key Players

Some of the key participating players in global compostable plastic packaging material market are:

BASF SE

FKuR Kunststoff GmbH

Novamont S.p.A.

Grabio Greentech Corporation

Cardia Bioplastics

Kaneka Corporation

NatureWorks LLC

Danimer Scientific LLC

Northern Technologies International Corporation

S.K. Chemicals Co., Ltd.

Minima Technology Co. Ltd.

Biotec Pvt. Ltd.,

Green Dot Holdings LLC

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Current product compliance

Reimbursement

Concerns for use of Compostable Plastic Packaging Material

Advantages of Compostable Plastic Packaging Material

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.


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Frequently Asked Questions

The compostable plastic packaging material market is estimated to reach at a value of US$ 1.9 Bn by the end of 2022 and expected to reach at a value of US$ 2.8 Bn by 2030 with a significant CAGR of 5.3%.

The base year for the report is 2021 in compostable plastic packaging material market.

The global compostable plastic packaging material market is segmented on the basis of material, end user industry, application, and region.

BASF SE, FKuR Kunststoff GmbH, Novamont S.p.A., Grabio Greentech Corporation, Cardia Bioplastics, Kaneka Corporation, NatureWorks LLC, Danimer Scientific LLC. Northern Technologies International Corporation, S.K. Chemicals Co., Ltd., Minima Technology Co. Ltd., Biotec Pvt. Ltd., and Green Dot Holdings LLC,


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