Asia Pacific Biodegradable Paper & Plastic Packaging Market

Asia Pacific Biodegradable Plastics Market Size (2023-2028)

Asia Pacific Biodegradable Paper & Plastic Packaging market size was about USD 3.02 Billion in 2021. It is expected to rise at a CAGR of 13.87% to reach a market valuation of USD 6.32 Billion by 2028.

Ecological concern is an essential factor contributing to market development. The biodegradable materials effortlessly degrade, and subsequently, the odds of the earth getting contaminated are less. Significant packaging enterprises are expanding the utilization of biodegradable packaging, keeping in mind the end goal is to develop eco-friendly solutions as well as to retain consumer loyalty. Numerous makers have shifted their concentration from customary packaging strategies to biodegradable packaging. The food packaging and beverage packaging industry assume an indispensable part in driving the worldwide biodegradable paper and plastic market. Biodegradable plastics are utilized on an expansive scale in the materials, pharmaceuticals, and consumer merchandise industries.

Asia Pacific Biodegradable Plastics market segmentation:

The Asia-Pacific biodegradable paper and plastic packaging market is segmented on the basis of

Asia Pacific Biodegradable Plastics Market Application:

• Beverage packaging

• Personal and home care packaging

• Electronic appliance packaging

• Food packaging

• Pharmaceuticals packaging

• Others

Asia Pacific Biodegradable Plastics market Type:

• Materials - Paper

• Plastic.

Asia Pacific Biodegradable Plastics market geographical analysis:

In view of the region, the Asia Pacific Biodegradable Plastics market has been fragmented into regions of

• India

• China

• Australia

• South Korea

The market here is expanding at a stable rate because of the increasing population and with it the increasing demand for food and other amenities, thereby leading to a sharp increase in packaging material demands.

Asia Pacific Biodegradable Plastics market key players:

Some of the key market players in the biodegradable paper and plastic packaging market are

1. Ranpak Corp

2. Rocktenn

3. BASF

4. Mondi Group

5. Biopac UK Ltd

6. Reynolds Group Holding Limited

7. Novamont SPA

8. Amcor

9. Stora Enso

10. Kruger Inc

11. Rocktenn

12. Smurfit Kappa Group International Corp

13. Smurfit Kappa Group

14. Clearwater Paper Corporation

15. Berkley International Packaging.