The Middle East and Africa Biodegradable Paper & Plastic Packaging Market size was about USD 0.70 Billion in 2023. It is expected to rise at a CAGR of 13.17% to reach a value of USD 1.47 Billion by 2029.
Market Overview:
The 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.
Market segmentation:
Market Regional Analysis:
In view of the region, the Middle East and Africa Biodegradable Plastics market have been fragmented into two major regions of the Middle East and Africa. The developing regions have an untapped potential yet to be explored by major companies and hence positive growth in this market is expected to take place with a lot of help coming from the local authorities stressing the environmental advantages of using biodegradable paper and plastic packaging.
Middle East And Africa Biodegradable Paper & Plastic Packaging Market Key Players:
Frequently Asked Questions
The Middle East and Africa Biodegradable Paper & Plastic Packaging Market is expected to grow with a CAGR of 13.17% between 2024-2029.
The Middle East and Africa Biodegradable Paper & Plastic Packaging Market size is expected to reach a revised size of US$ 1.47 billion by 2029.
Novamont SPA, Amcor, Stora Enso, Kruger Inc, and Rocktenn are the three Middle East and Africa Biodegradable Paper & Plastic Packaging Market Key Players.
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