Compostable Packaging Market grows at a CAGR of 6.20% in the forecast period 2022-2029.
Impact of COVID-19 on the market
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019 and has since spread rapidly around the world. China, Italy, Iran, Spain, the Republic of Korea, France, Germany and the United States are among the most affected countries in terms of reported positive cases and deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to blockages, travel bans and business closures. The global food and beverage industry is a major industry facing severe disruptions such as supply chain disruptions, technology event cancellations, and office closures due to this epidemic. China is the global manufacturing hub, with the presence and largest suppliers of raw materials. The general market collapse due to COVID-19 is also affecting the growth of the bacon market due to the closure of factories, the obstacle in the supply chain and the slowing of the world economy.
Key Players Compostable Packaging Market
Ø TIPA Compostable Packaging
Ø ULTRA GREEN SUSTAINABLE PACKAGING
Ø International Paper
Ø Smurfit Kappa
Ø Mondi, BASF SE
Ø Futamura Group
Compostable Packaging Market Scope and Market Size
Ø On the basis of product type, the market is segmented into bags, trays, cups, plates, films, lids, straws, cutlery, bowls, clamshells, pouches and sachets and others.
Ø On the basis of material, the market is segmented into plastic, paper and paperboard and others.
Ø On the basis of packaging layer, the market is segmented into primary packaging, secondary packaging and tertiary packaging.
Ø On the basis of distribution channel, the market is segmented into B2B, supermarkets/hypermarkets, departmental stores, convenience stores, specialty stores, e-commerce and others.
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Market Analysis & Insights: Compostable Packaging Market
Ø With increasing consumer demand for compostable materials, companies are developing eco-friendly packaging to satisfy their consumers and focus on improving the world. APP Sonar Mas as one of the leading company of pulp and paper which has brought an advanced eco-friendly solution in the food and beverage packaging market. Ropak Bio Natura is also designed eco-friendly paperboard that takes inspiration from nature. It is appropriate for food packaging and single-use cup. Compostable packaging represents a sustainable, eco-friendly process of packaging.
Ø Data Bridge Market Research analyses that the compostable packaging market was valued at USD 46360.00 million in 2021 and is expected to reach USD 75013.52 million by 2029, registering a CAGR of 6.20 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Compostable Packaging Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Compostable packaging market.
Compostable Packaging Market Country Level Analysis
The countries covered in the compression therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
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Asia-Pacific Compostable Packaging Market – Industry Trends and Forecast to 2027
Europe Compostable Packaging Market – Industry Trends and Forecast to 2027
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Get TOC details from here: https://www.databridgemarketresearch.com/toc/?dbmr=global-compostable-packaging-market
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