The Global Bio-Degradable Packaging market is estimated at $4.92 billion in 2015 and is projected to reach $10.97 billion by the end of 2020 at a CAGR of 17.40%. This market is mainly driven by the growing conscientious population and government regulations who have started focusing towards the reduction of wastage and usage of bio-degradable packaging materials.

 

However the lack of supply of bioplastics and the higher cost of materials are hindering the growth of this market. The two major segments of this market include the Bio-Degradable Plastic Packaging and Bio-Degradable Paper Packaging market. Bio-degradable Plastic Packaging accounts for more than 95% of the market. However, the Bio-Degradable Paper packaging market is showing traction and is expected to witness high growth over the forecast period. The Asia Pacific region dominates the Bio-Degradable Paper packaging market followed by North America and European regions. Food Packaging is a major segment accounting for more than 65% of the Bio-Degradable Plastic & Paper Packaging Market.

The Global Bio-Degradable Packaging Market is segmented on the basis of Type: Plastic (Starch, Cellulose, PLA, PHA, PHB), Paper (Kraft, Flexible, Corrugated, Box Board), Region (North America, Europe, Asia Pacific, Rest of World). The market is also segmented on the basis of applications such as Food, Beverage, Pharmaceutical, Personal/Homecare and others. This report also describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.

The report also considers key trends that will impact the industry and key profiles of leading suppliers of Global Bio-Degradable Packaging Market. Some of the top companies mentioned in the report are Tetra Pak, Amcor, Mondi Group, Imex Packaging, McNichols Co, Kruger Inc., Biopac, Smurfit Kappa Group, Berkley International Packaging, EarthFirst Brand Films, GreenBlue, Inernational Paper, Ranpak Corp., and Others.