Global Biodegradable Paper & Plastic Market: Overview
Biodegradable paper and plastics are widely being adopted in the packaging industry due to their biodegradability, which makes them eco-friendly. Due to increasing focus on biodegradable and eco-friendly materials, customers are shifting their preference toward biodegradable products from synthetic and non-biodegradable ones. The packaging industry is one of the major consumers of plastics and paper. These conventional packaging materials, on disposal, take a long time to degrade. They are harmful to the environment, as they cause pollution. Biobased or biodegradable materials, on the other hand, are easy to degrade and are much less polluting compared to their conventional counterparts. A number of initiatives are being taken in several countries to promote sustainability by using biodegradable materials. This is likely to drive the biodegradable paper & plastic market in the next few years.
Global Biodegradable Paper & Plastic Market: Key Segments
The biodegradable paper & plastic market can be segmented based on type, application, and end-use industry. In terms of type, the biodegradable paper & plastic market can be classified into polylactic acid (PLA), starch, polyhydroxyalkanoate (PHA), polycaprolactone (PCL), polybutylene succinate (PBS), and others. Polylactic acid and polyhydroxyalkanoate are the most widely used types of biodegradable paper and plastic. Based on application, the biodegradable paper & plastic market can be divided into corrugated board, box board, flexible paper, and others. In terms of end-use industry, the biodegradable paper & plastic market can be segregated into personal & home care packaging, food packaging, beverage packaging, pharmaceuticals packaging, and others. Food packaging is estimated to be the leading end-use industry segment of the biodegradable paper & plastic market in the next few years.
Global Biodegradable Paper & Plastic Market: Regional Outlook
Geographically, the global biodegradable paper & plastic market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the leading biodegradable paper & plastic market across the world. The region is expected to be the rapidly expanding biodegradable paper & plastic market during the forecast period, due to growth of end-user industries in the region, such as automotive, which utilize biodegradable paper and plastics. The packaging industry in India, China, and South Korea is estimated to witness rapid growth in the near future. This would promote the growth of biodegradable paper & plastic market in the region. North America is the second-largest consumer of biodegradable paper and plastics market across the world. Europe is also a significant consumer of biodegradable paper and plastics. Latin America and Middle East & Africa are likely to offer lucrative opportunities to the biodegradable paper & plastic market during the forecast period.
Global Biodegradable Paper & Plastic Market: Key Players
Some of the key players operating in the global biodegradable paper & plastic market are International Paper (the U.S.), BASF SE (Germany), Mondi Group (the U.K.), Stora Enso (Finland), Smurfit Kappa Group (Ireland), RockTenn (the U.S.), Georgia Pacific (the U.S.), and WestRock Company (the U.S.).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.