Biodegradable Packaging

Biodegradable Packaging Material Market to Experience Significant Growth during the Forecast Period 2018 - 2028

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Biodegradable packaging material market witnessed moderate growth during 2013 to 2027, and the status quo is envisaged to prevail over the period of forecast 2018 to 2028, according to a new Fact.MR report. Volume sales of biodegradable packaging are foreseen to record a 4.2% CAGR through 2028, which is anticipated to equal a market value in excess of US$ 703 billion. The report finds that tier 3 players will collectively continue to account for over three-fifth share of the biodegradable packaging material market.

According to the report, paper & paperboard biodegradable packaging will retain over 95% of the total market revenue by 2028. Increasing bans against plastic packaging materials is opening an attractive window of opportunities for paper packaging companies, enticing them into entering the biodegradable packaging material market.

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