Paper Packaging Market worth $345,389.31 Million by 2019
The report, "Biodegradable Paper & Plastic Packaging Market
by Applications (Food Packaging, Beverage Packaging, Pharmaceuticals
Packaging, Personal & Home Care Packaging, and Others), by Packaging
Type (Plastic and Paper) and by Geography (North America, Europe,
Asia-Pacific, and ROW) - Global Trends & Forecast to 2019"
,defines and segments the global biodegradable packaging market with an
analysis and forecast for biodegradable plastic and paper packaging by
types, applications, and geography by value as well as volume.
Western Europe and North America are the key markets for biodegradable packaging.
Europe and North America dominated the global
pharmaceutical packaging market accounting for more than 65% of the
overall market in 2013. Within the North America, the U.S. will remain
the largest consumer. Country wise, the U.S. is the top most consumer of
biodegradable packaging product globally, and is also the largest
market growing at a CAGR lower than the global average till 2019. Member
countries of EU, Sweden, Switzerland, U.K., and Germany are the key
markets in European biodegradable packaging market and constitute
majority of the market size. In terms of growth rate, biodegradable
plastic packaging is expected to register a double digit CAGR from 2013
to 2019.
Food packaging and beverage packaging are the
topmost packaging application segments by revenue wherein PLA and
starch-based plastics dominate the biodegradable plastic packaging
market and boxboard and corrugated board dominate the market for
biodegradable paper packaging.
While food packaging takes the topmost position in
the market with more than 70% share by value of biodegradable plastic
packaging and more than 40% share by value of biodegradable paper
packaging, maximum growth in the future is expected from the beverage
packaging application segment. Plastics and polymers are the largest
consumed raw material for the beverage packaging products and are being
fast replaced by their biodegradable substitutes such as PLA,
starch-based Plastics, PHA, and so on due to its ease in design,
excellent barriers properties, and cost-effectiveness. Biodegradable
paper packaging market, being a highly mature and predominant market,
shows higher market value share in the global biodegradable packaging
market than the biodegradable plastic packaging market does. The
biodegradable plastic packaging market on the other hand, being in its
introductory phase, shows tremendous potential for growth and is
expected to grow at a CAGR of double digits.
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