Global Environmentally Friendly Paper and Plastic Market Overview:
Environmentally friendly paper and plastic are frequently used in packaging due to their biodegradability. Customers are choosing biodegradable items over synthetic and non-biodegradable ones due to the growing emphasis on biodegradable and eco-friendly materials. One of the most significant users of paper and plastic is the packaging sector. After disposal, these typical packing materials take a very long time to disintegrate. They generate pollution, which is bad for the environment. Contrarily, bio-based or biodegradable materials are quick to decay and far less polluting than their conventional counterparts. Many projects are being implemented in a variety of nations to encourage sustainability by utilizing biodegradable materials. These factors will probably increase the demand for biodegradable paper and plastic markets globally.
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- Growth of Packaging Industries in Emerging Economies
- Growing Pharmaceutical Industry
- Growing Consumer Awareness Related to Eco-friendly Packaging
- Strengthening of Government Regulations Related to Packaging
- Phase Out Of Single-Use Plastics
- High Cost of Biodegradable Packaging Products
- Limited Investment in Biodegradable Plastic Production
- High Focus on Recyclable and Bio-Based Non-Biodegradable Plastic Production
- Production of Cost-Effective Biodegradable Packaging Products
- Production of Polylactic Acid (PLA) from Sugarcane and Corn
- Biodegradable Packaging Production for Healthcare Industry
- High Fluctuation in Raw Material Prices
- Limited Availability of Machines and Equipment for Production of Bio-Based Materials
Global Environmentally Friendly Paper and Plastic is a consolidated market due to the presence of few players. The players are focusing on investing more in R&D. Which will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are International Paper (United States), BASF SE (Germany), Mondi Group (United Kingdom), Stora Enso (Finland), Smurfit Kappa Group (Ireland), RockTenn (United States), Georgia Pacific (United States) and WestRock Company (United States). Considering Market by Material, the sub-segment i.e. Polylactic Acid (PLA) will boost the Environmentally Friendly Paper and Plastic market. Considering Market by End User, the sub-segment i.e. Healthcare will boost the Environmentally Friendly Paper and Plastic market.
Latest Market Insights:
In May 2021, Graphic Packaging acquired the remaining shares that International Paper held in the companiesí packaging merger, completing its takeover of Graphic Packaging International Partners.
In July 2022, the Punjab-based real estate company Motia Group has chosen to entirely stop using plastic at its workplace and switch to using paper bags and jute bags instead, as the government had banned single-use plastics from the 1st of July, 2022. As a part of its CSR initiative to promote environmental sustainability, Motia Group has come up with this noble campaign.
What Can be Explored with the Environmentally Friendly Paper and Plastic Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Environmentally Friendly Paper and Plastic Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Environmentally Friendly Paper and Plastic
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Environmentally Friendly Paper and Plastic market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Environmentally Friendly Paper and Plastic market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Environmentally Friendly Paper and Plastic Manufacturers, Suppliers, E-commerce/Retailers, Hypermarket/Supermarket, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.