North America Compostable Packaging Market – Industry Trends and forecast period of 2021 to 2030.
North America Compostable Packaging Market Compostable packaging market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 16.9% in the forecast period of 2020 to 2027 and expected to reach USD 2,127,632.14 thousand by 2027.
Growing consumption of food and beverages in the U.S. boosts the demand of compostable packaging in the bottles and cans. The U.S. is dominating due to growing preference towards eco-friendly products particularly I packaging of food and beverages items.
The market in Middle East & Africa region is growing due to the high investment in textile industry and also the raw material is very easily available in the market. An all-inclusive North America Compostable Packaging Market research report is structured by exactly understanding the customer requirements. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this market report will surely help to a degree. This business report also includes strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. The North America Compostable Packaging Market report consists of latest, comprehensive and most up-to-date market information and a precious data.
An important North America Compostable Packaging Market is very reliable as all the data and the information regarding the industry is collected via genuine sources such as websites, journals, annual reports of the companies, and magazines. The market report defines CAGR value fluctuation during the forecast period of 2021 - 2028 for the market. Besides this, it categorizes the breakdown of global data by manufacturers, region, type and application, and also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.
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North America Compostable Packaging Market Definition
Compostable products are those products which can biodegrade and disintegrate into natural elements such as biomass, water, and carbon dioxide in a composting environment and leaving no harmful element in the soil. The compostable plastic packaging material contains PBS, PBAT, PHA, PLA, starch blends. These compostable mimic conventional plastic's positive qualities, such as shelf stability, barrier properties, durability, etc., with one difference, i.e. these materials are fully compostable. Compostable material is providing nutrients to the earth when it has completely broken down. In order for packaging material and products to qualify as compostable, they must completely decompose and break down into natural elements within a short time after disposal.
North America Compostable Packaging Market Scope and Market Size
On the basis of product type, the market is segmented into bags, trays, cups, plates, films, lids, straws, cutlery, bowls, clamshells, pouches & sachets and others. In North America, bags segment is dominating in the market due to rising use of compostable bags in specially food and beverages industries due health concern.
On the basis of material, the market is segmented into plastic, paper & paperboard and others. In North America, plastic segment is dominating in the market because it is less expensive and provides better stability than other materials.
On the basis of packaging layer, the market is segmented into primary packaging, secondary packaging and tertiary packaging. In North America, primary packaging segment is dominating in the market due to rising use of primary packaging specially in food and beverages items for reduce risk of spoil.
On the basis of distribution channel, the market is segmented into B2B, supermarkets/hypermarkets, departmental stores, convenience stores, specialty stores, e-commerce and others. In North America, B2B segment is dominating in the market due to presence of number of food and beverages industries in the U.S and other countries.
Variable Rate Precision Farming Market - Regional Analysis & Insights
This Compostable Packaging Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Compostable Packaging Market Industry Country Level Analysis
Middle East & Africa market is analysed and market size information is provided by country, product type, material, packaging layer, distribution channel and end-user as referenced above.
The countries covered in Middle East & Africa compostable packaging market report are U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of North America.
Middle East & Africa compostable packaging market is growing due to high investment in the textile industry and also the raw material is very easily available in the market.
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North America Compostable Packaging Market Share Analysis and Some major players
The major players covered in the report are International Paper, Smurfit Kappa, Mondi, BASF SE, Be Green Packaging HQ, Futamura Group, Stora Enso, WestRock Company, Amcor plc, NatureWorks LLC, Paper Water Bottle and Genpak, LLC, among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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North America Compostable Packaging Market
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: North America Compostable Packaging Market
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