[4/8/2019]: Global degradable materials market is anticipated to grow significantly in the forecast
period due to increase in demand from end users for sustainable packaging
materials. Degradable materials comprise biological or chemical waste,
including heavy metals. They are degraded either through natural degradation
process (takes hundred years) or broken down purposely. Some materials are
added with the chemicals that help the break down at a faster rate under
specific condition.
The
growth of degradable material market is influenced by government initiatives
for degradable packaging materials, rise in spending power of consumers, and
government initiatives for the promotion of degradable materials. Old plastics
do not degrade early, which results in landfilling. Hence, retailers are
increasingly encouraging consumers to purchase bio-based packaging materials.
Growing consumer awareness for the use of sustainable packaging materials is
impacting the market growth.
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Increase
in demand for degradable materials from various end use industries and
cost-effective biodegradable plastic packaging is trending in the market. This
can be attributed to the eco-friendly approach by the population and high
demand for sustainable solutions.
Degradable
materials market is categorized on the basis of packaging type, application, and
geography. On the basis of packaging type, market is divided into reusable
packaging, recycled content packaging, and degradable packaging. Reusable
packaging is further divided into plastic, paper, glass, metal, and others.
Recycles content packaging is further classified into plastic container, drum,
and others. Recycled content packaging accounts for the significant share of
the market owing to high demand from the food and beverages industry and rise
in number of restaurants, cafes, etc.
In
terms of application, degradable materials market is bifurcated into
electronics packaging, food packaging, personal care packaging, pharmaceutical
packaging, and others. Food packaging segment is expected to lead the market in
the coming years due to wide applications of green packaging in the food and
beverage industry. Pharmaceutical segment is also predicted to contribute
significantly since the packaging solutions are increasingly used as carrier
for all types of medical products. Additionally, growing investments in the
segment is also driving the market.
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Market Segment:
Leading players of degradable materials market including:
•
BASF
•
International Paper Company
•
Mondi
•
Smurfit Kappa
•
Stora Enso
•
Green Day
•
Jai Corp
•
Amkay Products
•
Bakeys Foods
Major Key Regions Including
•
North America
•
Europe
•
Asia-Pacific
•
South America
•
Middle East and Africa
Market split by Application, can be
divided into:
•
Food Packaging
•
Pharmaceutical Packaging
•
Electronics Packaging
Table of Contents
1
Report Overview
2
Product Type Market
3
Product Application Market
4
Manufacturers Profiles/Analysis
5
Market Performance for Manufacturers
6
Regions Market Performance for Manufacturers
7
World Market Performance Point
8
Development Trend for Regions and Countries (Sales Point)
9
Upstream Source, Technology and Cost
10
Channel Analysis
11
Consumer Analysis
12
Market Forecast
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