The Compostable Plastic Packaging Material market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
The compostable plastic materials are designed to degrade in certain conditions only. The commercial compost facilities provide required conditions for composting of materials. Thus, for the application of compostable plastic resins, the availability of compost facilities is prime requirement.
In terms of growth rate, both healthcare and food service industries are expected to witness increasing demand with an anticipated CAGR of 6.4% during the forecast period of 2017-2025.
In the global Compostable Plastic Packaging Material market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
The key players covered in this study
S.K.
BASF
Kaneka
Northern
Blonde
FKuR Kunststoff
NatureWorks
Gio-Soltech
Xinjiang Blueridge Tunhe
Danimer
Green Dot
Market Segment by Product Type
PBAT
PBS
PLA
PHA
Starch Blends
Others
Market Segment by Application
Food service
Food & Beverage
Cosmetics & Personal Care
Homecare
Healthcare
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Compostable Plastic Packaging Material market for the forecast period 2020 - 2025?
• What are the driving forces in the Compostable Plastic Packaging Material market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Compostable Plastic Packaging Material industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?