- The key vendors in the Global Biodegradable Packaging Materials Market are BASF SE, International Paper Co., Mondi plc, Smurfit Kappa Group and Stora Enso Oyj.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Biodegradable Packaging Materials market 2014-2018. The Global Biodegradable Packaging Materials Market is expected to grow at a CAGR of 10.53 percent during 2013-2018.
The demand for biodegradable packaging materials is expected to surge because of the increase in consumer demand for biodegradable packaging. Growing consumer awareness and the adoption of biodegradable materials for packaging applications by retail outlets has a favorable influence on the Global Biodegradable Packaging Materials market.
One of the emerging trends in this market is the expansion and growth of the market through alliances, joint ventures, and acquisitions. Market players are expanding their geographical reach and product portfolios to gain a competitive position in the market through initiatives such as educating customers about increasing the adoption of biodegradable materials.
“An emerging trend in the market is the focused effort by the market players to produce cost-effective biodegradable packaging materials,” says Faisal Ghaus, Vice President of TechNavio Research.
“Vendors are investing in new technologies to develop cost-effective methods of production to overcome the challenges in the production stage.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
