The report, “Biodegradable Paper & Plastic Packaging Market by Applications (Food Packaging, Beverage Packaging, Pharmaceuticals Packaging, Personal & Home Care Packaging, and Others), by Packaging Type (Plastic and Paper) and by Geography (North America, Europe, Asia-Pacific, and ROW) – Global Trends & Forecast to 2019” ,defines and segments the global biodegradable packaging market with an analysis and forecast for biodegradable plastic and paper packaging by types, applications, and geography by value as well as volume.
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Europe and North America dominated the global pharmaceutical packaging market accounting for more than 65% of the overall market in 2013. Within the North America, the U.S. will remain the largest consumer. Country wise, the U.S. is the top most consumer of biodegradable packaging product globally, and is also the largest market growing at a CAGR lower than the global average till 2019. Member countries of EU, Sweden, Switzerland, U.K., and Germany are the key markets in European biodegradable packaging market and constitute majority of the market size. In terms of growth rate, biodegradable plastic packaging is expected to register a double digit CAGR from 2013 to 2019.
Biodegradable packaging is defined as a means of providing a 100% naturally degradable protection used primarily for presentation, identification, information, and convenience for products from the moment of production until it is used or administered. Biodegradable packaging differs significantly from conventional non degradable packaging. When deposited in a landfill, the biodegradable packaging degrades completely, relatively quickly, without any harmful emissions during the degradation process, and without the presence of any external catalysts.
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