The Global Alternative Plastic Packaging Market Report 2022 by The Business Research Company – Market Size, Trends and Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, May 2, 2022 /EINPresswire.com/ — Technological advances are a key trend in the alternative plastic packaging market. Large companies operating in the market continuously focus on introducing innovative and sustainable packaging solutions for various industries to maintain their position in the competitive business environment and meet the demands of the end consumers. For example, in January 2021, Sealed Air Corporation launched a new version of bubble wrap packaging material that is made from at least 90% recycled content. The recycled content used to create branded bubble wrap packaging comes from post-industrial materials that would otherwise end up in landfills.
Growing environmental concerns related to the use of plastics are a key driver of growth in the alternative plastic packaging market. Plastic products contain deadly pollutants and cause harmful effects on humans, animals and the environment. Customers are interested in eco-friendly packaging options to find plastic packaging replacements. According to the World Economic Forum report released in October 2019, about 13 million tons of plastic waste enter our oceans every year, causing unimaginable damage to biodiversity, marine life and human health. Most plastics are not biodegradable due to the versatility of the material. According to the Plastic Alternative Packaging Market research, increasing inclination towards alternatives to plastics has attracted companies worldwide which contributes to the growth of the market.
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The global alternative plastic packaging market size is expected to grow from US$71.08 billion in 2021 to US$78.08 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. Alternative plastic packaging market share is expected to grow to US$96.91 billion by 2026, at a CAGR of 5.5%.
Major players in the global alternative plastic packaging industry include Amcor Limited, Tetra Pak, Sealed Air Corporation, Plastic Suppliers Inc., Kruger Inc., Mondi, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, Klabin SA, Rengo Co Ltd and Bemis company inc
TBRC Global Alternative Plastic Packaging market report is segmented by Type into Starch-Based Plastic, Cellulosic-Based Plastic, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA) and Others, by Process as Recyclable, Reusable, Biodegradable, by Application in Food & Beverage, Personal care, health care, others.
Alternative Plastic Packaging Global Market Report 2022 – By Type (Starch-Based Plastic, Cellulosic-Based Plastic, Polylactic Acid (PLA) Polyhydroxyalkanoates (PHA), Other Types), By Process (Recyclable, Reusable, Biodegradable), By Application (Food & Beverage, Human Resources Care, Health Care, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company providing an Alternative Plastic Packaging market overview, forecast of Alternative Plastic Packaging market size and growth The Total Market, Alternative Plastic Packaging Market Segments, Regions, Alternative Plastic Packaging Market Trends, Alternative Plastic Packaging Market Drivers, Restraints, Revenues of Leading Competitors, Profiles and Market Shares.
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