The Latin America Biodegradable Paper & Plastic Packaging Market size was about USD 1.03 Billion in 2022. It is expected to rise at a CAGR of 10.60% to spread USD 1.79 Billion by 2028.
The ecological concern is an essential factor contributing to market development. The biodegradable materials effortlessly degrade, and subsequently, the odds of the earth getting contaminated are less. Significant packaging enterprises are expanding the utilization of biodegradable packaging, keeping in mind the end goal is to develop eco-friendly solutions as well as to retain consumer loyalty. Numerous makers have shifted their concentration from customary packaging strategies to biodegradable packaging. The food packaging and beverage packaging industry assume an indispensable part in driving the worldwide biodegradable paper and plastic market. Biodegradable plastics are utilized on an expansive scale in the materials, pharmaceuticals, and consumer merchandise industries.
Beverage packaging
Personal
Home care packaging
Electronic appliance packaging
Food packaging
Pharmaceuticals packaging
Others.
On the basis of the Type of Packaging
Two materials paper
Plastic.
Brazil
Argentina
Columbia
Chile
Mexico.
Brazil
Brazil is anticipated to be the biggest market in Latin America inferable from financial advancement and expanding cash flow among general buyers.
Some of the key market players in the biodegradable paper and plastic packaging market are
Ranpak Corp
Rocktenn
BASF
Mondi Group
Biopac UK Ltd
Reynolds Group Holding Limited
Novamont SPA
Amcor
Stora Enso, Kruger Inc
Rocktenn
Smurfit Kappa Group International Corp
Smurfit Kappa Group
Clearwater Paper Corporation
Berkley International Packaging.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1200
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region