Latin America Biodegradable paper & Plastic packaging Market

Latin America Biodegradable Paper & Plastic Packaging Market (2023-2028):

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.

Market segmentation:

On the basis of the Application:

• Beverage packaging

• Personal

• Home care packaging

• Electronic appliance packaging

• Food packaging

• Pharmaceuticals packaging

• Others.

• On the basis of the Type of Packaging

On The Basis of Size:

• Two materials paper

• Plastic.

Latin America Biodegradable Paper & Plastic Packaging Market geographical analysis:

• 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.

Latin America Biodegradable Paper & Plastic Packaging Market key players:

Some of the key market players in the biodegradable paper and plastic packaging market are

1. Ranpak Corp

2. Rocktenn

3. BASF

4. Mondi Group

5. Biopac UK Ltd

6. Reynolds Group Holding Limited

7. Novamont SPA

8. Amcor

9. Stora Enso, Kruger Inc

10. Rocktenn

11. Smurfit Kappa Group International Corp

12. Smurfit Kappa Group

13. Clearwater Paper Corporation

14. Berkley International Packaging.