Sustainable Plastic Market Expansion: Analysing Key Players' Investments and Growth Opportunities #44
Loading…
Reference in New Issue
No description provided.
Delete Branch "%!s(<nil>)"
Deleting a branch is permanent. Although the deleted branch may continue to exist for a short time before it actually gets removed, it CANNOT be undone in most cases. Continue?
The global sustainable plastic market size was USD 319.50 Billion in 2022 and is expected to register a revenue CAGR of 13.4% during the forecast period, according to the latest analysis by Emergen Research. Strict governmental laws and regulations aimed at curbing plastic contamination are major factors driving the sustainable plastic market revenue growth. China, in particular, has witnessed a growing concern over plastic pollution, prompting actions to address the issue. As evidence of this commitment, on March 23, 2023, the World Bank's Board of Executive Directors approved a substantial USD 250 million IBRD loan dedicated to mitigating plastic pollution stemming from municipal solid waste and agricultural plastic film in the rural areas of China's Shaanxi Province. At the UN Environment Assembly (UNEA-5) in Nairobi, UN Member States expressed their backing for a significant resolution that seeks to put an end to plastic pollution and establish an international legally binding agreement by 2024. In the U.S., there are no federal tax advantages specifically provided for utilization of sustainable plastics. However, certain states and cities have implemented tax incentives to promote adoption of sustainable plastics. For instance, in California, businesses can receive a tax credit equivalent to 10% of the cost of recycled plastic used in their products. Similarly, New York City offers a tax exemption to businesses employing compostable foodservice packaging, with the exemption equal to the sales tax that would typically apply to the sale of such compostable packaging.
The Global Sustainable Plastic Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market.
Available Sample Report in PDF Version@ https://www.emergenresearch.com/request-sample/2224
Competitive Terrain:
The global Sustainable Plastic industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Novamont S.p.A., Amcor plc, Crown, Bemis Manufacturing Company, BASF SE, WestRock Company, Berry Global Inc., Sonoco Products Company, Mondi, and Smurfit Kappa among others
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/sustainable-plastic-market
Additional information offered by the report:
Along with a complete overview of the global Sustainable Plastic market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Sustainable Plastic market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019-2032)
Biodegradable Plastic
Recycled Plastic
Bio-based Plastic
Function Outlook (Revenue, USD Billion; 2019-2032)
Active
Alternate Fiber
Molded Pulp
Others
Layer Outlook (Revenue, USD Billion; 2019-2032)
Primary
Secondary
Tertiary
Radical Highlights of the Sustainable Plastic Market Report:
Comprehensive overview of the Sustainable Plastic market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Sustainable Plastic market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/2224
Latest Published Reports by Emergen Research:
Wound Care Market
https://www.emergenresearch.com/jp/industry-report/創傷ケア-市場
Spinal Implants and Surgery Devices Market
https://www.emergenresearch.com/jp/industry-report/脊椎-インプラント-および-手術-デバイス-市場
Unmanned Aerial Vehicle Market
https://www.emergenresearch.com/jp/industry-report/無人-空中-車両-市場
Plant Based Protein Market
https://www.emergenresearch.com/jp/industry-report/植物ベース-タンパク質-市場
Road Safety Market
https://www.emergenresearch.com/jp/industry-report/交通安全-市場