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International Paper Co IP

International Paper Company is a global producer of sustainable packaging, pulp, and other fiber-based products, and a recycler. The Company operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment is focused on creating fiber-based packaging that protects and promotes goods, enables worldwide commerce, and helps keep consumers safe. The segment offers products, including linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft. The Global Cellulose Fibers segment creates pulp for a wide range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products that promote health and wellness. In addition, its specialty pulps serve as a sustainable raw material used in textiles, construction materials, paints, coatings and more. It serves customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe.


NYSE:IP - Post by User

Post by ivosmithon Dec 15, 2023 1:18am
99 Views
Post# 35786062

Biodegradable Packaging Market Outlook 2024-2032

Biodegradable Packaging Market Outlook 2024-2032

According to the latest research report, the global biodegradable packaging market size reached US$ 101.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 166.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.45% during 2024-2032.

The ongoing escalation of demands from retailers for environmentally friendly packaging is a crucial driving factor that cannot be overlooked. Retailers wield significant influence over consumer choices and, in many ways, act as the gatekeepers of product placement and visibility. Sustainability has become an integral part of the evaluation metrics for retail businesses, frequently becoming a factor as critical as price and quality.

Consequently, manufacturers find themselves in a position where the adoption of biodegradable packaging is not merely an option but a necessity for market survival. Retailers, in turn, are continually responding to both consumer expectations and regulatory pressures, ensuring that their supply chains remain environmentally responsible. Those who meet these evolving standards continually stand to benefit from better shelf positioning, promotional support, and, in some cases, even financial incentives. The ongoing symbiosis between retailers and manufacturers thus continuously propels the demand for biodegradable packaging solutions.

Explore full report with Table of Contents: https://www.imarcgroup.com/biodegradable-packaging-market

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