The global biodegradable food packaging market size was estimated to be US$ 3.5 billion in 2020 and is expected to reach US$ 7.5 billion by 2031 at a CAGR of 7.2%. Biodegradable packaging has the ability to degrade totally by the assistance of microorganisms present in the climate.
Biodegradable food packaging materials ordinarily comprise paper, metal, glass, wood, bagasse, eco-accommodating plastic among a couple of others. Biodegradable food packaging helps in the decrease of carbon impression and is simple removal. It is simpler to reuse and requires less energy to produce. Because of these advantages, clients are additionally leisurely moving towards biodegradable food packaging.
Non-decomposable plastics are a worldwide issue. Governments all throughout the planet are handling this issue by prohibiting single-use plastics and advancing utilization of biodegradable plastics. Additionally, buyers will pay more for biodegradable plastics, resulting from their eco-accommodating nature. The previously mentioned factors, aggregately, are giving a significant lift to the market development. Plastics and other unsafe packaging materials wastage harm the marine climate and eliminates lives of sea-going creatures by one or the other ingestion or ensnarement with the wastage. Ecological concerns like a dangerous atmospheric deviation and contamination are constraining people to surrender non-biodegradable and dispensable packaging.
As per US Plastic Waste Reduction and Recycling Act, the public authority intends to diminish plastic waste, energize examination into and advances for reusing framework, and guarantee US administration in public and worldwide principles' improvement. With the demonstration directing further examination into microplastics, there is plausible that US-based packaging organizations might see stricter guidelines concerning plastic assembling later on.
September 2020 - Amcor PLC fostered the primary recyclable adaptable counter pocket. The specialized advancement will permit the reusing of elite packaging for buyer items like prepared suppers, pre-cooked soups, child foods, and wet pet food, further working on the natural impression of packaging up to 60%.
About portion of the packaging waste in the US comes from food and refreshment items. The organization referenced that the food enterprises like Nestle and Unilever produce most of plastic waste.
Asia-Pacific is assessed to represent the biggest share of the general high obstruction films market for food packaging in 2021, trailed by North America and Europe.
Global Biodegradable Food Packaging Market Value Share Analysis, by Geography (2022)
The report titled “Global Biodegradable Food Packaging Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Biodegradable Food Packaging Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Biodegradable Food Packaging market is segmented as type, application and region. Based on type, the Biodegradable Food Packaging market is segmented into Plastic, Paper, Aluminum, Steel, Others. Based on application, the Biodegradable Food Packaging market is segmented into Dairy & Beverages, Fruits, Vegetables, Meat & Related Products, Others. Based on geography, the Global Biodegradable Food Packaging Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Biodegradable Food Packaging Market. Further, market share of prominent companies in the Global Biodegradable Food Packaging Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Biodegradable Food Packaging companies. The Global Biodegradable Food Packaging Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Biodegradable Food Packaging business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Biodegradable Food Packaging Market.
The key players of the Global Biodegradable Food Packaging Market are BASF SE., International Paper Company, Mondi Plc., Be Green Packaging LLC., Stora Enso, BioPak Pty Ltd., Delta Packaging Ltd., SimBio USA, Inc., Nature Works LLC, and others.
Global Biodegradable Food Packaging Market Key Segments:
Based on type
Based on application
By Region
The global Biodegradable Food Packaging market was worth US$ 3.5 billion in 2020.
The global Biodegradable Food Packaging market is expected to register a CAGR of 7.2% between 2022 and 2032.
Key Biodegradable Food Packaging market players are BASF SE., International Paper Company, Mondi Plc., Be Green Packaging LLC., Stora Enso, BioPak Pty Ltd., Delta Packaging Ltd., SimBio USA, Inc., Nature Works LLC, and others.
The major applications of Biodegradable Food Packaging include Dairy & Beverages, Fruits, Vegetables, Meat & Related Product.
Biodegradable food packaging materials ordinarily comprise paper, metal, glass, wood, bagasse, eco-accommodating plastic among a couple of others.
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