Biodegradable packaging is primary packing on various products such as foods products, home products and pharmaceutical products. Biodegradable packaging is made up of different types of biodegradable polymers that extracted from Starch, cellulose, poly lactic acid and polycaprolactone. There are two main sources to manufacture biodegradable packaging material first is Plant and algae that is naturally extracted and second is manufacturing of bio-monomers and its future polymerization such as polymer lactic acid.Biodegradable packaging market is showing significant growth in last few years as Biodegradable and eco-friendly packaging material is widely used in retail and wholesale sector for packaging of goods. Innovation in biodegradable packaging and its wide adaptation of in different sector is a major factor in growth of global biodegradable packaging market.
COVID-19 Impact Analysis-
- During COVID-19, globally many industries were suffering from economic crises; spread of COVID-19 virus has led to great daunting effect on global biodegradable packagingmarket.
- To control spread of corona virus diseases, nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and looming of production cycle of biodegradable packaging material. Restraints were imposed by government on several retail stores that led to great hampering in demand of biodegradable packagingmarket.
- E-commerce has played vital role in uplifting supply chain of biodegradable packagingas it helps to cover wider range and cater demands of customer.
Top Impacting Factors-
- Manufactures, traders and consumer have become more concerned about environmental factors as environmental pollution is significantly rising, as plastic packaging are non-degradable and takes around 500 years to degrade. People have started adapting biodegradable and recyclable plastic or other material such as papers or cardboard for packing and labelling, biodegradable packaging is made up of natural substance such as Petroleum and corn based biodegradable, these packaging material are easy to recycle and decompose easily in environment. Rise in awareness among consumers about significance of biodegradable packaging to protect environmental and control environmental pollution is key factor in growth of global biodegradable packaging market.
- Biodegradable packaging is widely used in commercial sectors such as food and beverages packaging, pharmaceutical packaging and home care products packaging. Many key players such as Pepsi and Coca-Cola companies are using a recyclable PET plastic bottle that is easy recyclable and 100% compostable. Many other companies such as Real and Tropicana are using biodegradable packaging materials that is made up of paper and plastic composite material. Pharmaceutical companies are also using eco-friendly packaging material to pack different dosage of medicines as these eco-friendly packaging material is 100% safe and non-toxic in nature.Rising demand of food and beverages products is key driver in growth of global biodegradable packaging market.
- Many key players have introduced different types of biodegradable packaging material that is made up of different types of material such as biodegradable packaging made up of peanuts, mushroom, corn-starch and recycled cardboard papers. These biodegradable packaging materials are 100% safe and non-toxic in nature and take very less time to decompose that other normal plastic. They have also introduced eco-friendly and recyclable plastic as these plastic are majorly used by retail sectors to carry daily and heavy consumer goods. These eco-friendly plastic are strong and durable in nature rise in use of innovation of eco-friendly and biodegradable packaging is prominent factor in growth of global biodegradable packaging market.
Market Trends-
Rise in Dependency of Online Foods Services
- Online food delivery is latest and new trend in market, many people who live alone such as bachelors and students are using online food delivery service as they deliver food at consumers door step and consumers can choose food easily from menu using mobile application these helps to make people life easy and effortless. To deliver hot food to consumers, key players are adapting for many different types of biodegradable packaging such as cardboard containers and trays. These packaging are highly heat resistant and very easy to decompose. Biodegradable paper or cardboard containers helps to avoid spillage of food and serve steering hot food to consumer. Many hotels and restaurants are also printing their names on paper or cardboard containers for better branding and to increase brand visibility. Rise in dependency of online food service and increase in usage of biodegradable packaging for food delivery is key trend that is fuelling growth of global biodegradable packaging market.
Rise in Use of Biodegradable Plastic in Packaging of Logistic
- Biodegradable plastic and paper packaging is widely used in packaging of material and goods that aretransported from one place to other, as plastic allows logistics companies to transport material and goods over great distance and in any weather conditions. In wake of sustainable development, logisticcompanies are more inclined towardsthe use of biodegradable packaging material.
- Since they are very good cost effective alternate to synthetic polymer packaging material and are non-toxic for environment. Biodegradable plastic packaging helps to protect goods from water, dirt dust and other uncertain environmental conditions, thus helps to keep goods safe and secure. Biodegradable plastic is highly versatile because of it properties to be easily cast and transformed in to any shape. It is used to wrap other packed cardboard and other goods during the transit phase and keep it safe.Rise in use of biodegradable plastic in packaging of logistic is prime factor that is boosting growth of global biodegradable packaging market.
Key Benefits of Report-
- This study presents the analytical depiction of the biodegradable packaging Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of thebiodegradable packaging marketshare.
- The current market is quantitatively analysed to highlight biodegradable packaging market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed biodegradable packaging market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Report –
- Which are the leading players active in the biodegradable packaging market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is the biodegradable packaging market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the current trends and predicted trend
Biodegradable Packaging Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Price Point |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Ranpak Holding Corporation, Kruger Inc., Smurfit Kappa Group PLC, Amcor PLC, Tetra Pak International SA, International Paper Company., Greenpack Limited, Elevate Packaging Inc., Berkley International Packaging Limited, Biopak PTY LTD |
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