Food packaging has always been a challenging task since decades and petroleum-based products have been the first choice of manufacturers since they’re very flexible and leak-proof. However, all these petroleum-based products are harmful to the environment and take years to degrade.
They not only increase the wastage but also release greenhouse gases when burned or chemically processed. Hence, manufacturers are slowly shifting towards a more eco-friendly and biodegradable packaging material for food packaging.
Biodegradable packaging has the capability to degrade completely by the help of microorganisms present in the environment. Biodegradable food packaging materials usually consist of paper, metal, glass, wood, bagasse, eco-friendly plastic among a few others.
Biodegradable food packaging helps in the reduction of carbon footprint and is easy disposal. It is easier to recycle and requires less energy to manufacture. Due to these benefits, customers are also slowly shifting towards biodegradable food packaging.
Biodegradable Food Packaging Market- Dynamics
Due to the busy lifestyle of people, food take-away and food ordering has become a common practice worldwide which has led to an increase in demand for the biodegradable food packaging market. Food on-the-go is another trend which is boosting sales of the biodegradable food packaging market.
Due to the outbreak of covid-19 worldwide, customers are demanding more hygienic and clean packaging which they can re-use and recycle easily, which is helping biodegradable food packaging to grow in the market.
Environmental concerns like global warming and pollution are forcing individuals to give up non-biodegradable and disposable packaging. Plastics and other harmful packaging materials wastage damage the marine environment and exterminates lives of aquatic animals by either ingestion or entanglement with the wastage.
BPA and Benzene found in many packaging materials also harms human health, causing issues like respiratory diseases, blood pressure and even cancer in some cases. Nowadays, consumers are aware of all the ill-effects of packaging and are choosing biodegradable packaging materials over other non-sustainable packaging materials.
Increasing population and changing consumer preferences are expected to upsurge the biodegradable food packaging market further. Research and innovations in biodegradable food packaging sector have caused entrance of new packaging materials like cellulose, bamboo, corn starch and seaweed. Further study in this sector is set to enhance the demand for biodegradable food packaging in the market.
Biodegradable Food Packaging Market- Regional Outlook
The biodegradable food packaging market has been analyzed based on sales growth and value across different regions that include Asia Pacific, Latin, and North America, Oceania, Europe, and the Middle East and Africa. North America and Europe will dominate the biodegradable food packaging market due to the presence of environmentally aware and high spending population in the areas.
However, due to the presence of matured markets, growth of biodegradable food packaging in these areas is normal. Europe and the Asia Pacific hold high potential for growth in the biodegradable food packaging market. However, the Middle East and African markets are expected to observe low growth compared to other regions.
Biodegradable Food Packaging Market- Key Players
The biodegradable food packaging market is a highly competitive market with the presence of many significant players. Few of the key players in the biodegradable food packaging market are listed below:
- Amcor plc
- Mondi Group
- Smurfit Kappa
- Sonoco Products Company
- Sealed Air Corporation Elopak
- Winpak Ltd.
- Berry Global
- Swedbrand Groups
- Ball Corporation
- Tetra Pak
- Crown Holdings Inc.
- Huhtamaki Oyj
- Evergreen packaging
The biodegradable food packaging market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
The report on biodegradable food packaging market provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies of the Biodegradable food packaging market.
The Regional analysis includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
- A detailed overview of the biodegradable food packaging market
- Changing market dynamics in the food packaging industry
- In-depth segmentation of the biodegradable food packaging market
- Historical, current, and projected size of the market, regarding volume and value
- Recent industry trends and developments
- Competitive landscape in the market
- Strategies for key players operating in the market and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on the performance of the biodegradable food packaging market
- Must-have information for market players to sustain and enhance their market footprint.
Biodegradable Food Packaging Market- Segmentation
Biodegradable Food Packaging Market is classified into material, application and technique.
- Paper & paperboard
- Other materials (bamboo, cellulose)
- Fruits and vegetables
- Dairy products
- Bakery and confectionery
- Meat, fish, and poultry
- Active packaging
- Molded packaging
- Alternate fiber packaging
- Multipurpose packaging
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.