Packaging is a technology that involves enclosing and protecting various types of products for storage, distribution, sale and use. The increasing demand for healthy, safe, convenience food, and growing industry & consumer awareness towards eco-friendly products in the recent past in Asia Pacific, Europe and North America respectively, has been rapidly driving the global biodegradable packaging market. Biodegradable refers to the ability of materials to break down and return to nature within a short time after disposal. The biodegradable polymers used for packaging are starch, polylactic acid (PLA), cellulose, polyhydroxyalkanoates (PHA), and others. The extensive use of starch and PLA as a biodegradable packaging material for food & beverages, and pharmaceuticals end-use industry is projected to boost growth of the biodegradable packaging market during 2017-2025. This is due to the high strength, versatility and recyclability properties of starch and PLA polymers. Furthermore, paper biodegradable packaging comprises mainly Kraft, flexible, corrugated, and box board materials, and is expected to be the fastest growing product type during the forecast period.
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Europe dominated the global biodegradable packaging market in 2016 and the trend is expected to remain the same during 2017-2025. This is due to the various factors such as increasing environmental awareness among consumers, strict implementation of environment friendly laws and growing R&D activities in developing bioplastics by key manufactures. The European Union has passed a strict resolution to reduce overall consumption of thin plastic bags in the region by around 80% by 2019, which in turn is expected to create major growth opportunities for biodegradable plastics & paper manufacturers over the following years. However, the reduction in the usage of conventional plastic bags is expected to directly boost the consumption of biodegradable plastic bags in malls, retail outlets and loose packaging applications. North America is the second-most dominant region in the global biodegradable packaging market and the market in the region is expected to experience a CAGR of 23.0% in terms of volume, during the forecast period.
Global Biodegradable Packaging Market, By Product Type:
Global Biodegradable Packaging Market, By End-Use Industry:
Major players in the global Biodegradable Packaging market include BASF SE, Smurfit Kappa Group, Mondi Group, Rocktenn, Stora Enso, Clearwater Paper Corporation, Amcor, Novamont S.P.A., Rocktenn, Kruger Inc., Smurfit Kappa Group, Reynolds Group Holding Limited, and International Corp.
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