Biodegradable Packaging Market in Food industry dominated business by 2024

An outlook on Biodegradable Packaging market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.

Biodegradable Packaging Market size is anticipated to witness dynamic growth due to rising environmental awareness among people and stringent governmental regulations that have shifted focus towards waste reduction and eco-friendly materials.

Earlier, it was not known to have any definite environmental importance. However, recently recyclable packing has developed into a popular segment as essential part of the packing industry. Rise in consumer awareness has led to the incredible growth of overall industry. Food and beverage packing industry is likely to play a vibrant role in driving biodegradable packaging market demand.

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Biodegradable packaging market represent a merger percentage of packing industry, which makes it as a small segment. Global biodegradable packing industry has moved towards more effective and efficient packing.

A plastic material called bio-plastic can be either bio based or decomposable in nature. Bio based means that the material is formed from biomass process, generally from the stems of crops including sugarcane and corn. Biodegradation refers to a chemical mechanism under which certain microorganism transforms into natural substances including water, CO2 and compost. These products are naturally fragmented into biological agents including bacteria and fungi into raw materials, which are generally rotten by microbes and other natural bio processes.

Product packing of primary and secondary segment is directly linked with their production and components as a vital part of the value-added mechanism of biodegradable packaging market while tertiary packing is associated with logistics. Primary packing is directly related to real product and hence, should show better retaining features as per the product necessities. Secondary packing includes films, boxes, bags and containers which products are packed along with its primary packing.

Some of the important industry players are Sweden, Germany, UK and Switzerland. Within North America, the US is anticipated to be the largest consumer of the product. In addition, presence of high income population is another driving force the biodegradable packaging market growth in the region.

Latin America is expected to show promising growth on accounts of a developed manufacturing process and technological advancements in the overall value chain. Brazil is likely to be largest biodegradable packaging market in the region owing to economic expansion and growing disposable income among general buyers.

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Key players identified in the industry include Novamont, BASF, Mondi Group, International Paper, Smurfit Kappa, Arkema, and RockTen. Some of the other prominent players in biodegradable packaging market are Be Green Packaging, Stora Enso, Biopak Pty, Cortec, Tetra Pak, Natureworks, Kruger, Georgia-Pacific, Clearwater Paper, Prolamina, Simbiousa, McNichols Co, EarthFirst Brand Films, Berkley International Packaging, RNS and Bemis Company.

Several mergers and acquisitions has been witnessed in biodegradable packaging market. In 2014, Italy based company, Novamont acquired another Italian packing company, JV Mater Biopolymer which helped the company to receive the world-famous packing facility of Patrica, Italy.

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Biopolymer Coatings Market Size By Product (Bio PU coatings [Architectural, Deckings, Floorings, Furniture, Automotive, Textile], Bio PA Coatings [Automotive, General Industrial, Exterior, Wire Goods, Construction, Electrical], Bio PBS Coatings [General Packaging, Food & Beverage Packaging], PLA Coatings [General Packaging, Food & Beverage Packaging], Starch Coatings [General Packaging, Food & Beverage Packaging, Pharmacy Bags], Cellulose Esters [Automotive, Food & Beverages, Furniture, Textiles], Nitrocellulose Coatings [Decking, Flooring, Furniture], Wax Coatings [Edible Coatings, General Packaging, Food & Beverage Packaging], Soy Protein Coatings [General Packaging, Food & Beverage Packaging], Corn Zein Protein [Pharmaceutical, Food & Beverage Packaging]), Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Japan, Brazil), Price Trend, Competitive Market Share & Forecast, 2016 – 2024

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