Biodegradable Packaging Market Overview, Industry Trends & Business Opportunities by 2024
Date: 2019-01-18   Author: Rahul Sankrityayan  Category: #market

Biodegradable Packaging Market Overview, Industry Trends & Business Opportunities by 2024

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. The product differs from the conventional non-decomposable packing as it is usually land filled. It degrades easily and quickly without the help of any external catalyst.

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. It provides natural protection when used in packing and presentation applications for various products from production to consumption.

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It begins with selection of packing material and it drives choice of packing equipment to be used and final package performance, which decides wrapping success. The material type drives the product’s features, look and consumer traits.

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. It includes those products that comprises of waste food, fabrics, paper and wood.

A bio-plastic or polylactic acids is generally derived from a plant feedstock and is not exactly decomposable in environment. It is a recyclable material made from natural gas or oil feedstock like PET.

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. It is usually used to improve the appealing and handling convenience features of the product.

Europe and North America are projected to dominate the global biodegradable packaging market due to the presence of health and environmental conscious consumers. 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.

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Biodegradable packaging market is highly competitive owing to the presence of various players in small and large business segments. 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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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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