Global Biodegradable Food Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Biodegradable Food Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global biodegradable food packaging market report has been segmented on the basis of material, application, and region.
Global Biodegradable Food Packaging Market: Overview
Biodegradable food packaging is a packaging process which using bio-degradable materials such as Starch-Based Plastics, Cellulose-Based Plastics, and other for the purpose of food packaging. Increasing awareness regarding environmental concerns associated with use of non-decomposable materials is influencing adoption of biodegradable materials globally. Such packaging used in various end use industries including retail and food and beverages. The packaging of food aids to avoid contamination, preserve its nutrients and original taste, and retains its usability till it reaches to the end user or consumer.
Global Biodegradable Food Packaging Market: Dynamics
Global biodegradable food packaging market is primarily driven by increasing demand for eco-friendly packaging solution among various end use industries, especially among food and beverages. In addition, increasing consumption of the on-the-go food among working population is a factor expected to support revenue growth of the global market. Moreover, stringent regulations set by government authorities to control usage of non-recyclable materials for packaging is another factor anticipated to boost the target market growth over the forecast period.
However, volatile cost of raw materials and availability of cost effective and alternate solutions may hamper growth of the target market.
Global Biodegradable Food Packaging Market: Segmental Analysis
Among the material segments, the plastic segment is projected to account for significant revenue shares in global market, owing to its various properties and benefits including durability and lower in cost.
Among the application segments, the meat and related products segment is expected to register significant growth, owing to high consumption of meat and meat-based food products.
Global Biodegradable Food Packaging Market: Regional Analysis
Asia Pacific biodegradable food packaging market is projected to contribute significant revenue share in target market, owing to rapid growth of the food and beverages sector. In addition, increasing awareness regarding benefits associated with usage of recyclable materials for packaging is one of the key factor anticipated to augment growth of the target market. Moreover, strong manufacturing base of food and beverages companies and accessibility of raw materials and labors at minimal cost in the region are some other major factors fueling growth of the target market. Furthrmore, growing number of food retail chains and food outlets in emerging countries such as India and China is another factor projected to propel growth of the target market in this region.
North America biodegradable food packaging market contributes a substantial revenue share to the target market. This is attributed to growing consumption of pre-packaged food among youth population. In addition, growing base of working population coupled with high disposable income is a factor expected to support revenue growth of the target market in this region. Whereas, Markets in Europe, Middle East and Africa, and Latin America are expected to register moderate growth during the forecast period.
Global Biodegradable Food Packaging Market Segmentation:
Segmentation by Material:
Segmentation by Application:
- Dairy Products
- Meat & Related Products
- Fruits and Vegetables
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- Smurfit Kappa Group
- Mondi Group plc
- Stora Enso,
- Clearwater Paper Corporation
- Novamont S.P.A.
- Kruger Inc.
- Reynolds Group Holding Limited
- International Corp.
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