Biodegradable Packaging Market Size, Industry Growth and Research Report 2019


Posted January 31, 2019 by gauri16

Biodegradable Paper & Plastic Packaging Market by Applications (Food Packaging, Beverage Packaging, Pharmaceuticals Packaging, Personal & Home Care Packaging, and Others)

 
Biodegradable Packaging Market begins with the material selection, and it drives the choice and type of packaging equipment and final package performance, which decides the success of packaging. The packaging material choice drives the packaging product's properties, appearance, and consumer attributes.

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This research report on biodegradable packaging market analyzes the latest trends, challenges, drivers, and growth prospects for the businesses in the industry.

The primary and secondary packaging of products is directly associated to their production and constitutes an integral part of the value-added process while tertiary packaging is related to the logistics. The primary packaging comes directly in contact with the actual product and hence, should show good retaining properties as per the product’s requirement. Secondary packaging includes boxes, films, bags, or containers in which the product along with its primary packaging are packed. Unlike primary packaging, secondary packaging is primarily used to improve the attractiveness, and convenience of carrying the product.

Europe and North America dominated the biodegradable packaging market in 2013 and accounted for over 65% of the market cumulatively. These developed regions dominate the market due to their mature markets which consist of environment conscious and high-spending population. The biodegradable plastic packaging market is expected to show a double-digit growth rate by 2019. This market is spurred by the large populations of North America, Europe, China, and India that are experiencing increased contract manufacturing activities, proactive switching from conventional non degradable packaging to biodegradable packaging materials, and increased government interest in promoting the use of these products by providing certain incentives for the use of the same in certain regions.

Food packaging controlled more than 70% of the global biodegradable plastic packaging market and more than 40% of the global biodegradable paper packaging market in 2013. Food packaging and beverage packaging markets will grow at a healthy CAGR till 2019, which is slightly below the overall industry growth.

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Advanced manufacturing processes, technological innovation and increased integration has resulted in rapid growth of the industry. This in turn has boosted the growth of the industry globally. This growth is expected to be the highest in the developed economies of Europe and North America, especially due to consumer awareness and hence volumes manufactured and consumed. Huge population and favorable demographics of these countries are key drivers behind this growth.

Consumers in the biodegradable packaging market are demanding for better features, cost effectiveness, and convenience in the products. Biodegradable plastic packaging is in great demand worldwide. Besides, increasing requirement for convenience among consumers, new packaging material development, increasing awareness of environmental issues, and the adoption of new regulatory requirements are going to be the key growth drivers for the future of the business.

The rapidly evolving biodegradable packaging industry and educated consumers have forced these products to undergo a paradigm shift in the past few years. The industry has kept itself armed with technological innovations to provide sustainable and affordable packaging solutions. The decision making power and choice of features have empowered the consumers, and it has kept the industry on its toes. These developments are proving crucial in the growth of the biodegradable packaging industry.

This report basically aims to estimate the global market for 2014 and to project the expected demand of the same by 2019. This market research study provides a detailed qualitative and quantitative analysis of the global biodegradable packaging market. We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources-experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the biodegradable packaging industry.
Competitive scenarios of top players in the biodegradable packaging market have been discussed in detail. We have also profiled the leading players of this industry with their recent developments and other strategic industry activities. These include International Paper (U.S.), BASF SE (Germany), Mondi Group (U.K), Stora Enso (Finland), Smurfit Kappa Group (Ireland), RockTenn (U.S.) and so on.

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Issued By gauri
Country India
Categories News , Reports , Research
Tags biodegradable packaging , biodegradable packaging industry , biodegradable packaging market , biodegradable packaging report , biodegradable packaging research , biodegradable packaging types
Last Updated January 31, 2019