Biodegradable Packaging Material Market Business Strategies And Opportunities With Key Players Analysis 2019-2025

In the past few years, manufacturers functioning in the packaging industry are focusing on adopting biodegradable packaging materials. The key reason for this changing trend is increasing awareness about preserving the environment and availability of recyclable choices. There is a wide range of materials that come under the category of biodegradable packaging that hold the characteristics of degradation and decomposition into natural material. Bio-based biodegradable materials are basically biopolymers, which is extracted from microorganisms and plants.

These are some of the popular biodegradable materials used for packaging: Chitosan, starch-based plastics, cellulose, polycaprolactone, and poly. These materials might contain a combination of pigments and synthetic materials to increase the functional characteristics of the final stage of packaging.

Ireland-based Smurfit Kappa Group’s Step Forward towards Sustainable Business

According to the latest report, Smurfit Kappa Group has recently made a progress on its target for climate change which is now reduced in fossil CO2 emission by nearly 30% in comparison with its base year of 2005. The company already launched its initiative called Better Planet Packaging Initiative in the last year. The whole idea of this initiative is to create sustainable packaging solutions with the help of innovation in designs and better recycling capabilities. Due to this initiative, a large number of consumers are now keen on buying commodities with paper-based packaging rather than any non-recyclable materials. By 2020, the company is committed to make progress in its five sustainable priorities such as people, forest, waste, climate, water and climate change.

Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7281

The other key players operating in the global biodegradable packaging material market are keen to adopt cutting edge technologies to fulfill the growing demand for affordable yet highly-efficient biodegradable packaging solutions. Additionally, few advanced technological solutions are helping manufacturers in enhancing the suitability of their solutions made for biodegradable packaging. Following are some of the top manufacturers functioning in the market:

Kruger Inc., Smurfit Kappa UK Ltd., Toray Industries, Inc., International Paper Company, Stora Enso Oyj, WestRock Company, Amcor Limited, Mondi Limited, Tetra Pak International S.A, and DS Smith PLC.

Reasons for the Growth of the Global Biodegradable Packaging Material Market

● Persistently growing demand for recyclable material in various end-use industries including pharmaceuticals, and home and personal care

● Rising adoption of biodegradable materials by leading manufacturers across the world accompanied by increasing focus of governments in various countries on adopting a low-carbon economy

● Increasing usage of biodegradable material in the food and beverages industry, in particular, to promote green living across the world

● Continuous development of cost-competitive biodegradable packaging material is expected to boost the market

● Rising environmental concern among consumers have shifted the focus towards eco-friendly packaging material and overall waste reduction

Market Segmentation

Material Type

● Paper & Paperboard

● Coated Unbleached Kraft Paperboard

● Bleached Paperboard

● Molded Fiber Pulp

● Recycled Paper

● Others

● Plastic

● Poly Lactic Acid (PLA)

● Polyhydroxybutyrate (PHB)

● Starch Based Plastics

● Fossil based polymer (PCL, PBAT, PBS etc.)

● Polyhydroxyalkanoates (PHA)

● Others

Application Type

● Trays

● Bags

● Boxes

● Clamshells

● Films

● Pouch

Get Complete Report in your Inbox within 24 hours: https://www.qyrconsulting.com/checkout/7281

Contact US
QYR Consulting
17890 Castleton, Suite 218,
Los Angeles, CA – 91748
USA: +1 626 428 8800
China: +86 1082 945 717
Japan: +81 9038 009 273
India: +91 9766 478 224
Emails – sales@qyrconsulting.com
Web – https://www.qyrconsulting.com

About Us:
QYR Consulting established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

This release was published on openPR.