Biodegradable Packaging market is Expected To Reach USD 118.85 billion By 2026 | BASF SE, Smurfit Kappa Group, Mondi Group

Packaging is a technology that involves enclosing and protecting various types of products for storage, distribution, sale and use. The increasing demand for healthy, safe, convenience food, and growing industry & consumer awareness towards eco-friendly products in the recent past in Asia Pacific, Europe and North America respectively, has been rapidly driving the global biodegradable packaging market. Biodegradable refers to the ability of materials to break down and return to nature within a short time after disposal. The biodegradable polymers used for packaging are starch, polylactic acid (PLA), cellulose, polyhydroxyalkanoates (PHA), and others. The extensive use of starch and PLA as a biodegradable packaging material for food & beverages, and pharmaceuticals end-use industry is projected to boost growth of the biodegradable packaging market during 2017-2025.

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Detailed Segmentation:

Global Biodegradable Packaging Market, By Product Type:

Plastic
Starch
Cellulose
PLA
PHA
Others

Paper
Kraft
Flexible
Corrugated
Box Board

Global Biodegradable Packaging Market, By End-Use Industry:
Food
Beverage
Pharmaceutical
Personal/Homecare
Others

There are lot of environmental problems on the use of conventional packaging materials. The use of conventional packaging materials contributes towards global warming, air pollution, water pollution, and are also responsible for various health issues when used for food and beverage packaging. Owing to this, the regions such as North America, Europe are banning the use of conventional plastics for their use in food, beverages, and medical packaging. There are lot of government regulations being legislated in the various countries of Europe to ban use of conventional plastic materials.

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Europe dominated the global biodegradable packaging market in 2016 and the trend is expected to remain the same during 2017-2025. This is due to the various factors such as increasing environmental awareness among consumers, strict implementation of environment friendly laws and growing R&D activities in developing bioplastics by key manufactures. The European Union has passed a strict resolution to reduce overall consumption of thin plastic bags in the region by around 80% by 2019, which in turn is expected to create major growth opportunities for biodegradable plastics & paper manufacturers over the following years.

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