Eco-Friendly Innovations: A Comprehensive Guide to Compostable Packaging

Data Bridge Market Research analyses the global compostable packaging market, valued at USD 52.29 billion in 2023, will reach USD 84.60 billion by 2031, growing at a CAGR of 6.20% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Compostable products undergo biodegradation and disintegration into natural elements such as biomass, water, and carbon dioxide in a composting environment, leaving no harmful residues in the soil. Compostable plastic packaging, incorporating materials such as PBS, PBAT, PHA, PLA, and starch blends, mirrors conventional plastics in qualities such as shelf stability and durability but distinguishes itself by being fully compostable. These materials contribute nutrients to the soil upon complete breakdown.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Recent Developments
 In 2023, Biopac UK Ltd. launched an innovative range of compostable cling film and stretch wrap, providing a sustainable alternative to traditional plastic packaging. The materials offer effective food preservation while being environmentally friendly

In 2022, NatureWorks expanded its Ingeo biopolymer production capacity in Thailand to meet the increasing demand for compostable plastic packaging materials. The investment supports the development of sustainable packaging solutions, emphasizing the company's commitment to eco-friendly practices
In 2021, Novamont launched MATER-BI, a new line of compostable packaging films, enhancing their portfolio of biodegradable and compostable plastic packaging materials. These films are designed for various packaging applications, combining high performance with environmental benefits
In 2020, BASF collaborated with TIPA to develop a range of fully compostable packaging solutions, addressing the global demand for sustainable packaging options. The partnership aimed to promote the adoption of compostable plastic packaging materials across industries, contributing to eco-friendly practices

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