Smart Plant-based Food Packaging Market: Inclination of Consumers towards Eco-friendly Products to Lift Consumption

Rising focus on environment-friendly packaging is a triggering aspect for the global smart plant-based food packaging market, states Transparency Market Research (TMR) in a research report. The report is titled, “Smart Plant-Based Food Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.”

Food packaging is crucial for containing, preserving, and protecting food products from contaminants and also to decrease food spoilage, eliminate the chances of adulteration, and to aesthetically make the food attractive along with maintaining its hygiene. Conferring to the Agriculture and Food Organization, around one third of the total amount of food across the globe goes in waste and most of it is mainly generated by consumers and retailers who follow the dates of the label of the packaged food and thus throw away palatable food. Henceforth, an initiative was taken to devise food packaging made from plant-based bioplastic which also improves the food product’s shelf life. Researches have further formulated different types of sensors that will notify the user and retailer that the food inside the package is consumable or not.

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These types of smart plant-based food packaging help in extending the life cycle of the food product along with eliminating the need for plastics that can adversely impact the environment. Based on product type, the report segments the global smart plant-based food packaging market into pot designed and blow molded. Based on material type, the market is bifurcated into blow molded film and based film.

The most important priority of consumers nowadays is the safety of the food products they consume. Growing awareness among consumers regarding the use of environmentally safe products and a gradual shift the buying preferences of consumers is expected to trigger a high demand for smart plant-based food packaging. These types of biodegradable polymers are produced by cultivating carbohydrates through bacteria, whereas bio polymers which are plant based are derived from the residues of plants. This enhances the properties of food preservation in plant based food packaging. It is basically designed to elongate the shelf life and protect the food from contaminants.

Players can gain extensive opportunities arising from developing regions with the consumption of food and beverages at a substantial height. Regionally, North America leads the market closely trailed by Asia Pacific and Europe in the same order. But with the market reaching the peak, the rate of growth is rather slow in these regions. Leading companies such as SINTEF, Coca-Cola, and Heinz are adopting smart plant-based food packaging for bottling and labelling purposes.

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This release was published on openPR.