Biodegradable Packaging Market Key Players, End User, Demand And Consumption By 2030

Press Release from Future Market Insights

Market research report execution for biodegradable packaging is becoming increasingly important for organisations to achieve success since it provides numerous benefits, including insights into revenue growth and environmental initiatives. The large-scale Biodegradable Packaging Industry research report provides a complete picture of the market, including product definition, market segmentation based on numerous characteristics, and the existing merchant landscape. This Biodegradable Packaging market report also includes company profiles, product specifications, production value, contact information for the manufacturer, and market share data. Furthermore, the Biodegradable Packaging Market research report combines a comprehensive market analysis with specific estimations and forecasts to provide comprehensive research solutions with the utmost clarity for strategic decision making.

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Smurfit’s Competitive Landscape for Biodegradable Packaging Biopac, Georgia-Pacific LLC, Kappa Group BASF SE International Paper Stora Enso Clearwater Paper Corporation LLC Rocktenn Natureworks S.P.A. Novamont

Product differentiation to grab customers’ attention will develop as a method to obtain a competitive edge in the market in the next years. Leading manufacturers are anticipated to look into new plastics possibilities in order to produce more flexible, biodegradable packaging. Manufacturers hope to get a larger market share by substituting biodegradable plastic for conventional plastic in order to provide more creative and adaptable materials into the biodegradable packaging market.

Customer satisfaction will be a primary focus for industry players, and delivering customised packaging solutions will continue to be a sure-fire approach to attract new customers. Manufacturers are likely to create creative designs of biodegradable packaging in the next years, not only to satisfy customers’ desire to reduce their carbon footprint, but also to meet application-specific needs.

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Food & Beverage Industry – An Important Consumer of Biodegradable Packaging

With the rise of the e-commerce industry, the adoption of packaging materials has gone up dramatically. However, the food & beverage industry has taken a lead, as a mounting number of companies in the industry are rethinking their packaging strategies. Food & beverage businesses resorting to sustainable alternatives to their traditional packaging materials including wrappers, boxes, bottles, and all the other packaging solutions.

While the move towards biodegradable packaging in the food & beverage industry is mainly driven by the need of the industry to maintain environmental standards of the business, businesses are also being mindful about satisfying their customers’ need to deal with entities with low environmental footprint. Consequently, leading players in the food & beverage industry are collaborating with the leading players in the biodegradable packaging market to capture lucrative deals, as an effort to limit the cost of their biodegradable packaging solutions.

COVID 19 to Impact the Use of Biodegradable Packaging Materials

Since the outbreak of the novel coronavirus has turned into a pandemic, the debates over how packaging plays a role in the spread of the virus have been on the rise worldwide. Though governing bodies such as the United States Food & Drug Administration (FDA) have disputed the fact that plastic and cardboard as a part of packaging can spread the novel coronavirus, the concerns of customers have had a significant impact on the adoption of biodegradable packaging materials as well.

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In addition, packaging industry experts have been weighing in on a debate over whether the industry has been putting its concerns over the use of plastic and non-biodegradable packaging on hold, because of the coronavirus pandemic. Some players in the industry are still mapping their business strategies to boost the use of biodegradable packaging, however, many other companies may have put a hold on their production as the world goes under a lockdown. This way, the COVID-19 pandemic may influence the upcoming trends in the global biodegradable packaging market in the coming years.

Biodegradable Packaging Market: Region-wise Analysis

Based on the geographical regions, the biodegradable packaging market is broadly divided into seven segments – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Developed regions such as North America and Europe are expected to remain the top revenue packets for stakeholders in the global biodegradable packaging market. North America accounts for a significant revenue share of the global market, mainly attributing to the increasing presence of leading market players and growing consumer awareness about the environmental impact of harmful packaging in the region.

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Manufacturers in the developed regions are expected to capitalize on increasing concerns among consumers about the carbon footprint of the packaging industry, and by offering flexible biodegradable packaging options to win in these regional markets. On the other hand, market players in the developing countries, especially in the Asia Pacific region, where industrial end users are preferring cheaper packaging options, are struggling to capture bigger leads. Furthermore, consumer awareness about the importance of using biodegradable packaging materials is not significant in the region, which further restricts growth of the market in developing economies.

Nevertheless, the future looks brighter for stakeholders in the biodegradable packaging market in developing regions, as the population of high-spending consumers is dramatically increasing in most of the Southeast Asian countries. Furthermore, governing bodies in the region are also implementing strict environmental laws on the packaging materials, which is further bolstering the adoption of biodegradable packaging in the Asia Pacific region.

Being highly fragmented in nature, the biodegradable packaging market is expected to witness a high tide of innovation and adoption of new technologies among the leading stakeholders.

Companies are aiming to gain a competitive edge by investing heavily in research & development to bolster the use of natural resources that are readily available and reduce the use of non-degradable packaging materials. Innovation in product development in order to meet the dynamic needs of end-use industries will emerge as a popular strategy across the competitive landscape of the biodegradable packaging market in the coming years

Region-wise Analysis  North America (U.S., Canada) Latin America (Mexico, Brazil) Europe (Germany, U.K., France, Italy, Spain, Poland, Russia) East Asia (China, Japan, South Korea) South Asia (India, Thailand, Malaysia, Vietnam, Indonesia) Oceania (Australia, New Zealand) Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Biodegradable Packaging Market: Segment Analysis

The biodegradable packaging market can be segmented on the basis of the following:

By Material

  • Plastic Paper

By Application

  • Food & Beverage
  • Pharmaceutical Personal Care / Home Care
  • Others

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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