Biodegradable Packaging Materials Market Overview
The growing interest in biodegradable packaging materials around the world is related to the increasing popularity of environmentally friendly recyclable alternatives. In the packaging industry, the adoption of biodegradable packaging by manufacturers has accelerated in recent years. The wide range of materials found in biodegradable packaging is characterized by decomposition or degradation in natural materials in which microorganisms act relatively quickly when placed in natural environments. These are biodegradable polymers that can be of biological or fossil origin and, in most cases, can be harvested in the wild using ecological manufacturing processes.
Biologically degradable are biopolymers of plants and microorganisms. Some of the popular items used for packaging are plastics based on starch, cellulose, poly (lactic acid) (PLA), polycaprolactone (PCL), polyhydroxybutyrate (PHB) and chitosan. They may contain mixtures of synthetic materials containing additives and pigments used to improve the functional attributes of the final package. Some of the most common biodegradable packaging paper materials are corrugated cardboard, cardboard and soft paper.
Biodegradable Packaging Materials Market Drivers and Restraints:
The use of biodegradable materials in the packaging industry is reinforced by the increasing demand for recyclable products in end-use industries, such as home and personal care, food and beverages, and pharmaceuticals. This is based, in particular, on the consumer’s awareness of its benefits. In particular, in the food packaging sector, biodegradable packaging materials have been widely used to promote ecological lifestyles in different parts of the world, mainly through the reduction of waste. Several regional and global regulations to reduce the ecological risks associated with landfill overflows have given a significant boost to the adoption of biodegradable packaging materials. In addition, the sustained and substantial tendency to adopt sustainability in modern life has led to a great demand for these packaging materials in recent decades.
In several parts of the world, the adoption of biodegradable materials by manufacturers has accelerated as a result of efforts to replace petroleum products with biodegradable corn-based products. This was also motivated by the intensification of the efforts of many governments to adopt a low carbon economy. The development of competitive and biodegradable packaging materials has gained ground in the packaging industry worldwide. The advent of packaging products made from biodegradable materials containing a variety of blends has led to product innovations, opening up promising avenues in the global marketplace.
North America and Europe are anticipated to be potentially lucrative regional markets, with the growth driven by large technological advancements in manufacturing processes. Asia Pacific is expected to be a promising region, with burgeoning demand attributed to the rising adoption of recyclable materials in the food and beverages packaging sector.
Key Players In Biodegradable Packaging Materials Market
The key players profiled in the report include Biopac, NatureWorks LLC, BASF SE, Kruger Inc., Mondi Group, and Clearwater Paper Corporation.
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