Published Date: 2019-06-19 | Pages: Ongoing | Tables: Ongoing | Report ID: 7281
In the past few years, manufacturers functioning in the packaging industry are focusing on adopting biodegradable packaging materials. The key reason for this changing trend is increasing awareness about preserving the environment and availability of recyclable choices. There is a wide range of materials that come under the category of biodegradable packaging that hold the characteristics of degradation and decomposition into natural material. Bio-based biodegradable materials are basically biopolymers, which is extracted from microorganisms and plants.
These are some of the popular biodegradable materials used for packaging: Chitosan, starch-based plastics, cellulose, polycaprolactone, and poly. These materials might contain a combination of pigments and synthetic materials to increase the functional characteristics of the final stage of packaging.
Ireland-based Smurfit Kappa Group’s Step Forward towards Sustainable Business
According to the latest report, Smurfit Kappa Group has recently made a progress on its target for climate change which is now reduced in fossil CO2 emission by nearly 30% in comparison with its base year of 2005. The company already launched its initiative called Better Planet Packaging Initiative in the last year. The whole idea of this initiative is to create sustainable packaging solutions with the help of innovation in designs and better recycling capabilities. Due to this initiative, a large number of consumers are now keen on buying commodities with paper-based packaging rather than any non-recyclable materials. By 2020, the company is committed to make progress in its five sustainable priorities such as people, forest, waste, climate, water and climate change.
The other key players operating in the global biodegradable packaging material market are keen to adopt cutting edge technologies to fulfill the growing demand for affordable yet highly-efficient biodegradable packaging solutions. Additionally, few advanced technological solutions are helping manufacturers in enhancing the suitability of their solutions made for biodegradable packaging. Following are some of the top manufacturers functioning in the market:
Kruger Inc., Smurfit Kappa UK Ltd., Toray Industries, Inc., International Paper Company, Stora Enso Oyj, WestRock Company, Amcor Limited, Mondi Limited, Tetra Pak International S.A, and DS Smith PLC.
Reasons for the Growth of the Global Biodegradable Packaging Material Market
● Persistently growing demand for recyclable material in various end-use industries including pharmaceuticals, and home and personal care
● Rising adoption of biodegradable materials by leading manufacturers across the world accompanied by increasing focus of governments in various countries on adopting a low-carbon economy
● Increasing usage of biodegradable material in the food and beverages industry, in particular, to promote green living across the world
● Continuous development of cost-competitive biodegradable packaging material is expected to boost the market
● Rising environmental concern among consumers have shifted the focus towards eco-friendly packaging material and overall waste reduction
● Paper & Paperboard
● Coated Unbleached Kraft Paperboard
● Bleached Paperboard
● Molded Fiber Pulp
● Recycled Paper
● Poly Lactic Acid (PLA)
● Polyhydroxybutyrate (PHB)
● Starch Based Plastics
● Fossil based polymer (PCL, PBAT, PBS etc.)
● Polyhydroxyalkanoates (PHA)
North America and Europe are the two regions that are likely to lead the market. North America is likely to be the key consumer of the biodegradable packaging material market. Ever increasing population is one of the prime reasons behind the growth of the market in the Asia-Pacific region. Governments’ support in promoting biodegradable products is the key factor in India and China, which is responsible for the remarkable growth of the market.
Research Methodology- Systematic Efforts to Provide Comprehensive Report
At QY Research, the team of analysts and domain experts makes sure to use an exclusive blend of secondary and primary research along with reiterations and validation at every stage, in an attempt to decrease deviation and offer the most precise analysis of the industry. The research process starts with examining the data in order to generate new information. For this data mining, the analysts have used authentic sources including companies’ websites, magazines, annual reports, and other paid publications. The key objectives of data examination are to define the scope of research, to set political and regulatory guidelines for the industry, to get statistical and demographic data and to provide in-depth information about market dynamics.
These objectives are well identified and analyzed with their current and predictable market impact, which is calculated and used to derive the growth expectations of the market. The market projection is built with the help of correlation and regression analytics.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Packaging is an indispensable part of every industry. It ensures protection of the product and even extends shelf life of the packaged items. Through the years, the packaging industry has undergone massive changes. From development of better, sturdier materials to changing outlooks toward designing environment-friendly materials, the packaging industry has witnessed some noteworthy changes.
The research reports on the packaging industry discuss the evolution of materials and the impact of changing consumer needs. Packaging solutions have constantly adopted newer technologies for providing consumers with safer perishables and keeping the products intact until delivered. Analysts have taken a granular view at the booming e-commerce sector and its influence on the packaging industry. We aim to provide the readers an in-depth and a comprehensive analysis of the packaging industry. Intricacies pertaining to food safety, environmental norms, and research and development of materials have been studied by analysts with a focused approach.
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