Biodegradable packaging is obtained from organic material that is used for packaging purposes, where it is easily decomposed with no harm to environment. The decomposition of biodegradable packaging material takes place with the help of microorganisms. The use of biodegradable packaging has become a new trend for green living with less waste. Increase in consumer demand, importance of awareness on eco-friendly materials are the major reasons for the rise in demand. Moreover, government officials of many countries have made mandatory usage of biodegradable material rather than conventional non-degradable material.
The report explains that global biodegradable packaging market which is segmented on the basis of types, application and geography. Based on types, global biodegradable packaging market is classified into paper and cardboard, corn starch, bubble wrap, biodegradable plastic and others. The global market is further segmented on the basis of different applications such food & beverage industry, pharmaceutical & biomedical industry, home care packaging, cosmetics industry and others. The report analyses the biodegradable packaging market in various applications and covers the market demand with respective regions.
This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is evaluated based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
Sample Companies Profiled in this Report are:
- Cortec Corporation,
- BASF SE,
- International Paper Co.,
- Mondi Plc,
The report also provides a market overview for the biodegradable packaging market. The study includes the demand of this particular market on a global and regional scale for a six year period of 2017-2022, both in terms of volume (kilo tons) and revenue ($ million).