Biodegradable packaging is produced from organic material that is used for packaging purposes, where it is easily decomposed with no harm or side effects to the 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. There is high scope for the Biodegradable Packaging Market during 2015-2020.
Scope and Regional Forecast of the Biodegradable Packaging Market:
North America is one of the leading regions in the Biodegradable Packaging Market due to the encouragement for using compostable packaging in various end user industries. The environmentally friendly packaging is highly preferred in the European countries and high scope for use of green packaging expected during 2015-2020.
Asia Pacific is the largest region with huge scope of applications in the Biodegradable Packaging Market. The huge population, consumer demand for sustainable packaging materials, environmental concerns and emerging economies are the driving factors of this market in this region through 2020.
According to the IndustryARC research analysis studies on the Biodegradable Packaging Market, Increase in consumer demand and awareness about importance of eco-friendly materials are the major reasons for the rise in demand. Apart from the above factors, government officials of many countries have made mandatory usage of biodegradable material rather than conventional non-degradable material.
Segmentation and Key Players of the Biodegradable Packaging Market:
The Biodegradable Packaging Market is segmented into various categories in the IndustryARC marketing research report by type, by application and by geography.
By type: Paper and Cardboard, Corn Starch, Bubble Wrap, Biodegradable Plastic, Biodegradable Polymers and others
By application: Food & Beverage Industry (Food Trays, Barrier Coatings), Pharmaceutical & Biomedical Industry, Home Care Packaging, Cosmetics Industry and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Biodegradable Packaging Market according to the IndustryARC research report are as follows:
- BASF SE
- Amcor Limited
- Be Green Packaging LLC
- Cortec Corporation
- Mondi Plc.
The Biodegradable Packaging Market is a rapidly growing market due to the fact that is encourages the use of eco-friendly packaging materials that are biodegradable products in nature. This market is expected to witness high growth owing to the public awareness about biodegradable packaging materials, initiatives by the governments of various countries and increasing demand for sustainable food packaging across the globe during 2015-2020.
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