According to Stratistics MRC, the Global Food Biodegradable Packaging Market is accounted for $3662.19 million in 2017 and is expected to reach $10,235.68 million by 2026 growing at a CAGR of 12.1% during the forecast period.
Gaithersburg, MD, US – July 13, 2018 —
Growing demand for sustainable and recyclable packaging, developments in biodegradable materials, stringent regulations, rising population along with higher consumer preferences and increased consumption of packaged food products are some key factors fuelling the market growth.
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Biodegradable products are obviously split by biological agents such as fungi and bacteria into raw materials. These are usually those products that can be rotten by microbes and other biological processes which are natural. Biodegradable goods include those that comprises of paper, food waste, fabric and wood. Biodegradable food packaging is generally defined as a means of giving a naturally degradable safety utilized majorly for information, identification, presentation, and convenience for products from production to consumption. The biodegradable food packaging is different from non-biodegradable packaging as former degrades completely and quickly when decomposed without any poisonous emission.
Based on applications, Fruits & Vegetables segment is anticipated to grow due to their effects on the product quality. The consumption of minimally processed fruits and vegetables has grown rapidly as a result of the consumer trend. By geography, Asia-Pacific is growing significantly in the global market due to fast growth in China and India packaging industries.
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Some of the key players profiled in the Food Biodegradable Packaging market include BASF SE, Be Green Packaging LLC, BioPak Pty Ltd, International Paper Co and Mondi Plc.
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• Bakery & Confectionery
• Convenience Food
• Dairy Products
• Fruits & Vegetables
• Meat, Fish, & Poultry
• Sauces, Dressings & Condiments
• Other Applications
• Other Materials
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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