Biodegradable Paper and Plastic Packaging Market

1. Biodegradable Paper and Plastic Packaging Market Developments, Future Plans and Comprehensive Research Study Till 2030

2. Global Market Scenario of Biodegradable Paper and Plastic Packaging Industry The trend of biodegradable paper and plastic packaging market adoption is gaining traction worldwide, with the packaging waste taking a massive landfill and ocean space, dominated by cardboard and plastic materials. Estimates by the EPA revealed that plastic and other packaging waste makes more than 30% of the total annual waste generated in the United States. This has compelled companies and government bodies to take a ‘sustainable’ step toward the introduction of green packaging options, inclusive of biodegradable paper and plastics. Kraft Heinz, for example, publicized its plans of becoming the first sauce brand to launch a biodegradable paper-based ketchup bottle, in partnership with Pulpex. Biodegradable paper and plastic packaging market boasts of advantages like they are free of allergens and toxins, reduced production costs, require lesser resources, convenient disposal, and reduced footprint. These merits offer trillion-dollar businesses to tap into thriving biodegradable paper and plastic packaging industry.

3. Continue:- Highlighting biodegradable paper and plastic packaging applications in diverse sectors Food and beverage The demand for biodegradable plastic and paper packaging market is surging in the current times across the food and beverages industry. Shifting to biodegradable packaging enables the food industry behemoths to make use of massive source of food packaging waste generated and re-directs it to compost, harnessing nutrient rich soil to support farmers produce more food. Moreover, rather than harming the environment, biodegradable plastic and paper food packaging can become a part of vital circular system that boosts food production and eliminates waste, simultaneously. Different research studies are also being conducted around biodegradable food packaging materials. In March 2022, scientists at Sao Paulo State University produced a ‘green’ plastic made from clay, gelatin, and nano-emulsion of black pepper essential oil. The newly developed biodegradable plastic seeks to offer a potential solution for food packaging industry.

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5. 360° Industry Analysis Request for customization:https://www.gminsights.com/roc/5342 Healthcare and pharmaceutical The development of sustainable packaging solutions for pharmaceutical products has become increasingly important in the recent years. Pharmaceutical products require high standard of packaging than the regular products, mainly as they need to remain in pristine condition through transport, storage, and on the shelf. This has produced an innate demand for biodegradable paper and plastic packaging solutions. In Early 2020, Natupharma developed a biodegradable plastic packaging for pharmaceutical industry by blending sugarcane with biodegradable plastic additives. The initiative supports the firm’s efforts to reduce its carbon footprint. It would be imperative to note that the COVID-19 pandemic crisis has as well opened new opportunities for biodegradable paper and plastic packaging in the pharmaceutical industry.

6. Competitive Analysis: Personal care and cosmetics Plastic bottles generally make up the majority of personal care and cosmetics packaging. While plastics lead to an undesirable waste in landfills, personal care companies have shifted their focus on designing biodegradable paper and plastic packaging market solutions. One of the recent concepts introduced in biodegradable packaging for personal care products is SoapBottle. The product, developed by a Berlin-based product and process designer, is an innovative and dissolvable solution made entirely from the natural materials used in production of soap- to reduce waste in its product lifecycle. Sustainability is a buzzword in the current era and packaging has emerged as a major beneficiary of this evolving trend, enabling different industrial leaders to set their best foot forward in introducing novel biodegradable and eco-friendly packaging options in F&B, pharmaceutical, and other sectors. It has been speculated that the global biodegradable paper and plastic packaging market would surge beyond $5.5 billion by 2030.

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