The global market for biodegradable packaging materials is estimated at $88 billion in 2022
SEOUL, SOUTH KOREA, May 27, 2022 /EINPresswire.com/ — The European market for biodegradable packaging is estimated at US$2.94 billion in 2022, registering an impressive growth of 6.4%, surpassing the market valuation of US$5.5 billion by the end of 2032. biodegradable packaging market recorded a CAGR of 5.8% from 2017 to 2021. Due to the remarkable market potential, the European biodegradable packaging market is expected to grow over the assessment period, according to Fact.MR analysis.
The Biodegradable Paper and Cardboard Packaging Materials Market The report reveals that they have improved their use in the food and beverage industry, however, with the increasing advancements, they are now also widely used for making bags and boxes.
Manufacturers are investing in advanced technologies to meet the ever-increasing demand for affordable and highly efficient biodegradable packaging materials. Additionally, next-generation technology solutions help producers deliver industry-specific packaging solutions.
To stay “ahead” of your competition, request a sample of biodegradable paper and cardboard packaging materials – https://www.factmr.com/connectus/sample?flag=S&rep_id=2063
Key insights from market research
Biodegradable packaging market in Europe is estimated to be worth US$2.94 billion in 2022, expected to expand at an impressive CAGR of 6.4%, to surpass the valuation of US$5.5 billion by the end from 2032
By material, paper and paperboard dominate the market, holding 62.3% share of the overall market in 2022
By end-user, food and beverages hold 34% market share, growing at a CAGR of 6.1% from 2022 to 2032
Bags and boxes collectively account for nearly 38% market share in the application segment
Germany leads the market, holding 35% market share, and is expected to grow at a CAGR of 6.4%
“Europe’s plastic ban and stringent environmental standards have increased the focus on biodegradable packaging in several parts of the region, which is likely to drive the market demand for biodegradable packaging in the coming years,” says an analyst. by Fact.MR.
Prominent players are witnessing increased competition in the market as the market has witnessed immense development in terms of innovation and technological advancement. Due to the enhanced application in different end-use industries, companies in the market are looking for cost reduction to make them more accessible.
In April 2021, Smurfit Kappa launched a new range of e-bottle packaging solutions for the growing online beverage market. This range is more sustainable made from recyclable raw materials and is customizable according to bottle shapes and sizes. The company also offers a range of automated solutions that help optimize packaging processes.
In May 2021, Amcor Limited announced that its team had created more sustainable packaging solutions for butter and margarine, which are made entirely from paper. Paper packaging is 38% lighter than foil and paper packaging and reduces carbon footprint by 81%, helping consumers achieve their sustainability goals.
Need more information on the Biodegradable Plastic Packaging Materials report methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=2063
Intralogistics Market Revenue Analysis from 2015 to 2021 vs. Market Outlook 2022-2032
Over the past half-decade – from 2015 to 2021, the global intralogistics market has grown at a resounding CAGR of 14.3%. Digitalization across industries has improved productivity, and the integration of the Industrial Internet of Things (IIoT) have been key indicators of growth.
The optimization of the internal supply chain with the integration of intralogistics in the factories ensures the potential growth of the market. The implementation of IIoT to increase factory productivity by reducing distances to the bridge and smoothing the flow of materials is ensuring strong market growth. Thanks to these aforementioned factors, the market is expected to grow at an impressive CAGR of 15.5% during the forecast period.
Strict regulations in the biodegradable packaging materials market
According to the World Bank, the production of plastic waste is expected to increase by around 70% and by 2050 it is expected to reach more than 3.3 billion tonnes.
The dangers of plastic waste generation have compelled governments and institutes to ban single-use plastic packaging materials. Several regulations and legislations mainly focusing on plastic packaging and single-use plastic have been introduced in more than 60 countries, regions and cities. Certification procedures and labeling regulations are in place to control false claims about sustainable packaging.
The United States represents only 4% of the world’s population but produces more than 105 kg of plastic per person per year. In the United States, the Break Free from Plastic Pollution Act requires producers to ban single-use plastic products, manage waste and suspend permits for new plastic factories, in addition to other measures imposed.
The National Action Plan for the Sustainable Management of Plastics has set up 3 goals of plastic concern. First, recycle 50% of plastics by the end of 2025, second, phase out single-use plastic by 90% by the end of 2026, and third, reduce plastic waste generation by 30% by 2030.
Manufacturers need to comply with stringent government regulations established in regional markets and move towards environmentally friendly packaging solutions, which is expected to drive the market growth.
Full access to this exclusive report on Jute Biodegradable Packaging Materials is available at- https://www.factmr.com/checkout/2063
Global Biodegradable Packaging Materials Market by Category
By type of material:
Paper and cardboard Biodegradable packaging materials
Coated unbleached kraft board
Molded fiber pulp carton
Cardboard Recycled Paper
Plastic Biodegradable Packaging Materials
Polylactic acid (PLA)
Fossil-based polymer (PCL, PBAT, PBS, etc.)
Jute Biodegradable Packaging Materials
Wood Biodegradable Packaging Materials
By end-use industries:
Food and beverage industry
Cosmetics and personal care products industry
Consumer Goods Industry
More valuable information
Fact.MR, in its new offering, presents an unbiased analysis of the European Biodegradable Packaging Market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The study reveals critical insights based on material type (paper and board, plastic, jute, and wood) by application (trays, bags, boxes, shells, films, pouches) and by end-use industries (food and beverage , cosmetics and personal care). pharmaceuticals, consumer goods) in the main European countries (Germany, Italy, France, Spain, United Kingdom, Russia and BENELUX)
Check out Fact.MR’s comprehensive consumer goods coverage:
Carton Erecting Machines Market – https://www.factmr.com/report/2386/carton-erecting-machinery-market
Carton forming machines are widely used in the packaging industry to amplify the production of packaging formats. With the rise in adoption of on-the-go food consumption in developed countries, the demand for carton forming machines is expected to increase.
Form Fill Seal Vertical Bagging Machine Market – https://www.factmr.com/report/2826/vertical-form-fill-seal-baggers-market
The vertical fill and seal bagging machine market in the North America region is estimated to witness growth in the coming years owing to an increase in compact packaging solutions.
UV Fluorescent Inks Market – https://www.factmr.com/report/1479/uv-fluorescing-ink-market
APEJ region is expected to lead the global UV fluorescent inks market in terms of consumption during the forecast period. The various industries in this region mainly consume UV fluorescent ink for printing their barcodes or information labels on specific products.
Supriya Bhor Prominent Research and Consulting Services
LEADING RESEARCH AND CONSULTANCY SERVICES
+1 (628) 251-1583
write to us here