The seafood packaging market is projected to grow at a CAGR of 4.02 % to reach US$25.119 billion by 2025, from US$19.829 billion in 2019. As lives have become even more fast-paced due to technological advancements and the changing nature of deliverables and rotational working hours, there has been a surge in the need for meal-on-the-go, meal kits. The pure-play online digitally delivery food and beverage servers are increasingly offering an all-inclusive meal option among the myriad of a la cart Read more...
The global biodegradable plastic packaging market is evaluated at US$6.352 billion for the year 2019 and is projected to grow at a CAGR of 12.40% to reach the market size of US$14.394 billion by the year 2026. Market Overview. Growing environmental concerns coupled with stringent regulatory standards have led plastic manufacturers to develop biodegradable plastic. Rising demand for sustainable packaging solutions across industries such as food and beverage and pharmaceuticals is fuelling t Read more...
Biopolymer packaging market is projected to grow to US$3.161 billion by 2023 from US$2.073 billion in 2018, growing at a CAGR of 8.80% over the forecast period. Biopolymers are biodegradable polymers and are environment–friendly. These plastics are sustainable, non-toxic, and recyclable petrochemical packaging substitutes of synthetic polymers. The demand for biopolymer packaging is majorly driven by growing environmental sustainability issues and the high cost of fossil fuel products. Read more...
The biodegradable paper packaging market was valued at US$215.039 billion in 2017 and is projected to expand at a CAGR of 5.90% over the forecast period to reach US$303.315 billion by 2023. The growing problem of landfills and non-biodegradability or very slow biodegradability of plastic based packaging has led to the increased adoption of biodegradable paper. Moreover, the rising consumer consciousness and government regulations supporting the adoption of biodegradable packaging has suppleme Read more...
The sustainable packaging market is projected to grow at a CAGR of 5.03% to reach US$348.919 billion by 2026, from US$247.435 billion in 2019. Sustainable packaging is defined as an approach towards packaging that is sourced, developed, and used in a way that minimizes the environmental impact. Green marketing —— something only forward-looking businesses emphasized several years ago when it was unusual for businesses to take environmentally friendly initiatives. The current Read more...
