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 c Read more...
Biodegradable plastic packaging market is projected to witness a compound annual growth rate of 12.37% during the forecast period to reach a total market size of US$10.132 billion by 2023, increasing from US$5.033 billion in 2017. Growing environmental concerns coupled with stringent regulatory standards has 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...
Sustainable packaging market is projected to witness a compound annual growth rate of 6.53% to reach a total market size of US$341.72 billion by 2023, from US$233.82 billion in 2017. Government legislation and stringent laws regarding sustainability, increasing consumer awareness towards usage of sustainable and eco-friendly packaging materials and a growing packaging industry are the major factors fueling the growth of the Sustainable Packaging Market. However, the high cost of recycling and Read more...
