A comprehensive overview of the Global Eco-Friendly Food Packaging Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the eco-friendly food packaging market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The global eco-friendly food packaging market is likely to showcase a robust growth of around ~7% during the forecast period (2021-2027).
Access sample report (including graphs, charts, and figures):https://univdatos.com/get-a-free-sample-form-php/?product_id=25614
Market Overview
The demand for eco-friendly food packaging is uplifting on account of the waste generated by the food packaging material. The major part of the total global waste includes single-use plastic food packaging. For instance, in 2018, the packaging waste generated in the EU was estimated at 174.1 kg per inhabitant varying from 67.8 kg per inhabitant in Croatia and 227.5 kg per inhabitant in Germany. Also, in the EU, During 2008-2018, paper and cardboard were the leading packaging waste material with around 31.8 million tonnes in 2018. This material is followed by plastic and glass generating 14.8 million tonnes & 14.5 million tonnes of waste in 2018, respectively. Owing to the increasing waste generation coupled with lowered recycling rate is hurting the earth’s environment which in turn is driving the growth of the eco-friendly food packaging market.
Moreover, the stringent new policies and regulations implemented and adopted by the government would influence the demand for eco-friendly packaging. The government across several countries banned or implemented additional charges on the use of conventional shopping bags, packaging materials, and disposables. Thus, the global market for bioplastics, particularly biodegradable or eco-friendly food packaging plastics is on rising. Plastic bags take 10 to 20 years to decompose completely which is a threat to the ecosystem. Further, the growing need to reduce the dependency on conventional fuels coupled with rising consumer awareness to adopt sustainable biodegradable plastics is escalating the demand for eco-friendly food packaging. Although, the high manufacturing cost of biodegradable plastics than conventional plastics would hamper the market growth.
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://univdatos.com/report/eco-friendly-food-packaging-market/
COVID-19 Impact
The COVID-19 pandemic halted the manufacturing and supply chain operations related to food and beverages. Moreover, several food service outlets, restaurants, supermarkets, and hypermarkets were non-functional, which adversely impacted the food packaging market, therefore, the demand for eco-friendly packaging witnessed a downfall. Also, there were changes in consumer behavior and demand during the pandemic largely impacted the supply and value chain in the food and beverage industry. Therefore, reduced demand for reusable, recyclable, and degradable materials was observed in the industry for a limited period. However, the market for active packaging is experiencing positive growth due to its antioxidant and antimicrobial properties. This may help in preventing the contamination of food & beverage products from bacteria and viruses.
Ask for Price & Discounts @ https://univdatos.com/get-a-free-sample-form-php/?product_id=25614
The global Eco-friendly food packaging market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Material, the market is primarily bifurcated into:
• Paper & Paperboard
• Plastic
• Metal
• Glass
Based on material, the market is classified into paper & paperboard, plastic, metal, and glass. Amongst these, the plastic segment accounted for a significant share of the market. Manufacturers are keen on the production of eco-friendly and biodegradable food packaging materials from biodegradable waste. Residual by-products of sugarcane extraction, rice bran, wheat, and maize are several of the raw materials leveraged to manufacture eco-friendly packaging material.
By Type, the market is primarily bifurcated into:
• Recycled Content Packaging
• Degradable Packaging
• Reusable Packaging
Based on type, the market is categorized into recycled content packaging, degradable packaging, and reusable packaging. Among these Recycled materials grabbed a significant market share as recycled materials are one of the top options for sustainable brand packaging. These can include recycled paper, plastic, and even fabrics. These materials are reused as raw materials by manufacturers to produce new packaging goods, reducing pollution produced by packaging trash.
For a better understanding of the market adoption of the Eco-friendly food packaging industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. Asia Pacific is expected to witness the highest CAGR during the forecast period. A rise in the café, hotels, and restaurants across in Asia pacific region coupled with the availability of healthy food as per consumer demand is leading to the growing demand for the eco-friendly food packing market.
The major players targeting the market include:
• BASF
• Ball Corporation
• Sonoco Company
• Tetra Pak
• Amcor
• Westrock Company
• Mondi Group
• Crown Holdings Inc.
• Sealed Air Corporation
• Sustainable Packaging Industries
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Eco-friendly food packaging market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global eco-friendly food packaging market?
· Which factors are influencing the global eco-friendly food packaging market over the forecast period?
· What are the global challenges, threats, and risks in the global eco-friendly food packaging market?
· Which factors are propelling and restraining the global eco-friendly food packaging market?
· What are the demanding global regions of the global eco-friendly food packaging market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
Related Report
Air Fryer Market
Beverage Flavoring Systems Market
Bread Improver Market
Carbonated Beverage Processing Equipment Market
Contact Us:
UnivDatos Market Insights
Ankita Gupta
Director Operations
Ph: +91-7838604911
Email: sales@univdatos.com
Website: https://univdatos.com/