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Food Biodegradable Packaging Market by Material (Paper & Paperboard, Plastic, Glass, Metal, Others), by Type (Reusable, Recyclable, Degradable), by Product Type (Bags & Pouches, Boxes, Clamshells, Cans, Foils & Wraps, Others), by Application (Dairy Products, Ready to Eat, Fruits & Vegetables, Poultry, Meat, and Fish, Bakery & Confectionery, Others), by North America (U.S., Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of Asia Pacific), by Europe (Germany, France, Italy, Spain, U.K., Rest of Europe), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of MEA) Forecast 2024-2032
The Food Biodegradable Packaging Market size was valued at USD 210 USD Billion in 2023 and is projected to reach USD 221 USD Billion by 2032, exhibiting a CAGR of 4.09 % during the forecast period. The rising demand for sustainable and environmentally friendly packaging solutions is driving the market growth. Food biodegradable packaging is the modern packaging method that is ecofriendly compared to the standard plastic packaging. Crafted from biopolymers like cornstarch and sugarcane it decomposes via a natural process and is safe for the environment. Different from other types of plastic, which usually take several hundred years to degrade, biodegradable packaging materials convert into innocent elements thereby reducing the pollution of the environment and the harm to animals. This packing type is beneficial to the environment since it reduces the use of materials that find their way to the world’s lands and seas. It also involves the use of renewable resources which are more friendly to the environment in the production and distribution of food. People are opting for environmentally friendly products and since customers prefer biodegradable packaging materials companies are embracing them. It is indeed a strategic decision that not only has an environmentally friendly effect but also brings positive results on the image of such companies to the eyes of the environmentally conscious consumers.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.09% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.09% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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