Biodegradable packaging is plant-based and is harvested directly from nature. It does not contain harmful chemicals and plastic coatings and thus are completely decomposable with the aid of microorganisms, when placed in a composting area. Growing demand for sustainable and recyclable packaging is thus driving the food biodegradable market globally. Developments in biodegradable materials, rising consumer awareness on environmental issues and stringent regulations are other major factors enhancing the market growth. Biodegradable plastics are thus poised to replace conventional non-biodegradable plastics used as raw materials for packaging. Food biodegradable packing market is poised to witness growth of XX% CAGR during the forecast period to reach revenue of $XXm by 2021.
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The global food biodegradable packing market is analyzed based on application such as dairy products, bakery & confectionery, convenience food, fruits & vegetables, meat, fish, & poultry sauces, dressings & condiments. The market is also segmented on basis of material, which includes paper and plastic. The food biodegradable packing market size is analyzed based on the geographic regions including Americas, Europe, APAC and Rest of the World (RoW). The market is further segmented on the basis of the key countries in the region.
Global food biodegradable packaging market is fragmented market with the presence of significant number of players.
Major players in the market includes:
- BASF SE (Germany)
- Be Green Packaging LLC (California)
- BioPak Pty Ltd (Australia)
- International Paper Co (U.S.)
- Mondi Plc (Austria).
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Key development strategies adopted by major players in the biodegradable packing market are acquisition and joint venture.
Other major players in the market are:
- Delta Packaging Ltd (India)
- SimBio USA, Inc. (U.S.)
- Nature Works Llc (U.S.)
- Stora Enso (Finland)
- Stora Enso (Finland)
- Stora Enso (Finland).
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