Eco-friendly products are naturally decomposed by biological agents, including bacteria and fungi, into raw materials. These are usually those products that can be decomposed by a biological process that are natural Eco-friendly goods such as those that are comprised of fabrics, paper, wood, and food waste. Eco-friendly packaging means giving naturally degradable protection used mainly for information, identification, presentation, and convenience for products from production to usage.
MARKET DYNAMICS
The shift in the consumer preference towards eco-friendly and recyclable packaging, strict government laws, and downsizing in the packaging sector are some of the factors behind the growth of this market. Further advanced technology in the packaging sector for the production of packaging utilizing non-petroleum products is boosting the market for biodegradable food packaging. Moreover, innovative products, including water-soluble and edible packaging, are further propelling the market for the biodegradable food packaging market. Factors such as the growing demand for convenient food and increasing customer understanding of health and well-being are projected to drive the growth of the eco-friendly food packaging market during the forecast period. However, trash plastic created by the food & beverage industry is a global concern. Consumers prefer alternatives to single-use plastics to reduce this waste. Packaging firms are therefore now focused on the production of recyclable, recycled, and degradable packaging products, which will further propel the demand of eco- friendly food packaging market.
MARKET SCOPE
The "Global Eco-friendly food packaging Market Analysis to 2028" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the eco-friendly food packaging market with detailed market segmentation by material, application, type, technique and geography. The global eco-friendly food packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading eco-friendly food packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global eco-friendly food packaging market is segmented on the basis of material, application, type, and technique. On the basis of material the global eco-friendly food packaging market is segmented into paper and paperboard, plastic, metal, cans, barrels and drums, and others. By application the eco-friendly food packaging market is segmented into food, bakery and confectionery, convenience food, meat, fish, and poultry, fruits and vegetables, and others. By type the global eco-friendly food packaging market is segmented into recycled content packaging, degradable packaging, and reusable packaging. Based on technique the global eco- friendly food packaging market is segmented into active packaging, molded packaging, alternate fiber packaging, and multipurpose packaging.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global eco-friendly food packaging market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The eco-friendly food packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the eco-friendly food packaging market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the eco-friendly food packaging market in these regions.
MARKET PLAYERS
The reports cover key developments in the eco-friendly food packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from eco-friendly food packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for eco- friendly food packaging in the global market. Below mentioned is the list of few companies engaged in the eco-friendly food packaging market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the eco-friendly food packaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Mondi Group
- Amcor
- Ball Corporation
- Tetra Pak
- Crown Holdings Inc.
- Evergreen
- Elopak
- Printpack
- Sealed Air Corporation
- Westrock
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.