Biodegradable Packaging Market, By Type (Plastic and Paper), By End-Use Industry (Food, Beverage, Pharmaceutical, Personal/Homecare, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Mar 2024

Code : CMI395

Pages :170

Formats :

Excel and PDF

Industry : Packaging

Market Challenges: Higher Costs & Quality Issues

The biodegradable packaging market faces several challenges. Since these products are not as durable as traditional plastics, there is a perception that they are not as effective in protecting products during transport and storage. They also tend to be more expensive to produce than regular plastic packaging. Consumers are not always willing to pay higher costs for biodegradable options. Additionally, the necessary infrastructure for industrial composting of these packages is still developing in many parts of the world. The technologies involved in producing biologically-sourced packaging materials also need to achieve greater scale and lower costs.

Market Opportunities: Demand for Eco-Friendly Alternatives

Growing consumer awareness about sustainability issues and demand for eco-friendly alternatives is driving market growth. Regulations banning certain single-use plastic items are also creating a need for renewable substitutes. As production capabilities improve, costs should decrease over time.