BIODEGRADABLE PHARMACEUTICAL PACKAGING MARKET ANALYSIS

Regional Analysis

Global Biodegradable Pharmaceutical Packaging Market: Regional Analysis

On the basis of region, the global biodegradable pharmaceutical packaging market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among region, Europe is expected to drive the global biodegradable pharmaceutical packaging market growth over the forecast period, owing to increasing waste generation. For instance in 2016, according to the European Commission, around 59% of packaging waste is generated from food products , pharmaceuticals products, household goods and other products  among which 39.9% of waste includes food packaging and pharmaceutical packaging waste. Increasing demand of biodegradable packaging material to replace with nondegradable packaging material for reducing waste is expected to drive growth of the biodegradable packaging material market in Europe.

Key players such as Berry Plastics Corporation are focused on developing biodegradable packaging materials for industries such as pharmaceutical and others, which is expected to boost the global biodegradable pharmaceutical packaging market growth in North America. For instance in June 2011, Berry Plastics Corporation with the Agricultural Research Service (ARS), has carried out in house research, of the U.S. Department of Agriculture (USDA), to create sustainable solutions in packaging using PLA and Sugar Beet Pulp. They are also focusing on innovating more biodegradable packaging material.