VEGETABLE PARCHMENT PAPER MARKET ANALYSIS
Market Trends
Increasing plastic pollution is a major environmental concern, globally. For instance, according to Central Pollution Control Board, around 4 Mn tons of garbage is disposed every day, out of which 15% (0.60 Mn tons) comprises plastics. Plastics are expected to account for 20% of the entire pollution over the following 25 years, as compared to an estimated 7% currently. These factors are expected to boost demand for recyclable and/or biodegradable options such as vegetable parchment paper, which in turn is expected to drive growth of the vegetable parchment paper market.
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