Growing trend of go-green around the globe is uplifting the growth of biodegradable packaging market
Biodegradable packaging offers consumers a lot of advantages, especially when it comes to cost-effectiveness. Non-biodegradable or paper-based packaging has become less common as eco-friendly alternatives have risen in popularity, especially as more products are being manufactured using ingredients from nature. The greatest advantage of this type of packaging is that they are a very low-cost solution to the disposal of household and office goods. Paperboard is often used in these types of packages, which can be composted
Growing demand for eco-friendly packaging solution is a prime factor driving the growth of the biodegradable packaging market. Shifting focus towards recyclability and sustainability coupled with the increasing government initiatives for promoting the use of efficient packaging are other major factors driving the growth of the market. Moreover, increasing ban on plastic usage across various countries in order to reduce ocean pollution is also projected to foster the growth of the biodegradable packaging market. The European Parliament has voted to ban single-use plastic to reduce the use of plastic food containers and plastic lids for hot drinks. By 2025, plastic bottles should be made of 25% recycled content, and by 2029 90% of them should be recycled.
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