Eco-friendly Food Packaging Market Growth and Forecast to 2025

1. Global Eco-friendly Food Packaging Market to cross USD 12 billion by 2025 Market overview: The global Eco-friendly Food Packaging Market was valued at USD 89.57 billion in 2019 and is determined to reach USD 121.38 billion by 2025 at a CAGR of 5.3% over the outlook period. Eco-friendly Food Packaging comprises biopolymers derived from plants and microorganisms. Some of the popular items used in packaging are cellulose, starch-based plastics, polycaprolactone, and chitosan. The widely used biodegradable packaging materials are corrugated paper, cardboard, and soft paper. They can contain mixtures of synthetic materials that contain additives and pigments used to improve the functional properties of the final packaging. Recent developments: May 2020: Tetra Pak, united by the European Union for a green recovery initiated by the European Parliament on April 14, 2020 to build a better future after COVID-19 pandemic. March 2020: In collaboration with HPRC (Healthcare Plastics Recycling Council), Amcor will help promote more sustainable practices and innovation throughout the healthcare industry and improve the recyclability of plastic products. Market Drivers and Restrains: Factors such as increased demand for prepared foods and increased consumer awareness of health and wellness are expected to drive growth in the Eco-friendly Food Packaging Market during the forecast period. As consumer preference for biodegradable material-based products increases, growth in the Eco-friendly Food Packaging Market is expected to accelerate during the outlook period due to increased contamination, posing serious environmental problems in all the world. In addition to this, advanced production processes and technological innovations adopted by Eco-friendly Food Packaging Market manufacturers are expected to accelerate the growth of the global Eco-friendly Food Packaging Market during this period. Consumers prefer an alternative to disposable plastic to reduce this waste. Strict government regulations for the manufacture of packaging using non-

2. petroleum products, the shrinking of the packaging industry, and technological advancements in the packaging industry are opening the green market for food packaging. Also, increasing consumer awareness associated with the use of Eco- friendly Food Packaging is expected to enhance the growth of the Eco-friendly Food Packaging Market. Recent advances and technological changes have led to a global market for Eco-friendly Food Packaging. Trash plastic produced by the food and beverage industry is a major concern worldwide. Furthermore, innovative products such as grocery packaging and water-soluble packaging are also driving the market for eco-friendly food packaging. To know more read: https://www.marketdataforecast.com/market-reports/eco-friendly-food- packaging-market Report is segmented as: Paper and cardboard have a large share of the world's Eco-friendly Food Packaging Market in 2019. The Eco-friendly Food Packaging Market is divided into different food and beverage sectors such as bakery and confectionery, prepared foods, meat, fish and poultry, fruits and vegetables, dairy products and other food productdepending on the application. Geographical Segmentation: The Asia Pacific market is expected to show the strongest growth as demand for prepared foods increases due to the busy consumer lifestyle. Urbanization, busy lifestyles, and high disposable incomes are increasing breakfast consumption on the go and ready to eat. The Eco-friendly Food Packaging industry is growing as consumer preferences shift to recycling and organic packaging materials as a result of strict laws and regulations imposed by governments and government agencies. North America and Europe are expected to become potentially profitable regional markets and grow as technology significantly advances in the manufacturing process. Impact of COVID 19 on Eco-friendly Food Packaging Market

3. With the arrival of Covid-19, many companies are beginning to deviate from the sustainability goal of banning plastics. Some studies have shown that the virus can be spread through cardboard and plastic, which has increased the use of disposable materials for packaging products, such as adhesive films for fruits and vegetables in supermarkets. Key market players: The main players in the global Eco-friendly Food Packaging market include Tetra Pak, Ball Corporation, Mondi Group, Sealed Air Corporation and Amcor. View sample and decide: https://www.marketdataforecast.com/market-reports/eco-friendly-food- packaging-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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