According to the FMI analysis, the biodegradable packaging market reached over US$ 440 Bn in 2021. The global biodegradable packaging market is anticipated to register a CAGR of 6.1% during 2022-2032. The demand for the biodegradable paper packaging segment by the material is estimated to boost with the top 5 key players holding 20-25% of the global biodegradable packaging market by the end of 2022.
The biodegradable packaging market is projected to bolster with the increasing demand for sustainable and eco-friendly packaging in various end use industries. A new forecast by FMI analysis estimates that biodegradable packaging sales will augment during 2022-2032 and is anticipated to create a growth opportunity of US$ 1.8 Bn.
The government and non-government initiative towards sustainable packaging in North America and Europe is projected to create a growth opportunity for the biodegradable packaging market during the forecast period.
Fast-Moving Consumer Goods (FMCG) Producers And Retailers are rapidly expanding beyond conventional light weighting efforts.
Historically, FMCG companies and retailers have prioritised immediate gains, such as reducing weight and materials utilisation, to cut their packaging costs. As a result of these shifts, flexible packaging and pouches have largely replaced more rigid packaging designs.
However, in recent years, producers and sellers of packaged goods have pledged to reduce packaging waste. Almost all the top 100 fast-moving consumer goods businesses have made public pledges to increase their sustainability efforts in the future years.
Denne historien er fra May 2023-utgaven av Food Marketing & Technology - India.
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Denne historien er fra May 2023-utgaven av Food Marketing & Technology - India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Avocados: Health Benefits And Sustainable Cultivation
ATTRACTIVE GROWTH SEGMENT - In only a few years, the avocado has developed from being a rather a and has become an integral part of modern cuisine and in restaurants throughout Europe and beyond.
UFlex to Showcase Innovative and Sustainable Printing and Packaging solutions at DRUPA 2024
U Flex Limited, India's largest multinational flexible packaging and solutions company, is participating in DRUPA 2024, the premier global trade fair for print and packaging innovations, scheduled to take place in Dusseldorf, Germany from March 28 to June 7, 2024.
Hubergroup and Manroland Goss unite for Sustainable Packaging Innovation
Hubergroup, a global specialist in and chemicals, has partnered with manroland Goss web systems, a leading provider of web offset printing solutions, in a strategic collaboration.
Technological Advancements in the Premium Flavour, Extract and Concentrate Industry
Food Marketing & Technology Magazine had the privilege of hosting the fourth edition of their business webinar on “Technological Advancements in the Premium Flavour, Extract and Concentrate Industry” with Paul Ahn, Global Sales Manager, Flavourtech.
Flavourtech's Origins: From Wine to Worldwide Flavor Solutions
LEON SKALIOTIS, CEO of Flavourtech - Discover how Flavourtech, founded over 40 years ago by an innovative winemaker in Australia, evolved from addressing grape juice desulphiting to revolutionizing flavor extraction and concentration across various industries.
How CPG Companies Can Adopt Better Sustainable Packaging Practices in 2024
Sustainability has gone mainstream. With more switching to consumers environmentally friendly brands, it's become a central theme across all industries.
The Evolution of the Protein Value Chain Sustainable Protein Systems for a Growing World
As the world's population is on course to surpass ten billion by 2050, our food systems face the challenge of providing sustainable nutrition without further harming harming the planet. Animal-based diets and the reliance on animal-derived proteins are significant contributors to environmental degradation and public health issues. Not only is the global population increasing, but the expanding middle class in developing nations is driving a surge in protein demand, intensifying the strain on our environment.
Implementing the Technological Intelligence in Agricultural Produce
It is estimated that by 2050 the I world's population will be around 10 billion. From employment generation to contribution to National Income, agriculture is important to all of us as agricultural produce is the core on which we survive. It contributes a significant portion to the economic prosperity of the developed nations and plays an active part in the economy of the developing countries as well.
Cocoa Crises: A Sweet Industry's Bitter Challenge
As a pastry chef and entrepreneur running a small-scale baking business, I have always believed in the magic of cocoa. From the velvety richness of couverture chocolate to the deep, earthy notes of cocoa powder to the creamy allure of cocoa butter, these ingredients are the essence of our creations.
Ethylene Oxide (ETO) Detection in Ready-Made Spice Mixes: Ensuring Food Safety
INTRODUCTION - In the world of culinary delights, ready-made spice mixes hold a cherished place, adding convenience and flavour to countless dishes. However, recent concerns over food safety have brought to light the presence of ethylene oxide (ETO) in some of these products.
