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Biodegradable Packaging Market Value Projected to Expand by 2029

July 02,2023

biodegradable packaging Market is projected to grow at a CAGR of around 5% during the forecast period.

The market is segmented on the basis of materials and applications. Based on the materials segment, the market is bifurcated into paper and plastic. The paper segment includes corrugated boxes, boxboard & paperboard cartons, and flexible paper. While the plastic segment is segmented into starch-based plastics, cellulose-based plastics,  polylactic acid (PLA) , poly-3-hydroxybutyrate (PHB), polyhydroxyalkanoates (PHA), and other plastics.

The rapid R&D activities in order to produce biodegradable packaging materials are creating lucrative opportunities for market growth over the forecast period. The most used material is polylactic acid (PLA) which is currently used for the production of different packaging shapes including cups, bowls, foils, and food storage containers. Foamed PLA is used as an insulator and is an alternative to foamed polystyrene (PS). PLA has good mechanical properties, similar to polyethylene terephthalate (PET), and polypropylene (PP). Additionally, an important component is a plasticizer, which enhances flexibility and extensibility. In general, these coatings exhibit higher water permeability, lower oxygen permeability, and inferior mechanical properties compared with traditional packaging. This drives the global biodegradable packaging industry.

Additionally, the integration of biodegradable PLA and PLA coated with a barrier of pure silicon oxide and in combination with a modified atmosphere extends the overall shelf life of the food product. Modified atmosphere packaging includes packaging which is made with carbon dioxide and nitrogen amalgamation to preserve the food for a long period. Modified atmosphere packaging amalgamated with the biodegradable packaging is likely to witness substantial growth in the overall market over the forecast period, which in turn, drives the global biodegradable packaging market.

Hunan Green Star Biotechnology Co., Ltd. (Green Star) is a company that provides full  biodegradable materials, PLA products and system solutions, founded by a team of experts and Doctors from the Bio-materials Research Center of well-known university in China.

The products have excellent biodegradability and physical properties of the original polymer materials, which can replace ordinary petrochemical plastic products. The company constantly innovate and enrich its product series, which can be widely used in the packaging of agricultural, food, waste disposal, pharmaceutical, electrical appliances and daily necessities.