Published by Coherent Market Insights
Posted on September 24, 2021
Loose fill packaging is important for safe shipping of packaged goods, as they fill empty spaces in the box and prevents products from damaging during transportation. There are various types of biodegradable loose fill packaging material available in the global market, such as starch and recycled papers
Biodegradable loose fill packaging is gaining popularity worldwide, owing to rising awareness regarding environmental concerns such as increasing pollution due to plastic waste. Manufacturing process of corn starch loose fill requires low energy and no chemical agents, thereby avoiding issues associated with harmful gas emissions. Thus, advantages of biodegradable loose fill packaging materials is one of the key factors, fuelling growth of the market.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/2129
Furthermore, rapid growth of packaging industry is anticipated to support the global biodegradable loose fill packaging market growth. For instance, according to data provided by Central Government of India, the packaging industry was pegged at US$ 25 Bn in 2016 and is expected to reach US$ 30 Bn by 2020, at a growth rate of 15% per annum. Thus, the overall growth of the packaging industry is expected to support the market growth of biodegradable loose fill packaging market as well.
For instance, high internet penetration and large number of smartphone users, is increasing the growth of e-retail sales, which in turn supports growth of the biodegradable loose fill packaging market as well. According to Central Intelligence Agency (CIA), in the U.S. around 246,809,221 internet users were recorded in July 2016. Shifting consumer preference from offline to online retail is expected to drive demand for various types of protective packaging including biodegradable loose fill packaging in the region.
Mergers & acquisitions, strategic business collaboration, and product development are the key business strategies adopted by key players to retain their market presence. For instance, in December 2015, Storopack Inc. announced a business deal with Sealed Air Corp. and CPI to enhance its existing business of biodegradable loose fill packaging in the U.S. and Canada.
Major players operating in the global biodegradable loose fill packaging market include Nefab Group, Alsamex Products Ltd. Sealed Air Corporation, Storopack Inc., Green Light Packaging Ltd., Foam Fabricators Inc., Ferrari Packaging Ltd., Menai Foam & Board Ltd., and ACH Foam Technologies.
Loose fill packaging materials offer cost-effective protection to lightweight products against vibration or shock during handling or shipping. This packaging material is flexible and therefore, fills the empty spaces in the outer packaging. It is most widely used to fill the empty space around the fragile goods in the cardboard boxes, in order to ensure safe delivery of products during shipping.
Furthermore, biodegradable loose fill, also known as peanuts, is majorly used in the protection of valuable items such as electronic components, fragile consumer products, and glass items. This packaging material has the ability to dissipate static charge and therefore, is used in the packaging of microchips and electronic products that are susceptible to damage due to static electricity.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2129
Market Dynamics
Rising environmental concerns regarding plastic pollution is driving growth of the biodegradable loose fill packaging market. According to data provided by United Nations in 2015, plastic packaging waste accounted for 47% share in the global plastic waste generation. Rising awareness regarding these factors is fuelling demand for environment-friendly and sustainable packaging solution, which in turn will support growth of global biodegradable loose fill packaging market during the forecast period.
However, higher production cost of biodegradable loose fill’s material is restraining the market growth. The production cost of these materials is higher than conventional packing peanuts. Therefore, preference of consumers and suppliers shift towards low cost packaging materials over biodegradable packaging materials is expected to negatively impact the market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Biodegradable Loose Fill Packaging Market Investment Strategies To Strengthen Their Key Players appeared first on Gatorledger.
Loose fill packaging is important for safe shipping of packaged goods, as they fill empty spaces in the box and prevents products from damaging during transportation. There are various types of biodegradable loose fill packaging material available in the global market, such as starch and recycled papers
Biodegradable loose fill packaging is gaining popularity worldwide, owing to rising awareness regarding environmental concerns such as increasing pollution due to plastic waste. Manufacturing process of corn starch loose fill requires low energy and no chemical agents, thereby avoiding issues associated with harmful gas emissions. Thus, advantages of biodegradable loose fill packaging materials is one of the key factors, fuelling growth of the market.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/2129
Furthermore, rapid growth of packaging industry is anticipated to support the global biodegradable loose fill packaging market growth. For instance, according to data provided by Central Government of India, the packaging industry was pegged at US$ 25 Bn in 2016 and is expected to reach US$ 30 Bn by 2020, at a growth rate of 15% per annum. Thus, the overall growth of the packaging industry is expected to support the market growth of biodegradable loose fill packaging market as well.
For instance, high internet penetration and large number of smartphone users, is increasing the growth of e-retail sales, which in turn supports growth of the biodegradable loose fill packaging market as well. According to Central Intelligence Agency (CIA), in the U.S. around 246,809,221 internet users were recorded in July 2016. Shifting consumer preference from offline to online retail is expected to drive demand for various types of protective packaging including biodegradable loose fill packaging in the region.
Mergers & acquisitions, strategic business collaboration, and product development are the key business strategies adopted by key players to retain their market presence. For instance, in December 2015, Storopack Inc. announced a business deal with Sealed Air Corp. and CPI to enhance its existing business of biodegradable loose fill packaging in the U.S. and Canada.
Major players operating in the global biodegradable loose fill packaging market include Nefab Group, Alsamex Products Ltd. Sealed Air Corporation, Storopack Inc., Green Light Packaging Ltd., Foam Fabricators Inc., Ferrari Packaging Ltd., Menai Foam & Board Ltd., and ACH Foam Technologies.
Loose fill packaging materials offer cost-effective protection to lightweight products against vibration or shock during handling or shipping. This packaging material is flexible and therefore, fills the empty spaces in the outer packaging. It is most widely used to fill the empty space around the fragile goods in the cardboard boxes, in order to ensure safe delivery of products during shipping.
Furthermore, biodegradable loose fill, also known as peanuts, is majorly used in the protection of valuable items such as electronic components, fragile consumer products, and glass items. This packaging material has the ability to dissipate static charge and therefore, is used in the packaging of microchips and electronic products that are susceptible to damage due to static electricity.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2129
Market Dynamics
Rising environmental concerns regarding plastic pollution is driving growth of the biodegradable loose fill packaging market. According to data provided by United Nations in 2015, plastic packaging waste accounted for 47% share in the global plastic waste generation. Rising awareness regarding these factors is fuelling demand for environment-friendly and sustainable packaging solution, which in turn will support growth of global biodegradable loose fill packaging market during the forecast period.
However, higher production cost of biodegradable loose fill’s material is restraining the market growth. The production cost of these materials is higher than conventional packing peanuts. Therefore, preference of consumers and suppliers shift towards low cost packaging materials over biodegradable packaging materials is expected to negatively impact the market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Biodegradable Loose Fill Packaging Market Investment Strategies To Strengthen Their Key Players appeared first on Gatorledger.
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