Because of their low environmental impact, growing focus on sustainability, government emphasis on efficient packaging management, rising consumer awareness, and an increasing ban on plastic, biodegradable packaging solutions are finding increased application in packaging. According to the European Bioplastics Association, global bioplastics production capacity will increase from around 2.11 million tonnes in 2019 to around 2.43 million metric tonnes in 2024. With the increasing amount of packaging waste produced worldwide, governments all over the world are turning to alternative sources such as biodegradable packaging. The United States has only 4% of the world's population but generates 12% of global municipal solid waste (MSW). It is also claimed that the United States generates approximately 106.2 kg of plastic waste per person per year.
Pharmaceutical companies are also using eco-friendly packaging material to pack various dosages of medicines because it is completely safe and non-toxic in nature. Rising demand for food and beverages is a major driver of the global Biodegradable Packaging Market. People have begun to use biodegradable and recyclable plastic, as well as other materials such as papers or cardboard, for packing and labelling. Biodegradable packaging is made of natural substances such as petroleum and corn-based biodegradable, and these packaging materials are easy to recycle and decompose in the environment. Consumer awareness of the importance of biodegradable packaging in protecting the environment and controlling pollution is a key factor driving the growth of the global biodegradable packaging market.
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