Source: Freepik
Market for biodegradable plastic packaging offers great growth opportunities
Thomas Reiner | 10.11.2020
New market research shows that the global market for biodegradable plastic packaging will grow by 17% annually over the next 5 years. Biodegradable plastic packaging is just one of many sustainability thrusts. They are evidence to the dynamism in the search for sustainable solutions and how many opportunities for growth the sustainability aspect offers.
New market research shows that the global market for biodegradable plastic packaging will grow by 17% annually over the next 5 years. Biodegradable plastic packaging is just one of many sustainability thrusts. They are further evidence of the dynamism in the search for sustainable solutions. And they are proof of how many opportunities for growth the aspect of sustainability offers. The silver bullet is also clear: close cycles! Throwing away was yesterday.
The Indian market research and consulting company Mordor Intelligence recently presented figures on market development for biodegradable plastic packaging. The core statements:
- The market value of biodegradable plastic packaging was estimated at USD 4.65 billion in 2019. By 2025, the market is expected to grow to USD 12.06 billion.
- The average annual growth rate (CAGR) for the forecast period 2020-2025 is thus 17.04 percent.
Biodegradable plastics are just one of many thrusts in the quest for greater sustainability. Regardless of how important it will actually become in the future, the figures once again demonstrate the enormous dynamism in the sustainability sector. Anyone looking for opportunities and potential for growth will find what they are looking for in the area of sustainability.
The guiding principle and central theme of all these efforts has long been clear: circular economy! Because regardless of the material used, it is clear that the throwaway society has no future. Linear solutions lead to dead ends. There is only a future in closed cycles.
