Eco friendly food packaging for small business

High profitability business opportunity of eco friendly jute products by 2030

A survey was conducted by a group of researchers on organic jute products in the USA, from that report we can say that it was a market of USD 81.7 billion in 2020, and it is assumed that it may increase to USD 117.8 million by the end of 2027. 

Large companies are thinking of adopting biodegradable products like jute in their packaging solutions. Organic jute products have a low environmental impact, and at the same time, their demand is also increasing day by day. There are many sources of eco-friendly products, which reduces dependency on the by-product of petroleum. Jute product reduces the number of waste products in our society whereas it provides the same benefits as traditional plastics. 

Packaging products are usually made of renewable raw materials for example starch, cellulose, etc. Besides, biodegradable products may be converted into inorganic products, CO2, methane, and water, with the help of the enzymatic application of microorganisms. Learn more..........

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Moreover, an increase in the production of eco-friendly jute products tends the manufacturers to use these in several types of applications. Nowadays, demand for biodegradable products is accelerating and it is assumed to continue to progress because lots of business organizations are applying organic-jute products for their packaging products to promote their sustainability initiatives. 

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Furthermore, eco-friendly products have been successfully developed to make other organic jute products and play a vital role as a replacement for petroleum-based plastics. Consumers are being motivated to use this bio-jute product more enthusiastically. For example, one of the biggest beverage players Carlsberg is in the driving seat and showing the way by actively supporting research to innovate a new eco-friendly beverage bottle with a cheaper price. In this connection, a few companies have agreed to create a 100% eco-friendly beverage bottle from green jute fiber.

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Drivers: Outstanding Expansion of Conscientious Population

Awareness regarding the environmental effect of packaging organic-jute products is increasing daily among consumers, and there is a great opportunity to replace eco-friendly products with packaging materials. Jute, hay, or other organic products may be the greatest alternative to polythene and are the main drivers for the development and use of these materials.  

For the time being awareness is increasing gradually which drives the manufacturers’ innovation in biodegradable packaging.  

Challenges: Acceleration of Investment in Non–Biodegradable, Recyclable Packaging Solutions are the Best

Recycling is one of the greatest challenges in the upcoming world since a large number of companies are focusing on recyclable and reusable packaging, and looking for those kinds of products like jute, bamboo, cane, hay, etc.. Hence, the recyclable or organic packing segment has captured almost 80% market share, in comparison to the 5% market share for organic products in 2017. In addition, the recyclable building is supposed to keep a critical lead in the forthcoming years.

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Scope of the Report

The biodegradable packaging market has been categorized into types of materials and their application at the grass root as well as global levels.

By Material Type (Sales/Revenue, USD Million, 2017–2027)

• Different types of Plastic for example starch-based on plastic, Polylactic Acid,  and Other Plastics.
• Several types of Paper: Several types of craft or art paper, Flexible paper, Corrugated Fiberboard, Boxboard, etc.

By Application (Sales/Revenue, USD Million, 2017–2027):

Packaging for food and Beverage, Pharmaceutical products, Personal care or Homecare Packaging, and Other applications.

By Region (Sales/Revenue, USD Million, 2017–2027): 

North American and South American countries such as the US, Canada, Mexico, Brazil, Argentina, Colombia, Peru, Rest of Latin America.

European Countries like Germany, Italy, France, the UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, and the Rest of Europe.

Asia Pacific Regional Countries China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific.

The Middle East & African Countries: Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA.     

                                                                                         

The paper segment by material type is projected to account for the largest market share

Based on the type and nature of raw materials the global eco-friendly packing market is segmented into plastic and paper, the paper segment has acquired the largest share more than 95% around the world as the biodegradable packing market in 2020. The demand for packaged and fast food has been increasing day by day in the world due to the wonderful development of retail infrastructures in emerging economies. Several types of paper packaging are acquiring popularity in many countries around the world because this is both eco-friendly and effective in respect of cost.   

Demand for flexible packaging in paper is growing day by day in the retail market for various products. The booming economy, increase in domestic consumption, and demographic factors including population growth, globalization, and urbanization are the core indicators of the macroeconomy. These retail trend indicators greatly affect the use of paper consumption and increase market expansion.

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Packing of different types of products:

Based on the region the global market of eco-friendly packaging has been segmented across Asia, Europe, North America, South America, Africa, Oceania, and the Middle East.

Asia Pacific took the highest place 7.7% of CAGR in the sustainable packaging product market, while it is estimated. In Asia, many countries including Australia, and Bangladesh Government have banned polybags in their countries, and the number of consumers around the world is increasing to use environment-friendly products for example jute, hay, cane etc.. Many companies are growing to work on these products and promote their products.

A survey report conducted by the China Chain Store Association was conducted on 5000 respondents and more than 70% of people expressed their opinion that they agree to pay an extra amount of money to save the environment. This survey expresses that, there is a big opportunity created for the producers. 

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Besides, Bangladesh is the fastest emerging country for jute products around the world, several types of jute goods have been produced in the country, and different types of industries relating to jute goods are growing in this country. Many entrepreneurs are investing in this sector to produce eco-friendly products like jute, bamboo, hay, for the industries which are helping to promote ecofriendly product packaging, simultaneously expanding the market. 

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