Biodegradable Packaging Market To Gain Substantial Traction Through 2030
Biodegradable packaging offers a natural protection, when utilised primarily for packaging and presentation of the products. Over the past few years, consumers have been gradually shifting their preferences from conventional packaging to biodegradable packaging, on the back of environmental concerns. Biodegradable packaging undergoes degradation easily, without the requirement for external catalyst. Leading manufacturers of biodegradable packaging products are concentrating on development of new technologies for extraction of biodegradable packaging materials from various natural resources. Huge investments are being made by the manufacturers in research and development activities, in a bid to develop innovative products and gain a competitive edge in the global biodegradable packaging market.