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The Biodegradable Loose Fills Market is anticipated to showcase tremendous demand during the forecast period owing to it’s increasing use in various applications such as Electronics, Handicraft Supplies, Stationery & Office Supplies, Cosmetics & Personal Care, Automobile, and Others.
The biodegradable loose packaging is used to protect a particular product while shipping. Traditionally, polythene loose-filled was used. However, due to increasing environmental awareness, many companies have begun using biodegradable loose fills. This biodegradable loose packaging is not a threat to the environment, as it is made from biodegradable products such as wheat and corn starch and is 100% biodegradable.
Biodegradable loose packaging is shockproof, durable, lightweight, and cost-effective. Due to these qualities, it is generally preferred to fill up space around fragile products.
Segment Analysis:
The biodegradable loose fills market is segmented on the basis of starch used into wheat starch, corn starch, and others. These loose fills are not only anti-static and lightweight but also odor-free, which makes them a preferable alternative for polythene fills, as they do not decompose when exposed to sunlight.
Among all regions, North America has seen a surge in the use of biodegradable loose fills and is thus, leading the market.
However, these biodegradable loose fills are expensive when compared to polythene loose fills, which can have a negative impact on market growth.
Key Factors Impacting Market Growth:
Regional Analysis:
The biodegradable loose packaging market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for the biodegradable loose packaging market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is key to the growth of the biodegradable loose packaging market in this region. In addition to this development of cold chain systems to cater perishable goods and government regulations on packaging waste disposal is also governing the demand for biodegradable loose packaging market in this region. Major industry applications in these regions are electronics, handicraft supplies, stationery & office supplies, cosmetics & personal care, automobile, and others. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for biodegradable loose packaging market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Foam Fabricators Inc., Storopack Hans Reichenecker GmbH, Heritage Pioneer Corporate Group, Void Fill Packaging, ACH Foam Technologies, Puffy Stuff Inc., and FP International
Market Segmentation:
By Starch Used:
By Application:
By Region:
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