Disappearing packaging refers to packaging solutions
that eliminate the need for separate packaging disposal. It involves materials
and products that fully disintegrate or decompose upon exposure to heat, light,
moisture or microbial activity within a defined period of time. Disappearing
packaging solutions include edible wrappers, biodegradable films and coatings
that disappear when placed in natural environments. The need for disappearing
packaging has increased owing to rising environmental concerns regarding
plastic pollution. Disappearing packaging finds applications in confectionery,
food & beverage, pharmaceutical and cosmetic industries. It provides
convenience by eliminating the need for separate packaging disposal.
The
global disappearing packaging market is estimated to be valued at US$ 4.26 Bn
in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024
to 2031.
Key Takeaways
Key players operating in the disappearing packaging market are Kuraray Co.
Ltd., Aicello Corporation, Aquapak Polymer Ltd, Lactips, Notpla Ltd, GM
Packaging, Lithey, Mondi Group, The Mend Packaging, and Reckitt.
The key opportunities in the
Disappearing
Packaging Market Growth include
developing multi-functional and customized solutions catering to
industry-specific requirements. The growing focus toward sustainability is
prompting industries to adopt biodegradable packaging, generating demand.
The market is witnessing increasing expansion activities by major players.
Companies are focusing on expanding their production facilities and product
portfolios through collaborations to cater to the growing demand globally. For
instance, in 2021, Notpla expanded its operations to North America by opening
an R&D and production facility in Boston.
Market drivers: Increasing consumer
awareness regarding environmental protection is driving the demand for
sustainable packaging solutions. Stringent government regulations restricting
single-use plastics are also propelling the adoption of disappearing packaging.
Market restraints: High costs
associated with biodegradable materials compared to conventional plastics may
limit widespread adoption. Issues regarding slow degradation rates of some
biodegradable materials in certain conditions act as a challenge.
Segment
Analysis
The dissolvable packaging market can be segmented into
soluble packaging and edible packaging. The edible packaging segment dominates
currently due to growing demand for eco-friendly packaging from food &
beverage industry. Edible films and coatings made from organic materials
provide freshness and protection to food items while being tree-free.
Global Analysis
Regionally, North America accounts for the largest share currently due to
stringent regulations promoting sustainable alternatives. However, Asia Pacific
is projected to witness highest growth during the forecast period. Rapid
industrialization and growing environmental awareness in countries like China
and India are driving demand in the region. Additionally, strong presence of
food & pharma companies adopting green packaging offers opportunities. Key
players are expanding their product offerings to suit regional requirements to
leverage growth prospects across major markets.
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more insights on Disappearing
Packaging Market
About Author:
Ravina Pandya, Content Writer, has a strong foothold
in the market research industry. She specializes in writing well-researched
articles from different industries, including food and beverages, information
and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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