Loose fill packaging is important for safe shipping of packaged goods, as they fill empty spaces in the box and prevents products from damaging during transportation. There are various types of biodegradable loose fill packaging material available in the global market, such as starch and recycled papers
Biodegradable loose fill packaging is gaining popularity worldwide, owing to rising awareness regarding environmental concerns such as increasing pollution due to plastic waste. Manufacturing process of corn starch loose fill requires low energy and no chemical agents, thereby avoiding issues associated with harmful gas emissions. Thus, advantages of biodegradable loose fill packaging materials is one of the key factors, fuelling growth of the market.
Furthermore, rapid growth of packaging industry is anticipated to support the global biodegradable loose fill packaging market growth. For instance, according to data provided by Central Government of India, the packaging industry was pegged at US$ 25 Bn in 2016 and is expected to reach US$ 30 Bn by 2020, at a growth rate of 15% per annum. Thus, the overall growth of the packaging industry is expected to support the market growth of biodegradable loose fill packaging market as well.
Figure 1. Global Biodegradable Loose Fill Packaging Market Share (%), By Application, 2017
Source: Coherent Market Insights, 2017-18
Based on application, the market is segmented into consumer goods packaging, pharmaceutical packaging, cosmetics & personal care products packaging, and others (handicrafts, stationary, and office supplies). In 2017, consumer goods packaging segment was the largest segment in the market and is anticipated to maintain its dominance during the forecast period. This dominance is attributed to rising sales of consumer goods worldwide. According to the National Bureau of Statistics of China, in 2017, total retail sales of consumer goods in China reached 508.9 US$ Mn, which was 9.4% higher than the previous year.
Figure2. Global Biodegradable Loose Fill Packaging Market Share (%), by Region, 2016
Source: Coherent Market Insights, 2017-18
North America held dominant position in terms of revenue, in the global biodegradable loose fill packaging market in 2017 and represented a market share of 58.3%. Biodegradable loose fills are light weight, economical, odor free, and also it is more anti-static, when compared to polystyrene chips. Rising awareness regarding these factors coupled with the high internet penetration in the region is fuelling growth of the market.
For instance, high internet penetration and large number of smartphone users, is increasing the growth of e-retail sales, which in turn supports growth of the biodegradable loose fill packaging market as well. According to Central Intelligence Agency (CIA), in the U.S. around 246,809,221 internet users were recorded in July 2016. Shifting consumer preference from offline to online retail is expected to drive demand for various types of protective packaging including biodegradable loose fill packaging in the region.
Mergers & acquisitions, strategic business collaboration, and product development are the key business strategies adopted by key players to retain their market presence. For instance, in December 2015, Storopack Inc. announced a business deal with Sealed Air Corp. and CPI to enhance its existing business of biodegradable loose fill packaging in the U.S. and Canada.
Major players operating in the global biodegradable loose fill packaging market include Nefab Group, Alsamex Products Ltd. Sealed Air Corporation, Storopack Inc., Green Light Packaging Ltd., Foam Fabricators Inc., Ferrari Packaging Ltd., Menai Foam & Board Ltd., and ACH Foam Technologies.
Loose fill packaging materials offer cost-effective protection to lightweight products against vibration or shock during handling or shipping. This packaging material is flexible and therefore, fills the empty spaces in the outer packaging. It is most widely used to fill the empty space around the fragile goods in the cardboard boxes, in order to ensure safe delivery of products during shipping.
Furthermore, biodegradable loose fill, also known as peanuts, is majorly used in the protection of valuable items such as electronic components, fragile consumer products, and glass items. This packaging material has the ability to dissipate static charge and therefore, is used in the packaging of microchips and electronic products that are susceptible to damage due to static electricity.
Market Dynamics
Rising environmental concerns regarding plastic pollution is driving growth of the biodegradable loose fill packaging market. According to data provided by United Nations in 2015, plastic packaging waste accounted for 47% share in the global plastic waste generation. Rising awareness regarding these factors is fuelling demand for environment-friendly and sustainable packaging solution, which in turn will support growth of global biodegradable loose fill packaging market during the forecast period.
However, higher production cost of biodegradable loose fill’s material is restraining the market growth. The production cost of these materials is higher than conventional packing peanuts. Therefore, preference of consumers and suppliers shift towards low cost packaging materials over biodegradable packaging materials is expected to negatively impact the market growth over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the biodegradable loose fill packaging market, market size (US$ million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2025)
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
- It profiles leading players in the global biodegradable loose fill packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
- The global biodegradable loose fill packaging market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, new entrants, and financial analysts
- Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the biodegradable loose fill packaging market
Detailed Segmentation:
- Global Biodegradable Loose Fill Packaging Market, By Material:
- Starch
- Recycled Paper
- Others
- Global Biodegradable Loose Fill Packaging Market, By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Global Biodegradable Loose Fill Packaging Market, By Geography:
- North America
- U.S.
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Canada
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Europe
- U.K.
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Germany
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Italy
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- France
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Spain
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Russia
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Rest of Europe
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Asia Pacific
- China
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- India
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Japan
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- ASEAN
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Australia
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- South Korea
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Rest of Asia Pacific
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Latin America
- Brazil
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Mexico
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Argentina
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Rest of Latin America
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Africa
- Northern Africa
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Central Africa
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- South Africa
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Middle East
- GCC
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Israel
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Rest of Middle East
- By Material:
- Starch
- Recycled Paper
- Others
- By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
- Company Profiles
- Nefab Group*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Alsamex Products Ltd.
- Sealed Air Corporation
- Storopack Inc.
- Green Light Packaging Ltd.
- Foam Fabricators, Inc.
- Ferrari Packaging Ltd.
- Menai Foam & Board Ltd.
- ACH Foam Technologies
“*” marked represents similar segmentation in other categories in the respective section.
