Increasing Thrust on Plastic Ban Favors Growth of Global Ecological Packaging Market

The fact that plastic has a harmful effect on the environment has been proven time and again. It not only increases toxicity of the ecosystem, but also has harmful impact on life. Rising incidents of health hazards due to plastic pollution has forced policy makers across the globe to implement stringent regulations on the use of plastic.

Many countries have banned plastic paving way for environment-friendly packaging materials. This has favored the global ecological packaging market, boosting its growth in the last few years. A Transparency Market Research report states that the global ecological packaging market will grow at 6.2% CAGR from 2015 to 2021.

What are the leading applications of ecological packaging material driving its demand?

The ban on plastic has forced restaurants and food product manufacturers to switch to alternative serving and packaging materials. This combined with the growing population and increased per capita income has been propelling the global ecological packaging market. The growth of the online food portals has shot up the volumes of home delivery orders. This has fuelled the demand for ecological packaging materials.

Besides food, consumer goods and electronics manufacturers and suppliers also seek ecological packaging materials. The emerging online retail space has witnessed sale of consumer goods and electronics sky-rocket in the past few years. Another industry where ecological packaging materials find application is the packers and movers industry. People are migrating to new cities in search of livelihood and better jobs. This has maintained the momentum of the packers and movers industry, fostering growth in the global ecological packaging market.

What are the benefits of ecological packaging material?

Ecological packaging materials are made out of recyclable materials and are perfectly suitable for the environment. They take lesser time to degrade and do not have any harmful effects on the ecosystem. Paper-based materials are easy to print, thus allowing brands to innovate with their packaging. It also helps companies increase their brand value among consumers. Chemicals in the packaging material do not react with food, thus making it safe for packing. Further, their flexibility makes them suitable for packing electronics and other consumer goods, driving the global ecological packaging market.

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While most countries in North America and Europe have banned plastic use, developing nations in the Asia Pacific region are also adopting stringent regulations. India has been pushing for banning plastic across the country, and many cities have already implemented the norm. Recently, the Airports Authority of India (AAI) has banned the use of plastic on all airports across India, a noticeable trend in the global ecological packaging market.

How is the Global Ecological Packaging Market Distributed Geographically?

The growing population in developing nations like China, India, Malaysia, among others will make the Asia Pacific region the leader in the global ecological packaging market. Having implemented the use of ecological packaging materials long ago, North America and Europe will continue to remain significant for the global ecological packaging market.

Existing players in the market are sensing opportunities in new regions and are fast expanding. The introduction of cutting-edge printing technology has given room for creativity and has increased competition in the global ecological packaging market.