Plastic Free Smart Food Packaging Market Report

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PLASTIC FREE SMART FOOD PACKAGING MARKET REPORT
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INTRODUCTION
Packaging of food and beverage products is the
most integral part of the industry. To meet the
growing requirement from food industry, adoption
of smart packaging can enhance the safety of food
in a sustainable way. Plastic has dominated the
packaging industry since ages. However, large
consumption of plastic makes up an extensive part
of the worlds consumption. It is altering
natural habitats and processes. Thus, rising
awareness regarding the plastic pollution is
driving the adoption of alternative and smart
solutions in food packaging industry.
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KEY INSIGHTS
MARKET SIZE 7.28 Bn
2022
FORECAST 13.59 Bn
2030
2023- 2030
CAGR 8.6
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REVENUE MARKET SHARE BY SEGMENTS 2022
Paper and Paperboard37.2
Recyclable 34.9
Active Packaging41.3
Food72.6
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GLOBAL PLASTIC FREE SMART FOOD PACKAGING MARKET
REVENUE SHARE FOR 2022
EUROPE 35.2
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Intensifying concern in association with plastic
waste generation is driving the growth of plastic
free smart food packaging market
Drivers
Requirement of proper management can limit the
growth of market. However, increasing awareness
and strong communication through packaging may
surge the adoption of plastic free smart
packaging option
Restraints
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AUTHOR'S PERSPECTIVE

• Use of biodegradable and renewable materials as
  an alternative to plastic is rising all across
  the globe with an aim to protect the environment.

• Thus, bioplastics are gaining wide acceptance in
  food and beverage packaging sector.

• Bioplastics are the materials that are either
  biobased or are either biobased.

• Recycling process of packaging reduces carbon
  footprints and it also uses less energy.

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KEY INSIGHTS
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