Increased tendency of the population towards environmental protection, stringent government regulations and technological advancements in the industry for manufacturing of packaging using non-petroleum products are driving the market for eco-friendly food packaging.
According to MarketsandMarkets.com, the global eco-friendly food packaging market was estimated to be valued at USD 174.7 billion in late 2020 and is projected to reach USD 249.5 billion by 2025, recording a CAGR of 7.4%, in terms of value. Europe is expecting to hold the largest market share in 2021.
Combined with the low availability of food containers from XPS/EPS, natural fiber packaging, saw a significant surge month-over-month last year.
The BFG team recorded a 400% increase in orders for natural fiber packaging between January 2020 and December 2020, with staggering figures for Q4 (October 2020 – December 2020), as compared to Q3 (July 2020 – September 2020) – a +200% increase in demand for those bio based & biodegradable products.
Companies that switched from XPS/EPS packaging to natural packaging found that the latter are just as reliable in terms of quality, convenient and delivered faster than regular XPS/EPS plastic food containers.
To some up, here are some of the main business benefits deriving from the usage of natural fiber containers:
- Good consumer perception of your brand and business
- Opportunity for brand positioning in specific markets
- Potential for increased sales amongst certain demographics
- Enhanced customer satisfaction through easier disposal/recycling of packaging
- Possible savings in storage/warehouse requirement through minimized materials/volume