The global demand for Biodegradable Packing Peanut Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Packing peanuts, also known as foam popcorns, are commonly used as loose-fill packaging and cushioning material, preventing damage to fragile things during shipping. They get their name as packing peanuts because of its striking resemblance with unshelled peanuts in terms of size and shape. Derived from crop-based sources, i.e. wheat and cornstarch, the biodegradable packing peanuts are an eco-friendly alternative to toxic petroleum-based polystyrene. The biodegradable peanuts are safe pets if ingested accidentally. These are water dissolvable and can be hurled into compost piles after a single-use. In contrast to petroleum-based foam popcorn, the biodegradable ones do not have an electrostatic charge.
The global eCommerce sector is growing exponentially, which means more packing and shipments. The spur in the use of protective packing, because of the premium and fragile products being foraged into the logistics loops, results in the growth of the biodegradable peanut market. Nowadays every business is driven by sustainable measures, thus biodegradable packing peanuts market is foreseen to expand. Many economies are aiming to put a ban on the use of single-use plastics, this factor is expected to fuel the global revenues of crop-based packing peanuts. In contrast to conventional expanded polystyrene foam, the crop-based packing peanuts are dust-prone and have a higher weight, which implies higher shipping costs. This factor can condense the use of biodegradable packing peanuts in the Transportation sector.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of biodegradable packing peanut.
The entire biodegradable packing peanut market has been sub-categorized into type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Whеаt Ѕtаrсh
- Соrn Ѕtаrсh
- Еlесtrісаl & Еlесtrоnіс
- Аrt & Кrаft
This section covers regional segmentation which accentuates on current and future demand for biodegradable packing peanut market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Biodegradable Packing Peanut Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the biodegradable packing peanut market include Fоаm Fаbrісаtоrѕ Іnс., Ѕtоrорасk Наnѕ Rеісhеnесkеr GmbН, Неrіtаgе Ріоnееr Соrроrаtе Grоuр, Vоіd Fіll Расkаgіng, АСН Fоаm Тесhnоlоgіеѕ, Рuffу Ѕtuff Іnс., FР Іntеrnаtіоnаl. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.