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.
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