Originally published August, 2007
Most of our food comes from Nature, and in the future, more of its packaging is likely to be biobased, as well. Currently, biodegradable packaging is a niche market, about one to two percent
of the food packaging segment, which accounts for about 40 percent of the $460 billion global
packaging industry. Currently, only a few companies are producing biodegradable packaging
materials on a large enough scale to be commercially successful. According to one estimate,
biodegradable packaging will see 20 percent annual growth between 2005 and 2010. Even so, it
will continue to be only a small fraction of the overall food packaging market.
The primary factors driving development of the biodegradable packaging market include the
increase in crude oil prices, which has narrowed the price differential; consumer demand; the
proliferation of convenience packaging; development of new applications for bioplastics;
increased economic viability as production ramps up and unit costs decrease, and development of the composting infrastructure for optimal disposal of bioplastic products.
- 59Issue: The Director of R&D at a world-wide manufacturing company was deciding whether to acquire the rights to distribute a coating nanotechnology process for food contact surfaces. The company enlisted Nerac’s help to vet the technology and the potential market opportunities. Analyst Approach: The Nerac team compared the nanotechnology process in question to other similar…
- 49By Sarah Williams, Nerac Analyst, Originally Published: February 3rd, 2015 CNBC article: http://www.cnbc.com/id/102381247# Report: http://www.nrdc.org/business/files/consumer-goods-packaging-report.pdf Infographic: http://www.nrdc.org/business/files/consumer-goods-packaging-info.pdf A report just released by the Natural Resources Defense Council and As You Sow calls out best practices, issues, and opportunities for growth in sustainable packaging for the fast food, beverage, and consumer goods/grocery segments. In particular, they…
- 45Issue: A Lead Development Engineer at a water treatment company needed assistance on whether or not to initiate internal R&D on a potentially emerging application of UV LED technology. Analyst Approach: Nerac analysts reviewed patented technologies, identified key industrial and academic players who are developing this new LED technology, and highlighted the key issues/barriers for…