The expanding food and beverage (F&B) sector isone of the primary drivers of edible products market economic growth. As far as the packaging of products is concerned, companies can be seen using different materials, from paper to plastic, to ensure the proper presentation and safety from spillage.

With the decreasing availability of sufficient arable land and the rise in the consumption of agro-based products, the need for a sustainable footprint has increased. Plastic packaging may have substances such as phthalates, dioxins, and more.

Let's continue to read about the eco-friendly derivations of packaging and the need for the same.

An Introduction to Eco-Friendly Derivation

The continuous degradation of the environment has prompted businesses to give different thoughts to their method of working. Eco-friendly drives are now becoming a standard practice to aid our ailing planet, which was previously implemented by novel companies. It is a collective aim, and most businesses are doing their part.

The agricultural industry has been at the peak of attention in order to boost agriculture production and the economy of any country. Due to the exponential expansion of the world population, depletion of natural resources is occurring at a high pace.

The immense number of products paired with the deteriorating state of the Earth prompts the need to switch to sustainable packaging.

Sustainable Packaging and Its Need

Sustainability represents the dimension to sustain the health of populations, the economy, and the health of the planet in its most holistic form. Packing of the products specifically by using materials that lessen their environmental impact and increase ecological footprint refers to as sustainable packaging.

The UN 2030 sustainable development goals (SDG) provide one way to integrate food policy. The SDG comprises 17 goals, 169 targets, and 232 indicators agreed by national governments around the world.

Targeting affordable and clean energy, responsible food consumption, and production are several such SDGs that are relevant to the sustainable food packaging system and are designed to tackle hunger, good health, and well-being of every living entity on this planet.

Policies that refer to sustainability in terms of little or no damage to the environment are considered sustainable food system-relevant policies. With the entitlement of the forecast period, product innovation, such as UV blocking, NIR blocking, fluorescent, and ultra-thermic films, is anticipated to boost market expansion.

Due to growing awareness of environmental degradation, customers' attention is also sliding toward biodegradable films, which is a crucial motivator for this mature market.

In a report published by BIS Research, The global agricultural films market was valued at $11.38 billion in 2021 and is projected to reach $16.09 billion in 2027, following a CAGR of 5.94% during the forecast period 2022-2027. The growth in the global agricultural films market is expected to be driven by increasing demand for agricultural output and growing controlled agricultural practices.

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Why No Plastic Film Packaging?

Plastic films that are commonly used in food packaging contain Bisphenol A (BPA), which is a xenoestrogen, a chemical that mimics estrogen in the body and disrupts hormone function.

Moreover, 91% of plastic is non-recyclable, ending up either incinerated (contributing to air pollution) or in landfills, lakes, parks, and oceans.

Plastic is one of the most preferred materials in the industrial arena but poses a serious threat to the environment and mankind's health in many direct and indirect ways.

Increasing Competitive Landscape of the Sustainable Agricultural Films Industry

The competitive landscape for the global agricultural films market demonstrates a pattern toward the inclination of companies to adopt strategies such as mergers, collaborations, product launches, and contracts. This industry is extremely fragmented, along with a few well-established competitors, including several emerging players.

Before the arrival of the pandemic, there was an initial boost of interest in bio-based shrink films. With over six decades in the packaging industry, industrial packaging has learned a lot about agricultural films and why it is a better choice and would make more sense for specific packaging applications.

As the rapid population growth is fueling on demand for food, governments across global nations are focusing on sustainable agriculture production, being concerned with future agriculture needs. While plastic films can help improve agricultural efficiency and output, concerns about film waste and disposal are putting the industry under pressure and scrutiny.

Companies in the global agricultural films market are adopting knowledge-driven business strategies and technological innovations to beat the competition in the market. The adoption of business strategies helps the companies to be relevant in the market and to identify their growth opportunities.

Conclusion

Many manufacturers in the global agricultural film market are continuously investing in developing biodegradable or recyclable plastic film in their product portfolios. The companies are trying to gain a competitive advantage by implementing an efficient business strategy that ultimately helps them secure future profitability.

Therefore, the demand for biodegradable agricultural films or agricultural films made of recycled plastic materials is expected to increase during the forecast period.

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