Despite these challenges, the importance of biodegradable packaging in FMCG supply chains cannot be overstated. The global sustainable packaging market size was valued at $93.6 billion in 2021, and the sustainable packaging industry is projected to reach $190.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2031. This indicates a clear and growing commitment from businesses worldwide to integrate sustainable practices into their supply chains.
In conclusion, biodegradable packaging is much more than a trend; it’s a fundamental shift in how FMCG companies approach sustainability. With consumers demanding transparency and responsibility, governments enforcing stricter regulations, and environmental impacts being scrutinised more than ever, biodegradable packaging is a vital piece of the puzzle. While there are obstacles to overcome, the benefits of reducing waste, lowering carbon footprints, and building a more sustainable future make this an essential element in the evolution of FMCG supply chains. As businesses continue to navigate the complexities of sustainability, biodegradable packaging is poised to play a transformative role beyond the shelf.
