GLOBAL SOY-BASED PACKAGING MARKET

INTRODUCTION

 soybeans are crushed to extract the juice that is utilized to create bean curd and soy milk. A porridge-like residue is what is left, and it is typically discarded. it undergoes a fermenting process with the mushy remains. Microbes consume the nutrients, leaving cellulose, a type of fiber, behind.

Since a few years, cellulose-based plastic covers have been available on the market, but  the majority of them are created from wood or specially grown corn.  Soy-based packaging wrap, however, is more sustainable because it is manufactured from a waste product rather than competing with food crops for space.

With this method, it might be possible to reduce both the manufacturing of plastic and the quantity of food waste dumped in landfills.

Another difficulty is biodegradability. Only after prolonged exposure to temperatures above 50 degrees Celsius can some bioplastics completely degrade. There have been worries expressed that bioplastics can contribute to the plastic pollution issue if they are not disposed of in appropriate facilities.

GLOBAL SOY-BASED PACKAGING MARKET SIZE AND FORECAST

The Global Soy-based packaging market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Soy-based packaging, which can be discarded in a landfill or left in nature, is used to make the new packaging. It does not have a white coating that makes the paper difficult to decompose and is 100 percent biodegradable.

In addition, soybean oil, rather than petroleum, is used to make the ink used to print the messages on the packaging. This ink is more environmentally friendly and won't hurt plants or animals if the packaging is dropped into a river or the ocean.

Volatile Organic Compounds (VOCs), which lessen air pollution and make it simpler to recycle packaging and separate ink from printed matter, are also present in it. Even though the package is free of plastic, the product keeps its weight whether kept in a refrigerator or other high-temperature environment.

Beginning with three SKUs in the beverage line, including Singha Cancollar: size 320 ml., packed in 4 cans; size 320 ml., packed in 6 cans; and including Singha Basket, size 490 ml., packed in 4 cans, Singha introduces new packaging under the name "Singha Sustainable Pack" by switching from using Shrink Film to using 100% biodegradable  Soy-based packaging.

COMPANY PROFILE

• Toyo Ink LLC
• INX International Ink Co.
• Hubergroup
• Omya AG
• Sun Chemical

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Soy-based packaging are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Soy-based packaging and key vendor selection criteria
3. Where is the Soy-based packaging manufactured? What is the average margin per unit?
4. Market share of Global Soy-based packaging market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Soy-based packaging in-house
6. key predictions for next 5 years in Global Soy-based packaging market
7. Average B-2-B Soy-based packaging market price in all segments
8. Latest trends in Soy-based packaging market, by every market segment
9. The market size (both volume and value) of the Soy-based packaging market in 2023-2030 and every year in between?
10. Production breakup of Soy-based packaging market, by suppliers and their OEM relationship