Colombia Biodegradable Packaging Market Overview, 2028

Colombia, a country known for its diverse landscapes, rich culture, and thriving economy, is increasingly focused on environmental protection and sustainability. The biodegradable packaging business is one particular area in which Colombia is making great gains. This industry represents the intersection of economic progress, environmental awareness, and innovation. Colombia's biodegradable packaging industry is on the rise, owing to the country's dedication to sustainability and the global paradigm shift toward eco-friendly alternatives. The Colombian government has implemented rules and regulations to promote the use of environmentally friendly and biodegradable materials. This involves supporting environmentally friendly activities, decreasing plastic waste, and fostering an atmosphere conducive to the biodegradable packaging business. Colombia's varied climate and fertile soil make it an abundant source of agricultural raw materials for biodegradable packaging. Materials such as sugarcane bagasse, corn-starch, and coffee husks are suitable feedstock’s for biodegradable polymers and materials. Biodegradable packaging is not confined to a single business in Colombia; it is used in a variety of industries, including agriculture, food and drinks, personal care, and hospitality. Colombia's burgeoning tourism business is increasingly using biodegradable packaging for its diverse offers. This demonstrates the country's commitment to providing sustainable and environmentally friendly tourism experiences. Colombia's export-oriented industries often include bilingual or multilingual packaging. Biodegradable packaging can cater to these requirements, reflecting the country's international trade orientation. Colombia is actively working on improving its waste management and recycling infrastructure, ensuring that it can accommodate the specific disposal needs of biodegradable packaging materials. According to the research report "Colombia Biodegradable Packaging Market Overview, 2028," published by Bonafide Research, the Colombia Biodegradable Packaging market was valued more than USD 500 Million in 2022. The development of sophisticated bioplastics is an important technical trend in Colombia. These biodegradable plastics are made from renewable resources such as corn starch, sugarcane starch, and potato starch. They are not only biodegradable, but they also have improved performance properties, making them appropriate for a wide range of applications. These advancements are critical in ensuring that biodegradable packaging fits the functional requirements of various businesses, ranging from food and beverages to personal care and medicines. The barrier qualities of biodegradable packaging materials are being improved using nanotechnology. This approach enables the development of nanocomposites with enhanced resistance to moisture, oxygen, and other environmental conditions. These sophisticated materials increase the shelf life of packaged items, particularly those in the food and beverage industries, decreasing food waste and ensuring product quality. Colombian technological advancements also include the incorporation of smart packaging solutions. Sensors, QR codes, and RFID tags implanted in biodegradable packaging provide real-time information on product freshness, legitimacy, and origin. This innovation not only increases consumer trust, but it also helps with supply chain management, traceability, and product safety. Bio-based inks and colors are being developed to supplement biodegradable packaging. These environmentally friendly printing solutions ensure that the entire packaging, including labels and artwork, adheres to sustainable norms. They are biodegradable and do not release toxic chemicals into the environment.

Based on material type market is divided into paper, plastic and bagasse. Paper type material is expected to lead the market of Colombia with significant market share. Colombia is plentiful in renewable resources, notably forests, which provide a long-term and abundant source of raw materials for paper manufacture. The availability of these resources provides a steady supply of biodegradable packaging materials made from paper. Colombia has well-established paper-based packaging material manufacturing facilities. This indigenous manufacturing capacity provides a consistent supply while also supporting domestic businesses and employment. The Colombian government has implemented rules and incentives to encourage the use of sustainable packaging materials, such as paper-based alternatives. These encouraging regulations foster the development of paper-based biodegradable packaging. Furthermore based on paper material market include corrugated fiberboard, kraft paper, paperboard, flexible paper, boxboard and others (greaseproof paper, corrugated bubblewrap). Boxboard paper type is predicted to grow significantly in Colombia biodegradable packaging market. Boxboard paper offers strength and durability, making it suitable for packaging products that require protection and preservation. This is particularly important in the food industry, where packaging must ensure product freshness and quality. Boxboard paper packaging is well-accepted by consumers who appreciate its tactile and visual appeal. Packaging aesthetics play a significant role in consumer purchasing decisions. Boxboard paper-based packaging materials are designed to break down naturally, reducing plastic pollution and waste. They are biodegradable and compostable, contributing to responsible waste management practices. Based on plastic material market is segmented into cellulose-based plastics, polylactic acid (PLA), starch based, poly-3-hydroxybutyrate (PHB), polyhydroxyalkanoates (PHA) and others (protein-based bioplastics, genetically modified bioplastics). Polyhydroxyalkanoates (PHA) plastic is gaining significant popularity in Colombia biodegradable packaging market. PHA polymers are biodegradable by nature, decomposing into environmentally safe components when exposed to natural circumstances. This is consistent with Colombia's aim to eliminate plastic pollution and develop environmentally sound waste management techniques. PHA plastics are easily customizable in terms of size, shape, and printing, enabling businesses to develop packaging solutions that are consistent with their branding and product specifications. Colombia is now conducting research and development to improve the characteristics and performance of PHA plastics, making them more competitive and better suitable for specific packaging applications. PHA plastics are derived from renewable resources, such as plant-based feedstock’s and microorganisms. Colombia's rich agricultural sector and biodiversity provide a sustainable source of these raw materials, ensuring a reliable supply for PHA production. Based on application market is segmented into food packaging, beverage packaging, personal/homecare packaging, healthcare/pharmaceutical, logistic and others (agriculture). Biodegradable packaging in healthcare/ pharmaceutical application is growing at rapid pace in Colombia. Colombia's healthcare and pharmaceutical businesses are subject to severe packaging and safety rules. When created and tested properly, biodegradable packaging materials can comply with these laws, making them a viable option for businesses. Biodegradable packaging in healthcare and pharmaceuticals aids in waste reduction. This is especially relevant in the medical field, since single-use equipment is commonly used. Biodegradable packaging has the potential to reduce the environmental impact of medical waste. Biodegradable packaging materials can be tailored to fit the specific needs of pharmaceutical items, such as size, shape, and printing. Customization enables firms to create packaging that is consistent with their brand and product specifications. Based on distribution channel market include, wholesaler, retailers and others. Among them majority of the biodegradable packaging products are distributed through wholesaler and it accounts for significant market share in Colombia.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Colombia Biodegradable Packaging market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Material Type: • Paper • Plastic • Bagasse

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By Paper: • Corrugated Fiberboard • Kraft Paper • Paperboard • Flexible Paper • Boxboard • Others (Greaseproof paper, Corrugated BubbleWrap) By Plastic: • Cellulose-based plastics • Polylactic acid (PLA) • Starch Based • Poly-3-Hydroxybutyrate (PHB) • Polyhydroxyalkanoates (PHA) • Others (protein-based bioplastics, genetically modified bioplastics) By Application: • Food Packaging • Beverage Packaging • Personal/Homecare Packaging • Healthcare/Pharmaceutical • Logistic • Others (Agriculture) By Distribution Channel: • Wholesalers • Retailers • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Biodegradable Packaging industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.