Global Bioplastic Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global Bioplastic Packaging market in its upcoming report titled, “Global Bioplastic Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global bioplastic packaging market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bioplastic packaging market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
A bioplastic is a biodegradable group of polymers, which is manufactured using biodegradable feedstock in order to reduce problems caused by conventional plastics. Conventional plastics are harmful, owing to their impact on environment and wide dependence on oil and gas industry for raw materials such as naphtha. Conventional plastics are widely used for packaging of casings, electronics, and food products, which negatively affects environment and increases land and marine pollution.
Increasing adoption of bioplastic packaging solutions, owing to its various benefits such as environment friendliness and biodegradable nature is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing consumer preference towards eco-friendly products instead of synthetic derived chemicals products is another factor expected to fuel growth of the target market. Furthermore, increasing research and development activities and investment by beverage manufacturers such as The Coca Cola Company and PepsiCo, which is another factor expected to boost growth of this market in the near future. Moreover, stringent government policies against the consumption of non-recyclable plastics are another factors expected to propel growth of the target market over the forecast period. For instance, in 2008, the government in China launched a policy to ban plastic bags and increase focus on bioplastic products for packaging.
However, high costs of biodegradable packaging as compared to conventional plastic is a key factor expected to restrain growth of the global market in the near future.
Ongoing trend observed in the target market is increasing consumer preference towards organic and natural materials and this trend is expected to continue over the forecast period.
The market in Europe followed by North America is expected to dominate the global market in terms of revenue over the forecast period, owing to stringent government regulations against the consumption of non-recyclable plastics and increasing awareness about sustainable packaging in manufacturing industry in various countries in this region. In addition, the market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to growing packaging industry in various countries such as India and China. Furthermore, China launched a policy to increase manufacturers focus on bioplastic products for packaging.
Global bioplastic packaging market segmentation:
Segmentation by product type:
- Bio-Polyethylene terephthalate (PET)
- Polylactic acid (PLA)
- Polyhydroxyalkanoates (PHA)
- Other (bio-PP, Polybutyrate (PBAT), Polybutylene succinate (PBS), Starch blends, etc.)
Segmentation by application:
- Food & beverages
- Consumer Goods
- Industrial Goods
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amcor Limited
- Metabolix, Inc.
- The Dow Chemical Company
- Novamont S.p.A
- NatureWorks, LLC
- Innovia Films Limited
- Braskem S.A
- BASF SE
- Arkema S.A.
- FKuR Kunststoff GmbH
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