Packaging Industry Today
Bioplastic Packaging Market Growth By Application, Technology Service, Industry Vertical and Top Players like NatureWorks, Arkema, Novamont S.p.A., BASF SE, Braskem, Corbion, Cardia Bioplastic Packaging, Evonik Industries, Koninklijke DSM
Bioplastic Packaging market is expected to grow US$ 25,395.8 million by 2025 from US$ 4,399.7 million in 2017. By volume, the global bioplastic packaging is expected to reach 3,953.0 thousand tons by 2025.
Published 06 December 2018
The demand for bioplastic packaging is largely influenced by a number of factors mainly due to increasing awareness among customers about the adverse impact of conventional plastics, rising government support for the incorporation of bioplastic in packaging, and surge in need for sustainable packaging solution. Today, customers are more aware about the adverse impact of conversional plastic on their lifestyle. Thus, consumers are demanding for more environmentally friendly products which decrease the usage of petroleum and natural gas, thereby, reduce the carbon footprints. bioplastic is an alternative for nearly every conventional plastic material in diverse applications. Bioplastics offer innovative solutions with enhanced properties along with distinctive ability to reduce emissions and provide same qualities and functionalities as that of conventional plastic.
Get PDF Brochure of this Report @ https://www.theinsightpartners.com/sample/TIPTE100001366
It is noted during the last few years that, conventional plastic packaging has adversely impacted to world’s water resources on a large scale. Thus, there is an increased inclination of industry players to replace conventional fossil-based plastic with plastic derived from biomass or other biodegradable resources. Bioplastics are manufactured using bio-based polymers derived majorly derived from plant based resources, along with animals or microbes. Moreover, customers are more aware about the adverse impact of conversional plastic on their lifestyle and environment. Thus, consumers are demanding for more environmentally friendly products which decrease the usage of petroleum and natural gas, thereby, reduce the carbon footprints.
Increasing awareness among customers about the adverse impact of conventional plastics, surge in need for sustainable packaging solution, and rising government support for the incorporation of bioplastic in packaging are few of the factors driving the global bioplastic packaging market. Currently, bioplastic is an alternative for nearly every conventional plastic material in diverse applications. Bioplastics offer innovative solutions with enhanced properties along with distinctive ability to reduce emissions and provide same qualities and functionalities as that of conventional plastic. However, relatively high cost associated with the use of bioplastic packaging materials may restrain the global market growth. Development of new technology and processes for the production of bioplastic material and the emergence of novel bioplastics are expected to deliver remarkable growth opportunities to the market players.
The report segments the global bioplastic packaging market as follows:
Global Bioplastic Packaging Market– By Product
Starch Blends
Polylactic Acid
Polyethylene Terephthalate
Polyhydroxyalkanoates
Polyethylene
Others
Global Bioplastic Packaging Market– By Type
Rigid Packaging
Flexible Packaging
Global Bioplastic Packaging Market– By Application
Food & Beverages
Consumer Goods
Cosmetic & Personal Care
Pharmaceutical
Others
The global bioplastic packaging market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Market is currently dominated by Europe and North America, however, the market is expected to be in favor of Asia-Pacific, owing to the governments of several economies in the region have started taken initiatives for reducing the impact of plastic waste and are emphasizing the use of biodegradable and recyclable plastic. Few of the key players profiled in the report are NatureWorks LLC, Arkema, Novamont S.p.A., BASF SE, Braskem, Corbion N.V., Cardia Bioplastic Packaging, Evonik Industries AG, Koninklijke DSM N.V., and Dow Chemical Company among others.
Buy this Report @ https://www.theinsightpartners.com/buy/TIPTE100001366
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com
Share on Social Media
Contact Information
Sameer Joshi
ReportsWeb
Hadapsar
Pune
411028
+91-20-67278686
http://www.reportsweb.com/
Other Industry News
Ready to start publishing
Sign Up today!
