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Bioplastic Packaging Market Analysis and Growth Examined in New Market Research Report with Top Companies – Evonik Industries AG, Koninklijke DSM N.V., NatureWorks LLC, Novamont S.p.A.

The growth in the Asia Pacific region is highly attributed to factors such as banning the usage of plastic bags in 2009 and 2011. Other countries in the region that have taxes or bans in place include Cambodia, Bangladesh, Hong Kong, Indonesia, India, Taiwan, and Malaysia among others.

The global Bioplastic Packaging market accounted for US$ 4,399.7 Mn in 2017 and is expected to grow at a CAGR of 24.4% during the forecast period 2018 – 2025, to account for US$ 25,395.8 Mn in 2025.

The global Bioplastic Packaging Market is experiencing a high growth owing to 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. Moreover, the development of new technology and processes and the emergence of novel bioplastic materials are expected to the market growth during the forecast period. Bioplastics are influencing the plastic industry with innovation for more sustainability, functionality, and efficiency. Currently, bioplastic alternatives are available for almost all the conventional plastic material and respective applications which is driving the bioplastic packaging industry.

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The growth in the Asia Pacific region is highly attributed to factors such as banning the usage of plastic bags in 2009 and 2011. Other countries in the region that have taxes or bans in place include Cambodia, Bangladesh, Hong Kong, Indonesia, India, Taiwan, and Malaysia among others.

Company Profiles

  • Braskem S.A.
  • Arkema Group
  • The Dow Chemical Company
  • BASF SE
  • Cardia Bioplastics
  • Corbion N.V.
  • Evonik Industries AG
  • Koninklijke DSM N.V.
  • NatureWorks LLC
  • Novamont S.p.A.

The global bioplastic packaging market has been segmented based on end-user, i.e., blends, polylactic acid, polyethylene terephthalate, polyhydroxyalkanoates, polyethylene, and others. The physical, as well as chemical properties of bioplastic materials, differs from each other based on flexibility, durability, water and heat resistance, and biodegradability among others. Appropriate selection of material is thus significant for the manufacturing companies to compete effectively by attaining consumer satisfaction, sustainability, and meeting stringent government regulations. This bioplastic is used in a range of packaging application.

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Key findings of the study:

Europe is anticipated to account the largest market share of bioplastic packaging market and is expected to register a CAGR of 23.5%

Based on the packaging type, the flexible packaging segment is expected to witness high year on year growth during the forecast period

Countries such as China, Japan, and ASEAN countries are witnessing high demand for bioplastic packaging due to the increasing government initiatives to ban plastics.

North America accounts for the second largest market share of bioplastic packaging market. In April 2018, the Governor of New York introduced a bill to ban single-use plastic bags in retail and grocery stores by next year. Several cities in the U.S., have banned the use of plastic bags including, Chicago Seattle, Boston, Los Angeles, Austin, and San Francisco. Also, few cities such as Washington, Brownsville, and Portland have imposed fees on plastic bags.

BIOPLASTIC PACKAGING – MARKET SEGMENTATION

By Product

  • Starch Blends
  • Polylactic Acid
  • Polyethylene Terephthalate
  • Polyhydroxyalkanoates
  • Polyethylene

By Type

  • Rigid Packaging
  • Flexible Packaging

By Application

  • Food & Beverages
  • Consumer Goods
  • Cosmetic & Personal Care
  • Pharmaceutical

By Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • South America (SAM)

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Tags: Bioplastic Packaging, Bioplastic Packaging Market, Bioplastic Packaging Market Analysis, Bioplastic Packaging Market Trend

See Campaign: https://www.theinsightpartners.com/reports/bioplastic-packaging-market
Contact Information:
Contact us The Insight partners, Phone: +1-646-491-9876 Email:
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Bioplastic Packaging Market Analysis and Growth Examined in New Market Research Report with Top Companies – Evonik Industries AG, Koninklijke DSM N.V., NatureWorks LLC, Novamont S.p.A.

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