Global Bioplastics Packaging Market, By Product (Bio-PET, PLA & PLA Blends, Starch Blends, Bio-PP, Bio-PA, TPS, PHA, Bio-PE, PBS, Aliphati & Aromatic Polyesters, Cellulose, Molded Fiber, AAC, WSP, Others), Application Type (Bottles, Pouch & Sachet, Trays, Clamshells, Cups, Films, Bags, Others), Extraction Technology (Injection Molding, Biomass, Pelletizing, Non-Biodegradable Bio-Derived Thermoplastics, Petrochemical Synthesization, Bio-Derived Monomers Synthesization, Natural or GMO, Others), End-Users (Food & Beverages, Consumer Goods, Pharmaceuticals, Industrial Goods, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bioplastics Packaging Market
The bioplastics packaging market will grow at a rate of 14.88% for the forecast period of 2021 to 2028. Rise in the concerns and regulations regarding the usage of plastics from the various authorities is an essential factor driving the bioplastics packaging market.
Bioplastics are a special category of plastic which are sourced or created from renewable biodegradable products, such as oils, cellulose, starch, fats, straws, alcohols, acid among others. They are degradable, and are already in consumption from different industrial verticals such as consumer goods, pharmaceutical and food & beverages market.
Rising shift in consumer preference toward recyclable and eco-friendly materials is the major factor escalating the market growth, also increasing downsizing of packaging, increasing breakthrough in new technologies and innovations, rise in non-biodegradable materials, rise in public awareness about the environmental health like soil pollution, rising awareness regarding the detrimental impact of plastics and increase in consumer demand for the use of green packaging for organic food are the major factors among others propelling the growth of bioplastics packaging market. Moreover, rising modernization and technological advancements in the packaging industry and rising growth of the e-commerce industry will further create new opportunities for the bioplastics packaging market in the in the forecast period of 2021- 2028.
However, rising poor infrastructure facilities for recycling, increasing lack of awareness about the importance of sustainability in some emerging economies and rising packaging shifting toward non-plastic solutions are the major factors among others restraining the market growth, while rising fluctuations in raw material prices will further challenge the growth of bioplastics packaging market.
This bioplastics packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the bioplastics packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bioplastics Packaging Market Scope and Market Size
The bioplastics packaging market is segmented on the basis of product, application type, extraction technology, and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the bioplastics packaging market has been segmented into Bio-PET, PLA & PLA blends, starch blends, bio-PP, bio-PA, TPS, PHA, Bio-PE, PBS, aliphati & aromatic polyesters, cellulose, molded fiber, AAC, WSP and others. Others have been further segmented into PCL (polycaprolactone) and PBAT (polybutylene adipate terephthalate).
- On the basis of application type, the bioplastics packaging market has been segmented into bottles, pouch & sachet, trays, clamshells, cups, films, bags and others.
- On the basis of extraction technology, the bioplastics packaging market has been segmented into injection molding, biomass, pelletizing, non-biodegradable bio-derived thermoplastics, petrochemical synthesization, bio-derived monomers synthesization, natural or GMO and others.
- The bioplastics packaging market has also been segmented on the basis of end-users into food & beverages, consumer goods, pharmaceuticals, industrial goods and others.
Bioplastics Packaging Market Country Level Analysis
The bioplastics packaging market is analysed and market size, volume information is provided by product, application type, extraction technology, and end-user as referenced above.
The countries covered in the bioplastics packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates bioplastics packaging market due to rise in the stringent regulations against consumption of non-recyclable plastics along with gaining popularity of sustainable packaging in manufacturing industry in this region. Asia-Pacific is the expected region in terms of growth in bioplastics packaging market due to growing packaging industry, increasing downsizing of packaging, increasing breakthrough in new technologies and innovations and rise in non-biodegradable materials in this region.
The country section of the bioplastics packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bioplastics Packaging Market Share Analysis
The bioplastics packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bioplastics packaging market.
The major players covered in the bioplastics packaging market report are Amcor plc, Bemis Company Inc., Tetra Laval International SA., Mondi, WestRock Company, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air, Huhtamaki, Gerresheimer AG, BALL CORPORATION, Ardagh Group S.A., Crown Holdings, DS Smith, International Paper, Berry Global Inc., Reynolds, Genpack LLC, DuPont, Uflex Ltd. and Evergreen Packaging LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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