Global Renewable Plastic Packaging Market, By Material (Polyethylene Terephthalate (PET), Polyethylene (PE), Starch Blends, Polylactic Acid (PLA), Polybutyrate Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Others), Product (Biodegradable, Bio-Based), Packaging (Rigid Packaging, Flexible Packaging, Industrial Packaging), Packaging Format (Primary, Secondary, Tertiary), Process (Recyclable, Reusable, Biodegradable), End Use Sector (Food and Beverages, Personal Care, Healthcare, Other End-Use Sectors), 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 Renewable Plastic Packaging Market
Renewable plastic packaging market will expect to grow at a rate of 5.60% for the forecast period of 2021 to 2028. Renewable plastic packaging market report analyses the growth, which is currently being growing due to the increasing adoption of renewable plastic among the consumers.
Renewable plastics are plastics that are produced from materials that are renewable or reproducible, such as products based on plants. In the manufacture of plastic materials, green plastics such as starch, cellulose, lactic acid, sugar, isosorbide and sebacic acid are used. Renewable plastics are of major importance because they can be quickly composted, while retaining the same flexibility as conventional plastics.
The growing number of government initiatives towards renewable packaging, shift in consumer preference toward recyclable and eco-friendly materials, growing number of innovations along with downsizing of packaging, strict government guidelines against non-recyclable plastics consumption, reduction in carbon emission along with lesser energy consumption, availability of recyclable material are some of the major as well as vital factors which will likely to augment the growth of the renewable plastic packaging market in the projected timeframe of 2021-2028. On the other hand, rising growth of the e-commerce industry across the globe along with advancement in technology which will further contribute by generating massive opportunities that will lead to the growth of the renewable plastic packaging market in the above mentioned projected timeframe.
Lack of awareness about the importance of sustainability along with poor infrastructure facilities for recycling which will likely to act as market restraints factor for the growth of the renewable plastic packaging in the above mentioned projected timeframe. Volatility in the prices of raw material along with packaging shifting towards non-plastic solutions which will become the biggest and foremost challenge for the growth of the market.
This renewable plastic 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 renewable plastic 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.
Global Renewable Plastic Packaging Market Scope and Market Size
Renewable plastic packaging market is segmented on the basis of material, product, packaging format, process, end use sector and packaging. 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.
- On the basis of material, the renewable plastic packaging market is segmented into polyethylene terephthalate (PET), polyethylene (PE), starch blends, polylactic acid (PLA), polybutyrate adipate terephthalate (PBAT), polybutylene succinate (PBS), and others.
- Based on product, the renewable plastic packaging market is segmented into biodegradable, and bio-based.
- On the basis of packaging, the renewable plastic packaging market is segmented into rigid packaging, industrial packaging, and flexible packaging.
- Based on packaging format, the renewable plastic packaging market is segmented into primary, secondary, and tertiary.
- On the basis of process, the renewable plastic packaging market is segmented into recyclable, reusable, and biodegradable.
- Based on end use sector, the renewable plastic packaging market is segmented into food and beverages, personal care, healthcare, and other end-use sectors. Other end-use sectors have been further segmented into electronics and homecare.
Renewable Plastic Packaging Market Country Level Analysis
Renewable plastic packaging market is analysed and market size, volume information is provided by country, material, product, packaging format, process, end use sector and packaging as referenced above.
The countries covered in the renewable plastic 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.
Asia-Pacific dominates the renewable plastic packaging market due to the growing developmental activities and rapid economic expansion along with growing number of population and rising importance of eco-friendly, renewable packaging in the region. Europe region is expected to hold the largest growth rate due to the increased consumer awareness for sustainable products and packaging in this region.
The country section of the 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 Renewable Plastic Packaging Market Share Analysis
Renewable plastic 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 renewable plastic packaging market.
The major players covered in the renewable plastic packaging market report are Arkema; BASF SE; Dow; Novamont S.p.A.; Corbion NV; Solvay; Toray Plastics (America), Inc.; Braskem; NatureWorks LLC; DSM; Amcor plc; Sonoco Products Company; Sealed Air; Huhtamaki; Berry Global Inc.; Smurfit Kappa; Mondi; Uflex Limited.; Constantia Flexibles; Genpak, LLC; PLASTIC SUPPLIERS, INC.; Gerresheimer AG; 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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