Global Bioplastics Packaging Market Surge to Witness Huge Demand at a CAGR of 14.88% during the forecast period 2028

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.

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.

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.

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.

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.

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.