Global Bioplastics Packaging Market to Register Highest CAGR Growth of 14.88% by 2028: Analysis by Segmentation, Competitors Analysis, Product Research and Future Trends
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.
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 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.
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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