Bioplastics Packaging Market Size Anticipated to Observe Growth at a Steady Rate of 14.88% for the Study Period 2021-2028

 

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.

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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.


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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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