The worldwide bioplastics packaging market was estimated to be worth close to US$ 7 Bn in 2021, and Persistence Market Research’s most recent industry analysis predicts that it would grow by 2.4X by the end of the decade.
According to this industry intelligence assessment, the market for bioplastic packaging is expected to grow at an impressive 14% CAGR over the next 10As environmental consciousness grows, packaging solutions are under pressure to undergo a significant revolution. This new emphasis is on sustainability. The dominant trend in the packaging industry will be biodegradable and sustainable packaging.
Request for Free Sample Copy@ https://www.persistencemarketresearch.com/samples/2796
Important topics covered in the Bioplastics Packaging Industry Survey include
market projections for 2016–2031.
Primary market growth-restraining factors
Regional, national, and segmental analyses
benchmarking and competition mapping
Analysis of market and brand share
Key product developments and the regulatory environment
Impact of COVID-19 on sales of bioplastic packaging and how to proceed
Recommendations for effective winning tactics
Growing trend of sustainability in different aspects of packaging is driving the market for bioplastics packaging. Food & beverage industries are known to be the leading consumers of bioplastics packaging owing to growing reluctance to plastic packaging with high risk of contamination and the huge application of packaging products.
The growing consumer preference for organic and natural polymers in food packaging is also positively influencing the adoption rate of these sustainable packaging solutions in the food & beverage sector. The global market is projected to exhibit 14% CAGR over the next ten years. Besides consumer awareness, augmenting government initiatives encouraging the use of eco-friendly packaging products in different countries is bolstering the market growth.
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/2796
Segment Analysis
Food & beverages, and catering are the key applications segmented in the global bioplastics packaging market. PLA and starch bases bioplastics are expected to be influenced by incorporation of nanotechnology-based packaging that makes them environmentally safe and ensures the safety of products as well.
By Application
Food
Beverages
Catering
By Product
Bio-PET
PLA and PLA Blends
Starch Blends
Other biodegradables
By Region
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Asia Pacific
China
Japan
Rest of Asia Pacific
Rest of the World (RoW)
Get up to 20% discount on Full Report Purchase @ https://www.persistencemarketresearch.com/checkout/2796
Key Market Players
Since few companies participating in the growth of global bioplastics packaging market, contribution of each one of them is highly-instrumental towards market expansion. And, a stiff competition is being anticipated among such companies with respect to accounting for larger market share.
Some of the key companies profiled in the global bioplastics packaging market include, Metabolix, Inc., The Dow Chemical Company (Dow), Novamont S.p.A, NatureWorks, LLC, Innovia Films, Ltd, Braskem S.A, BASF SE (Badische Anilin- und Soda-Fabrik), Arkema S.A., and Koninklijke DSM N.V., among others.
FAQ’S
Which countries are the key exporters of bioplastics packaging?
Which trends are shaping the bioplastics packaging marketplace?
What portion of the market is captured by the top 5 players?
How did the market perform in the past 5 years?
Which nations are leading the production of bioplastics packaging?
About Us
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us
Persistence market research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales –
[email protected]