The demand for conventional plastics is decreasing at a reduced rate, they are essentially very harmful to the environment.
NEW YORK, NY, USA, September 29, 2021 /EINPresswire.com/ – Based on current analysis, the global bioplastic packaging market was valued at USD 8.19 billion in 2020 and is expected to reach 34, $ 82 billion by 2028, at a CAGR of 19.9%. The development of bioplastics is done through the use of raw materials to minimize the problem caused by conventional plastics. The declining demand for conventional plastics due to its harmful effects on the environment has further increased the high demand for the use of bioplastic materials for packaging. With the onset of industrial and commercial technologies, companies around the world have led to greater notoriety for the use of bioplastic plastic. The large number of products made using materials that will not be degraded for a long period of time creates a high level of concern, especially in developing economies. The increasing attention of the general public for sustainable packaging and the sufficient availability of raw materials in developing economies are positively influencing the growth of the bioplastic packaging market. In addition, government intervention in raising awareness of subtracting consumption of non-recyclable plastic is also one of the main drivers of the growth of the bioplastics market. The increase in the use of bioplastic packaging in almost all market sectors is driven by the growing demand for sustainable and sustainable products from consumers due to increasing vigilance and education in the field of ecology and environment.
Companies considered and presented in this market study:
Nature works LCC, Innovia Films, Arkema, Barskem, Mitsubishi Plastics Inc, Koninklijke DSM NV, BASF, Evonik Industries, Cardia Bioplastic Packaging, Dow Chemical Company, Novamont, Metabolix Inc
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Objectives of the study:
Our panel of expert value chain analysts have conducted a comprehensive industry-wide study to offer readers accurate insights into the future of the Bioplastic Packaging market and provide the leading market players with authentic insights derived from primary and secondary data collection sources. In addition, the report also includes contributions from our consultants, who can help companies make the most of available market opportunities. It also offers a detailed breakdown of Bioplastic Packaging sales and factors that could potentially influence the growth of the industry. The information provided in this report may help readers capitalize on the growth prospects available.
Segments covered in the report:
For the purpose of this study, reports and data segmented the global antibody production market on the basis of type, material type, applications, end users, and region:
Type (revenue, million USD; 2020-2028)
Material Type (Revenue, USD Million; 2020-2028)
Polylactic acid (PLA)
Applications (Revenue, USD Million; 2020-2028)
Food and beverage market
Consumer goods market
Cosmetic Personal Care Market
Agricultural and horticultural market
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End Users (Revenue, USD Million; 2020-2028)
Raw material suppliers / buyers
Product suppliers / buyers
Manufacturers / Producers
Regional Outlook (Revenue USD Million; 2020-2028)
Middle East and Africa
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Other key findings from the report suggest:
UK-based company Biome Bioplastics is a developer of natural plastics, has partnered with plastic film maker Futamura to display a range of bio-based and compostable and multi-layered films. This will increase the overall revenue generation capacity of the market
The food and beverage sector is expected to be dominant, accounting for 67.3% of the market share in terms of revenue in 2017 and is expected to reach 69.0% by 2028
The durability and sturdiness of the packaging product is important, therefore, the perennial bioplastics, i.e., polyethylene produced from sugar cane is used to provide an effective substitute for oil-based equivalents.
State-of-the-art biopolymer industries present biodegradable plastic as a solution to environmental complications over conventional non-biodegradable plastic.
Biodegradable plastics used for packaging have the potential to decrease the volume of solid waste and reduce the need for waste landfill. Biodegradable plastic packaging has also been found to suggest properties to resist brittleness and heat resistance.
PHAs can replace most of the consumption of fossil fuel-based types of plastic. PHA is used as a coating of food packaging for paper and cardboard, plates, cups and also has distinguished medical uses
Polylactic acids decompose well in the presence of acids; therefore, they are used in some medical applications. This bioplastic material is used in the manufacture of bottles, food packaging, grocery bags, etc.
The ever increasing awareness of the general public about the green state of their lifestyle is one of the important key factors for the global bioplastic packaging market.
Key questions addressed in this research study:
What is the world production, the production value and the consumption value?
Who are the main global manufacturers in the market? How are their operating situation?
What are the types and applications of the market?
What is the market share worth of each type and application?
What are the upstream raw materials and manufacturing equipment?
What is the manufacturing process?
Economic impact on the market and market development trends.
What will the market size and growth rate be in 2028?
Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2020 – 2028
Chapter 3. Indicative measures
3.1. Growing prevalence of bioplastics industries
3.2. Increased environmental awareness
3.3. Global ecological burden
Chapter 4. Global Bioplastic Packaging Market Segmentation and Impact Analysis
4.1. Segmentation analysis
4.2. Value chain analysis, 2016-2026
4.3. Regulatory framework
4.4. Market impact analysis
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Additionally, customizations are available for this report and can be used by the buyer. Customizations can be made based on regions or selected participants.
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