Bioplastic Packaging Market to 2025 – Top Companies are NatureWorks LLC, Arkema, Novamont S.p.A, BASF SE, Braskem, Corbion N.V., Evonik Industries AG, Koninklijke DSM N.V, Dow Chemical Company

Increasing awareness among customers about the adverse impact of conventional plastics, push the demand for bioplastic packaging market.

The global bioplastic packaging market is valued at US$ 4,399.7 million in 2017 and is estimated to reach US$ 25,395.8 million by 2025, growing at a CAGR of 24.4% during 2018 to 2025.

The major driving factors for bioplastic packaging market are increasing awareness among customers about the adverse impact of conventional plastics, surge in need for sustainable packaging solution, and rising government support for the incorporation of bioplastic in packaging. Today, customers are more aware about the adverse impact of conversional plastic on their lifestyle. Thus, consumers are demanding for more environmentally friendly products which decrease the usage of petroleum and natural gas, thereby, reduce the carbon footprints. bioplastic is an alternative for nearly every conventional plastic material in diverse applications. Bioplastics offer innovative solutions with enhanced properties along with distinctive ability to reduce emissions and provide same qualities and functionalities as that of conventional plastic.

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The demand for bioplastic packaging is largely influenced by a number of factors mainly due to increasing awareness among customers about the adverse impact of conventional plastics, rising government support for the incorporation of bioplastic in packaging, and surge in need for sustainable packaging solution.

The Major Key Market Players:

- NatureWorks LLC
- Arkema
- Novamont S.p.A.
- BASF SE
- Braskem
- Corbion N.V.
- Cardia Bioplastic Packaging
- Evonik Industries AG
- Koninklijke DSM N.V.
- Dow Chemical Company

The report focuses on in-depth segmentation of bioplastic packaging market by product, type, application, and regions. The geographic segmentation of this report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market on bioplastic packaging has been further bifurcated by respective countries. On the basis of product, starch blends accounted for the largest market share of the bioplastic packaging market in 2017 in terms of revenue and volume. Starch blends are the most common biomass source used for deriving bioplastics and it is a natural polymer that can be combined with several materials.

Many of the industry players are inclined towards delivering biodegradable packaging solutions owing to the consumer’s rising awareness about the impact of conventional plastic products. The increased use of bioplastic packaging materials are contributing to sustainability and reduce the environmental impact associated with the use of conventional polymers. Therefore, revolution in consumer demand on the basis of environmental awareness, packaging lifestyle, convenience, and sustainable production systems is boosting global bioplastic packaging market.

Currently, the market players are more focused on finding innovative manufacturing technologies and processes for the formulation of bioplastic packaging materials in order to support biological cycle and to gain competitive pricing platform. For instance, on 14 June 2017, NatureWorks has signed a contract to license chemical processing technology for the production of D-lactic acid. This technology provides the company with low cost route which helped to gain competitive position in this market with cost effective materials. Along with this, there is an emergence of novel bioplastic materials i.e. polyethylene furanoate (PEF) which currently is in its development stage. PEF is expected to significantly use for packaging applications in alcoholic beverages, milk, soft drinks, and fresh tea or water, and other non-food products owing to its superior thermal properties. Thus, emergence novel products and development of innovative processes is expected to provide significant growth opportunity to market players in global bioplastic packaging market.

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Few of the key players profiled in the report are NatureWorks LLC, Arkema, Novamont S.p.A., BASF SE, Braskem, Corbion N.V., Cardia Bioplastic Packaging, Evonik Industries AG, Koninklijke DSM N.V., and Dow Chemical Company among others.

Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Bioplastic Packaging Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Bioplastic Packaging Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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This release was published on openPR.