Press release
Global Bioplastic Utensils Market to Witness a Pronounce Growth During 2023
Biopolymers/bioplastics is a material for which at least a portion of polymer consists of material produced from biomaterials. It represent a new generation of plastics that reduces the impact on the environment, both in terms of energy consumption and the amount of greenhouse gas emissions.
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Global Bioplastic Utensils Market: Forecast by Type / Application / Region
United States and Europe and dominating the bioplastic utensils market, due more and more consumers have strong environmental protection consciousness, high consumption levels and perfect sales channel (e.g. organic food stores and on-line shopping). Shortly, United and Europe will keep the market position and pioneering advantages. Asia-Pacific also in an important market, but the bioplastic utensils develops slowly, because of the weak environmental awareness, and the high price.
Compared to the conventional utensils (made from petrochemical plastics), the price of bioplastic utensils is too high, it’s too hard to expand massively, and most of the retailers are reluctant to stock (purchase) bioplastic utensils due to low demand, especially in the countries with low consumption levels, like China, Southeast Asia, India and South America.
Currently, the market is dominated by the players from US and Europe, like Biopak, Eco-Products, Inc, Trellis Earth, BioMass Packaging, World Centric, Bionatic GmbH, GreenGood, Better Earth, NatureHouse Green, BioGreenChoice, GreenHome, Vegware, Biodegradable Food Service, Ecogreen International and PrimeWare.
In future, as awareness of environment protection strengthening, and the rise of online shopping, people can buy bioplastic utensils online through their smartphone conveniently, more and more people will choose to use bioplastic utensils, not petrochemical plastics utensils.
Over the next five years, LPI(LP Information) projects that Bioplastic Utensils will register a 5.6% CAGR in terms of revenue, reach US$ 42 million by 2023, from US$ 32 million in 2017.
Global Bioplastic Utensils Market: Key Players
Biopak
Eco-Products, Inc
Trellis Earth
BioMass Packaging
World Centric
Bionatic GmbH
GreenGood
Better Earth
NatureHouse Green
BioGreenChoice
GreenHome
Vegware
Biodegradable Food Service
Eco Kloud
Ecogreen International
PrimeWare
Huhtamaki
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Related Information:
United States Bioplastic Utensils Market Research Report 2018
Europe Bioplastic Utensils Market Research Report 2018
North America Bioplastic Utensils Market Research Report 2018
Asia-Pacific Bioplastic Utensils Market Research Report 2018
China Bioplastic Utensils Market Research Report 2018
EMEA Bioplastic Utensils Market Research Report 2018
Global Bioplastic Utensils Market Research Report 2018
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