Bioplastics Packaging Market Forecast until 2025 Scrutinized in New Research With Top Key Players Such AS Braskem S.A., Arkema Group, The Dow Chemical Company, BASF

The global Bioplastic Packaging market accounted for US$ 4,399.7 Mn in 2017 and is expected to grow at a CAGR of 24.4% during the forecast period 2018 - 2025, to account for US$ 25,395.8 Mn in 2025.

The global bioplastic packaging market is experiencing a high growth owing to 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. Moreover, the development of new technology and processes and the emergence of novel bioplastic materials are expected to the bioplastic packaging market growth during the forecast period.

Top Key Players:

Braskem S.A., Arkema Group, The Dow Chemical Company, BASF SE, Cardia Bioplastics, Corbion N.V., Evonik Industries AG, Koninklijke DSM N.V., NatureWorks LLC, Novamont S.p.A.

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Plastic packaging is extensively used in the range of application such as FMCG, food & beverages, pharmaceutical, consumer goods, etc. This increased use of plastic in several application is responsible for rising plastic pollution. Thus, recycling and reuse of plastic are becoming foremost important for innovation and sustainability. Moreover, conventional plastic is expected to become more expensive in the future with diminishing raw material sources.

By Type:

• Rigid Packaging
• Flexible Packaging

By Application:

• Food & Beverages
• Consumer Goods
• Cosmetic & Personal Care
• Pharmaceutical

Regional Analysis:

• North America
• Europe, Asia-Pacific (APAC)
• Middle East and Africa (MEA)
• South & Central America.

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The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

Also, key activated carbon market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

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This release was published on openPR.