Press release
Bioplastic Packaging Market Inclinations & Development Status Highlighted To 2018- 2025(Market Dynamics Market Size Market Segments Demand & Supply Trends Current Issues and Challenges Companies and Competitor Landscape Value Chain
Bioplastic Packaging market
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. Bioplastics are influencing the plastic industry with innovation for more sustainability, functionality, and efficiency. Currently, bioplastic alternatives are available for almost all the conventional plastic material and respective applications which is driving the bioplastic packaging market.
Leading key market players mentioned in the report:-
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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Market Segmentation:
By Product
• Starch Blends
• Polylactic Acid
• Polyethylene Terephthalate
• Polyhydroxyalkanoates
• Polyethylene
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.
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. During the last few years, bioplastic has influenced the plastic industry through innovation for more resource efficiency, functionality, and sustainability.
Bioplastic is playing a significant role to increase recycling targets and waste management by substituting petroleum resources with renewable resources. Bioplastics are manufactured using renewable plant-based resources which offer low toxicity, better recyclability, and high bio-degradability. These factors are having a significant impact on the growth of bioplastic packaging market.
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Bioplastic Packaging Market Strategic Insights
The new development was observed as the most adopted strategy in global Bioplastic Packaging market. Few of the recent strategies by some of the players in the Bioplastic Packaging market landscape are listed below-
2018: Novamont S.p.A. launched the compostable and biodegradable Cuki Gelo bag made of Mater-Bi at Marca 2018. This product launch was a result of a strategic partnership between Cuki and Novamont S.p.A.
2018: Arkema introduced a new project to manufacture polyamide 12 in China to increase by 25% its capacity of polyamide 12 polymers production so as to support its customers' strong demand in Asia.
2018: The Dow Chemical Company launched recyclable polyethylene packaging solution in India in order to implement its new solution to support people in India meet regulations about the reduction of usage of multi-polymer plastics to save the environment.
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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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