Bioplastic Packaging Market to Witness Heightened Revenue Growth During the Forecast Period (2020-2025)

According to the new research report published by The Insight Partners, titled "Bioplastic Packaging - Global Analysis and Forecast to 2025", the global Bioplastic Packaging market is expected to reach US$ 23.4 Billion in 2025, registering a CAGR of 24.4% during the forecast period 2018-2025.

The growth in the Asia Pacific region is highly attributed to factors such as banning the usage of plastic bags in 2009 and 2011. Other countries in the region that have taxes or bans in place include Cambodia, Bangladesh, Hong Kong, Indonesia, India, Taiwan, and Malaysia among others.
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 market growth during the forecast period.

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Bioplastic Packaging Market : Company Profiles

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

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 industry.
The global bioplastic packaging market has been segmented based on end-user, i.e., blends, polylactic acid, polyethylene terephthalate, polyhydroxyalkanoates, polyethylene, and others. The physical, as well as chemical properties of bioplastic materials, differs from each other based on flexibility, durability, water and heat resistance, and biodegradability among others.

Appropriate selection of material is thus significant for the manufacturing companies to compete effectively by attaining consumer satisfaction, sustainability, and meeting stringent government regulations. This bioplastic is used in a range of packaging application.

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Reasons To Buy :

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

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About The Insight Partners :

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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.