Bio Plastic Packaging Market 2021 Latest Advancements, Trends and Huge Business Opportunities– NatureWorks, BASF, Novamont, Futamura, Taghleef Industries, BIOTEC, Jinhui Zhaolong, API, Agrana Starke, Danimer Scientific, Zhejiang Hisun Biomaterials

Bio Plastic Packaging Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Bio Plastic Packaging market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

global Bio Plastic Packaging market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 1478.5 million in 2020. Over the next five years the Bio Plastic Packaging market will register a 8.2% CAGR in terms of revenue, the global market size will reach US$ 2026.1 million by 2026.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Bio Plastic Packaging Market: NatureWorks, BASF, Novamont, Futamura, Taghleef Industries, BIOTEC, Jinhui Zhaolong, API, Agrana Starke, Danimer Scientific, Zhejiang Hisun Biomaterials, Kaneka, Xinjiang Blue Ridge Tunhe Polyester, Mitsubishi Chemical, FKuR Kunststoff, BIO-FED, Biome Bioplastics, GRABIO, CARBIOLICE and others.

Industry News and Updates:

NatureWorks and IMA Announce New Strategic Partnership for the Compostable Coffee Pods Market

BOLOGNA, Italy and MINNETONKA, Minn., (April 27, 2021) – NatureWorks, the world’s leading manufacturer of low-carbon Ingeo™️ PLA biopolymers, and IMA Coffee, global market leader in coffee handling, processing, and packaging, today announced that they have entered into a joint strategic partnership aimed at accelerating the market for high performing K-Cup compatible compostable single-serve coffee pods in North America. The multi-year partnership brings together NatureWorks’ decades of expertise with compostable materials, formulations, and processing technology with IMA’s industry-leading competencies and application-specific know-how encompassing all stages of coffee handling, processing, and packaging.

The pressure on the single serve coffee market to make more meaningful progress towards a more sustainable packaging solution has grown significantly in recent years. Consumers appreciate single-serve capsules for the convenient and quality brewing experience but see the packaging waste associated with a capsule as a detriment. Compostable capsules create the opportunity to not only address consumer concerns and divert the packaging away from landfills, but, perhaps more importantly, to recover the used coffee grounds, enabling their processing at a compost facility where they deliver valuable nutrients to the final compost.

KM Packaging introduces new bio-plastic packaging range

03 Dec 2020: Flexible packaging and lidding films supplier KM Packaging has expanded its product line with the introduction of a new compostable product range. KM Packaging has worked with Treetop Biopak for the development of new bio-plastic products. Treetop Biopak has expertise in offering advanced compostable packaging solutions. The new C-Range of bio-plastic packaging materials consists of shrink wrap, stretch wrap, adhesive tape, nets and bags. C-SHRINK is a new industrially compostable shrink film suitable for packaging of vegetables, bakery, and other foodstuffs. It can also be used as bundling multi-packs and secondary wrap for packed goods.

C-STRETCH is a home compostable stretch or cling film produced using bio-based renewable sources. C-TAPE is an industrially compostable adhesive tape, which is manufactured using bio-based sources and natural gum. C-BAG is a home compostable bag suitable for fresh produce, bakery, and meat, while C-NET is an industrially compostable net that can be used for a range of applications with advanced tear and heat resistance.

KM Packaging stated that manufacturers using the compostable packaging products benefit from a similar look and feel like plastic, as well as they offer protection, presentation, and preservation for both primary and secondary packaging applications. KM Packaging commercial director Graham Holding said: “The new C-Range of compostable products enhances our overall product portfolio.

Global Bio Plastic Packaging Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Starch Blends
PLA
PBAT
Other

The segment of starch blends hold a comparatively larger share in global market, which accounts for about 42%.

On the basis of Application, the market is segmented into:

Flexible Packaging
Rigid Packaging

The flexible packaging holds an important share in terms of applications, and accounts for 73% of the market share.

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Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Bio Plastic Packaging market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Bio Plastic Packaging market deployed in the region. While an important piece of the Bio Plastic Packaging market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Bio Plastic Packaging market: Where are the opportunities? What does the future look like for Bio Plastic Packaging? What will be the market size in the next 5 years?
Bio Plastic Packaging Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Bio Plastic Packaging market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Bio Plastic Packaging market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

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