Biopolymer Packaging Market 2021 Precise Outlook- Arkema SA, BASF SE, NatureWorks LLC, Novamont SpA

The biopolymer packaging market was valued at USD 4.78 billion in 2019and is expected to reach USD 22.38 billion by 2025, at a CAGR of 22.68% over the forecast period 2020- 2025.The Global Biopolymer Packaging Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

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Key Market Players:

Arkema SA, BASF SE, NatureWorks LLC, Novamont SpA, Plantic Technologies Ltd, Baraskem SA, Biome Technologies PLC, BioOn SpA, Toray Industries Inc, Spectra Packaging Solutions Ltd, United Biopolymers SA, PTT MCC Biochem Company Ltdand Other

Key Market Trends

Food and Beverages Industry is Expected to Witness a Significant Growth in the Forecast Period

- Innovations in the fields of biopolymers are expected to drive the market during the forecast period. According to Indian Science Journal, scientists have made biopolymer films from potato peel and fruit pomace, which can be used to store perishable food products, such as bread. The biopolymer films made from potato peels and fruit pomace waste are 0.3 millimeters thin and can withstand temperatures as high as 200 degree Celsius. They have good breakage strength and elongation capacity.
- The impending government regulations regarding single-use plastic packaging in China is causing the companies to ramp up the production of biodegradable plastics. For instance, the founder and chairman of Saton Daily Necessities would be spending USD 15 million to produce biodegradable straws made from polylactide acid (PLA - a type of bioplastic or biopolymer) by doubling the size of the factory.
- Food and Beverages companies have started to come with initiatives to curb greenhouse gas emissions. In order to support such moves In October 2016, PepsiCo collaborated with Danimer Scientific for the development of Danimer Scientifics biodegradable film resins to meet the sustainable flexible packaging requirements of PepsiCos global food and beverage business. This partnership has enabled companies to expand biopolymer technology to provide innovative bioplastic solutions to a wider range of applications and products.

Asia-pacific is expected to Register a fastest growth rate in the Forecast Period

- The Asia-Pacific region is the largest producer and consumer of biopolymers, globally. According to the statistics released by the European Bioplastics, around 56% of the global bioplastics production is accounted for by the region. When compared to 2016, this data suggests that the country increased its production capacity by over 28%.
- The Chinese government has stressed upon pollution-free economic progress which has made Chinese plastic makers look for biodegradable materials. A move like this would boost the usage of biopolymers that can be used for packaging thereby influencing the market in a positive way.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Biopolymer Packaging market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Biopolymer Packaging market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Biopolymer Packaging market.

Market Segments: This part of the report discusses product type and application segments of the global Biopolymer Packaging market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Biopolymer Packaging used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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