Biopolymer Packaging Market Size 2021: Leading Players, Impact of COVID-19, Demands, Future Trends, Growth Factors, Strategy, Price and Gross Margin till 2026 | Mondi Group, Taghleef Industries Inc., Clondalkin Group Holdings BV

The "Biopolymer Packaging Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Biopolymer Packaging Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

Key players in the global Biopolymer Packaging Market covered:

Mondi Group, Taghleef Industries Inc., Clondalkin Group Holdings BV, Sonoco Products Company, Berry Plastics Group Inc., Constantia Flexibles Group GmbH, Sealed Air Corporation, Tetra Pak International SA, United Biopolymers SA, Amcor PLC

Recent Development:

- June 2019: Amcor launched AmLite Ultra Recyclable, its first packaging product made from the company's revolutionary, more sustainable high-barrier polyolefin film, which the company announced last year. The new high-barrier laminate can package a range of food, home, and personal care, and pharmaceutical products, and be recycled in existing polyolefin recycling streams.

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Market Overview:

The biopolymer packaging market is expected to grow at a CAGR of 12.6% over the forecast period (2021 - 2026). Biopolymers refer to naturally occurring polymers, primarily from renewable sources, such as plants and animals, which help manufacture plastics. Furthermore, the companies in the market studied are focusing on increasing the production capabilities of biopolymers.

- Multiple factors such as the volatility of oil prices, the globally increasing interest in renewable resources, the growing concerns regarding greenhouse gas emissions, and the current emphasis on waste management have created an increasing interest in biopolymers and bioplastics.
- With the improved biopolymer processing technologies, vendors in the market have been enabled with better control of macromolecular structures that have allowed new generations of commodity polymers that challenge the expensive speciality polymers.

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Key Market Trends

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

- Innovations in the field of biopolymers are expected to drive the market during the forecast period. According to the 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 millimetres thin and can withstand temperatures as high as 200 degrees Celsius. They have good breakage strength and elongation capacity.
- The impending government regulations regarding single-use plastic packaging in China are causing the companies to ramp up biodegradable plastics production. For instance, the founder and chairman of Satan 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.

Key questions answered in this report:

What are the current market trends and dynamics in the circulating Biopolymer Packaging market and valuable opportunities for emerging players?
Estimated forecast and market projections up to 2026
Which segment accounts for the fastest CAGR during the forecast period?
Which is the largest regional market for circulating the Biopolymer Packaging market?
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
The worldwide market value of the circulating Biopolymer Packaging market in 2021 and 2026
Which are the key trends driving the global circulating Biopolymer Packaging market growth?
Who are the leading service providers in the circulating Biopolymer Packaging market worldwide?

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Asia-Pacific is expected to Register the Fastest Growth Rate during the Forecast Period

- The Asia-Pacific region is considered to be one largest consumer and producers of biopolymers globally. The growing concerns regarding food wastage, due to the expiry of the products, has enabled the companies in the region to opt for innovative solutions. Moreover, the government regulations regarding food wastage have also contributed to the adoption of sustainable packaging solutions, which, in turn, is estimated to boost the market for biopolymer packaging.
- With Chinese consumers inclined toward products containing fish, meat, and vegetables, which are mainly retort-packed to keep them shelf-stable, readymade meals have gained increased popularity among the consumers in China. The increasing trend of online purchasing has further buoyed them

of COVID-19:

Biopolymer Packaging Market report investigates the effect of Coronavirus (COVID-19) on the industry. Since December 2019, the COVID-19 infection has spread to practically 180+ nations around the world with the World Health Organization pronouncing it a general wellbeing crisis. The worldwide effects of the Covid infection 2019 (COVID-19) are now beginning to be felt, and will essentially influence the market in 2020

Report Customization:

The Global Biopolymer Packaging Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.

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