Plant-based Plastic Packaging Market 2021 Global Size, Status and Outlook 2021 - Clear Lam Packaging, Solegear Bioplastic Technologies

The “Plant-based Plastic Packaging” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Plant-based Plastic Packaging Market is predicted to register a CAGR of 20.77% over the forecast period 2021 – 2027.”

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Market Overview

According to the Society of the Plastics Industry (SPI), Bioplastics Council defines bioplastics as biodegradable plastic, has biobased content, or both. Bioplastics materials consist of materials with differing properties. The three main groups are Bio-based, non-biodegradable materials, such as bio-PE, bio-PET, and bio-PEF, Bio-based and biodegradable materials, such as PLA, PHA, or starch blends, Fossil-based and biodegradable materials.​
The bio-plastic products are usually made of renewable raw materials, such as starch and cellulose. Moreover, bio-degradable plastic can decompose into inorganic compounds, CO2, methane, and water, by the enzymatic action of microorganisms.​

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Plant-based Plastic Packaging market within the upcoming years.

Plant-based Plastic Packaging market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Plant-based Plastic Packaging market is often split supported product types, major applications, and important countries as follows:

Key Competitors of the Plant-based Plastic Packaging market is: Solegear Bioplastic Technologies Inc., Clear Lam Packaging Inc, Solegear Bioplastic Technologies Inc.

Major Types covered are:

Bio-PET

Bio-PE

PHA

Starch Blends

Polyesters

PLA

Others

Major Applications covered are:

Food & Beverage

Automotive Transport

Others

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Key Market Trends

Rigid Packaging to Hold Dominant Position in the Market

Rigid bioplastics are used for cosmetics packaging of compact powders, lipsticks, creams, and beverage bottles. A broad application base increases the scope for demand. Materials, such as bio-based PE, PLA, or bio-based PET, are used in this section.
According to stats from the Federal Environment Agency, Germany produces almost 6.28 million tons of plastic waste each year, and globally, the figure is about 400 million tons. In general, a plastic bottle takes approximately 500 to 1,000 years to decompose. Such stats showcase the need for bioplastics in rigid packaging products, such as bottles, tubes, cups, cutlery, blister packaging, etc., which could significantly reduce the decomposition time.

Regional market Plant-based Plastic Packaging (regional production, demand and forecast by country):

Europe Holds the Maximum Market Share

The European Union (EU) is working towards the 2050 net-zero emissions goal and tackling the increasing environmental and sustainability crisis by implementing the European Green Deal. The inclination towards a more sustainable society is intertwined with the European economy's production, use, and disposal of plastic.
Europe strengthened its position as a central hub for the entire bioplastics industry and ranked foremost in the field of research and development, having this industry’s largest market worldwide. By now, one-fourth of the overall bioplastics production capacity is located in Europe.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Recent Developments

July 2021 - TIPA Corporation Ltd. partnered with Amcor to manufacture compostable packaging in Australia and New Zealand to look for plastic alternatives to reduce waste. Amcor will manufacture, supply, and distribute the product under an exclusive partnership with TIPA, including fresh food and bakery items, allowing traditional plastic bags and packaging to be removed from the waste stream.
Jan 2021 - Taghleef Industries introduced a new range of bio-based polypropylene (PP) films to its biobased portfolio. Taghleef's bio-based PP films are biodegradable packaging options that are a bio-based alternative to films generated from fossil fuels. ISCC Plus certified Ti's biobased PP films could be used in the same packaging and labeling applications as typical grades made of fossil-based raw materials.
Sep 2020 - PSI announced its partnership with Danimer Scientific, a developer, and manufacturer of biodegradable materials, to produce bio-based, home-compostable films. PSI planned to use material supplied by Danimer Scientific to produce packaging films that will reliably degrade without leaving behind harmful microplastics.

Report Features:

To project the worth and sales volume of the Plant-based Plastic Packaging market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Plant-based Plastic Packaging market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Plant-based Plastic Packaging market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

The Global Plant-based Plastic Packaging Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.

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