Press release
Bioplastics Packaging Market Report 2023: Global Size, Share & Growth till 2028
Bioplastics Packaging Market
The global bioplastics packaging market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.03% during 2023-2028.
Bioplastics packaging refers to packaging materials produced from bioplastics, which are derived from renewable sources, including plants, vegetable oils, or starch. It is more environment friendly as it has a reduced carbon footprint and can biodegrade or compost more easily as compared to traditional plastics that are derived from fossil fuels. It can take various forms, including bottles, containers, bags, and films. It is used for wrapping seeds, fertilizers, and other agricultural products, which supports sustainable farming practices. It finds extensive application across industries like food and beverage, cosmetics, and medical products.
Request a Sample Report:- https://www.imarcgroup.com/bioplastics-packaging-market/requestsample
Global Bioplastics Packaging Market Trends and Drivers:
The increasing use of bioplastics packaging in cosmetics, which includes containers for creams, lotions, foundation, perfume, cologne, shampoo, conditioners, shower gels, and other beauty products, represents one of the primary factors bolstering the market growth around the world. In addition, the rising adoption of bioplastics packaging in the food and beverage (F&B) sector for packing food products like fresh produce, snacks, and beverages, offering a renewable and compostable option, is favoring the growth of the market. Apart from this, the growing usage of bioplastics packaging in the catering and hospitality sectors for disposable plates, cutlery, and containers, which reduces single use plastic waste, is influencing the market positively.
Global Bioplastics Packaging Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: ALPAGRO Packaging, Amcor plc, Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Braskem S.A., Eastman Chemical Company, Koninklijke DSM N.V., Mondi PLC, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A, Tetra Laval International SA, TIPA Corp Ltd. and WestRock Company.
For more information about this Report:- https://www.imarcgroup.com/bioplastics-packaging-market
The report segmented the market on the basis of region, product type, packaging type and end user.
Breakup by Product Type:
• PLA
• TPS
• PHA
• Bio-PE
• Bio-PA
• Bio-PET
• Bio-PP
• Others
Breakup by Packaging Type:
• Flexible Plastic Packaging
• Rigid Plastic Packaging
Breakup by End User:
• Food
• Beverages
• Consumer Goods
• Pharmaceuticals
• Industrial Goods
• Others
Breakup By Regions:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Email: Sales@imarcgroup.com
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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