Press release
Bioplastics Packaging Market Report 2023: Global Size, Share & Growth till 2028
Bioplastics Packaging Market
Bioplastic packaging encompasses packaging materials crafted from bioplastics, derived from renewable sources such as plants, vegetable oils, or starch. This form of packaging is notably eco-friendly, boasting a diminished carbon footprint and superior biodegradability and compostability when compared to conventional plastics sourced from fossil fuels. Bioplastic packaging manifests in various shapes and types, ranging from bottles, containers, bags, to films. It serves multiple purposes, including wrapping seeds, fertilizers, and various agricultural products, thereby promoting sustainable farming methods. This versatile packaging solution also enjoys widespread use across diverse industries, including food and beverage, cosmetics, and medical products.
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.
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Global Bioplastics Packaging Market Trends and Drivers:
The global market for bioplastics packaging is experiencing significant growth, driven by several key factors. One major contributor is the increasing adoption of bioplastics packaging within the cosmetics industry. This includes the utilization of bioplastics for containers designed to hold a wide range of beauty products such as creams, lotions, foundation, perfume, cologne, shampoo, conditioners, shower gels, and more. Additionally, the food and beverage (F&B) sector is playing a pivotal role in the expansion of this market. Bioplastics packaging is being embraced in F&B for packaging various products, including fresh produce, snacks, and beverages. These bioplastics options provide a renewable and compostable alternative, further stimulating market growth. Furthermore, the catering and hospitality sectors are actively adopting bioplastics packaging solutions. This extends to disposable plates, cutlery, and containers, which are designed to reduce single-use plastic waste. This sustainable approach is having a positive impact on the market by driving the demand for bioplastics packaging in these sectors.
Explore the Market: Dive Deep into the Latest Trends, Growth Prospects, and Challenges Facing the Industry with Our New Report: https://www.imarcgroup.com/bioplastics-packaging-market
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.
WestRock Company.
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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https://www.digitaljournal.com/pr/news/imarc/peru-e-commerce-market-size-share-business-growth-report-2023-2028
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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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