Global Bioplastic Packaging Market, By Type (Bio-PET, PLA, PBS, Bio-PP, Others), By Product Type (Ri

Published Date: | Report Code : PK1954108

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The Bioplastic Packaging Market is predicted to witness significant demand during the forecast period owing to it’s increasing use in various applications such as Plastic Bottles, Packaging, and Others.

Bioplastics are mainly a group of biodegradable polymers that can be produced from renewable sources such as agricultural byproducts, biomass sources, and used plastics.  Conventional plastics are becoming increasingly unpopular because they can last for a very long time and can be dangerous for the environment. Conventional plastics are used as a material for casings, electronics, packaging many other products in almost all industries.  The use of conventional plastic bags is banned by several nations. Massive plastic deposits in the ocean are liable for marine and aerial species ‘ large-scale death owing to either ingestion or stuck in them. Due to this reason, nations, people and private organizations heavily protest against the use of plastics on a large scale, while supporting the use of biodegradable plastics or bioplastics. To eliminate the issues created by conventional plastics, bioplastics were developed. Bioplastics are made of biodegradable feedstock, which means, like any other organic matter, they can degrade into the soil.

Segment Analysis:

The global bioplastic packaging market is segmented into type, product type, and application. Based on type this market is split into  Bio-PET, PLA, PBS, Bio-PP, and others. The Bio-PET segment is anticipated to higher growth due to the extensive use in bottling and packaging industries. By application, this market is divided into plastic bottles, packaging, and others. The packaging segment is expected to rapid growth in this market due to in the packaging sector, bioplastics are widely used for food packaging, pharmaceutical packaging, and packaging of goods. The global bioplastic packaging market is expected to boom in Europe due to many countries from this region taking the initiative to support protecting the environment. 

Key Factors Impacting Market Growth:

  • The harmful effect of conventional plastic on the environment
  • Demand from end users for eco-friendly and sustainable packaging
  • The high cost of materials for production can hinder the market growth 

Regional Analysis:

The bioplastic packaging market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for the bioplastic packaging market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is key to the growth of the bioplastic packaging market in this region. In addition to this development of cold chain systems to cater perishable goods and government regulations on packaging waste disposal is also governing the demand for the bioplastic packaging market in this region. Major industry applications in these regions are Plastic Bottles, Packaging, and Others. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for bioplastic packaging market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: the Dow Chemical Company (Dow), Metabolix, Inc., Novamont S.p.A, NatureWorks, BASF SE, Arkema S.A., Koninklijke DSM N.V., and Braskem S.A., LLC 

Market Segmentation:

By Type:

  • Bio-PET
  • PLA
  • PBS
  • Bio-PP
  • Others 

By Product Type:

  • Rigid
  • Flexible 

By Application:

  • Plastic Bottles
  • Packaging
  • Others 

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Product Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Product Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Product Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Product Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Product Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Product Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global  bioplastic packaging market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
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