Bioplastic Packaging Market Size

1. Summary Global Bioplastic Packaging Market Size Size, Share, Growth, Trends, Analysis: by Type (Bio- PET, PLA, PBS, Bio-PP, and others), Application (Plastic Bottles, Packaging, and Others), and Region - Forecast Till 2023 Request Free Sample @ https://www.marketresearchfuture.com/sample_request/1498 Key Players The key players in the global Bioplastic Packaging Market Size include Arkema Group (France), BASF SE (Germany), Biome Bioplastics Limited. (UK), DaniMer Scientific LLC (USA), Dow Chemical Company (USA), Eastman Chemical Company (USA), FKuR Kunststoff (Germany), Koninklijke DSM N.V. (the Netherlands), Metabolix Inc. (USA), NatureWorks LLC (USA), and Novamont S.P.A. (Italy). Regional Analysis On the basis of regions, global Bioplastic Packaging Market Size is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). European region dominates the global Bioplastic Packaging Market Size followed by North America and the Asia Pacific. High adoption of green packaging solutions, as well as the stringent governing framework for synthetic polymers, is anticipated to provide an impetus to the growth of the market. In Europe, the supportive government policies that include helps the consumers to give preference towards procurement of biobased products. Also in EU, member states are reducing the taxes for biobased products. South America region is expected to grow at the highest CAGR during the forecast period mainly due to abundant availability of raw materials like sugarcane and oilseeds in Brazil. Hence, many bioplastics manufacturers are opening their facilities in the region. Asia Pacific region is another major market for the bioplastic packaging. The demand for packaged and wrapped products has been increasing in the Asia Pacific region, mainly due to the changing lifestyle and the rise in purchasing power. This will lead to an increased demand for bioplastic packaging. China, India, and Indonesia are the major countries in the region. China accounts for the largest share in Bioplastic Packaging Market Size in the Asia Pacific region. Segmentation Global Bioplastic Packaging Market Size is segmented based on type, application, and region. On the basis of the type, the market is segmented into Bio-PET, PLA, PBS, Bio-PP, and others. Bio-PET segment dominates the market due to extensive use in bottling and packaging industries. It possesses similar properties to conventional PET. It is widely used in the manufacturing of various products such as bottles, food containers, bags, and carry-away cups. Growing demand for eco-friendly bottles and containers is expected to drive the growth of the market. PLA is expected to grow at the highest CAGR during the forecast period. This type of bioplastic is expected to be influenced by incorporation of nanotechnology-based packaging that ensures the safety of products and makes

2. evironament-friendly. The growth of PLA is likely to be driven by its superior mechanical properties and ease of process ability. On the basis of the application, the market is segmented as plastic bottles, packaging, and others. Packaging segment dominates the market in terms of application and is expected to be the fastest growing application over the forecast period. Bioplastics are broadly used in the packaging industry for food packaging, pharmaceuticals packaging, and goods packaging. It is increasingly used in the single-use packaging materials such as shopping bags. Additionally, growth in awareness about the environment pollution and ban on conventional plastics further boost the growth of the bioplastics market. Industry News In March 2017, FKuR, the bioplastic producer, launched a new Bio-Flex Blends for home compostable films and packaging. It meets the stringent requirements of the French Energy Transition Law for plastic bags. The new Bio-Flex blends are designed for the production of low gauge films that will biodegrade completely in garden compost at low and variable temperatures. In April 2017, Biome Bioplastics, U.K-based one of the leading developers of intelligent, natural plastics, has developed a plastic from plant-based sources intended for the production of takeaway beverage cups. The company has launched a range of bio-based plastics for cups and lids to enable retailers and packaging manufacturers to offer consumers a more sustainable option. Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/bioplastic-packaging-market-1498 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers

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