The global Bio-Plastic Packaging market was valued at US$ 11610 million in 2020 and it is expected to reach US$ 41150 million by the end of 2027, growing at a CAGR of 19.7% during 2021-2027.
Bioplastics are plastics in which all carbon is derived from renewable feedstocks. They may or may not be biodegradable. Biobased plastics contain both renewable and fossil-fuel-based carbon. The percentage of biobased ingredients and the conditions under which the biobased product may biodegrade, if at all, vary widely. Products on the market are made from a variety of natural feedstocks including corn, potatoes, rice, tapioca, palm fiber, wood cellulose, wheat fiber and bagasse. Products are available for a wide range of applications such as cups, bottles, cutlery, plates, bags, bedding, furnishings, carpets, film, textiles and packaging materials.
Bioplastic packaging materials are derived from bio-based resins such as poly lactic acid (PLA), bio-PET, bio-PP, PHA. Aforementioned resins provide properties such as tensile strength and enhanced impact resistance which increase their application in food & beverages, kitchen utensils and electronics industries over the forecast period.
Global Bio-Plastic Packaging Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bio-Plastic Packaging Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are NatureWorks, Basf, Novamont, Futamura, Taghleef Industries, Biotec, Jinhui Zhaolong, Api, Agrana Starke, Danimer Scientific, Zhejiang Hisun Biomaterials, Kaneka, Xinjiang Blue Ridge Tunhe Polyester, Mitsubishi Chemical, Fkur Kunststoff, Bio-Fed, Biome Bioplastics, Grabio, Carbiolice, United Biopolymers and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-bio-plastic-packaging-market-outlook
Segment by Type
- Poly Lactic Acid (PLA)
- Starch Blends
Segment by Application
- Flexible Packaging
- Rigid Packaging
Table of Content:
1 Bio-Plastic Packaging Market Overview
2 Bio-Plastic Packaging Market Competition by Manufacturers
3 Bio-Plastic Packaging Retrospective Market Scenario by Region
4 Global Bio-Plastic Packaging Historic Market Analysis by Type
5 Global Bio-Plastic Packaging Historic Market Analysis by Application
6 Key Companies Profiled
7 Bio-Plastic Packaging Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Bio-Plastic Packaging Market Dynamics
10 Global Bio-Plastic Packaging Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.