The Insight Partners published latest research study on “Bioplastic Packaging Market – Global Analysis and Forecast to 2025”, the global market is expected to reach US$ 23.4 Billion in 2025, registering a CAGR of 24.4% during the forecast period 2018-2025.
The growth in the Asia Pacific region is highly attributed to factors such as banning the usage of plastic bags in 2009 and 2011. Other countries in the region that have taxes or bans in place include Cambodia, Bangladesh, Hong Kong, Indonesia, India, Taiwan, and Malaysia among others.
| Report Coverage | Details |
|---|---|
| Market Size Value in | US$ 4,399.7 Million in 2017 |
| Market Size Value by | US$ 25,395.8 Million by 2025 |
| Growth rate | CAGR of 24.4% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
| No. of Pages | 171 |
| No. Tables | 35 |
| No. of Charts & Figures | 106 |
| Historical data available | Yes |
| Segments covered | Product , Type , and Application |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents A Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPTE100001366/
Bioplastic Packaging Market: Competitive Landscape and Key Developments
The key companies profiled in this report include Braskem S.A., Arkema Group, The Dow Chemical Company, BASF SE, Cardia Bioplastics, Corbion N.V., Evonik Industries AG, Koninklijke DSM N.V., NatureWorks LLC, and Novamont S.p.A.
Many of the industry players are inclined towards delivering biodegradable packaging solutions owing to the consumer’s rising awareness about the impact of conventional plastic products. The increased use of bioplastic packaging materials are contributing to sustainability and reduce the environmental impact associated with the use of conventional polymers. Therefore, revolution in consumer demand on the basis of environmental awareness, packaging lifestyle, convenience, and sustainable production systems is boosting global bioplastic packaging market.
Increasing awareness among customers about the adverse impact of conventional plastics, push the demand for bioplastic packaging
Currently, the market players are more focused on finding innovative manufacturing technologies and processes for the formulation of bioplastic packaging materials in order to support biological cycle and to gain competitive pricing platform. For instance, on 14 June 2017, NatureWorks has signed a contract to license chemical processing technology for the production of D-lactic acid. This technology provides the company with low cost route which helped to gain competitive position in this market with cost effective materials. Along with this, there is an emergence of novel bioplastic materials i.e. polyethylene furanoate (PEF) which currently is in its development stage. PEF is expected to significantly use for packaging applications in alcoholic beverages, milk, soft drinks, and fresh tea or water, and other non-food products owing to its superior thermal properties. Thus, emergence novel products and development of innovative processes is expected to provide significant growth opportunity to market players in global bioplastic packaging market.
Click Here to Avail Lucrative DISCOUNTS on Our Latest Research Reports. We Offer Student, Enterprise, and Special Periodic Discounts to Our Clientele. Please Fill the Form to Know DISCOUNTED PRICE: https://www.theinsightpartners.com/discount/TIPTE100001366/
Europe in a key hub for the whole bioplastic industry, the region is leading both in terms of revenue as well volume. The region is ranked at the uppermost position in the research and development of bioplastics and is industry’s largest global market. For instance, SUCCIPACK, an FP7 project anticipated to bring a key innovation for the food & packaging industry in Europe aims for the development of new food packaging materials based on PBS. Europe comprises of nearly one-fifth of the total global bioplastic manufacture capacity. The growth of European bioplastic market is supported by several measures taken by European Commission as well as different national governments.
In 2018, the EC adopted ‘European Strategy for Plastics’. The strategy strive for eliminating plastic pollution and transform the method of production and consumption of plastics in the EU. The strategy is focused on plastic bags, as well as single-use plastics. Further, the plan also aims to enhance the economic advantage of recycling, to generate jobs by attractive businesses and manufacturers, as well as to capitalize in innovation. The EC will begin to announce regulations and trials to the European Parliament in 2018 and 2019, which includes proposal on the regulation of packaging waste, single-use plastics, and port waste management. The Strategy is anticipated to play a significant role in achieving EU’s 2030 Sustainable Development Goals as well as commitments to the Paris Agreement.
As per the EU, all plastic packaging manufactured and sold across Europe should be reusable or recyclable by 2030. Additional 2030 targets include 75% recycling of packaging waste, 65% recycling of municipal waste, and an obligatory agreement to decrease landfill waste to 10% of municipal waste. Several countries in the European region has already taken initiatives to reduce the harmful impact of plastics. For instance, Ireland was the first country in the region to impose tax on plastic bags. In 2016, the country’s government banned free distribution of single-use plastic bags at grocery stores. Further in 2017, the government prohibited the use of thin green bags used for produce. These bans intends to cut a projected five bn plastic grocery bags, and 12 bn produce bags. The Minister of Sustainable Development, France noted the significance of reducing plastic pollution to decrease its devastating effects on marine environments. Such initiatives are further expected to propel the market for bioplastic packaging in Europe.
Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of The Study, Customization, Introduction to Research Methodology, Assistance on Technologies and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPTE100001366/
The overall bioplastic packaging market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the bioplastic packaging market. It also provides the overview and forecast for the global Bioplastic Packaging market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, the primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Bioplastic Packaging industry.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
