Title: Bioplastic Packaging Market
1Bioplastic Packaging Market To reach USD 24289.7
million By 2026
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2 Market Summary
Key factors contributing to high CAGR in
Bioplastic Packaging Market are technological
developments, government rules and regulation for
betterment of the environment. Improvement in the
quality offered, durability and general awareness
for sustainable packaging for reduction of
harmful plastics all over the world is resulting
in growing of high market demand rate. Market
Size USD 5649.5 Million in 2018, Market Growth
CAGR of 19.9 , Market Trends Product
Launches and Research for Advanced Tech
Developments
3 Our Approach
Market Summary
- Based on current analysis, the Global bioplastic
packaging market was valued at USD 5649.5 Million
in year 2018 and is anticipated to reach USD
24289.7 Million by year 2026, at a CAGR of 19.9
. Development of bioplastics is made through the
use of feedstock to minimize the problem caused
by conventional plastics. Falling demand for
conventional plastics due to its harmful effects
on the ecology has further fueled to rise high
demand for use for bioplastic materials for
packaging. With commencement of industrial and
trade technologies, companies from all around the
world have induced greater standing for the use
of bioplastic plastic. The large number of
products manufactured with the help of materials
which will not be degraded for a longer period of
time are creating high level of concern,
especially in economies with are still undergoing
development. - Rising mindfulness for sustainable packaging
among the general public and sufficient
availability of raw material in developing
economies have an affirmative influence on the
growth on the bioplastic packaging market.
Moreover, government intervention in generating
awareness about subtracting consumption of
non-recyclable plastic is also one of the
significant drivers to induce the growth of
bioplastic market. Rise in the use of bioplastic
packaging in almost all market sectors is
determined by growing demand for sustainable and
long-lasting products by consumers because of
increasing alertness and education in the field
of ecology and environment. - Request for a sample of this research report _at_
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4 Our Approach
Market Summary
- Further key findings from the report suggest
- UK based company, Biome Bioplastics is a natural
plastic developer, has collaborated with plastic
films manufacturer Futamura to display a range of
bio based and compostable and multilayer films.
This will boost the overall revenue generating
capacity of the market - Food and beverages sector are projected to be
dominant, accounting to 67.3 of the market share
in terms of revenue in 2017 and is expected to
reach 69.0 b 2026 - Durability and sturdiness of the packaging
product is important, therefore, everlasting
bioplastics, namely, polythene produced from
sugar cane is used to provide efficient
substitute for oil-based equals - Technologically advanced bio-polymer industries
are presenting biodegradable plastic as solution
to environmental complications over the
conventional non-biodegradable plastic. - Biodegradable plastic material used for packaging
has a potential to diminish the volume of solid
waste and reduce the needs for waste dumping.
Biodegradable plastic packaging has also proved
to suggests properties to resist fragility and
resistance towards heat - To identify the key trends in the industry, click
on the link below https//www.reportsanddata.com/
report-detail/bioplastic-packaging-market
5 Our Approach
Market Summary
- Key participants include Nature works LCC,
Innovia Films, Arkema, Barskem, Mitsubishi
Plastics Inc, Koninklijke DSM N.V., BASF, Evonik
Industries, Cardia Bioplastic Packaging, Dow
Chemical Company, Novamont, Metabolix Inc - For the purpose of this study, Reports and Data
have segmented the global Antibody production
market on the basis of Type, Material Type,
Applications, End Users and Region - Type (Revenue, USD Million 20162026)
- Rigid packaging
- Flexible Packaging
- Other
- Material Type (Revenue, USD Million 20162026)
- Starch Blend
- Polylactic Acid (PLA)
- Polyethylene Terephalate
- Polyhydroxyalkanoates (PHA)
- Polythene
- Others
6 Our Approach
Market Summary
- Applications (Revenue, USD Million 20162026)
- Food and beverages Market
- Consumer Goods Market
- Cosmetic Personal Care Market
- Pharmaceuticals Market
- Agriculture and Horticulture Market
- Textiles Market
- Others
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7About Us
Our Approach
About Us
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