Bioplastic packaging is a packaging material derived from bio-based resins contrary to petrochemical based. Resins provide properties like tensile strength, enhanced impact resistance, etc. to the packaging material and protect the packed product. Bioplastics are majorly used by packaging industry, especially for non-durable products. It functions for one-time use, which leads the packaging products to be wastes. Hence, there is crucial need for biodegradable bioplastic packaging. In addition, there is need and demand for sustainable and renewable packaging products.
Polylactic acid (PLA), bio-PET, bio-PP, PHA, etc. are the bio-based resins used in the production of bioplastic packaging. This has boosted its applications in food and beverages, kitchen utensils and electronics industries. Global bioplastic packaging market is segmented based on product types as non-biodegradable and biodegradable. Non-biodegradable is further segmented as bio-PET, bio-PE, PTT and others; and biodegradable as PLA, biodegradable starch blends, biodegradable polyesters and others that includes PHA, regenerated cellulose, etc. Based on end-use, global bioplastic packaging market is segmented as food packaging, beverage packaging, foodservice packaging, and medical packaging.
Food and beverages, pharmaceuticals, and others that include consumer goods, agriculture, etc. are the leading sectors in global bioplastic packaging market. Textiles is the potential sector of application for global bioplastic packaging market. Consumer awareness for biorenewable products will drive the global bioplastic packaging market. As a substitute to petrochemical-based packaging material, bioplastic packaging materials are in focus of the chemical manufacturers. These manufacturers are investing in the research and development of bioplastic based packaging for cost efficiency and reducing greenhouse gas emission.
Owing to the stringent regulations on environment, Europe is expected to be the largest markets in global bioplastic packaging industry. Asia Pacific is projected to be a potential market over the forecast period. Flourishing packaging industry in countries such as India and China will drive the Asia Pacific bioplastic packaging market. Pharmaceutical, food & beverage, and consumer goods are expected to add rapid growth to Asia Pacific bioplastic packaging market.
Decision Databases is involved in providing research reports and company profiles in the global bioplastic packaging market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The bioplastic packaging market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our bioplastic packaging profiles.
SEGMENTATIONS IN REPORT:
Bioplastic Packaging By Types:
1. INTRODUCTION OF BIOPLASTIC PACKAGING MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF BIOPLASTIC PACKAGING
4. BIOPLASTIC PACKAGING MARKET ANALYSIS BY TYPES
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