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Bioplastic Packaging Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2023–2028

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The Global Bioplastic Packaging Market was valued at USD 8.19 Billion in 2020 and is expected to reach USD 34.82 Billion by year 2028, at a CAGR of 19.9 %.

Based on current analysis, the Global bioplastic packaging market was valued at USD 8.19 Billion in year 2020 and is anticipated to reach USD 34.82 Billion by year 2028, 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.

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Market Overview:

A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Bioplastic Packaging market will reach USD XX billion in 2028, registering a strong revenue CAGR of XX%.

Some of the Leading Market Players Are Listed Below:

  • 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

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The Global Bioplastic Packaging Market Is Segmented Into:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentation:

Type (Revenue, USD Million; 2020–2028)

  • Rigid packaging
  • Flexible Packaging
  • Other

 Material Type (Revenue, USD Million; 2020–2028)

  • Starch Blend
  • Polylactic Acid (PLA)
  • Polyethylene Terephalate
  • Polyhydroxyalkanoates (PHA)
  • Polythene
  • Others

Applications (Revenue, USD Million; 2020–2028)

  • Food and beverages Market
  • Consumer Goods Market
  • Cosmetic Personal Care Market
  • Pharmaceuticals Market
  • Agriculture and Horticulture Market
  • Textiles Market
  • Others

End Users (Revenue, USD Million; 2020–2028)

  • Raw Material Suppliers/Buyers
  • Product Suppliers/Buyers
  • Research Institutes
  • Manufacturers/Producers
  • Agricultural Sector
  • Research Laboratories
  • Others

Some Points on How the Report Benefits Readers:

  • Deep-dive analysis of the key drivers, opportunities, and restraints.
  • Qualitative and quantitative analyses of the global Bioplastic Packaging market.
  • Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
  • Precise evaluation of each regional market’s production consumption capacities.
  • An overview of the highly competitive environment of the Bioplastic Packaging industry and company overviews.
  • Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.

 

Table of Contents (ToC) – Global Bioplastic Packaging Market

Chapter 1. Methodology Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

       1.4.1. Primary Sources

       1.4.2. Secondary Sources

       1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2023-2028

Chapter 3. Key Insights

Chapter 4. Global Pharma Healthcare Market Segmentation 

4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis

4.2. Industrial Outlook

       4.2.1. Market indicators analysis

       4.2.2. Market drivers’ analysis

       4.2.3. Market restraints analysis

 4.3. Technological Insights

 4.4. Porter’s Five Forces Analysis

 4.5. Regulatory Framework

 4.6. Price trend Analysis

 4.7. Competitive Metric Space Analysis

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