Bioplastic Packaging Material -MARKET ADVISORY SERVICES
Bioplastic Packaging Material report researches the worldwide its market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.Bioplastics are plastics made from renewable biomass sources or food crops such as vegetable fat, corn starch, vegetable oil, pea starch, and microbiota.
Mainly, the food and beverage industry encompasses the use of bioplastic packaging material for food packaging and other uses.
Bioplastics thus have expected to achieve a prominent position in the global F sector mainly due to the advantage it offers.
The sources include biomass, biopolymers and bioplastics as the most innovative packaging materials for food materials which also augments the demand according to consumer preference.
Moreover, growth of the global packaging market is likely to propel the growth over the projected period.
Global sales of bioplastics for packaging was valued at US$ 3,603.2Mn in 2016, and is projected to increase at a CAGR of 14.4% over 2017–2027.
RRI delivers key insights on the global bioplastics for packagingmarket in its latest report titled,“Bioplastics for Packaging Market: Global Industry Analysis, Size, Sales and Forecast By 2027”, In terms of volume, the global bioplastics for packagingmarket is projected to increase at a CAGR of 13.8%during the forecast period 2017–2027 owing to various factors, regarding which RRI offers vital insights in detail in this report.
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The need for asustainable packaging material, due to rising issue of landfilling is expected to stimulate the sales of bioplastics for packaging across the globe by 2027 end.
Key manufacturers of bioplastics for packaging are focused on creating a high value product by reducing the cost as well as optimizing the efficiency of the system. Manufacturers are using bioplastics as packaging material and investing in developing materials like PEF which have better properties than Bio-Pet.Recently PEF material is under research phase but will soon be produced at a commercial level.
Due to high processing cost, bioplastics used as packaging material poses a serious challenge for the bioplastics for packaging manufacturers to comply with the industry standards. Besides that, some of the packaging material require special processing techniques as they are less compatible with conventional machines and processing techniques.
On the basis of material type, the global bioplastics for packaging market is segmented into Bio-PET, Bio-PE, Bio-PA, Bio-PP, Bio-PS, PLA, PHA, starch blends and others(PCL,PBAT etc.). Starch blends and PLA are the most popular choice of material for bioplastics for packaging due to their biodegradability andlow processing cost.
The global bioplastics for packaging market is segmented into bottles, cups, trays, clamshell, films, bags, pouch & sachet and others, on the basis of application. Bottle segment is expected to account for a market revenue share of 30.1% by the end of 2027.
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On the basis of end user, the global bioplastics for packaging market is segmented into food & beverage, cosmetics & personal care, pharmaceuticals, consumer goods, industrial goods and others (automobile, electrical & electronics). The food & beverage segment is expected to create an incremental $ opportunity of US$ 9,975.15 Mn during the forecast period.
On the basis of region, the global bioplastics for packaging market is segmented into North America, Latin America, Eastern Europe, Western Europe, APEJ, MEA, and Japan. Western Europe is estimated to dominate the global bioplastics for packagingmarket in terms of both value and volume.
Key players in the global bioplastics for packaging market includes The Dow Chemical Company, Braskem S.A BASF SE, Tetra Pak International S.A, ALPLA WerkeAlwinLehner GmbH & Co KG, Corbion, NatureWorks LLC, NovamontS.p.A, Mondi Group, UflexLtd, Amcor Limited, Berry Global, Inc., BARBIER GROUP, Jolybar GROUP, Virent, Inc., Biome Bioplastics Limited, Plastipak Holdings, Inc., Toray Industries Inc, SECOS Group Limited, and Evoware.
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Global corn-based plastics for Packaging market: Introduction
Corn-based plastics are primarily a biodegradable group of polymers that can be manufactured from renewable resources.
One of the key factors positively influencing preference for corn-based plastics is that they are 100% biodegradable, which results in less pollution.
Another important property possessed by corn-based plastics is that they are carbon neutral which results in reducing the number of greenhouse gases significantly.
Amidst rising concerns regarding the pollution caused by the usage of conventional plastics, corn-based plastics have been widely regarded as an appropriate alternative.
Global corn-based plastics for Packaging market: Segmentation