Market Research On Bioplastics Packaging Market 2019 And Analysis To 2025
Bioplastics are primarily a biodegradable group of polymers that can be manufactured from renewable sources. Conventional plastics are increasingly becoming unpopular due to the fact that they can last for a very long time, can be hazardous to current life and the ecosystem in general, and rely heavily on the oil and gas industry for raw materials. Conventional plastics are used in nearly all industries as material for casings, electronics, packaging, and many other products. This high volume of products made out of materials that will not be degraded for centuries is creating a high level of concern, especially in developing economies, and emerging ones are swiftly following suit.
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Packaging solutions have incurred a predominant significance among every F&B company. Manufacturers of food products and beverages continue to adopt the most suitable packaging mechanism, befitting the packaging requirements of various kinds of products. Bioplastics packaging is, thus, expected to gain prominence in the global F&B sector, primarily due to the several advantages that it endures. Obtained from biomass sources, bioplastics or biopolymers are innovative packaging materials for food materials, the demand for which is deeply integrated to consumer preferences.
Preferences of consumers for organic/natural materials is slated to impact the growth of bioplastics packaging market. Along with this, government initiatives enacted in various countries and regions in the world promote the production of bioplastics over that of hazardous polymer and plastic materials. Besides the consumers keen inclination towards eco-friendly products and favorable support from industrial regulatory bodies and governments, the growth of the global bioplastics packaging market will also be driven by the sustainability of bioplastics packaging materials compared to others.
The global Bioplastics Packaging market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Bioplastics Packaging volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bioplastics Packaging market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
The Dow Chemical Company (Dow)
Segment by Regions
Segment by Type
PLA & PLA Blends
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Segment by Application
Food & Beverages
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