Bioplastic Packaging Market Size, Business Overview, Challenges, Opportunities, Trends and Market Analysis By 2023
Key Players
The key players in the global Bioplastic Packaging Market Size, include Arkema Group (France), BASF SE (Germany), Biome Bioplastics Limited. (UK), DaniMer Scientific LLC (USA), Dow Chemical Company (USA), Eastman Chemical Company (USA), FKuR Kunststoff (Germany), Koninklijke DSM N.V. (the Netherlands), Metabolix Inc. (USA), NatureWorks LLC (USA), and Novamont S.P.A. (Italy).
Regional Analysis
On the basis of regions, global Bioplastic Packaging Market Size, is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). European region dominates the global Bioplastic Packaging Market Size, followed by North America and the Asia Pacific. High adoption of green packaging solutions, as well as the stringent governing framework for synthetic polymers, is anticipated to provide an impetus to the growth of the market. In Europe, the supportive government policies that include helps the consumers to give preference towards procurement of biobased products. Also in EU, member states are reducing the taxes for biobased products.
Segmentation: Global Bioplastic Packaging Market Size,
On the basis of the application, the market is segmented as plastic bottles, packaging, and others. Packaging segment dominates the market in terms of application and is expected to be the fastest growing application over the forecast period. Bioplastics are broadly used in the packaging industry for food packaging, pharmaceuticals packaging, and goods packaging. It is increasingly used in the single-use packaging materials such as shopping bags. Additionally, growth in awareness about the environment pollution and ban on conventional plastics further boost the growth of the bioplastics market.
Industry News
In March 2017, FKuR, the bioplastic producer, launched a new Bio-Flex Blends for home compostable films and packaging. It meets the stringent requirements of the French Energy Transition Law for plastic bags. The new Bio-Flex blends are designed for the production of low gauge films that will biodegrade completely in garden compost at low and variable temperatures.
In April 2017, Biome Bioplastics, U.K-based one of the leading developers of intelligent, natural plastics, has developed a plastic from plant-based sources intended for the production of takeaway beverage cups. The company has launched a range of bio-based plastics for cups and lids to enable retailers and packaging manufacturers to offer consumers a more sustainable option.
Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/bioplastic-packaging-market-1498
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.