Increasing awareness among customers about the adverse impact of conventional plastics
Today, customers are more aware of the adverse impact of conventional plastic on their lifestyle. Thus, consumers are demanding more environmentally friendly products that decrease the use of petroleum and natural gas, thereby, reduce carbon footprints. Currently, bioplastic is an alternative for nearly every conventional plastic material in diverse applications. Bioplastics offer innovative solutions with enhanced properties along with a distinctive ability to reduce emissions and provide the same qualities and functionalities as that of conventional plastic. These biodegradable packaging materials are made using renewable resources as well as fossil raw materials such as cellulose ester, PLA, PHA, starch derivatives, copolyesters like PBS and PBAT, etc.
Some of the key players influencing the Bioplastic Packaging Industry are
- Braskem S.A.
- Arkema Group
- The Dow Chemical Company
- BASF SE
- Cardia Bioplastics
- Corbion N.V.
- Evonik Industries AG
- Koninklijke DSM N.V.
- NatureWorks LLC
- Novamont S.p.A.
Plastic packaging is extensively used in the range of applications such as FMCG, food & beverages, pharmaceutical, consumer goods, etc. This increased use of plastic in several application is responsible for rising plastic pollution. Thus, recycling and reuse of plastic are becoming foremost important for innovation and sustainability. Moreover, conventional plastic is expected to become more expensive in the future with diminishing raw material sources.
During the last few years, bioplastic has influenced the plastic industry through innovation for more resource efficiency, functionality, and sustainability. Bioplastic is playing a significant role to increase recycling targets and waste management by substituting petroleum resources with renewable resources. Bioplastics are manufactured using renewable plant-based resources which offer low toxicity, better recyclability, and high bio-degradability.
The "Global Bioplastic Packaging Market Analysis to 2027" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Bioplastic Packaging market with detailed market segmentation raw material, flavor type, product type, packaging type, and geography. The global Bioplastic Packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Bioplastic Packaging market players and offers key trends and opportunities in the market.