Bioplastic Packaging Market Research Report - Forecast to 2021

Bioplastic Packaging Market Research Report - Global
Forecast to 2021
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2021
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Bioplastic Packaging Market
Global Bioplastic Packaging Market Information by Type (Bio-PET, PLA & PLA blends, Bio-PP, and others) by Application
(Food & Beverages, Pharmaceuticals, Food service, and others) and Region - Forecast to 2021
Global Bioplastic Packaging Market - Overview
Bioplastics are a biodegradable group of polymers that can be manufactured from renewable sources. Demand for conventional polymers are declining
mainly due to the fact that they can last for a very long time, can be hazardous to current life and the ecosystem. Hence, the demand for Bioplastics is
increasing rapidly.
According to a recent study report published by the Market Research Future, The global market of Bioplastic Packaging is booming and expected to
gain prominence over the forecast period. The Global Bioplastic Packaging market is forecasted to demonstrate an exponential growth by 2023,
surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2017 – 2023).
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Bioplastic Packaging Market
Key Players:
BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, NatureWorks LLC, Metabolix Inc., Arkema Group,
Novamont S.p.A., Biome Bioplastics Limited., FKuR Kunststoff and DaniMer Scientific LLC. are some of the prominent players profiled in MRFR
Analysis and are at the forefront of competition in the Global Bioplastic Packaging Market.
Competitive Analysis
Global Bioplastic Packaging Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active
in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement &
Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during
the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with
customers to support their competitive position.
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Bioplastic Packaging Market
Industry News
In March 2017, FKuR, Bioplastics producer, has launched new Bio-Flex Blends for home compostable films and packaging. It meet 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, variable temperatures.
In April 2017, UK-based bioplastics manufacturer, Biome Bioplastics has unveiled a plastic made 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.
In May 2017, BASF introduces an entirely new and partly bio-based copolyamide for packaging. It offers greater transparency, increased softness and
improved tear and puncture resistance even at low temperatures, making it ideal for soft packaging.
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Bioplastic Packaging Market
Segmentation
On the basis of type, market is segmented into Bio-PET, PLA & PLA blends, Bio-PP, and others. PLA bases bioplastics are expected to be influenced by
incorporation of nanotechnology-based packaging that makes them environmentally safe and ensures the safety of products as well.
Based on Application segment the market is segmented into Food & Beverages, Pharmaceuticals, Food service, and others. Plastic segment dominates
material segment of the market. Food & Beverage segment dominates end user segment of the market. Rising demand for food & beverages among the
consumers driving the growth of the market. The pharmaceutical industry is also contributing to the growth of bioplastic packaging market with high
demand for such packaging.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
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Bioplastic Packaging Market
Major Players
The key players of Global Bioplastic Packaging Market report include- BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical
Company, NatureWorks LLC, Metabolix Inc., Arkema Group, Novamont S.p.A., Biome Bioplastics Limited., FKuR Kunststoff and DaniMer Scientific
LLC.
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Global Bioplastic Packaging Market Information by Type (Bio-PET, PLA & PLA blends, Bio-PP, and others) by Application (Food & Beverages, Pharmaceuticals, Food service, and others) and Region - Forecast to 2021 Globally there is a surge in the food & beverages and pharmaceutical industries which has augmented the market for bioplastic packaging. With rapid urbanization and change in lifestyles, the consumption of convenience packaged food products have gone high. This results in growth of food & beverage industries. This further has stimulated the market for bioplastic packaging. Global bioplastic packaging market is segmented on the basis of Type, Application and Region. On the basis of type it is segmented as Bio-PET, PLA & PLA blends, Bio-PP, and others. On the basis of application it is segmented as food & beverages, food service, and others. Additionally on the basis of region, it is segmented as North America, Europe, APAC and Rest of the World. Request Report Sample @ https://www.marketresearchfuture.com/sample_request/1498