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Bioplastic Packaging Market | Covid-19 Impact Analysis
The Bioplastic Packaging Market is Segmented By Material Type (BIO-PET, BIO-PE, BIO-PA, Other Bio-Based/Non-Biodegradable Materials, Starch Blends, PLA, PBAT, PHA, and Other Biodegradable Materials), By Product Type (Rigid Packaging, Flexible Packaging), By End-Use Industry Type(Food, Beverage, Pharmaceuticals, Personal Care & Household Care, and Others), and by Region (North America, Europe, Asia-Pacific, South America and The Middle East& Africa)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Bioplastic packaging market is likely to witness a steady CAGR of 14.2% during the forecast period. Increasing concerns for environment due to climate change and global warming is forcing government and organizations to shift towards bioplastic products. Reduction in plastic products will result into reduction in greenhouse effects, a major factor responsible for climate change and global warming. These efforts to reduce greenhouse gas emissions coupled with growing awareness to reduce the amount of organic waste is driving the bioplastic packaging market.
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Bioplastic Packaging Market - Snapshot |
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Growth |
14.2% for the next five years |
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Highest Growing Product Type |
Rigid Packaging |
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Fastest Growing Region |
The Middle East & Africa |
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The Dow Chemical Company, Metabolix, Inc., Novamont S.p.A, LLC, Innovia Films, Ltd, NatureWorks, Braskem S.A, BASF SE, Arkema S.A., and Koninklijke DSM N.V. |
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Based on the product type, the bioplastic packaging market is segmented as rigid packaging and flexible packaging. The rigid packaging segment is expected to be the higher-growing segment during the forecast period owing to its vast application in beauty & personal care products and as bottles for beverages.
In terms of regions, Europe is estimated to be the largest region for the bioplastic packaging market during the forecast period. Growing awareness among the population towards harmful effects of plastics coupled with government initiatives and regulations have resulted into increased use of bioplastics in the region.
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Some of the major market players are-
Biodegradable plastics that are made up of biological substance without petroleum are termed as bioplastics. They are generally produced with micro-organisms, renewable raw materials, petrochemicals, or combinations of all three.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Bioplastic Packaging Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
24 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The bioplastic packaging market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The bioplastic packaging market is expected to witness an impressive growth of 14.2% CAGR in the foreseeable future.
The Dow Chemical Company, Metabolix, Inc., Novamont S.p.A, LLC, Innovia Films, Ltd, NatureWorks, Braskem S.A, BASF SE, Arkema S.A., and Koninklijke DSM N.V. are among the key players in the bioplastic packaging market.
Europe is expected to be the largest bioplastic packaging market during the next five years.
The rigid packaging segment is expected to be higher growing segment in the bioplastic packaging market in the coming years.
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