The Global Bioplastic Packaging Market was valued at USD 8.19 Billion in 2020 and is expected to reach USD 34.82 Billion by year 2028, at a CAGR of 19.9 %. Bioplastics are plastics made from biomass sources which are renewable in nature, such as, corn starch, waste food, vegetable fats and oils, etc. Bioplastics are generally derived from sugar derivatives consisting of cellulose, starch and lactic acids.
The need for reduction of plastics has now become global priority considering the negatives of plastics affecting the Earth on a large scale. The demand for conventional plastics is reducing in a reducing rate they are essentially very harmful for the environment. Well packaging of products is a necessity to present them in the market. With commencement of industrial and trade technologies, companies from all around the world have induced greater standing for the use of bioplastic packaging. The large number of products manufactured with the help of materials which will not be degraded for a longer period of time are creating high level of concern, especially in economies with are still undergoing development. The global bioplastic packaging is expanding due to rising awareness among the global population worldwide about the disturbing and harmful effects of conventional plastic packaging. The bioplastic packaging market is scattered with the presence of numerous manufacturers and producers in an existing market and is projected to grow in the coming years. Rise in the use of bioplastic packaging in almost all market sectors is driven by growing demand for sustainable and long-lasting products by consumers because of increasing awareness and education in environment and need to reduce the dependency on fossil fuels.
Request Sample of this report @ https://www.reportsanddata.com/sample-enquiry-form/1421
Further key findings from the report suggest
- UK based company, Biome Bioplastics is a natural plastic developer, has collaborated with plastic films manufacturer Futamura to display a range of bio based and compostable and multilayer films. This will boost the overall revenue generating capacity of the market
- Food and beverages sector are projected to be dominant, accounting to 67.3% of the market share in terms of revenue in 2017 and is expected to reach 69.0% b 2028
- Durability and sturdiness of the packaging product is important, therefore, everlasting bioplastics, namely, polythene produced from sugar cane is used to provide efficient substitute for oil-based equals
- Technologically advanced bio-polymer industries are presenting biodegradable plastic as solution to environmental complications over the conventional non-biodegradable plastic.
- Biodegradable plastic material used for packaging has a potential to diminish the volume of solid waste and reduce the needs for waste dumping. Biodegradable plastic packaging has also proved to suggests properties to resist fragility and resistance towards heat
- PHAs can replace most of the consumption of fossil fuel based plastic types. PHA is used as food wraps coating for paper and cardboard, plates, cups and also has distinguished medical uses
- Polylactic Acids decompose well in the presence of acids; therefore, they are used in some medical applications. This material of bioplastic is used in making bottles, food packing, grocery bags etc
- The ever-increasing awareness among general public about the ecological status of their lifestyle is one of the important key factors for global bioplastic packaging market
Request Latest Insights in this report@ https://www.reportsanddata.com/request-latest-insight/1421
Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the global Antibody production market on the basis of Type, Material Type, Applications, End Users and Region:
Type (Revenue, USD Million; 2020–2028)
- Rigid packaging
- Flexible Packaging
- Other
Material Type (Revenue, USD Million; 2020–2028)
- Starch Blend
- Polylactic Acid (PLA)
- Polyethylene Terephalate
- Polyhydroxyalkanoates (PHA)
- Polythene
- Others
Applications (Revenue, USD Million; 2020–2028)
- Food and beverages Market
- Consumer Goods Market
- Cosmetic Personal Care Market
- Pharmaceuticals Market
- Agriculture and Horticulture Market
- Textiles Market
- Others
End Users (Revenue, USD Million; 2020–2028)
- Raw Material Suppliers/Buyers
- Product Suppliers/Buyers
- Research Institutes
- Manufacturers/Producers
- Agricultural Sector
- Research Laboratories
- Others
Regional Outlook (Revenue in USD Million; 2020–2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
Request Customization on this report@ https://www.reportsanddata.com/request-customization-form/1421
Explore Trending Research Reports by Reports and Data
Flare Gas Recovery System Market https://www.globenewswire.com/news-release/2019/03/21/1758733/0/en/Flare-Gas-Recovery-System-Market-To-Reach-USD-3-02-Billion-By-2026.html
Fuel Ethanol Market https://www.globenewswire.com/news-release/2019/04/10/1802223/0/en/Fuel-Ethanol-Market-To-Reach-USD-122-35-Billion-By-2026-Reports-And-Data.html
Vacuum Gas Oil Market https://www.globenewswire.com/news-release/2019/04/17/1805654/0/en/Vacuum-Gas-Oil-Market-To-Reach-USD-509-60-Billion-By-2026-Reports-And-Data.html
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs