Bioplastic Packaging Market Forecast and Opportunity Assessment till 2028
Stratview Research has published a new report titled “Bioplastic Packaging Market” which 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).
As per the study, the market is expected to grow from USD 14.38 billion in 2022 to USD 36.10 Billion by 2028 at a healthy CAGR of 16.58% during the forecast period of 2023-2028.
Read more: https://www.stratviewresearch.com/1178/bioplastic-packaging-market.html
Biodegradable plastics that are made up of biological substances without petroleum are termed bioplastics. They are generally produced with microorganisms, renewable raw materials, petrochemicals, or combinations of all three.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Product Type
The market is segmented into rigid packaging and flexible packaging.
The Flexible Packaging segment is expected to be the largest market with a share of >50% and is a higher-growing segment during the forecast period owing to its vast application in beauty & personal care products and as bottles for beverages.
Which Region is expected to remain the largest market?
Europe is estimated to be the largest region with a share of >30% of the bioplastic packaging market during the forecast period.
Growing awareness among the population towards the harmful effects of plastics coupled with government initiatives and regulations have resulted in increased use of bioplastics in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players acting in the Bioplastic Packaging Market:
The Dow Chemical Company
Metabolix, Inc.
Novamont S.p.A, LLC
Innovia Films, Ltd
NatureWorks
Braskem S.A
BASF SE
Arkema S.A.
Koninklijke DSM N.V.
Key questions answered by the report.
What is the projected CAGR for revenue from the Bioplastic Packaging Market during the forecast period?
What would the market be valued at by 2028?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Bioplastic Packaging Market?
Which are the major market players?
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