Oct 25, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Bioplastic Packaging Market.
It was estimated prior to this unanticipated outbreak that the Bioplastic Packaging Market likely to witness a promising CAGR of 14.2% during the forecast period. With the increasing population and extended life expectancy comes the growing ageing population, which demands for efficient care and comfort. This, along with the rising global health expenditure, rapid growth of implantable devices, and an incessant shift from traditional to advanced wound care products are some key factors adding a stir in the demand for Bioplastic Packagings, fueling the market’s growth during the forecast period. are some key factors adding a stir in the demand for Bioplastic Packagings, fueling the market’s growth during the forecast period.
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.
Segment Analysis
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.
Key Players:
Key players operating in the global Bioplastic Packaging market are-
- 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.
Features of the Report
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.
The Bioplastic Packaging analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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