Dallas, Texas, April 25, 2019 (GLOBE NEWSWIRE) -- The global bioplastic packaging market size is estimated to witness the hike of USD 28.57 billion by 2025. With the increasing growth in terms of revenue is attributed to the rising environmental and social crisis arising from the self-disposal and renewability problems of the petroleum derived packaging materials. The rapidly increasing societal awareness regarding the environmental impact of food and packaging wastes have led to the growth in the bioplastic packaging market share in recent times.
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The market research report on global bioplastic packaging studies the market demand, key drivers, restraints, and opportunities including trending scenario for the period ranging from 2015 to 2025. The report delivers the historical trends from 2015 to 2017 and market forecast from 2018 to 2025. Moreover, the report learns about the current status and future prospects of the market at global as well country level. The global bioplastic packaging market is segmented on the basis of solution, end-user, vertical and geography.
The bio plastic is formed from biomass and food crops in-addition the supply of low cost, bio-based raw materials is greatly boosting the market. But in most countries regulation and legislation has inspired additional environmentally property business practices as an example, the Government’s drive towards achieving a ‘zero waste’ economy, through reducing waste and increasing exercise, has fostered Associate in Nursing multiplied consciousness of resource potency. This awareness has indirectly promoted the employment of bioplastic packaging product.
The “Global Bioplastic Packaging Market Size 2017 by Raw Material (PET, PE, Other Non-Biodegradable, PBAT, PBS, PLA, PHA, Starch Blend), by Product (Rigid, Flexible), by Application (Plastic, Bottle, Food Packaging, Others), By Region (US, Rest of North America, UK, Spain, Italy, France, Rest of Europe, China, India, Japan, Southeast Asia Brazil, Mexico, Rest of America, GCC Countries, South Africa and Rest of MEA) and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Based on the raw material, the global bioplastic packaging market is categorized by PET, PE, Other Non-Biodegradable, PBAT, PBS, PLA, PHA, and Starch Blend. Packaging from bio based plastics have been register to develop with the detailed introduction of new materials such as PHA, PLA, starch, and cellulose based materials. The market size is dominated by bioplastic packaging PET, generating the fastest growing revenue rate. Moreover, Bio PET has hugely found application in manufacturing plastic bottles as its thermal and mechanical properties are similar to the oil-based PET.
On the basis of product, the global bioplastic packaging market is fragmented into Rigid and Flexible. Furthermore in terms of applications, the global bioplastic packaging market is sub segmented into Plastic, Bottle, Food, Packaging, and Others.
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Looping on to the regional overview, the global bioplastic packaging market is wide range to North America, Europe, Asia Pacific, Latin America, and MEA. In 2017, Europe registered the largest market share in the global bioplastic packaging market and estimated to dominate the market during the forecast period. Moreover, regional industries have cleverly adopted bioplastic packaging over conventional plastics with an objective of transforming Europe into a proper waste management region. Regions such as Italy, Germany, and the UK are the key countries involved in the production and development of bioplastic packaging in Europe. Asia Pacific is estimated to witness the hike at the highest CAGR from 2018 to 2024. The large population base of the region is anticipated to supply growth opportunities for the bioplastic packaging market in Asia-Pacific.
Leading players of the global bioplastic packaging market include BASF SE, Koninklijke DSM, NatureWorks, LLC, Metabolix, The Dow Chemical Company, Mitsubishi Plastics Inc., Novamont S.p.A, Braskem SA, and ECM BioFilms.
Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Bioplastics packaging Market Overview, By Raw Material
Chapter 5. Bioplastics packaging Market Overview, By Application
Chapter 6. Bioplastics packaging Market Overview, By Product
Chapter 7. Bioplastics packaging Market Overview, By Region
Chapter 8. Industry Structure
Chapter 9. Company Profiles
Continued…
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