BIOPLASTICS PACKAGING Market are a special category of plastic which are sourced or created from renewable biodegradable products, such as oils, cellulose, starch, fats, straws, alcohols, acid, etc. Although it isn’t just sourced from these materials they are produced from recyclable plastics as well. They are degradable, and are already in consumption from different industrial verticals such as consumer goods, pharmaceutical and food & beverages market.
Global bioplastics packaging market is expected to rise to an estimated value of USD 41.71 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in demand for durable packaging products, as well as initiatives undertaken by the governments of various regions to promote the manufacturers producing bioplastics packaging products.
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Competitive Analysis: Global BIOPLASTICS PACKAGING Market
Few of the major competitors currently working in the bioplastics packaging market are Dow; BASF SE; Koninklijke DSM N.V.; Novamont S.p.A.; ALBIS PLASTIC GmbH; Arkema; Braskem; Corbion; NatureWorks LLC; CCL Industries; Mitsubishi Chemical Corporation; BIO-ON; ECM BioFilms; Solvay; Eastman Chemical Company; FKuR Kunststoff GmbH; VIRENT, INC.; Danimer Scientific; IFS Group; Biome Bioplastics; Tetra Pak International S.A.; Berry Global Inc.; Mondi; Amcor Limited; Uflex Limited; ALPLA; Barbier Group; Plastipak Holdings, Inc.; TORAY INDUSTRIES, INC. and Cardia Bioplastics.
Key Pointers Covered in the Global BIOPLASTICS PACKAGING Market Trends and Forecast to 2026
- Global BIOPLASTICS PACKAGING Market New Sales Volumes
- Global BIOPLASTICS PACKAGING Market Replacement Sales Volumes
- Global BIOPLASTICS PACKAGING Market Installed Base
- Global BIOPLASTICS PACKAGING Market By Brands
- Global BIOPLASTICS PACKAGING Market Size
- Global BIOPLASTICS PACKAGING Market Procedure Volumes
- Global BIOPLASTICS PACKAGING Market Product Price Analysis
- Global BIOPLASTICS PACKAGING Market Healthcare Outcomes
- Global BIOPLASTICS PACKAGING Market Cost of Care Analysis
- Global BIOPLASTICS PACKAGING Market Regulatory Framework and Changes
- Global BIOPLASTICS PACKAGING Market Prices and Reimbursement Analysis
- Global BIOPLASTICS PACKAGING Market Shares in Different Regions
- Recent Developments for Global BIOPLASTICS PACKAGING Market Competitors
- Global BIOPLASTICS PACKAGING Market Upcoming Applications
- Global BIOPLASTICS PACKAGING Market Innovators Study
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Key Developments in the Market:
- In February 2019, BIO-ON announced that they had agreed with Innova Imagen SA de CV for the production of (PHA) polyhydroxyalkanoate biopolymers in Mexico. The agreement terms are the construction of a production plant in Mexico for the production of polyhydroxyalkanoate biopolymers. The agreement also includes the licensing of BIO-ON’s PHA technology for which they are expected to receive approximately USD 56.7 million.
- In December 2018, BIO-ON announced the creation of a new company “ZEROPACK” in collaboration with Rivoira which has acquired worldwide licensing of patents for bioplastic packaging goods and products for 10 million Euros. The creation of this company is aimed at providing the distributors with a regular supply of bioplastics packaging goods for use in food & beverage sectors.
Scope of the BIOPLASTICS PACKAGING Market
- Global Bioplastics Packaging Market By Product (Bio-PET, PLA & PLA Blends, Starch Blends, Bio-PP, Bio-PA, TPS, PHA, Bio-PE, PBS, Aliphati & Aromatic Polyesters, Cellulose, Molded Fiber, AAC, WSP, Others), Application Type (Bottles, Pouch & Sachet, Trays, Clamshells, Cups, Films, Bags, Others), Extraction Technology (Injection Molding, Biomass, Pelletizing, Non-Biodegradable Bio-Derived Thermoplastics, Petrochemical Synthesization, Bio-Derived Monomers Synthesization, Natural or GMO, Others), End-Users (Food & Beverages, Consumer Goods, Pharmaceuticals, Industrial Goods, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
- Global bioplastics packaging market is expected to rise to an estimated value of USD 41.71 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in demand for durable packaging products, as well as initiatives undertaken by the governments of various regions to promote the manufacturers producing bioplastics packaging products.
- Bioplastics are a special category of plastic which are sourced or created from renewable biodegradable products, such as oils, cellulose, starch, fats, straws, alcohols, acid, etc. Although it isn’t just sourced from these materials they are produced from recyclable plastics as well. They are degradable, and are already in consumption from different industrial verticals such as consumer goods, pharmaceutical and food & beverages market.
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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