Biodegradable Packaging Is Fastest Growing Segment Fueling The Growth Of Bioplastic Packaging Market

The global Bioplastic Packaging Market to reach USD 34.24 billion by 2024, driven by the rising consumer demand for resource efficient and eco-friendly products.

Europe was the largest market accounting for 32.7% of the volume share in 2016 due to supporting regulations coupled with consumer awareness regarding the conservation of the environment.

North America and Asia Pacific followed suit, where the regions together are expected to contribute USD 3.26 billion by 2024.Keeping these driving factors in mind, companies are ramping up their production capacity as well as foraying into R of application of new biopolymers into mainstream applications.

For instance, in October 2016, BASF and Avantium entered into a joint venture to form Synvina JV, which will manufacture and market FDCA and PEF.

For instance, in April 2017, UK-based Biome Bioplastics developed a fully compostable and recyclable coffee cup made entirely from bioplastic materials.

These factors together are expected to provide an impetus to the growth of the bioplastic packaging market over the next seven years.Browse Details of Report @ https://www.hexaresearch.com/research-report/bioplastic-packaging-marketPET dominated the global market contributing to USD 1.84 billion in 2016.

According to 6Wresearch, North America Polyethylene Market size is expected to witness moderate growth during 2019-2025.

The United States is the leading revenue generating country in the North America polyethylene market on account of the rising packaging sector and favorable government policies regarding bio-derived polyethylene products.

The US government has exempted tax on bioplastic resin manufacturing to give a boost to the growth of the packaging sector and bioplastic products.

Moreover, government programs such as the “Biorefinery Assistance Program” provide loan guarantees for the development, retrofitting, and construction of biorefineries and recycling plants in the United States which would result in a further surge in demand for biodegradable polyethylene.

Key Highlights of the Report:Market Size & Forecast of North America Polyethylene Market Revenues, By Technologies, until 2025Historical Data of North America Polyethylene Market Revenues, By End-Users Industry, for the Period 2015-2018Market Size & Forecast of North America Polyethylene Market Revenues, By End-Users Industry, until 2025Historical Data of United States Polyethylene Market Revenues, for the Period 2015-2018Market Size & Forecast of United States Polyethylene Market Revenues, until 2025Historical Data of Canada Polyethylene Market Revenues, for the Period 2015-2018Market Size & Forecast of Canada Polyethylene Market Revenues, until 2025Historical Data of Rest of North America Polyethylene Market Revenues, for the Period 2015-2018Market Size & Forecast of Rest of North America Polyethylene Market Revenues, until 2025North America Polyethylene Market OverviewNorth America Polyethylene Market OutlookNorth America Polyethylene Market ForecastHistorical Data of North America Polyethylene Revenues for the Period 2015-2018North America Polyethylene Market Size and Forecast of Revenues, Until 2025Historical Data of North America Polyethylene Market Revenues, By Types, for the Period 2015-2018Market Size & Forecast of North America Polyethylene Market Revenues, By Types, until 2025Historical Data of North America Polyethylene Market Revenues, By Technologies, for the Period 2015-2018 About Us-6Wresearch is the premier, one stop market intelligence and advisory centre, known for its best in class business research and consulting activity.

We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.Contact Us: Phone: +911143024305 | Email Id: [email protected]

The Global Bioplastic Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Bioplastic is an organic material in which all carbons are derived from renewable resources via biological processes.

The biodegradation of bioplastic may vary widely depending upon the proportion of bio-based ingredients and the conditions (temperature and environment).

Hence, it may or may not be biodegradable.

Some, but not all, bio-based plastic are designed to biodegrade.

Bioplastic are made from various renewable biomass sources such as vegetable fats and oils, cornstarch, pea starch, microbiota, potatoes, rice, tapioca, palm fiber, wood cellulose, agricultural byproducts, wheat fiber and bagasse.

Industry InsightThe fast-emerging Bioplastic Packaging Market 2020 is noticing escalated growth, which has been recorded at an exponential CAGR by Market Research Future after an in-depth study.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1498Top Impacting FactorsMRFR, in its study, has emphasized a fact that the global market for bioplastic packaging is rising as there has been a considerable shift in preference from synthetically derived chemical products to eco-friendly substitutes.

The bioplastic packaging market has also been mainly driven by the mounting alertness of the adverse effects of conventional plastics, which has steered both consumers and regulatory bodies to opt for bioplastic in place of conventional plastic.

In fact, it is the textile industry that is expected to be a lucrative application for bioplastic packaging in light of the rise in awareness towards the deployment of environment protection practices.

In contrast, factor such as high complexity associated with the production of bioplastic packaging materials through agro-based raw materials is likely to be a challenging factor for the market to expand in the near future.But on the brighter side, the factor such as surging demand for bio-based PET in packaging on account of rising R expenditure by beverage manufacturers such as The Coca Cola Company and PepsiCo is highly likely to tap new markets over the forecast period.Top Market ContendersThe well-known players in the Bioplastic Packaging market are listed as Dow Chemical Company, BASF SE, Eastman Chemical Company, Koninklijke DSM N.V., NatureWorks LLC, IFS Chemicals, Arkema Group, Metabolix Inc., Albis Plastics, Novamont S.p.A.,  Biome Bioplastics Limited., Innovia Films, Grace Biotech, FKuR Kunststoff, and DaniMer Scientific LLC.Segmentation of Market: Bioplastic PackagingThe global bioplastic packaging market is also studied and segmented over various segments of application and type.

Bio-PET segment leads the market owing to extensive use in bottling and packaging industries.

VALLEY COTTAGE, N.Y., (GLOBE NEWSWIRE) -- Future Market Insights (FMI) has published a new research study on the automotive bioplastic market that contains global industry analysis for 2014 - 2018 and opportunity assessment for 2019 - 2029.

As per the comprehensive analysis provided in the report, the global automotive bioplastic market is anticipated to witness considerable growth in the coming years owing to the steady increase in the adoption of bioplastic materials for various car components.Application wise, the interior segment is expected to hold prominent value share of the global automotive bioplastic market.

This segment includes seats, dashboard, air-duct, HVAC, and other related interior components.Automotive bioplastic materials tend to reduce dependency on fossil resources, according to FMI’s analysis.

Automotive bioplastics help reduce the dependency on limited fossil resources, which is a key growth driver for market, with fuel prices projected to surge significantly over the coming years.Rising Demand for Electric Vehicles to Create High Growth OpportunitiesIncreasing environmental awareness and inconsistent fuel prices have influenced consumers, particularly in developed countries of North America and Europe, to opt for electric car models, such as plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV).

Growing urban population, incentives for use of electric vehicles, reducing battery prices, strengthening transportation infrastructure in developed and emerging countries, and inter-governmental steps for electric vehicles are further driving the adoption of electric cars.

Companies are heavily investing in research & development and manufacturing strategies to reduce the weight of several body components.

Global sales of bioplastics for packaging was valued at US$ 3,603.2Mn in 2016, and is projected to increase at a CAGR of 14.4% over 2017–2027.

RRI delivers key insights on the global bioplastics for packagingmarket in its latest report titled,“Bioplastics for Packaging Market: Global Industry Analysis, Size, Sales and Forecast By 2027”, In terms of volume, the global bioplastics for packagingmarket is projected to increase at a CAGR of 13.8%during the forecast period 2017–2027 owing to various factors, regarding which RRI offers vital insights in detail in this report.

Report For Sample with Table of Contents@ https://www.researchreportinsights.com/report/sample/110114962/Bioplastics-for-Packaging-Market

The need for asustainable packaging material, due to rising issue of landfilling is expected to stimulate the sales of bioplastics for packaging across the globe by 2027 end.

Key manufacturers of bioplastics for packaging are focused on creating a high value product by reducing the cost as well as optimizing the efficiency of the system. Manufacturers are using bioplastics as packaging material and investing in developing materials like PEF which have better properties than Bio-Pet.Recently PEF material is under research phase but will soon be produced at a commercial level.

Due to high processing cost, bioplastics used as packaging material poses a serious challenge for the bioplastics for packaging manufacturers to comply with the industry standards. Besides that, some of the packaging material require special processing techniques as they are less compatible with conventional machines and processing techniques.

On the basis of material type, the global bioplastics for packaging market is segmented into Bio-PET, Bio-PE, Bio-PA, Bio-PP, Bio-PS, PLA, PHA, starch blends and others(PCL,PBAT etc.). Starch blends and PLA are the most popular choice of material for bioplastics for packaging due to their biodegradability andlow processing cost.

The global bioplastics for packaging market is segmented into bottles, cups, trays, clamshell, films, bags, pouch & sachet and others, on the basis of application. Bottle segment is expected to account for a market revenue share of 30.1% by the end of 2027.

Request For Report Discount@ https://www.researchreportinsights.com/report/discount/110114962/Bioplastics-for-Packaging-Market 

On the basis of end user, the global bioplastics for packaging market is segmented into food & beverage, cosmetics & personal care, pharmaceuticals, consumer goods, industrial goods and others (automobile, electrical & electronics). The food & beverage segment is expected to create an incremental $ opportunity of US$ 9,975.15 Mn during the forecast period.

On the basis of region, the global bioplastics for packaging market is segmented into North America, Latin America, Eastern Europe, Western Europe, APEJ, MEA, and Japan. Western Europe is estimated to dominate the global bioplastics for packagingmarket in terms of both value and volume.

Key players in the global bioplastics for packaging market includes The Dow Chemical Company, Braskem S.A BASF SE, Tetra Pak International S.A, ALPLA WerkeAlwinLehner GmbH & Co KG, Corbion, NatureWorks LLC, NovamontS.p.A, Mondi Group, UflexLtd, Amcor Limited, Berry Global, Inc., BARBIER GROUP, Jolybar GROUP, Virent, Inc., Biome Bioplastics Limited, Plastipak Holdings, Inc., Toray Industries Inc, SECOS Group Limited, and Evoware.

Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends.

Our research services cover global as well as regional emerging markets such as BRICS, GCC, and ASEAN. Our offerings cover a broad spectrum of verticals which include Oil and Gas, Chemicals, Materials, Energy, Technology, Automotive, and Retail. The operating model of RRI blends cross-disciplinary research experience to deploy insightful, in-depth, and actionable research.

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Report Analysis@ https://www.researchreportinsights.com/report/rd/110114962/Bioplastics-for-Packaging-Marketv

Horticulture Bioplastic market is segmented by region (country), players, by Type, and by Application.

Players, stakeholders, and other participants in the global Horticulture Bioplastic market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Horticulture Bioplastic market is segmented into:Bio basedPetrochemical basedDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60340/global-japan-horticulture-bioplastic-2026-99Segment by Application, the Horticulture Bioplastic market is segmented into:Rigid PackagingFlexible PackagingTextileAgriculture & HorticultureConsumer GoodAutomotiveElectronicBuilding & ConstructionOthersRegional and Country-level Analysis:The Horticulture Bioplastic market is analysed and market size information is provided by regions (countries).The key regions covered in the Horticulture Bioplastic market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.

It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Horticulture Bioplastic Market Share Analysis:Horticulture Bioplastic market competitive landscape provides details and data information by players.

The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.