Ban on Conventional Plastics Driving Bioplastic Packaging Market Items

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Globally there is a surge in the food & beverages and pharmaceutical industries which has augmented the market for bioplastic packaging. With rapid urbanization and change in lifestyles, the consumption of convenience packaged food products have gone high. This results in growth of food & beverage industries. This further has stimulated the market for bioplastic packaging. The global Bioplastic Packaging Market Items is expected to grow at a staggering CAGR by 2023.

The key factor that is driving the global Bioplastic Packaging Items Market growth is the stringent government regulations against the consumption of non-recyclable plastics driving the growth of the industry. Other factors aiding the market growth include the availability of raw material for making bioplastic, growth in awareness about the environmental pollution, growing demand for eco-friendly bottles & containers, ban on conventional plastics, and increased awareness among consumers about sustainable packaging. However, the high cost of bio-based materials and high complexity associated with the production of bioplastic packaging materials through agro-based raw materials are the factors that can hinder the market growth.

Key Players
The key players of Global Bioplastic Packaging Market Items report include- BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, NatureWorks LLC, Metabolix Inc., Arkema Group, Novamont S.p.A., Biome Bioplastics Limited., FKuR Kunststoff and DaniMer Scientific LLC.

Segments
Global Bioplastic Packaging Market Items is segmented on the basis of Type, Application and Region.  On the basis of type it is segmented as Bio-PET, PLA & PLA blends, Bio-PP, and others. On the basis of application it is segmented as food & beverages, food service, and others. Additionally on the basis of region, it is segmented as North America, Europe, APAC and Rest of the World.

The report for Global Bioplastic Packaging Market Items of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Study Objectives of Global Bioplastic Packaging Market Items
  • To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the Global Bioplastic Packaging Market Items
  • To provide insights about factors affecting the market growth
  • To Analyze the Global Bioplastic Packaging Market Items based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
  • To provide country level analysis of the market with respect to the current market size and future prospective

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