Bioplastic Packaging Market - Trends, and Forecast till 2025

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Bioplastic Packaging Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Bioplastic Packaging Market Overview
A bioplastic is a biodegradable group of polymers
that are manufactured using renewable-based
sources. Conventional plastics is hazardous due
to the impact on the environment and their heavy
reliance on the oil and gas industry for raw
materials such as naphtha. Conventional plastic
is widely used for packaging of casings,
electronics, and food products, amongst others.
This, in turn, is negatively impacting the
environment, leading to increasing land and
marine pollution. Major factors driving growth
of the global bioplastic market is rising
adoption of bioplastic packaging solutions, due
to their environment friendly and biodegradable
nature. Bioplastics packaging solutions are
effective packaging option as compared to plastic
based packaging due to the large scale
availability of degradable and renewable based
raw materials used in the production of
bioplastic packaging. Bioplastics significantly
help in the reduction of poisonous VOC emissions
as compared to conventional plastic packaging
solutions. However, biodegradable packaging is
relatively expensive than conventional plastic.
This is owing to high manufacturing cost of
biodegradable material to offer properties
similar to conventional plastic packaging. This
is expected to be a major restraining factor for
growth of the market. According to the European
Bioplastics Organization, as of 2017, bioplastics
represent a mere 1 of around 320 Mn tons of the
global plastic production.
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REPORT DESCRIPTION
Food and beverages segment is expected to be
dominant, accounting for 76.12 of the market
share in terms of revenue in 2016, and is
expected to reach 77.12 by 2025. It is expected
to exhibit a CAGR of 27.94 over the forecast
period. This is owing to high demand for
bioplastic packaging in the food and beverages
industry as companies are looking to switch to
biodegradable packaging options especially for
organic food and premium customized products
that have specific requirements. Rigid based
bioplastic packaging options are available for
consumer goods including creams, lipsticks as
well as beverages. Companies are increasingly
using products such as PLA, bio-PE, and bio-PET
for these applications. For instance, companies
such as Coca Cola, Volvic, and Heinz are using
bio-PET in the production of bottles for
beverages and other fluid products. PG uses
bio-PE for the packaging of cosmetics. Flexible
bioplastic packaging such as films are useful in
packaging of fruits and vegetables, in order to
increase the shelf-life. There are numerous
thermoplastic packaging options available for
application in the food and beverages industry
depending on the requirement. Request sample
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REPORT DESCRIPTION
Bioplastic packaging offer the same properties
with added advantages over conventional plastics
in the market. Manufacturers are adopting
numerous organic and inorganic growth strategies
such as mergers and acquisitions in order to
increase their market share in the global
bioplastic packaging market. For instance Cardia
Bioplastics merged with Stellar Films Group in
2015. The merger will result in Cardia
Bioplastics acquiring Stellar Films and thus
resulting in the company entering the bioplastic
films business. This has resulted in diversifying
the companys product portfolio. Some of the
major players operating in the global bioplastic
packaging market are BASF SE, Koninklijke DSM
N.V., NatureWorks, LLC, Metabolix, Inc., and The
Dow Chemical Company., among others. Request For
Customization _at_ https//www.coherentmarketinsights
.com/insight/request-customization/1256
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