Global Bioplastic Compostable Packaging Market to Reach US$ 16.0 billion by 2030

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Market Research Report EXCLUSIVE EDITION
Global Bioplastic Compostable Packaging Market
Report Opportunities, and Forecast By 2030
Global Industry Analysis, Forecast and Trends,
2022-2030
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Global Bioplastic Compostable Packaging Market
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Global Bioplastic Compostable Packaging Market
2022 Industry Size, Regions, Emerging Trends,
Growth Insights, Opportunities, and Forecast By
2030
Bioplastic Compostable Packaging Market by
Material, by Application, by End-Use (Food
Beverages, Cosmetics Personal Care,
Pharmaceuticals, Consumers Goods, Industrial
Goods, Others), by Region Global Share and
Forecast to 2030
Description
According to the Market Statsville Group (MSG),
the global bioplastic compostable packaging
market size is expected to grow from USD 3.2
billion in 2021 to USD 16.0 billion by 2030, at
a CAGR of 19.5 from 2022 to 2030. Increasing
consciousness among customers' regarding
environmental concerns is leading to the high
demand for products possessing low impact on the
environment . Furthermore, an increasing number
of prominent firms are shifting towards
compostable plastics. Because of government laws,
businesses seek new ways to lessen their
environmental impact, including utilizing the
sophisticated technical properties of
bioplastics. These are some of the factors that
are substantially impacting the bioplastics
compostable packaging market.
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Global Bioplastic Compostable Packaging Market
Definition The huge consumption of conventional
plastic in packaging has resulted in underlying
issues such as climate change and future fossil
resource scarcity, prompting a search for better
plastic packaging alternatives. Bioplastics are
an environmentally beneficial alternative to
regular plastics. Almost every traditional
plastic material and application now has a
bioplastic counterpart. Request Sample Copy of
this Report https//www.marketstatsville.com/requ
est-sample/global-bioplastic-compostable-packaging
-market COVID-19 Impact on the Global Bioplastic
Compostable Packaging Market Single-use
packaging has witnessed exponential growth due to
the growing need to keep food items from
contamination during the COVID-19 outbreak.
Plastic is essential in healthcare for keeping
sterility in medical devices, such as syringes
and insulin pens. However, the majority of these
plastic packaging products are made from
conventional fossil fuel feedstocks, contributing
to the plastic waste issue. Bio-based plastics
are a more environmentally friendly alternative
to petroleum-based plastics. During the epidemic,
consumers' preference for compostable and
biodegradable packaging boosted the demand for
bioplastics.
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• Scope of the Global Bioplastic Compostable
  Packaging Market
• The study categorizes the bioplastic compostable
  packaging market based on components and
  deployment at the regional and global levels.
• Direct Purchase Report https//www.marketstatsvil
  le.com/buy-now/global-bioplastic-compostable-packa
  ging-market?opt2950
• By Material (Sales, USD Billion, 2017-2030)
• Bio PET
• Bio PA
• Bio PE
• Bio-PP
• Bio-PS
• PLA
• PHA
• Starch Blends
• Others
• By Application (Sales, USD Billion, 2017-2030)
• Bottles
• Cups
• Trays

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• By End Use (Sales, USD Billion, 2017-2030)
• Food Beverages
• Cosmetics Personal Care
• Pharmaceuticals
• Consumers Goods
• Industrial Goods
• Others
• By Region Outlook (Sales, USD Billion, 2017-2030)
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• Italy
• France
• UK
• Spain
• Poland

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• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Malaysia
• Thailand
• Singapore
• Australia New Zealand
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Colombia
• Rest of South America
• The Middle East Africa
• Saudi Arabia
• UAE

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Access full Report Description, TOC, Table of
Figure, Chart, etc https//www.marketstatsville.c
om/table-of-content/global-bioplastic-compostable-
packaging-market Bio PET segment is projected to
account for the largest market share, by
material In 2021, the bio PET segment accounted
for the largest market share in the global
bioplastic compostable packaging market. Bio PET
is a type of biodegradable plastic with
mechanical and physical qualities that make it
ideal for packaging. It disintegrates quickly,
organically, and through industrial composting.
Moreover, it is a robust and adaptable material
used to make a wide range of items, including
bottles and specialized food packaging. Asia
Pacific accounts for the highest CAGR during the
forecast period
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Based on the regions, the global bioplastic
compostable packaging market has been segmented
across North America, Asia-Pacific, Europe, South
America, and the Middle East Africa. Among
these regions, Asia Pacific is witnessing the
highest market CAGR growth over the forecast
period. The use of single-use plastic packaging
is rapidly increasing in the emerging economies,
such as China and India. The Indian Compostable
Polymer Association was created in 2018 to
promote a sustainable circular economy and
advocate compostable bioplastics in India at a
critical time for bioplastics growth. Moreover,
the evolving automobile industry in India is
supporting the demand for bioplastic bags, as it
is utilized in industrial packaging of automobile
parts, dust coverings, and commercial
applications. Thus, rising consumer awareness of
environmental issues and government-imposed
restrictions on single-use plastic use will
propel the Asia bioplastics for the packaging
market. Request For Report Description https//w
ww.marketstatsville.com/global-bioplastic-composta
ble-packaging-market
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