Global Industry Bioplastics for Packaging Market Report Analysis From 2012-2016 and Opportunity Assessment during 2017-2027

Posted on 2018-07-31 by Mark Hub in Industrial // 0 Comments

Albany, US, July 31, 2018: Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Industry Bioplastics for Packaging Market” provides an in-depth analysis of the Bioplastics for Packaging with the forecast of market size and growth. The analysis includes addressable market, market by volume, and market share by business type and by segment (external and in-house).The research study examines the Bioplastics for Packaging on the basis of a number of criteria, such as the product type, application, and its geographical presence.

The whole supply chain of Bioplastics for Packaging has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Bioplastics for Packaging, together with the recent developments have been given here to provide an exhaustive picture of this market.

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High demand for bioplastics for packaging food and beverage products; consumer goods industry also expected to witness progressive growth in demand during 2017-2027

Bioplastics are the type of plastics that are either biodegradable or non-biodegradable and are largely used in the packaging of products from various industries such as food and beverages, pharmaceuticals, consumer goods etc. Bioplastics can be rigid or flexible. Rigid bioplastics are used for packaging of bottles, cups, trays, clamshells etc. Manufacturers are investing in research and development to develop bioplastics that are developed from algae and bacteria these are known as 3rd generation bioplastics.

According to the market analysis, the food and beverage industry is expected to witness maximum demand for bioplastics. The F&B segment is expected to hold a market value of over US$ 12,700 Mn by the end of 2027, growing at a CAGR of 15.2% during the forecast period. However, the consumer goods market is also projected to experience growth at a high rate, with a CAGR of 13.3% during the forecast period 2017-2027.
Bioplastics for packaging market

the growing demand for bioplastics from the food and beverage industry is helped by an increasing inclination towards packaged food items

the busy lifestyles of people have created a high demand for packaged foods and buyers have begun contributing more towards packaged food and beverages. Consumer spending on packaged products has considerably increased in the last few years due to a high disposable income. In this way, huge amounts of plastic packaging waste is created every month, leading to landfill issues. Makers are leaning toward bioplastics over customary plastics. Manufacturers are concerned about the rising packaging waste across the globe. A high consumption rate of plastic packaging products has created tons of waste across industries. With the rising concern towards sustainability, urban consumers have started buying bioplastics products. As a safe living environment has become one of the major concerns of consumers, they have started preferring bioplastics packaged products over plastic packaged products.

Policy makers are playing major role in creating a sustainable environment. Governments across the world are emphasizing on biodegradable and bioplastics packaging material. Use of bioplastics will also reduce the compositing problem. Countries like China which largely produces starch based products that are used for manufacturing bio plastic resin are helping the market to grow. Packaging manufacturers are gaining support from government organisations to promote bioplastics. The manufacturers of packaging products are even receiving extra incentives to use bioplastics materials.

Underdeveloped countries still prefer plastic over bioplastic packaging owing to the high manufacturing costs

Consumers in underdeveloped or developing countries prefer using cheap products over costlier ones as per person spending of consumers is lower in these countries as compared to the developed regions. Bioplastics can be considered costlier due to the high production cost of resins. It requires advanced machinery as the basic plastic packaging machinery is incompatible with bioplastics. Also, the processing cost and labor cost of bioplastics packaged products is comparatively higher than plastic packaged products. This results in a massive increase in the overall cost of the packaging products. Urban consumers who are well aware of the rising landfill issue prefer ecofriendly products such as jute bags, plates made from banana leaves, and bamboo furniture. Yet, in a country like India, the bioplastics packaging market still faces adaptability issues.

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Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Research Methodology

3. Market Viewpoint

3.1. Packaging market Overview

3.1.1. Packaging Industry Outlook

3.1.2. Flexible packaging outlook

3.2. Macro-Economic Overview

3.3. Opportunity Analysis

3.4. Value chain Analysis

4. Global Bioplastics for Packaging Market Analysis By Region

4.1. Introduction

4.2. Historical Market Size (US$ Mn) and Volume (Tonnes) Analysis 2012-2016, By Region

4.2.1. North America

4.2.2. Latin America

4.2.3. Asia Pacific Excluding Japan

4.2.4. Western Europe

4.2.5. Eastern Europe

4.2.6. Japan

4.2.7. Middle East and Africa

4.3. Current Market Size (US$ Mn) and Volume (Tonnes) Forecast 2017-2027, By Region

Continued….. @@

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