Central India Chronicle

Biopolymer Packaging Market Size to Portray USD 37,465.07 Mn by 2027

 Breaking News
  • No posts were found

Biopolymer Packaging Market Size to Portray USD 37,465.07 Mn by 2027

November 19
21:28 2021
Biopolymer packaging market to grow at a CAGR of 19.1% during 2019 to 2027. Europe accounted for largest share in the global market.

Latest market study on “Global Biopolymer Packaging Market to 2027 – COVID 19 Impact and Global Analysis – By Material Type, End-User, and Geography” the market was valued at US$ 7,872.54 million in 2018 and is expected to grow at a CAGR of 19.1% during 2019–2027 to reach US$ 37,465.07 million by 2027.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 7,872.54 Million in 2018

Market Size Value by

US$ 37,465.07 Million by 2027

Growth rate

CAGR of 19.1% from 2019-2027

Forecast Period

2019-2027

Base Year

2019

No. of Pages

204

No. Tables

110

No. of Charts & Figures

78

Historical data available

Yes

Segments covered

Material Type , End User , and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Biopolymer Packaging Market at https://www.theinsightpartners.com/sample/TIPRE00008070/

Biopolymers are perceived as renewable, sustainable, and carbon neutral form of materials which are produced from renewable plant materials. Bio based polymers are considered to be an effective alternative to the conventional polymers and are being increasingly used in packaging industry to produce environment-friendly materials. Consumer awareness regarding impact of conventional plastic, stringent government regulations, and need for sustainable packaging solutions are a few factors driving the global biopolymers packaging market. The majority of biopolymers do not biodegrade, still they are preferred as they are formulated using bio-based resources and can be recycled.

Surge in Need for Sustainable Packaging Solution to Influence the Biopolymer Packaging Market Globally

Plastic packaging is extensively used in a wide range of applications such as FMCG, food & beverages, pharmaceutical, consumer goods, etc. The increasing application of plastic in several end-user industries is responsible for rising plastic pollution. Thus, the recycling and reuse of plastic are becoming of utmost importance for innovation and sustainability. Moreover, conventional plastic is estimated to become more expensive in the future with diminishing raw material sources. Since the last few years, bioplastic has influenced the plastic industry through innovation for more resource efficiency, functionality, and sustainability. The biopolymer is playing a significant role in increasing recycling targets and waste management by substituting petroleum resources with renewable resources. Biopolymer is manufactured using renewable plant-based resources which offer low toxicity, better recyclability, and high bio-degradability. Moreover, many of the industry players are switching towards bio-based materials from fossil-based resources in order to offer biodegradable solutions for packaging and other products. With the growing population and the increase in demand, packaging manufacturers are finding innovative ways to meet the increased demand for renewable plastic with improved quality of the products. Thus, the rise in demand for sustainable packaging solutions is fueling the growth of global biopolymer packaging market.

Impact of COVID-19 on biopolymer packaging market:

The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Brazil, India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affected conomies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic break down due to COVID-19 is also affecting the growth of the biopolymer packaging market growth due to shutting down of factories and obstacles in supply chain.

Download the Latest COVID-19 Analysis on Biopolymer Packaging Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00008070/

Biopolymer Packaging Market: Product Type

Based on material type, the biopolymer packaging market is segmented into Polylactides (PLA), Bio-Polyethylene (PE), Bio-Polyethylene Terephthalate (PET), starch, cellulose, PBAT, Polyhydroxyalkanoates (PHA), Polybutylene succinate (PBS), and others. In 2018, starchsegment dominated the biopolymer packaging market; however, the Polyhydroxyalkanoates (PHA) market is expected to grow at the highest CAGR during the forecast period.Starch blends are the most common biomass source used for the production of biopolymers. It is a natural polymer, which is produced from corn, wheat, rice, barley, sorghum, potatoes, and other such items. Starch based plastics are thermoplastics which are formed by blending with additives and plasticizers like glycerin and sorbitol. Since starch blends are capable of creating unique composite materials by incorporating with many petroleum-based polymers or biopolymers, they find usage in several applications. The significance of starch blends has increased with the introduction of enhanced resin grades along with low toxicity, biocompatibility, as well as mechanical and degradation properties. The starch based biopolymers such as films and plastics are extensively used in packaging industry in production of cups, cutlery, egg cartons, straws, disposable bags, bowls, bottles, trash liners, and compostable films for agriculture.

Biopolymer Packaging Market: Competitive Landscape and Key Developments

Arkema Group, BASF SE, Biome Bioplastics Limited, Cardia Bioplastics, Innovia Films, NatureWorks LLC, Plantic Technologies Limited, Spectra packaging ltd., United Biopolymers, S.A., The Dow Chemical Company, and BEWiSynbra Group are some of the well-established companies in the global biopolymer packaging market. 

Order a Copy of Biopolymer Packaging Market Shares, Strategies and Forecasts 2019-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00008070/

Browse Related Reports and get Sample copy

Metal Nanoparticle Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Metal (Platinum, Gold, Silver, Iron, Titanium, and Others) and End-Use Industry (Pharmaceutical and Healthcare, Electrical and Electronics, Chemicals, Personal Care and Cosmetics, and Others) –

https://www.theinsightpartners.com/sample/TIPRE00024270/

 

Compact Laminate Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (External Wall Cladding, Internal Wall Cladding, Standard Compact, and Others) and End-Use (Residential, Commercial, and Industrial) –

https://www.theinsightpartners.com/sample/TIPRE00023719/

About Us: 

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research: https://energysiren.co.ke/author/theinsightpartners/

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: http://www.theinsightpartners.com/pr/biopolymer-packaging-market

Related Articles