The Indian bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the rapidly growing population and their inclination towards the adoption of bio-based packaging options. Besides, the packaging companies are also shifting their focus towards the use of multi-use plastics or biodegradable packaging products, which is creating ample opportunities for the market over the forecast period. Further, several initiatives by the Indian government such as ‘Swacch Bharat Abhiyan’ in order to make the environment free from waste are also flourishing the growth of the market. Thus, increased demand for bioplastics in India is likely to be witnessed across various end-user industries, as these bioplastics serve similar properties as traditional plastic.

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The India biosimilar market is segmented on the basis of type, packaging type, and end-user industry. Based on the type, the market has been segmented as biodegradable plastics and non- biodegradable plastics. The biodegradable plastics segment is further sectioned as starch-based, polylactic acid (PLA), polyhydroxyalkanoates (PHA), polyester, and cellulose derivatives. The non-biodegradable plastics segment is further sectioned as bio-polyethylene terephthalate (PET), bio-polyethylene, bio-polyamides, bio-poly trimethylene terephthalate, and other non-biodegradable plastics. Based on the packaging type, the market is segmented as rigid packaging and flexible packaging. Based on the end-user industry, the market is segmented as food & beverage, pharmaceutical, personal care, and others. 

Further, BASE SE, The Dow Chemical Co., Koninklijke DSM N.V., Toray Industries Inc., Plastobag Industries, Eastman Chemical Co., and others are some of the players operating in the Indian bioplastic packaging market. 

Research Methodology

The market study of the India bioplastic packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for packaging companies, plastics manufacturers, bioplastic manufacturers, raw material suppliers, third-party distributors, food & beverage companies, personal care products manufacturing companies, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. India Bioplastic Packaging Market Research and Analysis by Type
2. India Bioplastic Packaging Market Research and Analysis by Packaging Type
3. India Bioplastic Packaging Market Research and Analysis by End-User Industry

The Report covers:

• Comprehensive research methodology of the India bioplastic packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India bioplastic packaging market.
• Insights about market determinants which are stimulating the India bioplastic packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.