The global bioplastic packaging market is anticipated to grow significantly over the forecast period (2020-2026). Packaging waste is considered as a major contributor to the generation of municipal solid wastes across all countries. Usually, conventional plastics are polymers manufactured from monomers as products of the petrochemical industry. The main chemical structures are covalently bound hydrocarbon molecules which are non-biodegradable.
Whereas, the bioplastics are manufactured from the bio-based products. Bioplastics have various renewable sources such as vegetable oil, corn starch, potato starch, ?bers obtained from pineapple, jute, hemp, henequen leaves among many others. The major source of starch for bioplastics is corn and starches from potato. Thus, the rising trend of renewable packaging among the key players is one of the key factors that drive the growth of the bioplastic packaging industry over the forecast period.
Browse the full report description of "Global Bioplastic Packaging Market Size, Share & Trends Analysis Report by Type (Biodegradable Plastics (Starch-based, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Polyester, Cellulose Derivatives), and Non-biodegradable Plastics (Bio-polyethylene Terephthalate (PET), Bio-Polyethylene, Bio-Polyamides, Bio-Polytrimethylene Terephthalate, and Other Non-biodegradable Plastics), By Packaging Type (Rigid Packaging and Flexible Packaging), and by End-User Industry (Food & Beverage, Pharmaceutical, Personal Care, and Others) Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/bioplastic-packaging-market
Besides, to attain the major goal of conserving the fossil fuel reserves including oil and natural gas, reducing greenhouse gas emissions that leads to climatic changes, and eliminating the amount of organic waste going to disposal are some other factors that encourage the adoption of renewable and bio-based packaging products. Moreover, the presence of the key players such as BASF SE, Mitsubishi Chemical Corp., The Dow Chemical Co., Koninklijke DSM N.V., and Toray Industries Inc. is also supporting the growth of the global bioplastic packaging market over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
Global Bioplastic Packaging Market – Segmentation
By Type
o Starch-based
o Polylactic Acid (PLA)
o Polyhydroxyalkanoates (PHA)
o Polyester
o Cellulose Derivatives
o Bio-polyethylene Terephthalate (PET)
o Bio-Polyethylene
o Bio-Polyamides
o Bio-Polytrimethylene Terephthalate
o Other Non-biodegradable Plastics
By Packaging Type
By End-User Industry
Global Bioplastic Packaging Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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