The Indian bioplastic packaging market is anticipated to grow significantly over the forecast period. Increasing population, rising environmental concerns, along with the increased awareness regarding the availability of various bio-based bioplastic packaging products are some of the primary factors driving the growth of the India bioplastic packaging industry over the forecast period.
Further, the rise in the end-user industries also supports the growth of the market. For instance, the food industry in the country has been witnessing an upsurge lately. As per the India Brand Equity Foundation in 2019, the packaged food industry in India is projected to reach more than $65 billion by the end of 2020 and become the third-largest market for packaged food. Hence, this creates a wide scope for the growth of the overall packaging market in the country as well as creates ample opportunities for the Indian bioplastics packaging market over the forecast period.
Browse the full report description of "Indian 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/indian-bioplastic-packaging-market
Besides, the market is also driven by rising initiatives by the government and the related regulatory bodies for endorsing bioplastics usage. Besides, various initiatives taken by the key players operating in the market towards innovation and adopting strategies associated with the bioplastics packaging are further estimated to act as a significant supporter for the market growth over the forecast period. Some of the key players operating in the Indian bioplastic packaging market include BASF SE, The Dow Chemical Co., Koninklijke DSM N.V., Toray Industries Inc., and others.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
India 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
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