The US Bioplastic Packaging market is anticipated to grow significantly over the forecast period (2020-2026). The US bioplastic packaging industry is driven by the growing need to curb down the dependency on traditional fossil fuels and shift towards bio-based packaging products. Several government policies and regulations in order to eliminate the non-degradable waste and environmental harming products further supports the market growth.
The regulations imposed by the government focus on the banning of plastics and additional surcharges on the use of conventional plastics. Thus, these regulations and prohibitions implemented by the government against plastic bags and other plastic items are some of the prime factors enhancing the growth of the bioplastics market across the globe.
Browse the full report description of "US 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/us-bioplastic-packaging-market
Besides, the increased demand for the packaging products from the rapidly growing end-user industries such as food & beverage, pharmaceutical, personal care, and others are also encouraging the growth of the US bioplastic packaging industry. Along with this, the key players in these industries have also shifted their preferences of packaging products from non-biodegradable to biodegradable bio-based products owing to the rising environmental concerns. Owing to this, there has been a ban imposed on the use of single-use plastics in various economies across the globe. Hence, these aforementioned factors are likely to enhance the growth of the 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 segment
US 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