Global Biopolymers Packaging Market Analysis - 2019-2028
Biopolymers packaging is defined as the packaging process which deals with bio degradable polymer materials. Packaging materials built with biopolymers are known to have less shelf life over conventional packaging materials, which further helps to enhance the recycling characteristics of the plastic. The major types of biopolymers that are used for packaging include polysaccharides, proteins, lipids, and polyesters. These biopolymers are believed to have a major demand amongst manufacturers of packaging materials. The global biopolymers packaging market is anticipated to achieve a CAGR of 21.0% across the globe over the forecast period, i.e. 2021-2028. Factors such as the increasing demand for the bio-degradable and recyclable packaging materials in end user industries are some of the major factors anticipated to promote towards the growth of the global biopolymers packaging market. Additionally, factors such as the increasing consumption of reusable and recyclable plastics for packaging in the packaging industry, along with the increasing concern for the environment backed by the increasing plastic waste generated from the plastic industry are anticipated to drive the growth of the global biopolymers packaging market.
Based on region, the global biopolymers packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Europe, which accounted for around 20% share in the year 2019, is anticipated to grow on account of the mounting environmental concerns and the legislative incentives, which has stimulated interest amongst packaging manufacturers to use biopolymers in packaging.
Some of the affluent industry leaders in the global biopolymers packaging market are BASF SE, NatureWorks LLC and Arkema SA. Besides, several players operating in the global biopolymers packaging market are increasingly focusing on research and developmental activities for the development of advanced biopolymers that can contribute significantly towards the growth of the global biopolymers packaging market. Moreover, several other players in the packaging industry are increasingly expanding their processes by investing on the deployment of biopolymer packaging plants.
Biopolymers packaging is defined as the packaging process which deals with bio degradable polymer materials. Packaging materials built with biopolymers are known to have less shelf life over conventional packaging materials, which further helps to enhance the recycling characteristics of the plastic. The major types of biopolymers that are used for packaging include polysaccharides, proteins, lipids, and polyesters. These biopolymers are believed to have a major demand amongst manufacturers of packaging materials. The global biopolymers packaging market is anticipated to achieve a CAGR of 21.0% across the globe over the forecast period, i.e. 2021-2028. Factors such as the increasing demand for the bio-degradable and recyclable packaging materials in end user industries are some of the major factors anticipated to promote towards the growth of the global biopolymers packaging market. Additionally, factors such as the increasing consumption of reusable and recyclable plastics for packaging in the packaging industry, along with the increasing concern for the environment backed by the increasing plastic waste generated from the plastic industry are anticipated to drive the growth of the global biopolymers packaging market.
Based on region, the global biopolymers packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Europe, which accounted for around 20% share in the year 2019, is anticipated to grow on account of the mounting environmental concerns and the legislative incentives, which has stimulated interest amongst packaging manufacturers to use biopolymers in packaging.
Some of the affluent industry leaders in the global biopolymers packaging market are BASF SE, NatureWorks LLC and Arkema SA. Besides, several players operating in the global biopolymers packaging market are increasingly focusing on research and developmental activities for the development of advanced biopolymers that can contribute significantly towards the growth of the global biopolymers packaging market. Moreover, several other players in the packaging industry are increasingly expanding their processes by investing on the deployment of biopolymer packaging plants.
Table of Contents
Global Biopolymers Packaging MarketPart 1 Introduction
Definition
Assumptions & Abbreviations
Part 2 Global Market Outlook
Part 3 Market Dynamics
Driver
Restraint
Part 4 Regulatory Landscape
Part 5 Company Profile
Companies Mentioned
- BASF SE
- NatureWorks LLC
- Arkema SA
