How To Teach Bioplastic Packaging Market Better Than Anyone Else

The bioplastic packaging market size will grow by USD 5.01 billion during 2019-2023. The report offers an analysis of the market based on type (rigid and flexible). The market research report further presents in-depth insights into the growth prospects of the market across APAC, Europe, North America, MEA, and South America. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including Amcor Limited, BioPak, Eco Friendly Product – NTIC, GOOD NATURED PRODUCTS, and TIPA.
Below are some of the key findings from the bioplastic packaging market analysis report:

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.

Global bioplastic packaging market overview

The growing environmental concerns because of rising pollution has resulted in a consumer shift toward biodegradable material-based products. Several end-users including retailers and food processing companies are focusing on offering products in bioplastic packaging to cater to the demand for sustainable packaging solutions. For instance, Waitrose & Partners announced its plan to replace plastic bags with bioplastic bags in September 2018. Similarly, Co-operative Group announced that it would replace all single-use plastic bags with biodegradable alternatives including bioplastic bags. Therefore, such a rise in adoption of this packaging by various end-users will drive the growth of the global bioplastic packaging market at a CAGR of about 18% during the forecast period.
Furthermore, the adoption of innovative materials for manufacturing bioplastic packaging is one of the critical trends gaining traction in the market. The rising need for eco-friendly and sustainable packaging from various end-user industries has led to an increase in the adoption of several plant-based raw materials such as fruit skins and hemp for manufacturing this packaging. Therefore, the use of eco-friendly raw materials for manufacturing bioplastic packaging is likely to fuel the market over the next few years.

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