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Bioplastic Packaging Market Size To reach USD 24289.7 million By 2026 – Reports And Data

Based on current analysis, the Global bioplastic packaging market was valued at USD 5649.5 Million in year 2018 and is anticipated to reach USD 24289.7 Million by year 2026, at a CAGR of 19.9 %. Development of bioplastics is made through the use of feedstock to minimize the problem caused by conventional plastics. Falling demand for conventional plastics…

The post Bioplastic Packaging Market Size To reach USD 24289.7 million By 2026 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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Based on current analysis, the Global bioplastic packaging market was valued at USD 5649.5 Million in year 2018 and is anticipated to reach USD 24289.7 Million by year 2026, at a CAGR of 19.9 %. Development of bioplastics is made through the use of feedstock to minimize the problem caused by conventional plastics. Falling demand for conventional plastics due to its harmful effects on the ecology has further fueled to rise high demand for use for bioplastic materials for packaging. With commencement of industrial and trade technologies, companies from all around the world have induced greater standing for the use of bioplastic plastic. The large number of products manufactured with the help of materials which will not be degraded for a longer period of time are creating high level of concern, especially in economies with are still undergoing development. Rising mindfulness for sustainable packaging among the general public and sufficient availability of raw material in developing economies have an affirmative influence on the growth on the bioplastic packaging market. Moreover, government intervention in generating awareness about subtracting consumption of non-recyclable plastic is also one of the significant drivers to induce the growth of bioplastic market. Rise in the use of bioplastic packaging in almost all market sectors is determined by growing demand for sustainable and long-lasting products by consumers because of increasing alertness and education in the field of ecology and environment.

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Companies considered and profiled in this market study

Nature works LCC, Innovia Films, Arkema, Barskem, Mitsubishi Plastics Inc, Koninklijke DSM N.V., BASF, Evonik Industries, Cardia Bioplastic Packaging, Dow Chemical Company, Novamont, Metabolix Inc

Further key findings from the report suggest

  • UK based company, Biome Bioplastics is a natural plastic developer, has collaborated with plastic films manufacturer Futamura to display a range of bio based and compostable and multilayer films. This will boost the overall revenue generating capacity of the market
  • Food and beverages sector are projected to be dominant, accounting to 67.3% of the market share in terms of revenue in 2017 and is expected to reach 69.0% b 2026
  • Durability and sturdiness of the packaging product is important, therefore, everlasting bioplastics, namely, polythene produced from sugar cane is used to provide efficient substitute for oil-based equals
  • Technologically advanced bio-polymer industries are presenting biodegradable plastic as solution to environmental complications over the conventional non-biodegradable plastic.
  • Biodegradable plastic material used for packaging has a potential to diminish the volume of solid waste and reduce the needs for waste dumping. Biodegradable plastic packaging has also proved to suggests properties to resist fragility and resistance towards heat
  • PHAs can replace most of the consumption of fossil fuel based plastic types. PHA is used as food wraps coating for paper and cardboard, plates, cups and also has distinguished medical uses
  • Polylactic Acids decompose well in the presence of acids; therefore, they are used in some medical applications. This material of bioplastic is used in making bottles, food packing, grocery bags etc
  • The ever-increasing awareness among general public about the ecological status of their lifestyle is one of the important key factors for global bioplastic packaging market

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Segments covered in the report:

For the purpose of this study, Reports and Data have segmented the global Antibody production market on the basis of Type, Material Type, Applications, End Users and Region:

Type (Revenue, USD Million; 2016–2026)

  • Rigid packaging
  • Flexible Packaging
  • Other

 Material Type (Revenue, USD Million; 2016–2026)

  • Starch Blend
  • Polylactic Acid (PLA)
  • Polyethylene Terephalate
  • Polyhydroxyalkanoates (PHA)
  • Polythene
  • Others

Applications (Revenue, USD Million; 2016–2026)

  • Food and beverages Market
  • Consumer Goods Market
  • Cosmetic Personal Care Market
  • Pharmaceuticals Market
  • Agriculture and Horticulture Market
  • Textiles Market
  • Others

End Users (Revenue, USD Million; 2016–2026)

  • Raw Material Suppliers/Buyers
  • Product Suppliers/Buyers
  • Research Institutes
  • Manufacturers/Producers
  • Agricultural Sector
  • Research Laboratories
  • Others

Regional Outlook (Revenue in USD Million; 2016–2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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The post Bioplastic Packaging Market Size To reach USD 24289.7 million By 2026 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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