About Bioplastic Packaging Materials
Bioplastics are plastics made from renewable biomass sources or food crops such as vegetable fat, corn starch, vegetable oil, pea starch, and microbiota. The different types of bioplastics available include polymers that are directly extracted from biomass and processed, polymers that are made from bio-based precursors such as PLA, and polymers that are made by bacteria such as PHA and PHB. Bioplastics are different from conventional plastics, and they can be used to produce various products such as utensils, bags, furniture, carpets, films, bottles, cups, and packaging materials.
TechNavio's analysts forecast the Global Bioplastic Packaging Materials market to grow at a CAGR of 23.75 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Bioplastic Packaging Materials market for the period 2015-2019. Based on application, the Global Bioplastic Packaging Materials market can be classified into two segments: Flexible and Rigid Packaging. On the basis of product type, the Global Bioplastic Packaging Materials market can be categorized into five segments: Bio-PET, PLA and PLA Blends, Starch Blends, Bio-PE, and Others. The Others segment includes durable starch blends, bio-PC, bio-PTE, bio-PUR, bio-PA, PPT, and other cellulose-based products.
TechNavio's report, the Global Bioplastic Packaging Materials Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, North America, and the ROW; it also covers the Global Bioplastic Packaging Materials market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Bioplastic Packaging Material Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Bioplastic Packaging Material Market: Arkema Inc., BASF SE, Braskem SA, NatureWorks LLC and Novamont SpA
Other Prominent Vendors in the market are: Acetati, Albis Plastics, Bayer MaterialScience, Biome Bioplastics, Biopearls, BIOTEC, Cardia Bioplastics (Biograde), Corbion, DaniMer Scientific, Dow Chemical, Eastman Chemical, FKuR Kunststoff, Grace Biotech, IFS Chemicals, Innovia Films, IRE Chemicals and Meredian
Commenting on the report, an analyst from Technavio’s team said: “A major trend being observed in the market is increased demand for bioplastic packaging from developing countries, especially those in the APAC region and Latin America.”
According to the report, the demand for bioplastics is expected to surge during the forecast period because of an increased need for eco-friendly packaging. Increased awareness of the benefits of bioplastic packaging among end-users is propelling the growth of the market.
Further, the report states that high cost of production to produce bioplastic materials is a major restraint for the market vendors. Widening of the demand-supply gap in the last few years has led to a substantial increase in the cost of raw materials.
Arkema , BASF , Braskem , NatureWorks , Novamont , Acetati, Albis Plastics, Bayer MaterialScience, Biome Bioplastics, Biopearls, BIOTEC, Cardia Bioplastics (Biograde), Corbion , DaniMer Scientific, Dow Chemical Company, Eastman Chemical Company, FKuRKunststoff, Grace Biotech, IFS chemicals, Innovia Films, IRE Chemicals, Meredian
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