#compostable plastic bags

[compostica]

Compostable Plastic Bags

Compostable plastic bags made from certified materials are safe for food storage. They undergo rigorous testing to ensure they meet food safety standards and do not leach harmful chemicals into food products.

[sagar-kinagi]

Bioplastic Packaging Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

Summary

Global Bioplastic Packaging Market Information: by Type (Bio-PET, PLA, PBS, Bio-PP, and others), Application (Plastic Bottles, Packaging, and Others), and Region - Forecast Till 2023

Market Scenario

Bioplastics are developed using biodegradable feedstock to reduce the problems caused by conventional plastics. The demand for conventional plastics is declining continuously because they are harmful to the environment. Furthermore, it is extensively dependent on the oil and gas industry for raw materials. Thus, the demand for the bioplastics is increasing continuously. According to the Market Research Future, the global bioplastic packaging market is thriving and is likely to gain further over the forecast period.

The global bioplastic packaging market is forecasted to demonstrate an exponential growth by 2023, exceeding its previous growth records in terms of value with a considerable CAGR during the estimated period (2017-2023).

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Strict government guidelines against the consumption of non-recyclable plastics are fueling the growth of the market. For instance, in 2008, the China government launched a policy to ban plastic bags and focus on bioplastic products for packaging. High growth in the consumption of beverages and inventive packaging solutions are also expected to drive the market. Moreover, increasing awareness about sustainable packaging among the consumers and abundant availability of raw material in emerging economies have a positive influence on the growth of the market.

Key Players

The key players in the global bioplastic packaging market include Arkema Group (France), BASF SE (Germany), Biome Bioplastics Limited. (UK), DaniMer Scientific LLC (USA), Dow Chemical Company (USA), Eastman Chemical Company (USA), FKuR Kunststoff (Germany), Koninklijke DSM N.V. (the Netherlands), Metabolix Inc. (USA), NatureWorks LLC (USA), and Novamont S.P.A. (Italy).

Regional Analysis

On the basis of regions, global Bioplastic Packaging Market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). European region dominates the global bioplastic packaging market followed by North America and the Asia Pacific. High adoption of green packaging solutions, as well as the stringent governing framework for synthetic polymers, is anticipated to provide an impetus to the growth of the market. In Europe, the supportive government policies that include helps the consumers to give preference towards procurement of biobased products. Also in EU, member states are reducing the taxes for biobased products.

South America region is expected to grow at the highest CAGR during the forecast period mainly due to abundant availability of raw materials like sugarcane and oilseeds in Brazil. Hence, many bioplastics manufacturers are opening their facilities in the region. Asia Pacific region is another major market for the bioplastic packaging. The demand for packaged and wrapped products has been increasing in the Asia Pacific region, mainly due to the changing lifestyle and the rise in purchasing power. This will lead to an increased demand for bioplastic packaging. China, India, and Indonesia are the major countries in the region.  China accounts for the largest share in bioplastic packaging market in the Asia Pacific region.

Segmentation: Global Bioplastic Packaging Market

Global bioplastic packaging market is segmented based on type, application, and region. On the basis of the type, the market is segmented into Bio-PET, PLA, PBS, Bio-PP, and others. Bio-PET segment dominates the market due to extensive use in bottling and packaging industries. It possesses similar properties to conventional PET. It is widely used in the manufacturing of various products such as bottles, food containers, bags, and carry-away cups. Growing demand for eco-friendly bottles and containers is expected to drive the growth of the market. PLA is expected to grow at the highest CAGR during the forecast period. This type of bioplastic is expected to be influenced by incorporation of nanotechnology-based packaging that ensures the safety of products and makes evironament-friendly. The growth of PLA is likely to be driven by its superior mechanical properties and ease of process ability.

On the basis of the application, the market is segmented as plastic bottles, packaging, and others. Packaging segment dominates the market in terms of application and is expected to be the fastest growing application over the forecast period. Bioplastics are broadly used in the packaging industry for food packaging, pharmaceuticals packaging, and goods packaging. It is increasingly used in the single-use packaging materials such as shopping bags. Additionally, growth in awareness about the environment pollution and ban on conventional plastics further boost the growth of the bioplastics market.

Industry News

In March 2017, FKuR, the bioplastic producer, launched a new Bio-Flex Blends for home compostable films and packaging. It meets the stringent requirements of the French Energy Transition Law for plastic bags. The new Bio-Flex blends are designed for the production of low gauge films that will biodegrade completely in garden compost at low and variable temperatures.

In April 2017, Biome Bioplastics, U.K-based one of the leading developers of intelligent, natural plastics, has developed a plastic from plant-based sources intended for the production of takeaway beverage cups. The company has launched a range of bio-based plastics for cups and lids to enable retailers and packaging manufacturers to offer consumers a more sustainable option.

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About Market Research Future

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[floralalternatives]

Various Uses of Degradable Bags For a lot of people, the option of utilizing degradable bags is equally the logical selection and the environmentally friendly option.

[jayminaegis-blog]

If you say compostable or biodegradable plastics are cheap, durable, functional, and versatile, you think right. Introduction to biodegradable plastic bags (also known as compostable plastic bags) have a great impact on the world’s health.

[compostica]

Compostable Plastic

Compostable plastic refers to biodegradable materials derived from renewable resources that can decompose into organic matter under specific conditions.

[becausewecarepostsau-blog]