$10 Billion Biodegradable Plastic Packaging Market – Forecasts from 2018 to 2023 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Biodegradable
Plastic Packaging Market – Forecasts from 2018 to 2023" report
has been added to ResearchAndMarkets.com's offering.
Biodegradable plastic packaging market is projected to witness a
compound annual growth rate of 12.37% during the forecast period to
reach a total market size of US$10.132 billion by 2023, increasing from
US$5.033 billion in 2017.
Growing environmental concerns coupled with stringent regulatory
standards has led plastic manufacturers to develop biodegradable
plastic. Rising demand for sustainable packaging solutions across
industries such as food and beverage and pharmaceuticals is fuelling the
demand for biodegradable plastic packaging, thus bolstering the growth
of global biodegradable plastic packaging market.
Supportive government policies further propel the growth of
biodegradable plastic packaging market. For instance, Europe implemented
the legislation to reduce the number of single-use carrier bags.
Segmentation
Segments covered under the biodegradable plastic packaging
market report are as below:
By Type of plastic:
- Oxo-biodegradable Plastic
- Hydro-biodegradable Plastic
By Type of material:
- Low Density Polyethylene (LDPE)
- Polyethylene Terephthalate (PET)
- Polylactide (PLA)
By Application:
- Bottles and Jars
- Food Wraps
- Dry Cleaning Bags
- Others
By End Use Industry:
- Food and Beverage
- Cosmetics
- Pharmaceuticals
- Others
Companies Mentioned
- Arkema
- NatureWorks
- Novamont
- Metabolix Inc.
- Toray Industries
- LanzaTech
- Solvay
- Novozymes
- BASF
For more information about this report visit https://www.researchandmarkets.com/research/46r3tq/10_billion?w=4
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Related
Topics: Plastic
Packaging
