$3.16 Billion Global Biopolymer Packaging Market 2018: Trends, Opportunities and Forecasts to 2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Biopolymer
Packaging Market – Industry Trends, Opportunities and Forecasts to 2023"
report has been added to ResearchAndMarkets.com's
offering.

Biopolymer packaging market is projected to grow to US$3.161 billion by
2023 from US$2.073 billion in 2018, growing at a CAGR of 8.8% over the
forecast period. The demand for biopolymer packaging is majorly driven
by growing environmental sustainability issues and the high cost of
fossil fuel products.

Growing environmental concern among consumers is forcing the
manufacturers to adopt sustainable packaging solutions, thereby
impacting the growth of global biopolymer packaging market. Moreover,
supportive government initiatives coupled with stringent environmental
regulations is further boosting the market growth. The burgeoning demand
for reduction in carbon footprint by various industries will expand the
market for biopolymer packaging in the forthcoming years.

North America will experience a high growth of packaged food and
beverage industry due to high purchasing power and higher living
standards, thereby impacting positively the global biopolymer packaging
market. There is a good potential for the market to expand in the
European region owing to increased political awareness regarding
environmental sustainability issues.

However, APAC region is anticipated to be a major contributor due to
rising disposable income and growing awareness regarding good health and
fitness, environmental concerns, and adoption of western lifestyle. All
these factors are resulting in rising demand for biopolymer packaging
mainly for food and beverage packaging industry. However, factors such
as high prices, limited production capacity, and lack of infrastructure
for effective composting will hinder global biopolymer packaging market
growth over the forecast period.

Segmentation

By Products

• Bio-based Films
• Bio-Based Containers
• Others

By Material Type

• Bio-PE
• Bio-PET
• PLA (Polylactide)
• Others

By End User

• Food and Beverages
• Retail
• Healthcare
• Cosmetic
• Others

Companies Mentioned

• Arkema
• Novamont S.p.A
• Plantic
• BASF SE
• NatureWorks LLC
• Biotec
• Innovia Films
• Cardia Biopastics
• Biome Technologies plc

For more information about this report visit https://www.researchandmarkets.com/research/wkctf8/3_16_billion?w=4

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Related
Topics: Packaging,
Bioplastics