Bioplastic Packaging Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44804

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 Bioplastic Packaging Market - 2021-2025

The projected valuation of the bioplastic packaging market by 2025 is 468.11 thousand tons. The growth momentum of the market is expected to accelerate at a CAGR of 7.40%, during 2021-2025. This research report elucidates the market drivers and trends that has been catalyzing the progress of existing market players. One of the key factors driving the bioplastic packaging market growth is government initiatives for increasing the use of bioplastic packaging. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.

Bioplastic Packaging Market Size

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Bioplastic Packaging Market Segments

Get actionable insights on the bioplastic packaging market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentations by type (rigid and flexible) and geography (Europe, North America, APAC, South America, and MEA) in this bioplastic packaging market report to pursue growth opportunities. 

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic bioplastic packaging market predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Bioplastic Packaging Market Vendors and Competitive Analysis

The bioplastic packaging market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. At present, the bioplastic packaging market is fragmented and the vendors are deploying growth strategies such as focusing on new product innovations and product quality to gain competitive advantage. Take a look at our sample report to get an idea of the well-thought-out business planning approaches of key players.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full bioplastic packaging market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Bioplastic Packaging Market Vendors

Bioplastic Packaging Market - Region Opportunities 2021-2025

Europe will contribute 34% of the overall bioplastic packaging market growth during the forecast period. The UK and Germany are the key markets for bioplastic packaging market in Europe. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!

Bioplastic Packaging Market Share by Geography

Europe has been exhibiting significant growth rate for bioplastic packaging market vendors. Factors such as the high demand for packaging made from bioplastics to be used for wrapping organic food, as well as for premium and branded products with specific requirements are accelerating the bioplastic packaging market growth in Europe. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The bioplastic packaging market share growth in Europe will be slower than the growth of the market in APAC. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Bioplastic Packaging Market Insights by Type

Bioplastic Packaging Market Share by Type

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According to our market segmentation data analysis, the rigid segment is expected to be a significant contributor to the growth of the bioplastic packaging market share during the forecast period. The demand for rigid bioplastic packaging is growing due to the increasing demand for packaging products such as trays, bottles, containers, tubes, glasses, cups, closures, and others. This report provides an accurate prediction of the revenue share of all the segments to the growth of the bioplastic packaging market size.

From the bioplastic packaging market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

Bioplastic Packaging Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding bioplastic packaging market growth is high manufacturing cost for bioplastic packaging. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

Many governments are implementing initiatives in various countries and regions to promote the use of bioplastics over hazardous polymer and plastic materials. As a result, many consumers are increasingly shifting toward bio-based plastics. In December 2020, the South Korean government unveiled its plan to invest approximately $2.62 million to help small and venture firms develop and commercialize technology related to bioplastics. Thus, the rise in government initiatives that focus on reducing the use of plastic products is likely to increase the demand for bioplastic packaging in both developing and developed regions during 2021-2025.

Technavio research analysts have done in-depth analysis of the bioplastic packaging market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

 

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Bioplastic Packaging Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bioplastic packaging market growth during the next five years
  • Precise estimation of the bioplastic packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bioplastic packaging market across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bioplastic packaging market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The bioplastic packaging market market growth will increase by $5780.20 million during 2019-2024.
The bioplastic packaging market market is expected to grow at a CAGR of 17.74% during 2019-2024.
Technavio has segmented the bioplastic packaging market market by type (Rigid and Flexible) and geographic (Europe, North America, APAC, South America, and MEA).
Amcor Plc, BioPak Pty Ltd., Cardia Bioplastics, GOOD NATURED PRODUCTS Inc., Huhtamäki Oyj, Johnson Matthey Plc, NatureWorks LLC, Northern Technologies International Corp. (NTIC), The Hemp Plastic Co., Tipa Corp. Ltd. are a few of the key vendors in the bioplastic packaging market market.
Europe will register the highest growth rate of 31.75% among the other regions. Therefore, the bioplastic packaging market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the bioplastic packaging market market growth are:
  • Government initiatives for increasing the use of bioplastic packaging
The bioplastic packaging market market vendors should focus on grabbing business opportunities from the rigid segment as it accounted for the largest market share in the base year.
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