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Bioplastic Packaging Market - 2021-2025The 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.
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Bioplastic Packaging Market SegmentsGet 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. |
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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!
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
To gain further insights on the market contribution of various segments Request for a FREE Sample!
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 & TrendsWhile 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.
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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 OutlookBuy the Bioplastic Packaging Market report now to re/image your business strategies!
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Bioplastic Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.40% |
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Market growth 2021-2025 |
468.11 th tons |
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Market structure |
Fragmented |
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YoY growth (%) |
7.20 |
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Regional analysis |
Europe, North America, APAC, South America, and MEA |
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Performing market contribution |
Europe at 34% |
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Key consumer countries |
US, UK, China, Germany, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Amcor Plc, Bio4Pack GmbH, BioPak Pty Ltd., Cardia Bioplastics, GOOD NATURED PRODUCTS Inc., Huhtamaki Oyj, Northern Technologies International Corp. (NTIC), PTT Public Co. Ltd., The Hemp Plastic Co., and Tipa Corp. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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