Escalating Consumption of Packaged Goods to Bioplastic Packaging Machines Market
Global Bioplastic Packaging Machines Market Future Scope, Trends, Analysis, Size, Share: by Type (Bio-PET, PLA, PBS, Bio-PP, and others), Application (Plastic Bottles, Packaging, and Others), and Region - Forecast Till 2023
(firmenpresse) - Summary
Global Bioplastic Packaging Machines Market Future Scope, Trends, Analysis, Size, Share: by Type (Bio-PET, PLA, PBS, Bio-PP, and others), Application (Plastic Bottles, Packaging, and Others), and Region - Forecast Till 2023
Bioplastic Packaging Machines Market Overview
The biodegradable feedstock is used to develop Bioplastics that can reduce the problems caused by conventional plastics. Market Research Future (MRFR) has published a report on the global Bioplastic Packaging Machines Market that foresees growth for this market between 2017 and 2023. Analyzing the market structure, this report offers insights about factors affecting the market growth. Measuring the market size and foretelling the revenue, this report covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.
The key factor that is driving the global Bioplastic Packaging Machines Market growth is the stringent government regulations against the consumption of non-recyclable plastics driving the growth of the industry. Other factors aiding the market growth include the availability of raw material for making bioplastic, growth in awareness about the environmental pollution, growing demand for eco-friendly bottles & containers, ban on conventional plastics, and increased awareness among consumers about sustainable packaging. However, the high cost of bio-based materials and high complexity associated with the production of bioplastic packaging materials through agro-based raw materials are the factors that can hinder the market growth.
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Key Players
Biome Bioplastics Limited. (UK)
Dow Chemical Company (USA)
FKuR Kunststoff (Germany)
Novamont S.P.A. (Italy)
Koninklijke DSM N.V. (the Netherlands)
BASF SE (Germany)
Metabolix Inc. (USA)
NatureWorks LLC (USA)
Arkema Group (France)
Eastman Chemical Company (USA)
DaniMer Scientific LLC (USA) are the key players in the global Bioplastic Packaging Machines Market.
Market Segmentation
The global bioplastic packaging machines market has been segmented based on type and application.
By type, the bioplastic market has been segmented into bio-PET, PLA, PBS, bio-PP, and others. Type-wise, the Bioplastic Packaging Machines Market is being dominated by the bio-PET segment. Bio-PET has similar properties as of conventional PET and is highly used for bottling and other packaging applications such as for manufacturing bags, food containers, carry bags, bottles, and others. Meanwhile, the PLA segment is anticipated to expand over the forecast period on account of easy processability and superior mechanical properties.
By application, the Bioplastic Packaging Machines Market has been segmented into plastic bottles, packaging, and others. Application-wise, the packaging segment is dominating the market and is likely to be the fastest-growing segment over the forecast period.
Regional Analysis
Region-wise, the Bioplastic Packaging Machines Market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
The Bioplastic Packaging Machines Market is dominated by Europe. The region has been a frontrunner in the adoption of green packaging solutions. Moreover, stringent government regulations prohibiting the use of polymers in packaging applications has created a conducive environment for the growth of the Bioplastic Packaging Machines Market in Europe. Moreover, due to the high level of awareness in the region, bioplastics are highly preferred, which generates considerable demand within the market. The European Union is aiding the growth of the market by reducing taxes on bio-based products. The UK, France, Germany, and Spain are the key contributors to the Europe market.
North America is likely to emerge as an important growth pocket in the coming years. Various laws are being regulated in the region to curb the intensifying problems of environmental pollution. The US and Canada are the key contributors to the North America market.
APAC market is likely to demonstrate notable growth over the forecast period. Escalating demand for packaged goods in the region is supporting the growth of the market. China is the major contributor to the APAC market. Other country-specific markets include South Korea, Australia, and Japan.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Unternehmensinformation / Kurzprofil:
Datum: 29.01.2020 - 09:59 Uhr
Sprache: Deutsch
News-ID 606084
Anzahl Zeichen: 5461
contact information:
Contact person: sagar
Town:
pune
Phone: 9876543207
Kategorie:
Packaging and Processing
Typ of Press Release: Product
type of sending: send
Date of sending: 29/01/2020
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