Clear bioplastics packaging market- An overview
The need for sustainable packaging for a vast range of products has confined many industrial verticals. The strict government regulations with the inclusion of plastics have induced the importance of bioplastics in the market. Several companies from around the world are shifting towards the clear bioplastics packaging. The clear bioplastics packaging is majorly gaining traction and attaining a privileged status in the food & beverages packaging industry as the consumers are diligently paying attention to the materials which are used for wrapping their consumables.
The adoption of biodegradable materials for the production of clear bioplastics packaging so as to protect the environment is expected to boost the growth of the clear bioplastics packaging market.
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Clear bioplastics packaging market- Market dynamics
The packaging solutions have recently incurred significance among several industries. The manufacturers of food and beverages are inclining towards the most suitable packaging technology, which will benefit the packaging requirements of a variety of products. The clear bioplastics packaging expected to gain prominence worldwide as these are obtained from renewable biomass sources. The changing consumer preferences for adapting natural material will drive the market for the clear bioplastics packaging. Many top manufacturers have started manufacturing the different packaging items made up of clear bioplastics such as tapes, films, tableware, and medical equipments. Along with this, the initiatives by the government in different countries enacted to ban the production of hazardous plastic materials because of the emission of harmful substrates.
By including chemical additives in manufacturing of clear bioplastics for packaging has spiked many health concerns. Apart from the health concerns, the clear bioplastics packaging materials are disposable and therefore attracting different end user industries. Also, by enhancing the physical property of packaging items by customising them and making them attractive has been observed so far to be a key trend affecting the growth of clear bioplastics packaging market.
Clear bioplastics packaging market- Market segmentation
By material type, the clear bioplastics packaging market is segmented as follows-
- Protein based bioplastic
- Cellulose based bioplastic
- Starch based bioplastic
- PLA (Polyactic Acid)
- PBS (Polybutylene Succinate)
- PHA (Polyhydroxyalkanoates)
- PHB (Polyhydroxybutyrate)
- PBAT (Polybutylene Adipate Terephthalate)
- Bio- PE (Polyethylene)
- Bio- PET (Polyethylene terephthalate)
By application, the clear bioplastics packaging market is segmented as follows-
- House-hold packaging
- Commercial packaging
- Pharmaceutical packaging
- Confectionery packaging
- Beauty products packaging
By end user industry, the clear bioplastics packaging market is segmented as follows-
- Food and Beverages industry
- Pharmaceuticals industry
- Consumer Goods
Clear bioplastics packaging market- Regional Outlook
The Europe currently has the largest market of clear bioplastics packaging markets. The European government had been very supportive for environmental protection initiatives and had also incentivized the clear bioplastics packaging. The North America and Asia-Pacific regions have a lucrative market of the clear bioplastics packaging as they are also tending towards the bio-based plastic packaging to contribute in the sustainable development. Also, the regions like Middle East & Africa, Latin America and Oceania have sluggish growth in the clear bioplastics packaging market but are gradually following up.
Clear bioplastics packaging market- Competitors
The key manufacturers of the clear bioplastics packaging market are as follows-
- BASF SE
- Amcor Limited
- Metabolix, Inc
- GOOD NATURED PRODUCTS INC
- The Dow Chemical Company (Dow)
- Eco Friendly Product – NTIC
- Novamont S.p.A
- Eastman Chemical Company
- Koninklijke DSM N.V
- NatureWorks, LLC
- Braskem S.A
- Innovia Films, Ltd
- Arkema S.A.
- IFS chemicals
- Biome Bioplastics Limited.
- DaniMer Scientific LLC.
- FKuR Kunststoff
- Grace Biotech
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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