Bioplastic Packaging Material Budding Market to 2019

2015-04-02
Published : Apr-2015

With the increasing awareness on environment protection the popularity of Bioplastic Packaging is becoming evident. Governments, environmentalists and other regulatory bodies have been constantly pressurising companies to produce environment-friendly packaging materials in order to stop environment pollution. People might get inquisitive on the raw materials being used for the bioplastics as the polymers are made from renewable sources. Therefore there is a possibility that the content inside the packet may react with the packaging and get spoiled. However, standards have been set for this and presently this industry is flourishing. It is the future of the packaging industry. It is expected that over the next few decades plastic packaging will be replaced by bioplastic packaging material. Environment plays a very important factor in deciding on the biopolymer based packaging material such that the packaging doesn’t get degraded with the existing environmental condition. This kind of packaging is increasingly used in the field of horticulture, food packaging, toys, textile, fibres, etc.

Experts predict that the Global Bioplastic Packaging Materials market will grow at a CAGR of 23.75% over 2014-2019. There are different types of bioplastics available in the market- polymers that are directly extracted from biomass and processed, polymers that are made from bio-based precursors and polymers that are made by bacteria.

Europe, North America and APAC are the key regions for the Bioplastic Packaging Material market. Some of the key players in this market are Arkema, BASF, Braskem, NatureWorks and Novamont. Other important vendors  of this market are Acetati, Albis Plastics, Bayer MaterialScience, Biome Bioplastics, Biopearls, BIOTEC, Cardia Bioplastics (Biograde), Corbion, DaniMer Scientific, Dow Chemical Company, Eastman Chemical Company, FKuR Kunststoff, Grace Biotech, IFS chemicals, Innovia Films, IRE Chemicals and Meredian. It is important if the companies are targeting to increase bioplastic packaging then they reduce the material costs in some way or else the total packaging cost increases and that won’t be acceptable by the players of the market. Presently the use of this form of packaging is comparatively on the lower side. There are enough opportunities in this market hence we can expect many new entrants in this industry.

The market of Global Bioplastic Packaging Materials market can be primarily categorized into two segments ie, Flexible and Rigid Packaging. The rigid packaging covers major share of the Bioplastic Packaging market segment compared to the flexible packaging.  However market experts predict that in the coming days the flexible packaging will cross over the business the other segment is doing. On the basis of product type, the Global Bioplastic Packaging Materials market can be categorized into five segments: Bio-PET, PLA and PLA Blends, Starch Blends, Bio-PE, and Others. The Others segment includes durable starch blends, bio-PC, bio-PTE, bio-PUR, bio-PA, PPT, and other cellulose-based products.

For a detailed reading on Bioplastic Packaging Material market one can read the report on Global Bioplastic Packaging Material Market 2015-2019 @ http://www.sandlerresearch.org/global-bioplastic-packaging-material-market-2015-2019.html .

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