With the emergence and long-term Impact of COVID-19, Global Biopolymer Packaging Market to reach USD XXX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Biopolymer Packaging Market points towards a potential rise to USD XXX Million by 2030. Biopolymer packaging refers to the use of biopolymers, which are polymers derived from renewable resources, as materials for packaging applications. These biopolymers are typically derived from sources such as plants, animals, or microorganisms, and they offer several advantages over traditional petroleum-based plastics. The key factors such as cohesive government regulations for bio-based packaging solutions, rising awareness for human well-being and eco-friendly products, and growing research and development activities on biopolymer are anticipated to create lucrative opportunities for the market during forecast period.
Geographically, the global Biopolymer Packaging market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Europe dominated the market in 2022 owing to the presence of key market players, the rise of the industry in Europe has also been aided by strong buying power and great awareness among the population at large. Asia Pacific is expected to grow significantly during the forecast period.
The expansion of the market in the area is attributed to rising consumer awareness and a growing restriction on single-use plastic, especially in nations like Taiwan, Malaysia, India, and others. As part of its environmental reform drive, China has also stopped importing plastic waste for recycling and is instead concentrating on sustainable growth. Over the course of the forecast period, developments like these are anticipated to fuel the expansion of the regional biopolymer packaging market.
The global Biopolymer Packaging market is highly competitive owing to the presence of several key players such as Novamont S.p.A, Innovia Films, LtdNatureWorks, LLC, Braskem S.A, Ltd., Mondi Group, Taghleef Industries Inc., Clondalkin Group Holdings BV, Sonoco Products Company, Berry Plastics Group Inc., and others.
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Key findings of the study suggest:
- Global Biopolymer Packaging Market is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030.
- In the Material Type segment, Biodegradable emerged out as the leading market segment in 2022.
- Europe is anticipated to drive regional growth owing to the presence of key market players, the rise of the industry in Europe has also been aided by strong buying power and great awareness among the population at large.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Material Type:
- Non-biodegradable
- Biodegradable
By End-user Industry:
- Food and Beverages
- Retail
- Healthcare
- Personal Care/Homecare
- Other End-user Industries
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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