Europe to Remain a Dominant Bioplastic Packaging Market Through 2020

(Newswire.net — July 25, 2017) New York City, New York — Increasing preference for packaging materials made from natural or organic polymers in the food and beverages industry has led to an upsurge in demand for bioplastic packages. Initiatives taken by the government in various countries to encourage production and application of bioplastics will contribute towards growth of the global bioplastic packaging market significantly. 

Factors Fuelling Growth of the Global Market

Growing need for organic or natural polymer in the food and beverages industry has led to an upsurge in demand for bioplastic packages globally. Increasing demand for eco-friendly products and packages among industries, and government is likely to impact growth of the global bioplastic packages market significantly. Moreover, concerns regarding convenience, and safety in a range of food and beverages packaging has led to an upsurge in demand for bioplastic packages among consumers. Such factors will further impact growth of the global bioplastic packaging market during the predicted period.

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Further, consumers are becoming more aware regarding the benefits of eco-friendly products due to increasing coverage by media. Such factors are guiding the decision of consumers regarding purchase of products. Additionally, environmental and health-related issues are further likely to impact growth of the global bioplastic packaging market positively during the predicted period. Governments in various countries have imposed regulations regarding compost of conventional, and non-biodegradable plastics. 

On the other hand, bioplastics are difficult to segregate from the disposal site as the type of resin makes the process of recycling complicated and tough. Such factors are likely to inhibit growth of the global bioplastic packaging market through 2020. 

Food and Beverages to Witness Significant Demand

 The bioplastic packages are likely to witness significant demand in the food and beverages industry during the predicted period. Moreover, introduction of bioplastic based on nano-technology for packaging food and beverage products will fuel growth of the global bioplastic packaging market by the end of 2020.

The nano-enabled packages guarantee safety of food products, environment, and enhanced performance properties including barrier properties such as starch and PLA-based bioplastics. These packages further makes them apt for packaging food products that have moisture content.

Europe to Remain a Dominant Market 

Europe among other regions is likely to remain dominant in the global bioplastic packaging market during the predicted period. APAC and North America are likely to remain lucrative regions in the global market of bioplastic packaging throughout 2020. Germany, Japan, U.S., and China are likely to register significant growth in the global bioplastic packaging market by the end of 2020.

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Market Players

Major market players operating in the global bioplastic packaging market include The Dow Chemical Company (Dow), Metabolix, Inc., NatureWorks, LLC, Novamont S.p.A, Braskem S.A, Innovia Films, Ltd, Arkema S.A., Koninklijke DSM N.V., and BASF SE (Badische Anilin- und Soda-Fabrik). Leading market players operating in the global bioplastic packaging market are mainly focusing on developing new products that give a competitive edge to the market players over others. Moreover, investing in new product development could underscore various opportunities for the market players operating in the global bioplastic packaging market.