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Bioplastic Packaging Market 2019-2023 | Evolving Opportunities With Amcor Limited and BioPak | Technavio

October 30, 2019 GMT
Bioplastic Packaging Market 2019-2023 | Evolving Opportunities With Amcor Limited and BioPak | Technavio
Bioplastic Packaging Market 2019-2023 | Evolving Opportunities With Amcor Limited and BioPak | Technavio

LONDON--(BUSINESS WIRE)--Oct 30, 2019--

Technavio has been monitoring the global bioplastic packaging market since 2014 and the market is poised to grow by USD 5.01 billion during 2019-2023, progressing at a CAGR of about 18% during the forecast period.

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Technavio has announced its latest market research report titled global bioplastic packaging market 2019-2023. (Graphic: Business Wire)

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Read the 120-page research report with TOC on “Bioplastic Packaging Market Analysis Report by Type (rigid and flexible), by Geography (APAC, Europe, North America, MEA, and South America), and Segment Forecasts, 2019 - 2023”.

The market is driven by the increase in the use of bioplastic packaging by end-users. In addition, the adoption of innovative materials for the manufacturing of bioplastic packaging is anticipated to further boost the growth of the bioplastic packaging market.

There is an increase in consumer preference for biodegradable material-based products owing to growing awareness of the pollution that is causing damage to the environment. Many end-users including food processing companies and retailers are opting to package their products in bioplastic packaging materials. For instance, supermarket chains are replacing plastic bags with biodegradable bags such as bioplastic packaging. Thus, the increase in the use of bioplastic packaging by end-users is expected to drive market growth during the forecast period.

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Major Five Bioplastic Packaging Market Companies:

Amcor Limited

Amcor Limited is headquartered in Switzerland and owns and operates businesses under the segments, Flexibles and Rigid Plastics. The company offers a wide range of products such as Packpyrus, NaturePlus Renewable PE, and NaturePlus Compostable PLA. It also offers Bemis Encompass and Encore Recyclable Film.

BioPak

BioPak is headquartered in Australia and manufactures and offers products through the business unit, Compostable packaging. The company offers 360ml Clear Tumbler BioCup, Pizza Slice Natural Clamshell, ByoCups, 4oz White BioCup, 8oz White BioCup, and 4oz Leaf BioCup. The company also offers Art Series BioCup and 8L BioCheckout Bag.

Eco Friendly Product - NTIC

Eco Friendly Product – NTIC, is headquartered in the US and has business operations under the segments, ZERUST and Natur-Tec. The company offers 13 Gallon Natur-Bag Retail Pack, 39 Gallon Natur-Bag, 58 Gallon Natur-Bag, and 3 Gallon Natur-Bag. The company also offers Medium Natur-Bag Shopper and Retail Pack.

GOOD NATURED PRODUCTS INC.

GOOD NATURED PRODUCTS INC. is headquartered in Canada and offers products through the business segments, Food packaging and Home and business products. The company offers 01-Count, 360˚ Clear View, 05-Count, 360˚ Clear View Tiered, Various Count Rippled Side Tray, and Various Count Rippled Bottom Tray.

TIPA

TIPA is headquartered in Israel and offers a wide range of products through its business segment, Flexible packaging solutions. The company offers fully compostable flexible packaging and bio-based packaging solutions.

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Bioplastic Packaging Type Outlook (Revenue, USD Million, 2019 - 2023)

Bioplastic Packaging Regional Outlook (Revenue, USD Million, 2019 - 2023)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Consumer Staplesare:

Packaging Market – Global Packaging Market by type (board packaging, rigid plastic packaging, flexible packaging, metal packaging, and glass packaging),end-users (food, beverage, healthcare, personal care, and others), and geography (APAC, Europe, MEA, North America, and South America).

Polyethylene Packaging Market – Global Polyethylene Packaging Market by type (HDPE and LDPE), application (food and beverage, medical, and others) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191030005596/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/30/2019 09:30 AM/DISC: 10/30/2019 09:31 AM

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