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NEWARK, Del, June 05, 2023 (GLOBE NEWSWIRE) -- The bioplastics for

NEWARK, Del, June 05, 2023 (GLOBE NEWSWIRE) -- The bioplastics for packaging market is forecast to expand at 10.3 % CAGR over the estimated time period, as per FMI's analysis. The industry's size is predicted to reach a market value of US$ 11.6 billion in 2023.

The demand for bioplastics solutions to package products is expected to be driven by government initiatives to lower ecological waste, particularly plastic packaging waste, and better the waste management processes. Governments across the globe are creating restrictions on the use of traditional plastics, which is pushing the growth of bioplastic as a steady substitute in the packaging industry.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find m ore insights in a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-6087

Developing economies, such as India, strongly rely on single-use plastics. These economies have been observing a vigorous phase-out of single-use plastics due to legislation surrounding the ban on single-use plastics. The country is projected to observe heavy developments in the bioplastics for packaging industry, in line with the goals mentioned in the Plastic Waste Management Amendment Rules, 2021.

Rigid bioplastics are utilized in the packaging of cosmetic products like lipsticks, compact powders, creams, etc. The extensive application of cosmetics makes way for heightened demand for bioplastics for packaging.

Due to the increasing buzz around bio-plastics, several bioplastics application technologies are being found in developed countries with the aid of substantial research and development funding. For example, Brown University students created a bioplastic ‘Fette’ cup to swap solo cups, in July 2021. The solo cups are composed of number six plastic, which is toxic to the environment.

Top Highlights for Packaging Market:

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Innovatio n Watch: Key Developments in this Market :

Key Players are :

Market by Categorization:

By material, bioplastics for packaging market is segmented as:

By application, bioplastics for packaging industry is segmented as:

By end use, bioplastics for packaging industry is segmented as:

By region, bioplastics for packaging industry is segmented as:

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Table of Content ( ToC ):

1. Executive Summary

2. Market Overview

3. Market Background

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-6087

Explore Trending Reports of Packaging :

FMCG Packaging Market Demand : Demand in the global FMCG packaging market is projected to grow at a 5.8% CAGR over the forecast period, in comparison with the 4.0% CAGR registered between 2018 to 2022.

Beverage Packaging Market Analysis : According to the study conducted by FMI, beverage packaging sales will rise 1.3 times from the base year value over the forecast period, generating lucrative investment opportunities for the manufacturers. A large share of 37.3% of the global beverage packaging market is expected to come from the Asia Pacific region by 2022.

Flexible Packaging Paper Market Size : The flexible packaging paper market is expected to grow considerably due to the increasing adoption of eco-friendly packaging products by consumers. Flexible packaging paper is widely preferred due to its properties such as lightweight, cost-effectiveness and durability.

Biodegradable Packaging Market Share : The biodegradable packaging market is projected to bolster the increasing demand for sustainable and eco-friendly packaging in various end use industries. A new forecast by FMI analysis estimates that biodegradable packaging sales will augment from 2022 to 2032 and is anticipated to create a growth opportunity of US$ 1.8 Billion.

Protective Packaging Market Outlook : According to the FMI study, China is expected to account for around 54% of the Asia Pacific excluding Japan's protective packaging market in 2033. End-use industries such as automotive, electronics, and chemical in China are slated to increase protective packaging demand.

Dairy Products Packaging Market Growth : The global dairy product packaging market has seen volatile market growth during the last few years due to sluggish growth on the part of global dairy production and unbalanced supply & demand. Due to the large inventory of milk in powdered form keeping overall profitability margins low, producers are reluctant to make fresh investments.

Next Generation Packaging Market Sales : Future Market Insights predict a comparison and review analysis of the dynamics of the next-generation packaging market, which is principally subjected to an array of industry factors along with a few definite influences concerning the high cost of installation of next-generation packaging technology expected to curb market growth.

Meat Packaging Market Volume : Meat packaging is a type of packaging used to protect meat and meat products from mechanical, chemical, and biological hazards during processing, storage, and distribution. It is typically made from materials such as polyethylene, polypropylene, and polyvinyl chloride, and helps end users significantly improve the shelf life of meat products while retaining the original characteristics of the packaged items.

Liquid Carton Packaging Market Value : Sales of liquid carton packaging are expected to rise as demand for packaged foods and beverages increases, as is the ease of carrying and transporting them. In addition to this, demand for liquid carton packaging is rising on account of packaging advancements and the recyclable characteristic of cartons.

Plastic Healthcare Packaging Market Types : Demand for plastic healthcare packaging in Germany is expected to rise at nearly 3.8% CAGR over the forecast period. Germany is well known for its technology-driven industry and its developments in the healthcare sector owing to the stringent government rules and initiatives.

Ab out Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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