Bioplastics for Packaging Market is projected to observe vigorous growth at over 14% CAGR over 2017-2027

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High demand for bioplastics for packaging food and beverage products; consumer goods industry also expected to witness progressive growth in demand during 2017-2027

Bioplastics are the type of plastics that are either biodegradable or non-biodegradable and are largely used in the packaging of products from various industries such as food and beverages, pharmaceuticals, consumer goods etc. Bioplastics can be rigid or flexible. Rigid bioplastics are used for packaging of bottles, cups, trays, clamshells etc. Manufacturers are investing in research and development to develop bioplastics that are developed from algae and bacteria – these are known as 3rd generation bioplastics.

According to the market analysis, the food and beverage industry is expected to witness maximum demand for bioplastics. The F&B segment is expected to hold a market value of over US$ 12,700 Mn by the end of 2027, growing at a CAGR of 15.2% during the forecast period. However, the consumer goods market is also projected to experience growth at a high rate, with a CAGR of 13.3% during the forecast period 2017-2027.

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The growing demand for bioplastics from the food and beverage industry is helped by an increasing inclination towards packaged food items

The busy lifestyles of people have created a high demand for packaged foods and buyers have begun contributing more towards packaged food and beverages. Consumer spending on packaged products has considerably increased in the last few years due to a high disposable income. In this way, huge amounts of plastic packaging waste is created every month, leading to landfill issues. Makers are leaning toward bioplastics over customary plastics. Manufacturers are concerned about the rising packaging waste across the globe.

A high consumption rate of plastic packaging products has created tons of waste across industries. With the rising concern towards sustainability, urban consumers have started buying bioplastics products. As a safe living environment has become one of the major concerns of consumers, they have started preferring bioplastics packaged products over plastic packaged products.

Policy makers are playing major role in creating a sustainable environment. Governments across the world are emphasizing on biodegradable and bioplastics packaging material. Use of bioplastics will also reduce the compositing problem. Countries like China – which largely produces starch based products that are used for manufacturing bio plastic resin – are helping the market to grow. Packaging manufacturers are gaining support from government organisations to promote bioplastics. The manufacturers of packaging products are even receiving extra incentives to use bioplastics materials.

Underdeveloped countries still prefer plastic over bioplastic packaging owing to the high manufacturing costs

Consumers in underdeveloped or developing countries prefer using cheap products over costlier ones as per person spending of consumers is lower in these countries as compared to the developed regions. Bioplastics can be considered costlier due to the high production cost of resins. It requires advanced machinery as the basic plastic packaging machinery is incompatible with bioplastics.

Also, the processing cost and labor cost of bioplastics packaged products is comparatively higher than plastic packaged products. This results in a massive increase in the overall cost of the packaging products. Urban consumers who are well aware of the rising landfill issue prefer ecofriendly products such as jute bags, plates made from banana leaves, and bamboo furniture. Yet, in a country like India, the bioplastics packaging market still faces adaptability issues.

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Previous PostNylon Films for Liquid Packaging Market is projected to witness the fastest growth rate with a CAGR of 6.4% during the period of studyBeverage end use industry to stay ahead in the race with higher market share projected during the forecast period The global nylon films for liquid packaging market is witnessing a robust growth rate with the rise in use of flexible packaging in the global market. This growth is mainly driven by increasing awareness regarding the enhanced shelf life associated with flexible packaging products made from plastic. Such kind of packaging is more lightweight, flexible, and durable as compared to rigid plastic. The application of nylon films has increased in different areas and is mainly used in industries such as food, beverages, personal care, home care, industrial etc. According to the analysis of the global nylon films for liquid packaging market, the beverage end use segment is expected to hold the highest anticipated market value share of over US$ 200 Mn by the end of 2027. However, the industrial segment is projected to witness the fastest growth rate with a CAGR of 6.4% during the period of study. Get Sample Copy of this report @ https://www.xploremr.com/connectus/sample/374 The excellent gas barrier ability of nylon liquid packaging to increase global market demand, especially for storing carbonated drinks The beverage industry has helped the global nylon films for liquid packaging market grow exponentially. Many regions have witnessed a growing demand for smaller pack sizes, and this has led to a rise in demand for stand up pouches and bottles. This is also a result of the increase in demand for bottled water consumption. This trend is anticipated to augment global market demand for PET bottles in the near future. Further, nylon liquid packaging is preferred due to its inherent property of gas barrier ability that makes it the first choice for storing carbonated drinks. Many companies are looking for opportunities to capitalise their businesses by selling seasonal flavoured water. The global nylon films for liquid packaging market is also witnessing a growing consumption of sports and energy drinks, RTD beverages and flavoured milk. Also, these beverages are available in multi-sized packaging and cost-effective multipacks that are easy to handle and store. These trending aspects are creating lucrative growth opportunities for manufacturers in the global nylon films for liquid packaging market. Lack of advanced technology for beverage packaging and dependency on traditional packaging methods may restrict revenue growth of the global nylon films for liquid packaging market The global nylon films for liquid packaging market is expected to face some restrictions in its growth especially in under-developed regions. Such regions do not have access to highly advanced machinery for manufacturing beverage packaging products and there is also a dearth of trained professionals who can operate such advanced machinery. Manufacturers in the various under-developed regions use sub-standard raw materials for manufacturing packaging products, which in turn can impede revenue growth of the beverage packaging market. Some regions even face lack of raw materials needed for manufacturing nylon films for liquid packaging. In such a situation, manufacturers are bound to use traditional methods and cheaper alternatives of barrier technology. However, long-term contracts and collaborative practices to get the desired results at low costs can help address some of these challenges. Moreover, maintenance contracts with equipment suppliers and use of digital platforms such as Skype and YouTube to provide training and to support service calls can resolve the issues of manufacturers in under developed regions. Buy Now Full Report @


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