Persistence Market Research Released New Market Report on “Bioplastic Packaging Market - Global Industry Analysis and Forecast to 2020”

New York, NY -- (SBWire) -- 09/16/2014 --Packaging is one of the largest industries globally. Currently, bioplastic packaging market represents a small percentage of packaging market. However, bioplastic packaging is quickly gaining consumer confidence due to increasing awareness towards eco-friendly packaging substitutes. Bioplastics are primarily made from natural and renewable resources such as vegetable oils and fats, corn starch and pea starch. The bioplastic products that are made from starch are widely used to make career bags. Bioplastic packaging is used across various industries such as consumer goods, food and beverages and food service ware.

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Bioplastic packaging for food and beverages is one of the major growing segments of the global bioplastic packaging market. North America and European countries dominate the global bioplastic packaging market for food and beverages. China and India are expected to show high growth rate in the next five years in Asia-Pacific region. Some of the major driving force for bioplastic packaging market in the emerging countries is the increase in the number of manufacturing companies for various consumer goods, the increasing demand for packaged food and beverages and increasing urbanization rate.

Bioplastic do not have adverse effect after disposing as compared with common plastics, which is a major reason for increasing demand. Many companies make use of the bioplastic to do packaging for packing different food products such as bread, fruits and vegetables. Bioplastic packaging helps in keeping food safe and fresh and ensures that the food does not get contaminated thus maintaining the food quality. On the other hand, common plastics are produced from fossil fuels and produce more greenhouse gas affecting the environment negatively.

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In recent time, there has been an increasing demand for bioplastic products majorly due to increasing prices in the oil prices and the decreased supply of raw material used to manufacture petrochemicals. Disposing of normal plastic is a major issue which can be solved by using bioplastic products as they can be recycled and reused multiple times. Bioplastic packaging helps in waste management, as its biodegradable characteristic facilitates decomposition process and hence reduces on the quantity of waste from the society. This characteristic helps to make the management of waste less time consuming and economical.

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Increasing demand for eco-friendly packaging, increasing price of fossil materials (used in making common plastics) and sustainable and new recycling options are the major driving force for bioplastic packaging market for food and beverages. With the increasing environmental issues such as global warming and increased global pollutions draw a major concern for the world population. Increasing awareness about the environment friendly products among the people drives the demand for eco-friendly packaging. With the increasing concern on the fuel shortages, products that consume less fuel in their production are gaining importance in the industrial sector.

When compared to ordinary plastics, the production process of bioplastic is less dependent on petroleum fuel. Currently, many industry players are using bioplastic packaging to differentiate their product from the competitors’ product. Some of the major companies operating in the bioplastic packaging market for food and beverages are Cargill’s NatureWorks, Biosphere Industries, LLC, Corbion Purac, Plantic Technologies and Braskem.

Key points covered in the report:-

1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.

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