The North American bioplastic packaging market is anticipated to grow significantly over the forecast period (2020-2026). The key factors that drive the growth of the market include the presence of various key players in the market. Some of the key players operating in the North American bioplastic packaging industry include BASF SE, Mitsubishi Chemical Corp., The Dow Chemical Co., Koninklijke DSM N.V., Toray Industries Inc., Corbion N.V.?, Eastman Chemical Co., and NatureWorks LLC. These key players continuously contribute to the growth of the market by adopting several growth strategies including product launches, innovations, and mergers & acquisitions among others.
Browse the full report description of "North American Bioplastic Packaging Market Size, Share & Trends Analysis Report by Type (Biodegradable Plastics (Starch-based, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Polyester, Cellulose Derivatives), and Non-biodegradable Plastics (Bio-polyethylene Terephthalate (PET), Bio-Polyethylene, Bio-Polyamides, Bio-Polytrimethylene Terephthalate, and Other Non-biodegradable Plastics), By Packaging Type (Rigid Packaging and Flexible Packaging), and by End-User Industry (Food & Beverage, Pharmaceutical, Personal Care, and Others) Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/north-american-bioplastic-packaging-market
Besides, the shift of consumers, as well as big brands towards the adoption of bio-based packaging products, also drives the market growth over the forecast period. Food & beverage, healthcare, household, and personal care among various other end-user industries are significantly shifting from non-renewable packaging towards renewable and bio-based packaging products, which is another prime factor to drive the growth of the market over the forecast period.
Along with this rising environmental concern among the users also led the users to prefer eco-friendly and reusable packaging items. The mounting pressure of the consumers on the brand owners to curb down the use of single-use plastics or environmental harming products is leading the brands to shift towards the bio-based packaging products such as bioplastics packaging products. Thus, this is likely to drive the growth of the market over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
North America Bioplastic Packaging Market – Segmentation
By Type
o Starch-based
o Polylactic Acid (PLA)
o Polyhydroxyalkanoates (PHA)
o Polyester
o Cellulose Derivatives
o Bio-polyethylene Terephthalate (PET)
o Bio-Polyethylene
o Bio-Polyamides
o Bio-Polytrimethylene Terephthalate
o Other Non-biodegradable Plastics
By Packaging Type
By End-User Industry
North America Bioplastic Packaging Market – Countries Covered