NEW YORK--(BUSINESS WIRE)--Persistence Market Research (www.persistencemarketresearch.com), has published a new market report titled “Global Market Study on Bioplastics Packaging for Food and Beverages: Beverages Packaging to Witness Highest Growth by 2020,” the global bioplastics packaging for food and beverages market is estimated at USD 4,342.5 million in 2014, and is expected to reach USD 28,503.6 million by 2020, growing at a CAGR of 36.8% from 2014 to 2020.
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The study identifies key growth factors such as growing government concern over environmental impact and sustainability, consumer attention to eco-friendly packaging and an inclination toward lower reliance on petroleum.
Improving physical properties of packaging, such as a glossy and attractive appearance, antistatic behaviour, printability, barrier effect, and enhanced shelf life of fresh products with the introduction of nanotechnology, are major trends in the bioplastics food and beverages packaging market.
Europe has the largest market for bioplastics packaging for food and beverages, followed by North America and Asia Pacific. Japan, China, Germany and the U.S. are major regional bioplastics packaging markets for food and beverages. Leading players in bioplastics packaging for food and beverages market include: NatureWorks, LLC, Novamont S.p.A, The Dow Chemical Company (Dow), Metabolix, Inc., and Innovia Films, Ltd.
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The study covers bioplastics packaging for food and beverages market by product, application and geography. By product type the market covers: Bio-PET, PLA and PLA blends, starch blends, and other biodegradable. By application type: food, beverages, and catering. By region: North America, Asia Pacific, and Europe with a separate section for Rest of the world (RoW).
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Global Nano-Enabled Packaging Market - Nano-Enabled Packaging Market For Food and Beverages Industry Will Reach $15.0 billion in 2020, globally.
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries.