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ravi1996 · 1 year

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Bioplastics Market Share, Size, Global Driving Factors by Manufacturers, Growth Opportunities

The global bioplastics market size was USD 10.64 Billion in 2021 and is expected to register a revenue CAGR of 16.8% over the forecast period, according to the latest analysis by Emergen Research. Increase in demand for bioplastics from the automotive industry and demand for compostable plastics to improve soil quality are factors expected to support revenue growth of the market between 2022 and 2030. The automotive industry's primary objective and challenge is to reduce fuel consumption and pollutants by reducing vehicle weight. Bioplastics are effective materials for achieving this purpose. These smart plastics, such as bio-PA and bio-PP, have been embraced by major vehicle manufacturers to reduce environmental impact and provide additional strength to automobile components. Thus, demand for these plastics in the automotive industry owing to their excellent properties is anticipated to create lucrative growth prospects for companies in the market.

Get a sample of the Bioplastics Market report @ https://www.emergenresearch.com/request-sample/169

The global Bioplastics market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Bioplastics market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Bioplastics market.

Emergen Research has segmented the global Bioplastics market on the basis of type, platform, application, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

Biodegradable

Polybutylene Adipate Terephthalate (PBAT)

Polybutylene Succinate (PBS)

Polylactic Acid (PLA)

Polyhydroxyalkanoate (PHA)

Starch Blends

Others

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Online

Offline

Application Outlook (Revenue, USD Billion; 2017-2027)

Packaging

Textile

Automotive & Transportation

Consumer Goods

Agriculture

Building & Construction

Others

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Based on the competitive landscape, the market report analyzes the key companies operating in the industry:

BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

How will this Report Benefit you?

An Emergen Research report of 250 pages contains 194 tables, 189 charts and graphics, and anyone who needs a comprehensive analysis of the global Bioplastics market, as well as commercial, in-depth analyses of the individual segments, will find the study useful. Our recent study allows you to assess the entire regional and global market for Bioplastics. In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.

Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To Study Full Bioplastics Market Report, click here @ https://www.emergenresearch.com/industry-report/bioplastics-market

What Questions Should You Ask before Buying a Market Research Report?

How is the Bioplastics market evolving?

What is driving and restraining the Bioplastics market?

How will each Bioplastics submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2027?

How will the market shares for each Bioplastics submarket develop from 2020 to 2027?

What will be the main driver for the overall market from 2020 to 2027?

Will leading Bioplastics markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

How will the market shares of the national markets change by 2027 and which geographical region will lead the market in 2027?

Who are the leading players and what are their prospects over the forecast period?

What are the Bioplastics projects for these leading companies?

How will the industry evolve during the period between 2020 and 2027? What are the implications of Bioplastics projects taking place now and over the next 10 years?

Is there a greater need for product commercialisation to further scale the Bioplastics market?

Where is the Bioplastics market heading and how can you ensure you are at the forefront of the market?

What are the best investment options for new product and service lines?

What are the key prospects for moving companies into a new growth path and C-suite?

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Thank you for reading our report. To know more about the customization of the report, please get in touch with us, and our team will ensure the report is suited to your requirements.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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#Bioplastics Market #Bioplastics Market Size #Bioplastics Market Share #Bioplastics Market Demand

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manthanwwww · 5 months

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Biodegradable Plastic Market

Biodegradable Plastic Market Share, Trend, Growth and Global Opportunity Analysis and Industry Forecast, 2023-2030.

Overview

The global Biodegradable Plastic Market is likely to exhibit steady growth over the forecast period, according to the latest report on Qualiket Research.

The global biodegradable plastic market size was estimated at USD 4.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030.

The leading players operating in the Biodegradable Plastic Market are also studied in the report to provide readers with a comprehensive overview of the competitive landscape in the market. The major strategies used by leading players are studied in the report to provide readers with an idea of what works and what doesn’t, in the Biodegradable Plastic Market. Individual key players are analyzed in detail in the report in order to elaborate on their regional analysis and product catalog, providing a clear overview of each major player operating in the Biodegradable Plastic Market.

Key Players:

BASF SE,

Natureworks,

Total Corbion PLA,

Mitsubishi Chemical Corporation,

Biome Bioplastics,

Bio-On,

Danimer Scientific,

Request A Free Sample: https://qualiketresearch.com/reports-details/Biodegradable-Plastic-Market

Market Segmentation: Global Biodegradable Plastic Market is segmented into type such as PLA (Polylactic Acid) PBAT (Polybutylene Adipate Terephthalate),PBS (POLYBUTYLENE SUCCINATE), PHA (POLYHYDROXYALKANOATES), Starch Blends, and Others. Further, market is segmented into application such as Packaging, Agriculture, Consumer Durable, Textile, and Others.

Regional Analysis: Global Biodegradable Plastic Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

About Us:

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers.

QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence.

QualiKet Research strive hard to simplify strategic decisions enabling you to make right choice. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. Our experts provide deep insights which is not available publicly that enables you to take bold steps.

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jayanthitbrc · 7 months

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Global Mulch Films Market Overview – Market Growth Analysis And Key Drivers

The Mulch Films Global Market Report 2023, provides comprehensive information on the mulch films market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Mulch Films Market’s Growth:

As per The Business Research Company’s Mulch Films Global Market Report 2023, the global mulch films market size is expected to grow from $3.99 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mulch films market size is expected to reach $5.71 billion in 2027 at a CAGR of 7.2%.

Get A Free Sample Of The Report (Includes Graphs And Tables):

Product innovations are a key trend gaining popularity in the mulch films market. Major companies operating in the mulch films market are developing new products to strengthen their position in the market. For instance, in Feb 2020, Novamont S.p.A, an Italy-based company operating in mulch films launched MATER-BI bioplastic, used for the production of soil-biodegradable mulch films in compliance with European standard UNI EN17033 has been certified to comply with the AIAB Technical Means specification. This product would aim to guarantee all farmers and professional users products that have been compatible with the environment and will meet technical and ethical sustainability requirements and capable of use under different environmental conditions and on crops having many different cycles with excellent agricultural results. Due to its biodegradability in soil MATER-BI film ad does not need to be recovered and disposed of at the end of the cultivation cycle, and left in the soil where it is biodegraded by microorganisms, and helping to reduce plastic waste production and preserve the soil from pollution by plastics.

The mulch films market is segmented:

1) By Product Type: Non-Biodegradable, Biodegradable

2) By Material Type: Polyethylene, Polypropylene, Polyvinyl Chloride, Polylactic Acid /Polyhydroxyalkanoates, Polybutylene Succinate, Ethylene-Vinyl Acetate, Other Bio-Based Material

3) By Application: Agriculture, Horticulture

Asia-Pacific was the largest region in the mulch films market in 2022.

The table of contents in TBRC’s mulch films market report includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

Learn About Us: The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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rohit0024 · 7 months

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By 2030, Polybutylene Succinate Market Poised to Achieve $1.39 Billion

Polybutylene Succinate Market Growth & Trends The global polybutylene succinate market size is expected to reach USD 1.39 billion by 2030, as per the new report by Grand View Research, Inc. The Polybutylene Succinate (PBS) market is anticipated to expand at a CAGR of 19.7% from 2022 to 2030. The growth is majorly driven by the rising demand for biodegradable polymers throughout the world.…

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naviga1 · 8 months

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manojbh · 1 year

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Automotive Bioplastic Market – Industry Trends, Key Driver, size, share,

In the top notch Automotive Bioplastic market report, the complete and crystal clear outline of the market is penned down which is useful for many businesses. With this business report not only an unskilled individual but also a professional can easily extrapolate the entire market within a few seconds. TOC, graphs and tables included in the report helps understand the market size, share, trends, growth drivers and market opportunities and challenges. The credible Automotive Bioplastic business report provides key statistics on the market status of global and regional manufacturers and is a valuable source of guidance and direction for the companies and individuals interested in the industry.

The market research study and research data covered in the consistent Automotive Bioplastic report makes it a handy resource for managers, analysts, industry experts, and other key people get ready-to-access and self-analyzed study. Estimations about the rise or fall of the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are evaluated in the report. With this market research report clients can focus on the data and realities of the industry which keeps business on the right path. Automotive Bioplastic market report is the best overview about global industry perspective, comprehensive analysis, size, share, growth, segment, trends and forecast.

Get Sample Copy of the Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automotive-bioplastic-market

Global automotive bioplastic market was valued at USD 623.30 million in 2021 and is expected to reach USD 1365.53 million by 2029, registering a CAGR of 10.30% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

The bioplastics used in the automotive industries is known as “automotive bioplastic”. The raw material used in the manufacturing of the bioplastics are usually from the biological sources such as corn starch, vegetable and oil fats, recycled food waste and other conventional sources such as fossil fuels.

Global Automotive Bioplastic Market Scope

The automotive bioplastic market is segmented on the basis of material type, applications and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

· Bio Poly-Amide (PA)

· Bio Poly-Trimethylene Terephthalate (PTT)

· Bio Polyethylene Terephthalate (PET)

· Bio Polybutylene Succinate (PBS)

· Bio Polypropylene (PP)

· Bio Polyethylene (PE)

· Others

Applications

· Exterior

· Interior

· Engine Surrounding

· Others

Vehicle Type

· Passenger Car

· Light Commercial Vehicle

· Heavy Commercial Vehicle

· Electric Vehicles

Competitive Landscape and Automotive Bioplastic Market Share Analysis

The automotive bioplastic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive bioplastic market.

Some of the major players operating in the automotive bioplastic market are

· Mitsubishi Chemical Corporation. (Japan)

· TotalEnergies (France)

· TEIJIN LIMITED. (Japan)

· NatureWorks LLC (U.S.)

· DENSO CORPORATION. (Japan)

· Solvay (Belgium)

· TORAY INDUSTRIES, INC. (Japan)

· TORAY INDUSTRIES, INC. (Germany)

· Arkema (France)

· Braskem (Brazil)

· Novamont S.p.A. (Italy)

· RTP Company (U.S.)

· BASF SE (Germany)

· Dow (U.S.)

· Eastman Chemical Company (U.S.)

· AGRANA Beteiligungs-AG (Austria)

· Anellotech, Inc. (U.S.)

· BioSphere Plastic (U.S.)

· Bosk Bioproduits inc. (Canada)

· Covestro AG (Germany)

· Danimer Scientific (U.S.)

· Metgen Oy (Finland)

Read InDepth Analysis Report@ https://www.databridgemarketresearch.com/reports/global-automotive-bioplastic-market

Automotive Bioplastic Market Regional Analysis/Insights

The automotive bioplastic market is analyzed and market size insights and trends are provided by material type, applications and vehicle type as referenced above.

The countries covered in the automotive bioplastic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance due to the increasing research and development activities within the region.

Asia-Pacific, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing vehicle production within the region.

Our Reports Will Help Clients Solve the Following Issues:

Uncertainty about the future: Our research and insights assist our clients forecast revenue compartments and growth ranges in the future. This will assist our clients in investing in or selling their assets.

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For a strategy, it is critical to have an objective understanding of market opinions. Our research provides a clear picture of market mood. We maintain this surveillance by engaging with Key Opinion Leaders from each industry's value chain.

Recognizing the most dependable investment hubs:

Our analysis assesses market investment centres based on projected demand, returns, and profit margins. By using our market research, our clients may concentrate on the most important investment centres.

Identifying and assessing possible business partners:

Our research and insights assist our clients in identifying business partners.

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Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

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davewik · 1 year

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marketingnews1212 · 1 year

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Bio-based Succinic Acid Market - Forecast(2023 - 2028)

The Bio-based Succinic Acid Market size is forecast to reach US$82.3 million by 2027 after growing at a CAGR of 7.3% during the forecast period 2022-2027. Bio-based Succinic Acid plays an important role in the production of biodegradable plastics and it also acts as a substitute of numerous chemicals such as Adipic Acid, Butanediol, Tetrahydrofuran, Polybutylene Succinate, and more. Moreover, Bio-based Succinic Acid is a type of carboxylic acid that is used for a wide range of applications such as pharmaceuticals, industrial, packaging, cosmetics & personal care, paints & coatings, and more.

#Bio-based Succinic Acid Market price #Bio-based Succinic Acid Market size #Bio-based Succinic Acid Market share #Bio-based Succinic Acid Market forecast #Bio-based Succinic Acid Market trends

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pravalika · 1 year

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Fresh Food Packaging Market - Forecast (2022 - 2027)

The Fresh Food Packaging Market Size is estimated to reach $165.2 billion by 2027. Furthermore, it is poised to grow at a CAGR of 6.1% over the forecast period of 2022-2027. Fresh Food Packaging is a technique used to prevent food from any unnecessary changes after packaging. The changes might be related to color, odor, taste, and texture, and contamination by any external source. It helps to store food in a convenient size & shape and also gives some basic information about stored food on the external coat of the packed container. Innovative, attractive, and convenient to store packaged food always attract customers. Different materials are used for different packaging food products. Packaging materials are classified into categories depending on the material used for packaging which are paper (kraft paper, sulfite paper, greaseproof paper, parchment paper, flexible paper) plastic (polyethylene, polypropylene, polyvinyl chloride, biodegradable plastic, and others), metal, glass, gusseted bags, the corrugated box used in the Fresh Food Packaging industry. Such Fresh Food Packaging material is used for packaging various types of items like dairy products, beverages, fruits, meat and seafood, pet food, and other types of consumables. The increasing population and demanding need for fresh and organic food all over the world drive the Fresh Food Packaging Market over the forecast period 2022-2027.

Fresh Food Packaging Market Report Coverage

The report: “Fresh Food Packaging Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Fresh Food Packaging Market.

By Type: Rigid, Flexible, Semiflexible

By Material: Plastic (Poly Ethylene (PE), Poly Propylene (PP), BoPET) Metal (Aluminium, Steel, Others) Glass, Paper (kraft paper, sulfite paper, greaseproof paper, parchment paper, flexible paper), Paperboard, Biodegradable Material (Bagasse, Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Polybutylene succinate (PBS), Polybutylene adipate terephthalate (PBAT) and Starch Blends) and Others.

By Pack Type: Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box and Others.

By Application: Meat Products, Vegetables, Seafood, Fruits, Diary Products and Others.

By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

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Key Takeaways

Geographically, Asia-Pacific held a dominant market share in the year 2021, expanding the demand for fresh food and products.

Sustainable packaging solutions with cost-effective technology help to grow the Fresh Food Packaging Market over the forecast period 2022-2027.

Fluctuation in prices owing to various factors like imbalance of demand & supply chain will impact Fresh Food Packaging Market in the projected forecast period.

A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Fresh Food Packaging Market Report.

Fresh Food Packaging Market Segmentation Analysis- By Type

Fresh Food Packaging Market based on type can be further segmented into Rigid, Flexible, and Semiflexible. Rigid Fresh Food Packaging segment held a dominant share in the year 2021. This is attributed to stronger support provided by materials to goods kept in it with barrier wall protection. Aljavascript:nicTemp();so, food packed in the rigid type of material is easy to transport and store with minimum risk of damage to the product inside. Rigid packaging is widely applied in beverages like carbonated beverages, water, juice, tea, sports drink, nutritional drink, baby food, and frozen food. Such wide application and advantages drive the rigid packaging segment.

However, Flexible packaging is estimated to be the fastest growing with a CAGR of 8.2% over the forecast period of 2022-2027. Flexible packaging is further categorized as films – shrink film, stretch film, and pouches. They are lightweight, easy to handle and carry and occupy less space. In April 2019, Amcor launched sustainable high-barrier polyolefin film with the name Amite Ultra Recyclable which can help to reduce carbon footprint by up to 64%. Such innovation, advantages, and the presence of key market players help to grow the flexible packaging market over the forecast period 2022-2027.

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Fresh Food Packaging Market Segmentation Analysis- By Application

Fresh Food Packaging Market based on the application can be further segmented into Meat Products, Vegetables, Seafood, Fruits, Dairy Products, and Others. Meat Products held a dominant share in 2021. The meat is highly perishable in nature and posses a high risk of contamination if not packed and stored properly. According to Pew Research, 78% of the global population is non-vegetarian and America was first in consumption of meat in 2020, which is an average of 252 pounds per person, and chicken is held first place followed by beef. Such a huge number of non-veg consumers increases the demand for meat products and their packaging which helps to drive the segment.

However, vegetables are estimated to grow by 7.0% in the forecast period of 2022-2027 owing to the increasing trend of preferring a veganism diet. In 2021, the total number of vegans, vegetarians, and related categories population reached up to 14% of the global population. Also, recommended consumption of vegetables by WHO is 400 grams per person per day but world consumption is 267 grams per person per day which results in market scope for fresh vegetable supply, such factors help to grow Fresh Food Packaging Market over the forecast period 2022-2027.

Fresh Food Packaging Market Segmentation Analysis - By Geography

The Fresh Food Packaging Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held a dominant market share of 39% in the year 2021. This is attributed to 60% of the world's population living in this region and the increasing demand for fresh food and food products help to drive the market. According to Asia Food Challenge Report 2021 – Asia will spend around $2.4 trillion on food by 2030. The Asian consumers are shifting to fresh foods, healthier diets, sustainable consumption practices, and online purchasing of food, which will drive the Asia Fresh Food Packaging Market.

Furthermore, North America is estimated to be the fastest growing over the forecast period 2022-2027, attributed to an increase in the consumption of packaged foods. Consumers are also shifting their food habits from junk food to healthier higher-quality packaged food. Also, the availability of eco-friendly packagings like biodegradable packaging and sustainable packaging solutions are preferred by consumers to safeguard the environment. Indian Defence Research and Development Organisation (DRDO) launched biodegradable food-grade material with help of Acharya Nagarjuna University and Ecolastic in July 2021. Such factors help to grow the segment over the forecast period 2022-2027.

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Fresh Food Packaging Market Drivers

Increasing Consumer Awareness and Demand for Extended Shelf Life of Products Drive Market.

Consumers are highly aware of health-related issues after consumption of unhealthy junk food, however, they preferred fresh food and food products by spending extra, which are beneficial for health. As per CDC, more than 67.3% of adults consumed fruit each day in the U.S. In 2021, online sales of packaged food and beverages hit $109 billion, as per Food Industry Association. Also, consumption of unhealthy food increases problems of obesity all over the world. The world obsess population goes up to 2 billion adults in the year 2021 as per data in world statistics. The increasing prevalence of obesity invites many other diseases such as Cardiovascular Diseases, Hypertension, Blood pressure, Infertility and others. Now-a-days consumers are well aware of the disease's root cause, resulting in the consumption of healthy, fresh food products which helps to drive Fresh Food Packaging Market.

Growing Trend of Clean Labelling is Driving the Market Growth.

Owing to a growth in customer concern for simple and less synthetic chemicals on product labels, the growing trend of clean labeling is a vital contributor to the overall industry expansion. Unhealthy ingredients, such as chemical formulas of synthetic chemicals, are not listed on clean labels. In 2021, sales of clean label ingredients like natural colors and flavors, fruits and vegetables, starch, and sweeteners reached $38.8 billion. Thus, the increasing trend of clean label products are driving the Fresh Food Packaging Market over the forecast period.

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Fresh Food Packaging Market Challenges

Fluctuating Prices of Raw Materials Hider Fresh Food Packaging Market Growth

Arrivals in the market, demand, weather conditions, export demand, and varietal differences among marketplaces all have an impact on price changes. When all or some of these factors were active, raw material prices exhibited volatility, which impacted by-products such as Fresh Food Packaging Market price, which in turn influenced the growth of the Fresh Food Packaging Market. In 2021, the price of plastic packaging hiked owing to the unusual increase in raw material prices and energy prices. Most of the food container is made up of 100% recyclable polypropylene and this material is produced from the residual waste of fossil fuel as prices of fossil fuel get hike resulting in an increase in the price of plastic packaging. In January 2021, US polypropylene prices hike from 13.5 to 96.5 percent per pound, also the price of HDPE and LDPE up by 8% & 9% respectively. Such increasing price over time is slowing down the growth of the Fresh Food Packaging Market over the forecast period 2022-2027.

Fresh Food Packaging Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Fresh Food Packaging Market. The top 10- Fresh Food Packaging Market companies are-

Ultimate Packaging

Mondi Group

International Paper Company

PP Global

DuPont de Nemours, Inc.

Amcor Limited

Coveris Holdings S.A

Temkin International Inc.

Smurfit Kappa

Univeg Group

Recent Developments

In March 2022, International Paper Company announced to sell its stakes in Russian llim JV. Company aims to sale up-to 50% shareholding interest in llim Group Joint Venture in Russia aimed at the invasion of Ukraine.

In July 2021, Ultimate Packaging was acquired by ProAmpac – the leader in flexible packaging and material science. Ultimate packaging is one of the largest independent flexible packaging manufacturers in the United Kingdom. Ultimate is specialized in innovative packaging solutions, increasing product shelf life, convenience, and recyclable product range which will help to ProAmpac strengthen its position in the market.

In April 2020, Modi Group – a leading global packaging solution has partnered with Reckitt Benckiser Group, with this partnership they launched a fully mono-material flexible plastic packaging portfolio for the premium line of Finish Dishwasher Tablets ‘Quantum Ultimate’.

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