C&M: Global industry for bioplastic packaging to be driven by growing concern for environmentally-friendly packaging
Global Bioplastic Packaging Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:21:02
The Global Bioplastic Packaging market is to grow at a CAGR of 19.85 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing concern for environmentally-friendly packaging. The Global Bioplastic Packaging market has also been witnessing the increasing demand from emerging countries. However, the premium pricing of bioplastic packaged products could pose a challenge to the growth of this market.
Bioplastic packaging is increasingly gaining importance in emerging regions such as the APAC region, with increasing demand for effective, advanced, and eco-friendly packaging. Markets in countries in the APAC region such as China and India are forecast to witness the fastest growth (a CAGR of approximately 7-8 percent) during the forecast period. The per capita consumption in these countries is also expected to increase. Some of the key drivers propelling the growth of the Bioplastic Packaging market in the emerging countries are the increase in manufacturing output for various consumer goods, the increasing demand for packaged food and beverages due to the increase in the population, and the increase in urbanization in these countries. Therefore, increasing demand from the emerging countries is another trend that is expected to have a positive impact on the Global Bioplastic Packaging market during the forecast period.
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