Bio Container Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
- January 2031
- 0 pages
Bio container or biodegradable container are easily decomposed in nature by bacteria or other living organisms. Recently, recyclable bio container are also getting popular and being launched by several bio container manufacturers. In April 2012, Cardia Bioplastics Limited claims that it has launched the world’s first food contact compliant and fully recyclable container namely “Biohybrid” for the global nutritional supplement market and cosmetics industries. Bio container are used to keep biodegradable materials, food waste, organic materials etc. Recently, rising demand from the end use industries and increasing application of bio container attributed to significant growth to the bio container market in terms of value.
Bio Container Market – Market Segmentation:
Based on materials, bio container market is segmented into
- PLA and blends
- Starch blends
- Others including PBS and PHA
On the basis of application, the market is segmented into
- Bags and Pouches
Based on end user industry, bio container market is segmented into
- Food & Beverage
- Others (Healthcare and electronics)
Bio Container Market – Regional Outlook:
Geographically, the bio container market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The growth of global bio container market is expected to witness a healthy CAGR over the forecast period between 2016 and 2024. North America is expected to hold a significantly high market share of the bio container market in terms of volume during the forecast period. Currently, North America and Europe together holds more than half of the market share in the global bio container market in terms of value. In Europe, countries such as U.K and EU4 creates significant demand for plant-based plastic packaging in the market. However, Asia Pacific region is projected to be the fastest growing region in terms of volume sales followed by Europe. Large scale foreign investment is also expected to rise in the region, and is anticipated to fuel the demand of bio container over the forecast period. Many small Chinese players hold significant market share in the Asia Pacific bio container market in terms of value. In Asia Pacific, countries including China, Japan and Australia are the major growth driving markets for bio container in terms of revenue contribution. In Latin America, countries such as Brazil and Mexico are expected to grow significantly during the forecast period in terms of revenue.
Bio container Market – Market Dynamics:
The global bio container market is expected to witness a strong growth due to the rising consumer awareness about nature friendly products and changing inclination of consumers towards sustainable products. Other growth drivers for the bio container market include rise in implementation of plastic containers bans, increased focus on sustainable packaging by brand owners and retail companies, etc. Moreover, high demand from food and beverage and pharmaceutical industry for bio container creates a lucrative opportunity for the global bio container market. Bio container has higher costs than ordinary container, consequently bio container is not getting wide acceptance, especially among the small and medium enterprises. However, increasing demand from large scale industrial companies is expected to create significant opportunity to increase the revenue of the global bio container market.
Bio Container Market – Major Players:
Some of the major players identified across the globe in the bio container market Eco-Products, Inc., Genpak, LLC, Biopac (UK) Ltd, WestRock Company, Cardia Bioplastics Limited, Ecoware SpA, Rim Bio Inc., Biopac India Corporation Ltd., BioVentures, Inc., Tipa-corp ltd., Novamont SpA and BASF SE.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, packaging type, material and end-use.
The Report covers exhaustive Analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends /Issues/Challenges
- Competition & Companies involved
Regional Analysis includes:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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