Bioplastic Application
Packaging Analysis,
Market Regional
Analysis, Outlook,
Market
Size,
Competitive
Strategies and Forecasts, 2015 To 2022
Global bioplastic packaging market is expected to foresee growth in light of increasing social awareness towards eco-friendly products. Shifting consumer preference from synthetic based products to bio-based substitutes owing to increasing awareness for reducing green house emissions is likely to augment the market growth. Chemical manufacturers have increased expenditure on the development of bio-based chemicals is expected to ensure raw material access for bioplastic packaging manufacturers. Packaging industry growth in India, China and Middle East on account of positive outlook on automotive, consumer goods and food & beverage industries is expected to be a favorable factor for market over the forecast period.