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Bio-Plastic Carrier Bags Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Growing concern regarding environmental protection by reducing the use of plastic bags has led to an increased adoption of bioplastic carrier bags. Bioplastic carrier bags serves as a valued alternative to fossil-based plastic carrier bags. Bioplastic carrier bags are manufactured partially or entirely from agricultural feedstock such as sugar cane, corn, potatoes, wheat and others through chemical and biotechnological processes.  Use of renewable resources helps in saving up the scarce fossil resources. Bio-plastic carrier bags contain less carbon footprint as compared to conventional plastic bags. Bioplastic bags are available in various sizes, shapes, and thickness. Bio-plastic carrier bags are gaining widespread adoption across the globe because of its advantages over fossil-based plastic bags.

Bio-Plastic Carrier Bags Market: Market Dynamics

Currently, the bio-plastics carrier bags market is witnessing high demand across various industries such as food and beverage, pharmaceuticals, automotive, retail, health and personal care as they come in a wide range of attractive designs and shapes. Increasing consumer demand for the eco-friendly plastic carrier bags has led the plastic manufacturers to shift from traditional plastic bags to bio-plastic carrier bags. Another significant factor that drives the bio-plastic carrier bags market is the re-usability characteristic which is highly preferred by the consumers. Government initiative towards purchasing eco-friendly solutions have further fueled up the demand for bio-plastic carrier bags market.  Bio-plastic carrier bags market is expected to grow significantly during the forecast period because of its increasing usage in various industries as well as by the consumers.

However, bioplastic carrier bags possess few restraints that can hamper the growth of the market. Produced from food crops that are genetically modified such as corn, bioplastics results in an interruption of the food supply. Corn plants contain a high amount of chemical pesticides that can be harmful while processing bioplastics. There is immense pressure on the crop production thereby impacting the food prices and agricultural process, due to the growth of bioplastic carrier bag manufacturing.

Bio-Plastic Carrier Bags Market: Market Segmentation

Bio-plastic carrier bags market can be segmented on the basis of type of bio plastic carrier bags, which include:

  • Single-use bag
  • Multiple-use bag
  • Woven or non-woven bag

Bio-plastic carrier bags market can be segmented on the basis of plastic type used for manufacturing bio plastic carrier bags, which include:

  • HDPE
  • LDPE
  • PP
  • PET

Bio-plastic carrier bags market can be segmented on the basis of application, which include:

  • Food & Beverage
  • Pharmaceuticals
  • Automotive
  • Retail Stores
  • Others

Bio-plastic carrier bag market can be classified on the basis of types of bio plastics which include,

  • Starch based plastics
  • Cellulose based plastics
  • Genetically modified bio plastics
  • Bio-derived polyethylene
  • Others

Bio-Plastic Carrier Bags Market: Regional Outlook                          

Regional coverage for bio-plastic carrier market include, North America’s bio-plastics carrier bags market, Latin America’s bio-plastics carrier bags market, Europe’s bio-plastics carrier bags market, Asia Pacific bio-plastics carrier bags market and China’s bio-plastics carrier bags market and Middle East and Africa’s bio-plastics carrier bags market. Europe accounts for the significant usage of bio-plastics carrier bags market. The European retail market has the maximum usage of bio plastic carrier bags. However bio-plastic carrier bags market is expected to grow widely across all regions during the forecast period.

Bio-Plastics Carrier Bags Market: Market Players

Market players for bio-plastic carrier bags market include, ALPAGRO Plastics N.V, Novamont S.p.A, Bio Bag Americas, Inc., Biopak Pty Ltd., Thai Plastic Bags Industries Company Ltd., Polybags Ltd and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

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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