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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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