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:
Bio-plastic carrier bags market can be segmented on the basis of application, which include:
- Food & Beverage
- Retail Stores
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
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.
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.
2. Insights and Tools
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.
3. Actionable Results
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.
4. Strategic Frameworks
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?
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.