DUBLIN, Oct. 8, 2020 /PRNewswire/ — The “Biopolymer Packaging Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Material Type, End User, and Geography” report has been added to ResearchAndMarkets.com’s offering.
Increasing awareness among customers about the adverse impact of conventional plastics is projected to escalate biopolymer packaging market growth at a CAGR of 19.1%.
The market was valued at US$ 7,872.54 million in 2018 and is expected to grow at a CAGR of 19.1% during 2019-2027 to reach US$ 37,465.07 million by 2027. The report highlights key driving factors and also the prominent players and their developments in the market.
Biopolymers are perceived as renewable, sustainable, and carbon neutral form of materials which are produced from renewable plant materials. Bio based polymers are considered to be an effective alternative to the conventional polymers and are being increasingly used in packaging industry to produce environment-friendly materials. Consumer