Packaging is the process of protecting the product from environmental issues and enables the product to travel safely for long distances. The packaging of a product is a part of brands image if the packaging looks luxurious consumers are willing to spend more money to buy that product. Biopolymers are chain-like molecules which are biodegradable, eco-friendly and are obtained from natural sources. These plastics are non-toxic, sustainable and recyclable photochemical packaging substitutes of synthetic polymers.
South America Biopolymer Packaging Market Size & Growth:
The South America Biopolymer Packaging Market size is projected to reach approximately $ XX m by the end of 2024 with a CAGR close to X% from $XX m in 2018 during the forecast timeline 2018-2024. The Key factors that drive the growth of the market include Increasing concern on bio-based content rather than biodegradability, increasing health concerns, government regulations and others. The demand for biopolymer packaging is majorly driven by growing environmental sustainability issues and the high costs of fossil fuel products.
South America Biopolymer Packaging Market Share:
Various parameters divided the South America Biopolymer packaging market. By the Material Type, they are divided into BIO-PE, BIO-PET, PHL, Polylactide, and others. Among them, BIO-PET has the largest market because it has same physical properties to petroleum-based PET, which makes suitable for all applications without making major technological changes. By the Products, they are divided into plastic containers, pouches, bio-based films, bio-based containers and others. Among them, pouches have the largest market because they are appealing as functional and offers features such as zipper re-seal, slider closure, and release values. By the End-User, they are divided into the hotel, retail stores, food & beverages, institutional and others. Among them food & beverages have the largest market owing to increasing concern of customers towards the food & health consciousness. By Geography, Brazil has the largest market share due to increasing number of manufacturers investing towards scaling up of electronic label market and can obtain profitable deals in that region.
South America Biopolymer packaging Market Trends:
South America Biopolymer Packaging Market Research Reports:
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