- Key Vendors include BASF, Cereplast, NatureWorks and Novamont
According to the latest research findings by the independent London-based global research firm TechNavio, USA, Germany & Japan are the leading countries in the Global Bioplastic Packaging Market. The findings are for the forecast period 2014-2018.
As per research analysis, each of these countries has some unique characteristics that are driving the growth of the Bioplastic Packaging Market. In US, the high disposable income of consumers is enabling consumers to purchase premium bioplastic packaged products. In Germany, consumer demographics and product innovation are driving the growth of this market, while Japan being the manufacturing hub for bioplastics, is introducing major bioplastic innovations into the market, in turn driving the growth in this region.
Speaking on this occasion, one of the senior analysts and co-author of this report said, “The Global Bioplastic Packaging market will grow at a CAGR of 22.29 percent during the forecast period driven by increasing awareness about and demand for bioplastic packaging, due to its eco-friendly nature. How this market will sustain itself in the face of increasing competition from conventional plastic packaging will determine the growth of this market in the coming years.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Global Bioplastic Packaging Market, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Bioplastic Packaging Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
Media Contact:
Rituparna Roy/Arijit Rakshit
Marketing Manager/Analyst & PR
+91 9591975898; +44 208 123 1770; +1 630 333 9501
Twitter: @TechNavio
