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It is being extensively used for manufacturing various products such as bottles, food containers, bags and carry-away cups as it can be used as a drop-in replacement to synthetically derived PET. Rising demand for eco-friendly bottles and containers is expected to result in the dominant share of the segment over the forecast period.
Rising demand for packed foods and cosmetics is expected to augment the growth of the market over the next few years. In addition, ease of processing for manufacturing films, bags or boxes coupled with the ability of the polymer to decompose naturally in water and carbon dioxide is expected to result in its tremendous growth over the projected period.
Flexible bioplastic packaging is likely to witness substantial growth over the next few years. Rising demand for biodegradable films and bags, particularly for perishable goods, is expected to drive the growth of the market. This packaging is being increasingly used for chocolates, confectionary, fruits, vegetables and dry foods including tea and muesli.
Growing consumption of these food products is expected to result in a substantial growth over the forecast period. Rising demand for bio-based bottles on account of their ability to be reused and recycled is expected to augment its growth. Companies are undertaking various initiatives to reduce their carbon footprint by making available separate disposal bins to reuse and recycle these bottles.
The demand for bioplastic packaging for food applications was Growth of the food industry is expected to augment the growth of the market over the next few years.Industry Insights. The global bioplastic packaging market size was estimated at USD billion in and is expected to witness significant growth on account of rising consumer awareness regarding the harmful effects of synthetic plastics on the ecology.
North America nutraceuticals market estimates and forecasts, by product (USD million) North America dietary supplements market estimates and forecasts, (USD million) North America functional food market Price: € Algae are an excellent source of protein with essential amino acids, vitamins, minerals, essential fatty acids and trace elements.
They contain high amounts of simple and complex carbohydrates which provide the body with a source of additional fuel. The global petrochemicals market was valued at USD billion in The industry’s future growth trajectory is determined by high demand for its derivatives in automotive, textile, construction, industrial, medical, pharmaceuticals, electronics and consumer goods industries.
The North America nutraceuticals product market held nearly 40% of the total revenue share in In North America, consumers are conscious of their health and food habits. Moreover, the advancing per capita income, which helps in physical fitness and mental well-being, is fueling the growth of this market.
Nutraceuticals Market Analysis By Product (Dietary Supplements, Functional Food, Functional Beverage), By Region (North America, Asia Pacific, Europe, CSA, MEA), And Segment Forecasts, - North America nutraceuticals market is a mature market and is likely to progress at a CAGR of over % from to Increasing utilization.