Bioplastics Packaging for Food and Beverages Market - Beverages
Packaging to Witness Highest Growth by 2020
Persistence Market Research
Bioplastics Packaging Market : Ongoing
technology advancements for improvement
of physical properties of bioplastics is
another major driver, 2020 : PMR
Persistence Market Research
1
Bioplastics Packaging for Food and Beverages Market - Beverages
Packaging to Witness Highest Growth by 2020
Persistence Market Research “Global Market Study on Bioplastics Packaging for Food and
Beverages: Beverages Packaging to Witness Highest Growth by 2020,” the global bioplastics
packaging market for food and beverages was valued at USD 3,191.3 million in 2013 and is expected to
grow at a CAGR of 36.8% from 2014 to 2020, to reach an estimated value of USD 28,503.6 million in
2020.
Over the past few decades, a surge in the use of plastics due to increase in consumer demand for safety
and convenience in packaged food and beverages has been observed. When it comes to food and
beverages packaging, terms
such as ’green’, ’organic’, ‘fair trade’, and ’locally sourced’ have been
drawing the attention of consumers in the recent years. With climatic changes taking place, health
awareness, and environmental issues are growing. Furthermore, media coverage has made consumers
more aware about the factors that are guiding their purchasing decisions.
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Bioplastics packaging covers an array of industries, including organic foods, fruits and vegetables,
beverages, bread and bakery products, and catering, which require disposable utensils (cups, mugs,
trays, plates, and cutlery).
Bioplastics have been gaining attention of policymakers in the packaging domain in recent years as it is
being sourced from renewable resources and carry implications for sustainable development.
Governments in...