Biodegradable plastic packaging market demand in 2023 reached 9.45 million tons

According to Smithers Patel Solutia 's latest survey shows that in both renewable and biodegradable trend , driven by the global packaging market demand for degradable plastics will reach 9.45 million tons in 2023 , a compound annual growth rate up to 33 %. The report titled " 2023 biodegradable packaging market forecast " for the next decade, the development of biodegradable packaging market in-depth analysis , its content covers many aspects of end-use markets, regional markets and suppliers , but also on technology trends in this area were predicted.Washi tape

Asian markets rose sharply demand

Smithers Patel Solutia Inc. said in a report , in 2013 the global consumption of polymeric materials has exceeded $ 650 billion , of which the market share in North America and Europe respectively, less than 25% , while Asia ( including Japan ) market share has reached 40% ; market share of 13% in other regions . As of 2023 , Asian demand for bio- polymeric materials will reach 34% of total global demand , while Europe and North America share in the global bio- polymeric materials market will decline .Sellotape

Enhanced growth of derivatives and fuel prices and public awareness of petrochemicals are the two main factors promoting bioplastics continues to heat up . With the continued growth of petrochemical products extracted from traditional polymeric materials ( petroleum polymeric material ) prices in the global bioplastics packaging field acceptance and growth also increased.

Biomaterials gradually favored

With renewable raw materials has become an important raw materials and energy , bio- conversion plant will increase investment and production of chemical raw materials of technology , some of which will be processed into raw biodegradable polymeric materials. It is understood that bioplastics are being favored by more and more packaging professionals. As stated earlier , increasingly higher energy costs and new understanding of the concept of sustainable environmental development will lay the foundation for success in the bioplastics market .Masking tape


Biological polymeric materials mostly used in areas such as packaging and food service , mainly used for packaging of single-use or sent to those who intend to landfill or into the sea products. Thus, the biodegradability of people becomes a factor in the choice of packaging material is first considered . This issue has been the main reason for not getting attention is relative to conventional materials , bio- plastics prices to be better. But Smithers Patel Solutia 's report , the bio- products as a sustainable and renewable raw materials, has a firm foothold in the market , its future brighter than we had imagined and beautiful.Wholesale masking tape