Market Share of Bioplastics Packaging Industry
The Global Bioplastics Packaging market consists of several major players. The major players with a prominent share in the market are focusing on expanding their customer base across the regions and their end-user industry base. These companies are leveraging strategic collaborative initiatives to increase their market share and profitability. Some of the major players operating in the market include BASF SE, Taghleef Industries Group, Alpagro Packaging, and Amcor Ltd. Some of the recent developments in the market are:
In July 2022, Taghleef Industries collaborated with the Emirates Environmental Group to protect the environment and develop a sustainable community within the Middle East. EEG is a group of professionals who work together to protect the environment through education, action programs, and involvement in the community.
In July 2022, applications were added to the Terratek BD portfolio by Green Dot Bioplastics, a developer and producer of bioplastic materials for creative, sustainable end uses. The increased selection for film extrusion, thermoforming, and injection molding is consistent with Green Dot Bioplastics' objective to address rising sustainability demands from brand owners and customers while achieving faster rates of biodegradability.
Bioplastic Packaging Market Leaders
BASF SE (Badische Anilin- und Soda-Fabrik)
TAGHLEEF INDUSTRIES GROUP
Mitsubishi Chemical Corporation
Alpagro Packaging
Amcor Limited
*Disclaimer: Major Players sorted in no particular order
