Bioplastics Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2028 The global bioplastics market size is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years. Postponement of Green Investment by Government amid COVID-19 to Hamper Growth According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market. What does the Report Include? The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period. DRIVING FACTORS Increasing Demand for Eco-Friendly Plastics to Aid Growth According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940

Thermoformed Plastics Market Growth, Segments, Research Report, Fortune Business Insights and Forecast by 2027 The global thermoformed plastics market size is expected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The growing awareness about hygienic packaged food products is expected to foster healthy growth of the market, states Fortune Business Insights, in a report The market size stood at USD 40.59 billion in 2019. Market Driver: Significant Demand for Packaged Food to Enable Growth The increasing demand for packaged food owing to the evolving habits of consumers will foster the healthy growth of the market. The increasing income and expenditure are factors expected to contribute positively to the market growth. The high-barrier properties, extended shelf-life, contamination prevention of thermoformed plastics make it suitable for food packaging, thus boosting the growth of the market. Moreover, the growing need for sturdy packaging in convenience foods products will spur demand for such plastics. The surging population has resulted in increasing food production to cater to the needs of consumers, in turn aiding the growth of the market. The increasing urbanization in rural areas will have a positive effect on the market. The infrastructural development and technological advancements in packaging techniques will bolster the significant growth of the market. Disturbed Production of Plastics to Impede Business Amid Coronavirus The declined plastic production and supply is expected to have a drastic impact on the global market. The closed manufacturing facilities due to lockdown imposed by governments will aggravate the business in the forthcoming years. The disruption caused by the pandemic has severely affected the supply chain of dairy products, medicines, sanitizers, food, disinfectants, face masks, and others. However, the improving situation will urge governments to lift lockdowns, in turn, stabilizing the manufacturing sector and promoting the market. Regional Analysis: Prospering Healthcare Sector to Aid Growth in North America The market in North America is expected to experience a high growth rate during the forecast period owing to the rapid industrialization and technological advancements in the packaging industry. The growing demand for medicines and drugs in the healthcare sector will contribute excellently to the market. The evolving consumer lifestyle and disposable income will favor the healthy growth of the market in the region. Asia Pacific is expected to hold a considerable share during the forecast period owing to the growing polymer formulations in developing nations such as China and India. China is the largest supplier of plastics products. The rapid urbanization and improved living standard of people can have a tremendous effect on the market in the region. Moreover, the growing automotive and construction sector is likely to fuel demand for thermoformed plastics in the region. Key Development: July 2020: Anchor Packaging LLC, announced it has acquired Panoramic Inc. manufacturer of thermoformed products. This acquisition will broaden the offering to produce, attract bakery, confectionery customers, and deli. Information Source: https://www.fortunebusinessinsights.com/thermoformed-plastics-market-104032

Medical Plastics Industry Size & Forecast by 2028 The global medical plastics market size is projected to reach USD 54.29 billion by 2027, exhibiting a CAGR of 7.1% during the forecast period. The meteoric rise in the demand for personal protective equipment (PPE) across countries Research Report: https://www.fortunebusinessinsights.com/medical-plastics-market-102136

Acetone Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2020 to 2028 The global acetone market share is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth. Browse Summary: https://www.fortunebusinessinsights.com/acetone-market-104446 Drivers & Restraints- Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand. Regional Insights- Easy Availability of Raw Materials to Favor Growth in Asia Pacific In 2019, Asia Pacific held USD 1,739.2 million in terms of revenue. This growth is attributable to the lower labor cost and easy availability of raw materials in emerging countries, such as India and China. Dimethyl ketone is extensively used in numerous manufacturing processes as an industrial solvent in the region. North America, on the other hand, is anticipated to grow considerably backed by the increasing research and development activities in the electronics sector. It would further surge the demand for Bisphenol A. The presence of large chemical industries in the U.K., Italy, and Germany would propel growth in Europe. Read More Simialr article:https://www.globenewswire.com/en/news-release/2023/05/17/2670679/0/en/Latest-News-Bioplastics-Market-Worth-15-552-3-Mn-by-2028-With-10-7-CAGR.html

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Bioplastics Market Demand and SWOT Analysis 2019-2026 | Size, Share Growth, Trends, Development, Revenue, Future Growth, Business Prospects The global bioplastics industry share is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years. Postponement of Green Investment by Government amid COVID-19 to Hamper Growth According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market. What does the Report Include? The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period. DRIVING FACTORS Increasing Demand for Eco-Friendly Plastics to Aid Growth According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940

Thermoformed Plastics Market Manufacturers | Size and Revenue | Business Share Forecast by Regions 2021-2027 The global thermoformed plastics market size is expected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The growing awareness about hygienic packaged food products is expected to foster healthy growth of the market, states Fortune Business Insights, in a report The market size stood at USD 40.59 billion in 2019. Market Driver: Significant Demand for Packaged Food to Enable Growth The increasing demand for packaged food owing to the evolving habits of consumers will foster the healthy growth of the market. The increasing income and expenditure are factors expected to contribute positively to the market growth. The high-barrier properties, extended shelf-life, contamination prevention of thermoformed plastics make it suitable for food packaging, thus boosting the growth of the market. Moreover, the growing need for sturdy packaging in convenience foods products will spur demand for such plastics. The surging population has resulted in increasing food production to cater to the needs of consumers, in turn aiding the growth of the market. The increasing urbanization in rural areas will have a positive effect on the market. The infrastructural development and technological advancements in packaging techniques will bolster the significant growth of the market. Disturbed Production of Plastics to Impede Business Amid Coronavirus The declined plastic production and supply is expected to have a drastic impact on the global market. The closed manufacturing facilities due to lockdown imposed by governments will aggravate the business in the forthcoming years. The disruption caused by the pandemic has severely affected the supply chain of dairy products, medicines, sanitizers, food, disinfectants, face masks, and others. However, the improving situation will urge governments to lift lockdowns, in turn, stabilizing the manufacturing sector and promoting the market. Regional Analysis: Prospering Healthcare Sector to Aid Growth in North America The market in North America is expected to experience a high growth rate during the forecast period owing to the rapid industrialization and technological advancements in the packaging industry. The growing demand for medicines and drugs in the healthcare sector will contribute excellently to the market. The evolving consumer lifestyle and disposable income will favor the healthy growth of the market in the region. Asia Pacific is expected to hold a considerable share during the forecast period owing to the growing polymer formulations in developing nations such as China and India. China is the largest supplier of plastics products. The rapid urbanization and improved living standard of people can have a tremendous effect on the market in the region. Moreover, the growing automotive and construction sector is likely to fuel demand for thermoformed plastics in the region. Information Source: https://www.fortunebusinessinsights.com/thermoformed-plastics-market-104032

Injection Molded Plastics Market 2021 Global Industry Share, Global Research, Top Leading Players, Emerging Trends, Region by Forecast to 2028 The global injection molded plastics market is expected to gain momentum from their rising applications in a wide variety of industries, such as medical, electrical & electronics, building & construction, packaging, and automotive. Fortune Business Insights™ provided this information in a new report, titled, “Injection Molded Plastics Market Size, Share & Industry Analysis, By Resin Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), High-density polyethylene (HDPE), Polystyrene (PS), and Others), By Application (Automotive, Packaging, Building & Construction, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The report further states that the injection molded plastics market size stood at USD 360.06 billion in 2019 and it is projected to reach USD 498.98 billion by 2027, exhibiting a CAGR of 4.80% during the forecast period. Drivers & Restraints- Increasing Usage in Food & Beverages Industry to Drive Growth Injection molded plastics are nowadays being majorly used in packaging applications. It is experiencing high demand from the food and beverage industry as the material is capable of keeping food items safe. They are extensively used to manufacture bottles, containers, closures, and caps. A container made with injection molded plastic is lead-resistant and clear. Therefore, it keeps food and beverages fresh for a longer period of time. At the same time, these plastics are microwavable, washable, and reusable. These factors are set to propel the injection molded plastics market growth in the coming years. Segment- Packaging Segment to Grow Considerably Stoked by Increasing Demand from People Based on application, the packaging segment held 35.59% in terms of injection molded plastics market share in 2019. The retail, pharmaceutical, and food & beverages applications are the main contributors to growth. This is because people are rapidly shifting towards plastic packaging from metal and glass ones. Regional Analysis- Asia Pacific to Remain at Forefront Owing to High Population & Urbanization In 2019, North America procured USD 51.11 billion in terms of revenue. The growth in this region is attributable to the presence of several reputed companies, as well as the increasing demand from the electronics and packaging industries. Asia Pacific is expected to dominate throughout the forthcoming years, with China being the major contributor. Rapid urbanization and increasing population would help the market for injection molded plastics in this region to grow. Information source: https://www.fortunebusinessinsights.com/injection-molded-plastics-market-101970

Thermoformed Plastics Market Growth, Segments, Research Report, Fortune Business Insights and Forecast by 2027 The global thermoformed plastics market size is expected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The growing awareness about hygienic packaged food products is expected to foster healthy growth of the market, states Fortune Business Insights, in a report The market size stood at USD 40.59 billion in 2019. Market Driver: Significant Demand for Packaged Food to Enable Growth The increasing demand for packaged food owing to the evolving habits of consumers will foster the healthy growth of the market. The increasing income and expenditure are factors expected to contribute positively to the market growth. The high-barrier properties, extended shelf-life, contamination prevention of thermoformed plastics make it suitable for food packaging, thus boosting the growth of the market. Moreover, the growing need for sturdy packaging in convenience foods products will spur demand for such plastics. The surging population has resulted in increasing food production to cater to the needs of consumers, in turn aiding the growth of the market. The increasing urbanization in rural areas will have a positive effect on the market. The infrastructural development and technological advancements in packaging techniques will bolster the significant growth of the market. Disturbed Production of Plastics to Impede Business Amid Coronavirus The declined plastic production and supply is expected to have a drastic impact on the global market. The closed manufacturing facilities due to lockdown imposed by governments will aggravate the business in the forthcoming years. The disruption caused by the pandemic has severely affected the supply chain of dairy products, medicines, sanitizers, food, disinfectants, face masks, and others. However, the improving situation will urge governments to lift lockdowns, in turn, stabilizing the manufacturing sector and promoting the market. Regional Analysis: Prospering Healthcare Sector to Aid Growth in North America The market in North America is expected to experience a high growth rate during the forecast period owing to the rapid industrialization and technological advancements in the packaging industry. The growing demand for medicines and drugs in the healthcare sector will contribute excellently to the market. The evolving consumer lifestyle and disposable income will favor the healthy growth of the market in the region. Asia Pacific is expected to hold a considerable share during the forecast period owing to the growing polymer formulations in developing nations such as China and India. China is the largest supplier of plastics products. The rapid urbanization and improved living standard of people can have a tremendous effect on the market in the region. Moreover, the growing automotive and construction sector is likely to fuel demand for thermoformed plastics in the region. Information Source: https://www.fortunebusinessinsights.com/thermoformed-plastics-market-104032