Friday, 4 August 2017

Clean Diesel Market- Trends, Industry Insights, and Forecast 2025

Clean diesels are a new group of diesels made up of a three part structure which combines cleaner low Sulphur diesel fuel, unconventional engines and effective emissions control technology. Clean diesels are used on a large scale for transport. They are also used to power various equipment in the mining, construction, and agriculture sectors. Clean diesels are cleaner, more fuel efficient and offer more torque than other fuels. The clean diesel market however faces major competition from its gasoline, hybrid, and electrical counterparts.
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 Low diesel prices, government subsidies, stricter environmental regulations are major drivers for the clean diesel market. Clean diesels though are known to produce nitrous oxide. The use of advanced emission control technologies are helping the clean diesel market cope with this problem. One of the most notable downsides however to diesel engines is that they tend to cost more than gasoline engines.
Clean diesel Taxonomy
On basis of the Three Part System Components:
  • Fuel
    • Ultra low Sulphur diesel (ULSD)
      • Grade No. 1-D S15
      • Grade No. 2-D S15
  • Engine
    • Electronic controls
    • Common rail fuel injection
      • Electro hydraulic solenoids
      • Piezo crystal electric actuators
      • Hydraulically amplified common rail
      • CRI4
    • Variable injection timing
    • Improved combustion chamber configuration
    • Turbocharging
  • Effective Emission control
    • Diesel oxidation catalyst
    • Exhaust gas recirculation
    • Diesel particulate Filters
    • Selective catalyst reduction
On the basis of end user
  • Agriculture
  • Transportation
  • Construction
  • Power generation
  • Mining
  • Public Safety
  • Others
Common Rail systems supply high injection pressures available at an accumulator directly to the injector thus providing better control, emission reduction, and better efficiency. There are two ULSD standards available, Grade No. 1-D S15 which is a highly unstable fuel with an inferior gelling temperature than regular ULSD and Grade No. 2-D S15 which is regular ULSD.  Companies such as Clean diesel Technologies (CDTI) develop catalyst technologies and emissions control systems to meet the requirements of increasingly stringent environmental regulations and decrease emissions. 
  • The state-subsidized incorporation of vehicles by means of tax concessions led to a significant increase in the proportion of diesel engines in privately owned vehicles in Europe. Approximately 50 % cars in Europe run on ULSD. Europe has been the frontrunner on regulations for low-sulfur, “clean” transportation fuels. The use of ULSD since a long time combined with the presence of major car manufactures in Europe will lead to the technological advancement of the clean diesel market.
  • Clean diesel fuel containing 97 percent less sulfur has been used for both on-highway and off-highway diesel engines in the US since 2006. Even though the amount of commercial diesel vehicles used in the US is low. Industries such as mining, agriculture, and construction depend on diesel for their operations. Hence incorporating efficient use of clean diesel could help boost the clean diesel market in North America.
  • Diesel usage is prevalent particularly in the growing economies of Asia such as China, India and Southeast Asia. Hong Kong was the first city in Asia to introduce clean diesel to its local market in July 2000. Countries such as Japan, Taiwan, China, and India have all begun the use of ULSD. As Asia comprises of a number of developing nations the clean diesel market has the maximum potential to grow in Asia.
  • In the Middle East, Saudi Arabia and Kuwait are frontrunners in the clean diesel project. To fulfil the obligatory sulfur specifications for diesel, Saudi Arabia is spending billions of dollars to construct multiple clean diesel projects. As the Middle East is a major exporter of petroleum products it can be a major clean diesel producer with the help of technology and capital.
  • In Africa fewer countries have adopted low-sulfur fuel regulations. South Africa plans to initiate Clean Fuels Program 2 (CF2) is expected to be fully commissioned by 2020 to develop diesel containing 10 ppm or less of sulfur. The clean diesel market in Africa is still developing.
  • As Latin American countries rely heavily on oil export revenues, the drop in fuel prices has affected them greatly. As a result of which they do not have enough capital for expansions and upgrades to produce clean diesel.
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The three-part clean diesel system enables emission reductions of over 95 percent. Lower cost of diesel coupled with its 20 to 40 percent higher fuel efficiency than gasoline make clean diesel vehicles make more economical. The recent Volkswagen emissions scandal that came to light in 2015 has had a negative impact on the clean diesel market with a decrease in diesel vehicle sales. Some major clean diesel players include CDTI, Volkswagen, BMW, Ford, Chevrolet, GMC, Nissan, Tetraneft corporation, Spinelli International Company, Digable traders, Camarona.
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Thursday, 3 August 2017

Chloroform Market- Industry Insights, Trends, Outlook, and Opportunity Analysis, Forecast 2025

Chloroform is an organic compound with molecular formula CHCl3 and belongs to the group of compounds known as trihalomethanes. It is available in the form of a clear colorless liquid with a typical odor. It is usually nonflammable, though it burns under extreme conditions. Chloroform is generally produced by the action of bleaching powder on alcohol or on acetone. In this process, the bleaching powder acts partially as an oxidizing agent and partially as a chlorinating agent. In the first stage, alcohol is converted into chloral, CCl3CHO. The compound is further decomposed into chloroform and calcium formate with the help of calcium hydroxide. Further the chloroform obtained is purified by washing and rectification. It can also be prepared from chlorination of methane.
Chloroform proves an excellent solvent for alkaloids in their base form. In laboratory Chloroform comprising of deuterium (CDCl3), is commonly used as a solvent in NMR spectroscopy. Chloroform is also majorly used for the production of Freon refrigerant R-22. In laboratories it is used for the preservation of organic tissues, which include anatomical specimens, to prevent decay. It is used as an industrial solvent for in photography, waxes, fats, oils, resins, greases, adhesives and dry cleaning.
Chloroform Market Taxonomy
On the basis of application, the chloroform market is classified into:
  • Reagent
  • Solvent
  • Intermediate
On the basis of end-use industry, the global chloroform market is classified into:
  • Pharmaceuticals
  • Agriculture
  • Chemicals
  • Food and Beverages
Chloroform is used as a common solvent in laboratory owing to properties such as miscibility in organic liquids, relatively unreactive nature and conveniently volatile. In the pharmaceutical industry chloroform is used as a solvent and for also used for producing dyes and pesticides. Chloroform is commercially used to extract morphine from scopolamine and poppies from Datura plants. In molecular biology chloroform has many applications such as in DNA extraction from cells, using an extraction buffer, extraction of mineral oil from polymerase chain reaction samples, DNA recovery from polyacrylamide gels, using phenol, storage of lambda cDNA, lambda plaques, and plasmid DNA extraction,
Chloroform Market Outlook – Rising Demand in Chemicals and allied Industries to be the Major Market Driver
Asia Pacific and North America are expected to be the most potential markets for chloroform manufacturers. According to IBEF, India is the seventh largest producer of chemicals in the world worldwide and third largest producer in Asia. The estimated size of Indian chemicals sector stands at approximately US$ 139 billion. In 2015-2016 the total production of the major chemicals including petrochemicals was 23.9 million tons. The Indian chemicals industry has attracted various foreign investors such as Akzo Nobel, BASF, ADEKA, Mitsubishi Chemicals Corporation, Syngenta, DuPont, Henkel, Croda, Wacker Metroark, DyStar, and Rhodla. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.
Extensive use in the chemicals and pharmaceutical industry is fueling the growth of chloroform market, especially in Asia Pacific and Middle East regions. Product innovation and expansion in various geographies is a key strategy adopted by the major players in the chloroform market. In January 2016, Aditya Birla Chemicals Limited merged with Grasim Industries, which is one of the leading chloro alkali manufacturers in India. This collaboration has increased the production capacity from 453K TPA to 804K TPA. Some of the major companies operating in the global chloroform market include Amadis Chemicals, Sigma-Aldrich, Chem Tik, MP Biomedicals, Tokyo Chemical Industry, abce CGmbH, AKos Consulting & Solutions, Mcule, Acadechem, Wutech, Molepedia, iChemical, IS Chemical Technology, Chembase.cn and Life Chemicals.
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Polydextrose Market- Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis,Forecast 2025

Polydextrose is a derivative of glucose that acts as a synthetic polymer and is used for food supplements and as a soluble prebiotic fiber for dietary. Polydexrose is an alternative to products that provides calories and sugar. The Food and Drug Administration (FDA) has characterized it as soluble fiber. The demand for polydextrose is boosting across the world due to health concerns of the consumers which has propelled the growth for polydextrose market. Polydextrose helps in reduction of fats, weight management, rising satiety along with others.
Diabetic foods and sugar free products are often produced by polydextrose due to its property of low sugar content. Health consciousness is the key factor to drive growth of the polydextrose market in the forecast period. Polydextrose is found in medical foods and nutritional products which poses rich fiber, low glycemic index, and low carb which expects the polydextrose market to increases its demand through food and healthcare services in the near future.
Polydextrose Market Taxonomy
On the basis of application,
  • Nutritional bars
  • Cultured dairy
  • Beverages
  • Bakery & confectionary
  • Health products
On the basis of product type,
  • Powder Products
    • Bakery & Confectionary
    • Functional Food Products
      • Oats
      • Omega-3 enriched eggs
      • Fatty fish
      • Probiotics
      • Grape Juice or Red Wine
      • Leafy Greens (Spinach, kale, collard greens, broccoli rabe, broccoli sprouts, and other leafy greens)
    • Nutritional Food
  • LiquidProducts
    • Cultured Dairy
    • Medical Syrups
Polydextrose market is expected to expand at a high CAGR between 2017 and 2025. Enhancement in fiber content of non-dietary food products, health awareness and increasing consumption of nutritional and functional foods which gives usage such as fat reduction, prebiotics, and weight management are expected to drive the global polydextrose market.
Polydextrose is a food additive which helps in reduction of blood fats and blood sugar which is expected to have significant profits for the polydextrose market in the coming years. Medical and diabetic foods are produced by polydextrose as it contains low glycemic index and low sugar content which helps in fat reduction, cholesterol and weight checks as they are rich in fiber and low in calorie content.
Global Polydextrose Protein Market Outlook – North America Growth Engine
The global polydextrose market is mainly dominated by the North American region, countries such as Canada and U.S. has a global share of 19.5% in the market in 2015. Changing food habits and consciousness for health in countries such as India and China are expected to shift the demand towards the Asia-Pacific region in the near future.
According to Food & Drug Administration (FDA) – Code of Federal Regulations Title 21 – part c - polydextrose may be used in good manufacturing practices as a bulking agent, formulation aid, humectant, and texturizer in all foods, except meat and poultry, baby food, and infant formula which is intended to increase the safety of food and as well as increase the demand for food containing polydextrose.
According to a survey conducted by Tate & Lyle - 55% of consumers globally are trying to avoid sugars and 52% are looking to add more fiber to their diet. The demand for food and beverages are easily meet by polydextrose which drives the demand in the European market. Its high fiber content gives the manufacturers to add fiber to no added sugar and reduce calorie in food and drink products.
The key participants in the polydextrose market are Tate & Lyle, Danisco A/S, Medallion Labs, Baolingbao Biology, MengzhouTailijie, Vitahealth, CJ CheilJedang, Shandong Minqiang Biotechnology Co. Ltd., Samyang Genex, and Cargill Inc.
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Paper Packaging Market- Industry Insights, Trends and Forecast 2025

Paper packaging is a sustainable and versatile way to transport and protect goods. Paper is 100% recyclable, compostable and biodegradable. Paper and board are manufactured from the natural fibers of bleached and unbleached cellulose, or from recycled paper. It is a more environment friendly alternative to plastic based packaging. Additional advantages include lightweight material, strong and is customizable in packaging design, as packaging aesthetics play a major role in customer preference.
The major drivers of the paper packaging market are the environment friendly nature of paper, low cost compared to alternatives and scrutiny from governments, public, NGOs, and media regarding waste generation. Companies taking an environmental stand have observed a better public profile than their counterparts, and this directly translates into company health.
The major challenges are that paper cannot be used in packaging of very heavy materials. This industry is still dominated by polymers and metal packaging. Furthermore, deforestation due to logging and the release of dioxins during paper production are a cause for environmental concern.
Paper Packaging Market Taxonomy
On basis of Product Type
  • Corrugated Containers
  • Paperboard Cartons
  • Paper bags and Sacks
  • Flexible
  • Others
On basis of Grade
  • Solid Bleached Surface
  • Coated Recycled Board
  • Uncoated Recycled Board
On basis of End User
  • Food
  • Beverages
  • Cosmetics & Personal Care
  • Medical
  • Others
Corrugated containers are primarily used as tertiary packing i.e. removed by retailers before sale. Corrugated containers are used to carry heavier goods such as electronics or multiple packages in the same container, due to strength from layered paper fiber structure. Cartons are lightweight material used for packaging of single items. Paper bags are made from single layer of paper and are used for light duty applications such as grocery packaging.
Solid bleached surface is bleached chemical board and has a mineral or synthetic coating on top for printing purposes. It is used in high-end packaging, pharmaceutical and food packaging, where aroma and flavor retention are essential. Coated recycled paperboard is produced from 100% recycled material and is coated with a kaolin layer for product description printing. Common applications are cereal boxes, soaps and detergents, paper goods packaging. Uncoated recycled paperboard is also produced from 100% recycled material and is used for shoeboxes, composite cans and fiber drums.
Largest end user industry is food industry. Moreover, with populations in developing countries getting richer, the demand for packaged goods rises which drives the packaging industry.
Market Outlook
  • Asia Pacific is the fastest growing market with increase in demand for food, beverages, pharmaceuticals and personal healthcare products. Increased consumer awareness in these markets has resulted in shift to paper packaging. The demand for paper pulp is also increasing in these markets. Japan is the largest market in Asia of packaging but has seen slow growth due to increase in consumption tax.
  • North America is a market leader in paper packaging and recycles up to 70% of its used paper according to the US Forest and Paper Association. Almost 35% of the feed for new paper was from recycled paper. In Europe, the European Paper Recycling Council aims to achieve 74% recycling in the European Union with Scandinavian Countries particularly adept.
  • Latin America has seen investment in hardwood pulp which is used as a feedstock for paper. Brazil is a major market but environmental and labor regulations may restrict growth as the market matures. Moreover, the logging industry is the largest industrial employer in Latin America with Amazon forests as the source.
  • Middle East has one of the largest per capita income in the world, hence the population has large disposable incomes which has resulted in this region having high consumption rates which drives the packaging industry. Whereas, Africa is expected to be a growth market in the coming years.
Low cost and innovative solutions on a local and regional level has challenged established market leaders, creating a buyer’s market with low prices on offer. The key players in the market are Clearwater Paper Corporation, Amcor Ltd., ITC Ltd., Metsa Group, Cascades Inc., Rock-Tenn Company, Mondi Group, Packaging Corporation of America and DS Smith Plc.
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Marine Coatings Market- Trends, Industry Insights and Forecast 2025

Marine coatings are used in marine environments for protection against corrosion, fouling, and UV radiation. The protection of the ship both above and below the waterline is crucial. Above the waterline, marine coatings help prevent damage due to UV radiation. Moreover, application of marine coatings below the waterline help prevent fouling and corrosion. An increase in life of marine vessels and equipment is observed on application of marine coatings.
There is a tendency of corrosion due to exposure to hostile marine environments. The consequences of corrosion are larger than the price incurred in preventing it, hence marine coatings have become a vital part of the shipping and shipbuilding industries. In addition, fuel consumption is reduced if the ship is in optimal shape. The major challenges are environmental regulations against leachable coatings. High VOC coats on leaching have an adverse effect on marine ecosystems. Furthermore, oil price instability has led to raw material price fluctuations which will slow down market growth in the forecast period.
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Marine Coatings Market Taxonomy
On basis of Product Type
  • Anti-Fouling
  • Foul Release
  • Slime Release
  • Anti-Corrosion
    • Epoxy based
    • Polyurethane
    • Water based
  • Others
On basis of Application
  • Marine
    • Freight Containers
    • Fishing Vessels
    • Shipyards & Ports
    • Naval Vessels
    • Boats
    • Ships
    • Yachts
    • Cruises
    • Tankers
    • Barges
    • Special Purpose Vessels
  • Oil and Gas
    • Platforms, Semi-Submersibles
    • Subsea Equipment
    • Pipelines
    • Drill Ships
    • FPSO’s
    • Others
  • Construction
    • Offshore Civil Structures
    • Bridges & Underwater Tunnels
    • Others
  • Others
Anti-fouling agents are applied on the marine vessels and equipment to prevent bio-fouling, which is the growth of algae, micro-organisms, plants, and animals. Increase in drag is observed due to bio-fouling which results in soaring fuel costs. The application of foul release agents makes the surface of material smooth, low friction and slippery, not allowing fouling organisms to attach to the surface. These are eco-friendly substitutes for anti-fouling agents.
The largest end user is the marine industry. As it operates in the midst of a highly corrosive saline environment. The need for frequent dry docking is reduced by coating and directly translates into reduced operating costs as dry docking is an expensive process. The oil & gas industry employs marine coatings on subsea equipment that are subjected to hostile pressure and temperature conditions in deep-water and ultra-deep-water zones.
Marine Coatings Market Outlook
  • Asia Pacific is the largest market for marine coatings. This is driven by both the marine and oil & gas industry. Increasing demand for energy in emerging economies of India, China, Indonesia, Philippines and ASEAN has boosted exploration and production activities in this region. Moreover, demand for goods has been followed by increased shipping and shipbuilding activity in this region which in turn has driven the marine coatings market. In addition, the development of this region as a low cost manufacturing zone has also increased shipping.
  • North America and Europe are the largest markets for boats, yachts and cruise liners, though these account for a relatively small market share in the marine industry. The luxury cruise liner segment is the fastest growing in these regions.
  • Middle East and North Africa are crude oil rich zones. The oil tanker segment is a major player in this region. The oil produced in these regions is exported to Asian, European and North American markets.
  • Latin American market has witnessed growth in both energy and marine industry. Though growth is sluggish due to complex trade laws between countries and poor port infrastructure. But, increased private sector engagement in modernization of ports and regulatory improvements can be a driver for the marine industry.
The requirement of special purpose ships in the oil and gas industry is growing. As production moves to deep-water and ultra-deep-water, specially designed drill ships and exploratory ships are required. In 2010, Maersk has commissioned the Viking, a US$ 650 million drillship to drill in depths of excess of 3000m water depth. Further developments in this segment is expected in the forecast period. Major players in the marine coatings market include Nippon paint marines Co. Ltd., Hempel A/S, Jotun A/S, PPG Industries Inc., AkzoNobel NV, DuPont, Axalta Coating Systems, Engineered marine coatings LLC, Chugoku Marine Paints Ltd., Advanced Marine Coating AS, KCC Corp., Kansai Paint Co. Ltd.
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Wednesday, 2 August 2017

Sodium Metabisulphite Market- Trends, Industry Insights and Forecast 2025

Sodium metabisulfite, also known as sodium pyrosulfite or disodium, is an inorganic compound comprising sulfur, sodium and oxygen. Its chemical formula is Na2S2O5 and it occurs in a white or yellowish-white crystalline powder. It easily dissolves in water. Sodium metabisulphite is widely used as a food preservative for dried foods such as raisins, potato chips and apples, and also in fruit concentrate juices. It acts as an antimicrobial in food preservation preventing the growth of fungi and bacteria, thus keeping food fresh and safe.
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Sodium metabisulphite is used as a reducing agent in the purification of ketones and aldehydes, in the manufacturing of resin and sulphonated oil, for detoxification of cyanide in gold ore processing plants and in the production of photographic chemicals.
Sodium Metabisulphite Market Taxonomy
On the basis of function, the global sodium metabisulphite market is classified into:
  • Sanitizing agent
  • Preservative
  • Cleaning Agent
  • Reducing agent
  • Floating Agent
  • Bleaching Agent
On the basis of grade, the global sodium metabisulphite market is classified into:
  • Food
  • Technical Grade
  • Photo Grade
On the basis of end use industry, the global sodium metabisulphite market is classified into:
  • Pharmaceutical
  • Water Treatment
  • Paper and Pulp
  • Food and Beverages
  • Photographic Industry
  • Others
Sodium metabisulphite is used in wines and beers, as it acts as both a sterilizer and an antioxidant in the process of fermenting wine or brewing beer. It is extensively used in the water treatment industry for purification of water, cleaning water pipes and in reverse osmosis membranes for desalinization equipment owing to its antibacterial property. In the pharmaceuticals industry, sodium metabisulphite is used as an antioxidant additive in injectable medicines and also as a reducing agent in pharmaceuticals.
Sodium Metabisulphite Market Outlook – Increasing Application the Food Industry to be the Major Market Driver  
Asia Pacific and North America are expected to be the most potential markets for sodium metabisulphite manufacturers. Asia Pacific market is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing food industry coupled with increasing population has boosted the growth of sodium metabisulphite market in the region. This trend is expected to be followed over the forecast period. According to U.S. Department of Agriculture Economic Research service, the U.S. food and beverage manufacturing industry employed over 1.5 million people in 2015. Over 34,000 food and beverage manufacturing plants are present throughout the region. According to IBEF India, the Indian Personal care products market is expected to reach total revenue of US$ 20 billion by the end of 2025. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.
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Extensive use of sodium metabisulphite in food industry has boosted the growth of sodium bisulphite market, especially in Asia Pacific and Middle East regions. Product plant expansion, developing innovative portfolio are some of the key strategies adopted by the top players in the global sodium metabisulphite market. In 2011, Aditya Birla Chemicals acquired its major competitor, the Chloro Chemicals Division of Kanoria Chemicals based in Renukoot. This will enhance the portfolio of the Aditya Birla Chemicals Business. With this acquisition, the Aditya Birla Chemicals Business ranks as one of the leading players in the chlor-alkali segment in India and has added 129,000 TPA to the existing caustic manufacturing capacity of 105,000 TPA. Some of the major companies operating in the global sodium metabisulphite market include BASF SE, Shandong Kailong Chemical Technology Development Co. Ltd, Solvay, Aditya Birla Chemicals, The Dow Chemical Company, Evonik Industries, Arkema, Qingdao Tianya Chemical Co., Ltd, Hans Chemicals Pvt. Ltd. and Ultramarine India Pvt. Ltd,
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Global biodegradable packaging market to surpass us$ 21 billion by 2025

The Global Biodegradable Packaging Market was valued at US$ 3.92 billion in 2016, according to a new report published by Coherent Market Insights. Increasing food and beverages packaging end-use industry to sustain the ever increasing population, and the consumer and industry awareness towards the use of eco-friendly products for a sustainable environment is surging demand for biodegradable packaging. Biodegradable packaging materials are naturally derived polymers that are made from various agricultural products such as starch, cellulose, proteins, and plant oils. The biodegradable polymers derived from these sources are mainly renewable and are helpful for maintaining a sustainable environment. The conventional plastics used for packaging are very harmful, non-biodegradable, and leads to global warming, water and air pollution. Thus, the governments of various countries have imposed various regulations to ban the use of conventional plastic bags; which in turn has increased the consumption of paper and plastic biodegradable bags for packaging.
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The global biodegradable packaging market is segmented into various end-use industries namely food, beverages, pharmaceuticals, personal/homecare, and others. Food is the largest end-use industry segment, followed by beverages. The food and beverages packaging segment is experiencing rapid growth due to major technological advancements focused towards decreasing environmental stress. Growing environmental concerns are paving the way for development of new packaging materials that are totally biodegradable, can be recycled, and are easily processed using eco-friendly production equipment. The continuous ban on the use of conventional packaging materials in food and beverage packaging, increasing awareness for the use of bio-based products, growing consumption of packaged food, and growing beverages industry globally are the major drivers for the growth of biodegradable packaging in the food and beverages end-use industry.
Key takeaways of the market:
  • Europe is projected to be the largest region in global biodegradable packaging market. It accounted for around 50.3% share of overall biodegradable packaging market in 2016, in terms of revenue. The market in this region is expected to be primarily driven by rampant consumption of biodegradable plastic and paper bags in food, beverages, and pharmaceutical end-use industries. The use of conventional plastic bags creates major environmental issues such as water and air pollution, global warming, and are very harmful for humans as well. This has allow the government of Europe to impose various regulations for banning the use of plastic bags around the region. The countries such as Italy, Germany, Austria, Bulgaria, France, and U.K. are now switching to biodegradable products for packaging to maintain the environment sustainability. Thus, Europe is positioned as the largest market for biodegradable packaging.
  • North America is expected to emerge as the second-largest market over the forecast period. The rise in consumer awareness for the eco-friendly products, regulations imposed on the use of conventional plastic bags, growing pharmaceuticals industry, and rising consumer preference for packaged food in the region is driving growth of the biodegradable packaging market in the region.
  • Asia-Pacific was the fastest-growing region in global plastic packaging market in 2016. The region is expected to retain high traction in the market through 2025. This is mainly attributed to rampant growth of end-use industries in China, India, and ASEAN countries. The growing food & beverages industries, rising economy, growing per capita income of middle class people, rising industrial and consumer awareness for eco-friendly products, in turn is enabling various manufacturers to produce bio-based products for packaging are some of the key drivers for the growth of biodegradable plastic packaging market in the Asia-Pacific region.
  • The plastic based biodegradable packaging was the dominant product segment in the global biodegradable packaging market in 2016 and the trend is expected to remain the same during the forecast period. The starch and PLA are the major plastic biodegradable polymers used for packaging. These polymers are widely used in food and beverages end-use industry due to their highly bio-based nature and have no harmful chemical intact in it, making them the most preferred polymer materials for food packaging applications. The growing global food and beverages industry is the key growth diver for the high consumption of these bio-based polymers. Hence, making the plastic based biodegradable packaging as the largest product type segment in the global biodegradable packaging market. 
  • BASF SE, Smurfit Kappa Group, Mondi Group, Rocktenn, Stora Enso, Clearwater Paper Corporation, Amcor, Novamont S.P.A., Rocktenn, Kruger Inc., Smurfit Kappa Group, Reynolds Group Holding Limited, and International Corp. are some of the key players in global biodegradable packaging market.
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