India Bio plastics Market – industry analysis and Forecast (2018-2026)
India Bio plastics Market to grow at 28 % CAGR during the forecast.
India Bio plastics Market is segmented by product and by application. Based on product, India bio-plastics market is segmented into biodegradable plastic and non-biodegradable plastic. Rigid packaging, flexible packaging, textile, agriculture & horticulture, consumer good, automotive, electronic, building & construction and others are application segments of India bio-plastics market.
Increasing eco-awareness among consumers, mandates & regulations, corporates becoming more focused on sustainability, technology stabilization and cost reduction are factors driving the India bio-plastics market. Substitute and lack of awareness are restraining the market growth. Costly price than conventional plastics and evolving upstream technology poses a challenge to the market.
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Bio-based Polyethylene (PE) and bio-based polyethylene terephthalate (PET) are non-biodegradable plastics and are the main drivers of non-biodegradable growth. Production revenue of biodegradable plastics, such as polylactic acid or polylactide (PLA), Polyhydroxyalkanoates (PHA), and starch blends is growing steady rate. Increasing application of polyethylene and polyethylene terephthalate in packaging is propelling the non-biodegradable plastic.
Packaging segment is expected to account for almost 60 % of the overall market share to become the dominant in the India bio-plastics market. Bio-plastics are extensively used in the manufacturing of bottles, loose-fill, cups, pots, blows, flexible films, and other products. Rigid and flexible packaging is two most common types of bio-plastics packaging. Packaging finished product from bio-plastics are used in the packing fresh food, dry snacks, candy, bakery goods, juice bottles, and meat trays as well as coatings for beverage cups, films, and card stock.
Jammu & Kashmir is the first state in India to have built a dedicated bio-plastic product manufacturing facility with an installed capacity of about 960 metric tons per annum. J&K Agro Industries Ltd has started its joint venture with Earthsoul India to launch the country’s first integrated biopolymer facility that can manufacture 100% bio-degradable and compostable products.
Envigreen, Ecolife, Plastobags, Earthsoul India and Truegreen are major players operating in the India’s bioplastic market.
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Scope of the India Bio plastics Market
India Bio plastics Market by Product:
• Biodegradable bioplastics
o Polyester
o Polylactic Acid (PLA)
o Polyhydroxyalkanoates (PHA)
o Starch Blends
o Others (Cellulose Esters and others)
• Non-Biodegradable Bio-plastics
o Bio-PE (polyethylene)
o Bio-PET (polythene terephthalate)
o Bio-PA (polyamide)
o Others
India Bio plastics Market by Application:
• Packaging
• Textile
• Agriculture & Horticulture
• Consumer Good
• Automotive, Electronic
• Building & Construction
• Others
Key players analysed in India Bio plastics Market:
• Envigreen
• Ecolife
• Plastobags
• Earthsoul India
• Truegreen
Browse Full Report with Facts and Figures of India Bio plastics Market Report at: https://www.maximizemarketresearch.com/market-report/india-bio-plastics-market/21457/
MAJOR TOC OF THE REPORT
Chapter One: India Bio plastics Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global India Bio plastics Market Competition, by Players
Chapter Four: Global India Bio plastics Market Size by Regions
Chapter Five: North America India Bio plastics Revenue by Countries
Chapter Six: Europe India Bio plastics Revenue by Countries
Chapter Seven: Asia-Pacific India Bio plastics Revenue by Countries
Chapter Eight: South America India Bio plastics Revenue by Countries
Chapter Nine: Middle East and Africa Revenue India Bio plastics by Countries
Chapter Ten: Global India Bio plastics Market Segment by Type
Chapter Eleven: Global India Bio plastics Market Segment by Application
Chapter Twelve: Global India Bio plastics Market Size Forecast (2019-2026)
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