Corn-Based Plastics for Packaging Market
Corn-Based Plastics for Packaging Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Corn-Based Plastics for Packaging Market Size and Growth
The corn-based plastics for packaging market is experiencing significant growth, driven by rising demand for sustainable alternatives to traditional plastics. The market size is projected to reach approximately $1.5 billion by 2025, fueled by increased consumer awareness and regulatory support for ecofriendly packaging solutions. Market conditions favor innovation and investment in bioplastics.
Companies Covered
(Covid 19 Impact Covered)
◍ CornWare
◍ Corbion
◍ Braskem
◍ Natureworks
◍ BASF
◍ Klockner Pentaplast
◍ DuPont
◍ Novamont
◍ NatureWorks
◍ PSM
◍ Mitsubishi
◍ Arkema
◍ Biomer
◍ Kingfa
◍ FKuR
The Corn-Based Plastics for Packaging Market features companies like NatureWorks and BASF, providing biodegradable solutions to enhance sustainability. Firms like Braskem and DuPont innovate in product development, while others like NOVAMONT promote ecofriendly alternatives. Key players reported notable revenues, driving market growth through technological advancements and consumer demand for sustainable products, including:
- NatureWorks: $150 million
- BASF: $78 billion (total revenue)
- DuPont: $20 billion (total revenue)
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Market Segmentation
By Application
By Product
◍ Natural Corn-Based Plastics for Packaging ◍ Synthenic Corn-Based Plastics for Packaging ◍ Pharmaceutical Industry ◍ Food and Beverage Industry ◍ Others
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Market Growth
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$ X Billion USD
