Good Natured Products Inc V.GDNP.H

Ban on Single-use Plastics Gives Impetus to Bioplastics Mark

[PlasticOno]

"The demand for bioplastics solutions to package products is expected to be driven by government initiatives to lower ecological waste, particularly plastic packaging waste, and better the waste management processes. Governments across the globe are creating restrictions on the use of traditional plastics, which is pushing the growth of bioplastic as a steady substitute in the packaging industry."


Ban on Single-use Plastics Gives Impetus to Bioplastics (globenewswire.com)

Top Highlights for Packaging Market:

• The Europe region obtained a 36% value share in 2022.
• The North America bioplastics for packaging industry acquired a 30.5% market share in 2022.
• The United States bioplastics for packaging industry gained a total of 26.8% value share in the year 2022.
• The German bioplastics for packaging industry acquired a 6% market share in 2022.
• The Japanese bioplastics for packaging industry procured a 5.7% market share in 2022.
• The Australian bioplastics for packaging industry obtained a market share of 1% in the year 2022.
• The Chinese bioplastics for packaging industry are projected to expand at a prominent CAGR of 12.2% from 2023 to 2033.

Key Players are:

• Braskem S.A
• Corbion N.V.
• Novamont S.p.A
• NatureWorks LLC
• Amcor Plc
• Mondi Group
• Tetra Pak International SA

Why is it that Good natured is flying under the radar and almost never mentioned in one of those market reports?