Bioplastic packaging uses plastics that are manufactured from biomass sources. The sources of these plastics are renewable such as corn starch, vegetable oils, and microbes. Bioplastics are gaining significant traction. This can be attributed to increasing consumer awareness regarding use of bioplastics coupled with innovative product development, which offers improved product performance. The food and beverages end-use industry is the largest consumer of bioplastics. Rampant use of conventional plastics has contributed to land, air and water pollution. The use of bioplastics is expected to reduce the issue of pollution arising from the use of conventional plastics.
Market Dynamics
Europe held the largest market share in the global bioplastic packaging market in 2021. This is owing to high consumer awareness, supportive government initiatives, and continuous innovation in biodegradable packaging the market. Stringent regulations over conventional plastic use in food, beverage, and medical packaging has led to increasing adoption of these. Under the Plastic Bags Directive in the EU, consumers cannot use more than 90 bags a year by 2022, down from the EU average of 200 bags a year. This is expected to boost both demand and manufacturing capacity of bioplastics in the region. Demand for bio-PET product is increasing due to rising End- Use Industry of it in the food & beverages end-use industry segment. Key players in the food and beverage industry such as Coca-Cola Company and PepsiCo have started introducing bioplastic packaging for their products.
Key features of the study:
- This report provides in-depth analysis of the bioplastic packaging market and provides market size (US$ Billion and Kilo Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global bioplastic packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include BASF SE, Koninklijke DSM N.V., Solvay S.A., Braskem S.A., Novamont S.p.A, NatureWorks, LLC, Metabolix, Inc., and DowDuPont Inc., among others.
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, technology up-grades, market expansion, and marketing tactics
- The global bioplastic packaging market report caters to various stakeholders in this industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the bioplastic packaging market
Detailed Segmentation:
- Global Bioplastic Packaging Market, By Product Type:
- TPS
- PLA
- PHA
- Bio-PE
- Bio-PA
- Bio-PET
- Bio-PP
- Others
- Global Bioplastic Packaging Market, By End- Use Industry:
- Food & Beverages
- Consumer Goods
- Pharmaceutical
- Industrial Goods
- Others
- Global Bioplastic packaging Market, By Geography:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East
- Africa
- North Africa
- Central Africa
- South Africa
- Company Profiles
- BASF SE*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Solvay S.A.
- Koninklijke N.V.
- NatureWorks LLC
- Arkema S.A.
- Braskem S.A.
- Metabolix Inc.
- Novamont S.p.A
- DowDuPont Inc.
- Innovia Films Ltd.
Infographics - Bioplastic Packaging Market
