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Global Bioplastics Packaging Market by Type (Bio-PET, Poly Lactic Acid (PLA), PBS, Bio-PP, and Others), By Application (Plastic Bottles, Packaging, and Others), By End-User Industry (Food and Beverages, Consumer Goods, Pharmaceutical, and Other), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027
Description
Global Bioplastics Packaging Market Overview:
The global bioplastics packaging market is estimated to reach USD 51.61 billion by 2030, likely to grow at a CAGR of over 17.6 % during the forecast period 2022-2030, and it was valued at USD 13.95 billion in 2022. Bioplastics refer to plastics produced under the action of microorganisms based on natural substances such as starch. It is renewable and, therefore, very environmentally friendly. Due to their good degradability, biodegradable plastics are mainly used as soft food and hard packaging materials, which is also their largest application area at this stage. Bioplastics reduce the oil consumption of plastics, and biodegradable plastics can promote the slow recycling of plastics. It does not contain toxic substances such as polyvinyl chloride and phthalate. The health effects of these toxins have been widely discussed.Global Bioplastics Packaging Market Insights
The market’s growth is driven by increasing consumer awareness towards eco-friendly products and shifting preference towards eco-friendly substitutes. Additionally, governments’ increasing support for incorporating bioplastics instead of conventional plastics is expected to witness remarkable growth in the market. Further, the rising consumer preference for organic and natural polymers in food packaging will spur the growth of the global bioplastics market size. The growing awareness regarding the adverse effects of conventional plastics, which has steered consumers and regulatory bodies to opt for bioplastics instead of conventional plastic, is anticipated to enhance the demand for bioplastic packaging. Moreover, the surge in awareness about sustainable packaging among consumers and the abundant availability of raw materials in emerging economies will propel the global bioplastics packaging industry in the coming years. Furthermore, the rapid urbanization, industrialization, and demand for packaging will complement the industry’s growth. The rising awareness among consumers of the ecological impact of their lifestyles will foster the growth of the global bioplastics packaging market share in the analysis periods. The shifting of consumers’ preferences for organic materials and government initiatives enacted in various countries promote the production of bioplastics over that of plastic materials, and hazardous polymers are slated to impact the growth of the bioplastics packaging market. The increasing demand for eco-friendly, advanced, and effective packaging in emerging countries will boost the bioplastics packaging market in the forecast.Growth Driver
Growing awareness about the advantages of bioplastics packaging
As people’s environmental awareness grows, environmentally friendly degradable materials are prevalent. Various countries have issued corresponding plastic purchase ecological protection policies to control environmental pollution while encouraging people to save energy, protect the environment, and reduce emissions. The increased awareness of environmental protection has allowed manufacturers to see biodegradable plastics opportunities in the packaging market. The demand for biodegradable packaging in the field of food packaging is snowballing. Food packaging is the largest end market for biodegradable packaging.Type Segmental Analysis
Based on the type, the global bioplastics packaging market is classified into Bio-PET, Poly Lactic Acid (PLA), PBS, Bio-PP, and Others. The Bio-PET segment is expected to have the highest revenue share for the bioplastics packaging market during the forecast period. The segment’s growth is primarily attributed to the extensive use of Bio-PET, which possesses similar properties to conventional PET, in the bottling and packaging industries. Poly Lactic Acid (PLA) will witness a worthwhile growth rate in the estimated period due to its ease of processability and superior mechanical properties.Application Segmental Analysis
Based on the application, the global bioplastics packaging market is segmented into plastic bottles and packaging. The packaging segment is estimated to witness significant growth over the analysis timeframe due to the growing demand for bioplastics for food, pharmaceutical, and goods packaging in the packaging industry. Plastic bottles will grow significantly during the forecast period because governments worldwide are emphasizing biodegradable and bioplastic packaging materials. The use of bioplastics will also reduce the synthesis problem.End-User Industry Segmental Analysis
Based on the end-user industry, the global bioplastics packaging market is segmented into food and beverages, consumer goods, pharmaceuticals, and others. The food and beverage segment will dominate the global bioplastics packaging market by 2030. Food and beverage manufacturers adopt the most suitable packaging mechanism, such as bioplastic packaging, attributable to the several advantages that it endures and promotes zero-waste sustainability initiatives. Consumer goods accounted for the largest share of the bioplastics packaging market in 2021 due to the growing application of bioplastics packaging in cosmetics and textile products.Region Segmental Analysis
The global bioplastics packaging market is segmented by geography into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is estimated to project considerable growth over 2022-2030. This is due to the high adoption of green packaging solutions, the popularity of sustainable packaging in the manufacturing industry, and the stringent governing framework for synthetic polymers. North America will capture a prominent share of the bioplastics packaging market by 2030 due to health and environmentally-conscious consumers, high-income populations, and numerous environmental protection initiatives.Competitor Analysis
Companies such BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, IFS chemicals, NatureWorks LLC, Arkema Group, Metabolix Inc., Novamont S.p.A., Albis Plastics, Innovia Films, Biome Bioplastics Limited., FKuR Kunststoff, Grace Biotech, and DaniMer Scientific LLC are the key players in the global bioplastics packaging market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global bioplastics packaging manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to bioplastics packaging
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In October 2020, SABIC presented a pilot project along with Schwarz Group, a European retail store operator, for the benefit of transparent film bags made from the former’s certified circular polyethylene (PE) in vegetable packaging.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type- Bio-PET
- Poly Lactic Acid (PLA)
- PBS
- Bio-PP
- Others
- Plastic Bottles
- Packaging
- Others
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Other
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Table Of Contents
Global Bioplastics Packaging Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- New Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Bioplastics Packaging Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Type
- Bio-PET
- Poly Lactic Acid (PLA)
- PBS
- Bio-PP
- Others
- By Application
- Plastic Bottles
- Packaging
- Others
- By End-User Industry
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Other
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- North America Bioplastics Packaging Market Overview
- North America Bioplastics Packaging Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Bioplastics Packaging Market Share & Forecast, 2016-2027
- By Type
- Bio-PET
- Poly Lactic Acid (PLA)
- PBS
- Bio-PP
- Others
- By Application
- Plastic Bottles
- Packaging
- Others
- By End-User Industry
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Other
- By Country
- US
- Canada
- Mexico
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Bioplastics Packaging Market
- By Type
- Demand
- North America Bioplastics Packaging Market Size & Forecast, 2016-2027
- Europe Bioplastics Packaging Market Overview
- Europe Bioplastics Packaging Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Bioplastics Packaging Market Share & Forecast, 2016-2027
- By Type
- Bio-PET
- Poly Lactic Acid (PLA)
- PBS
- Bio-PP
- Others
- By Application
- Plastic Bottles
- Packaging
- Others
- By End-User Industry
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Other
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Bioplastics Packaging Market
- By Type
- Demand
- Europe Bioplastics Packaging Market Size & Forecast, 2016-2027
- Asia Pacific Bioplastics Packaging Market Overview
- Asia Pacific Bioplastics Packaging Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Bioplastics Packaging Market Share & Forecast, 2016-2027
- By Type
- Bio-PET
- Poly Lactic Acid (PLA)
- PBS
- Bio-PP
- Others
- By Application
- Plastic Bottles
- Packaging
- Others
- By End-User Industry
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Other
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Bioplastics Packaging Market
- By Type
- Demand
- Asia Pacific Bioplastics Packaging Market Size & Forecast, 2016-2027
- South America Bioplastics Packaging Market Overview
- South America Bioplastics Packaging Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Bioplastics Packaging Market Share & Forecast, 2016-2027
- By Type
- Bio-PET
- Poly Lactic Acid (PLA)
- PBS
- Bio-PP
- Others
- By Application
- Plastic Bottles
- Packaging
- Others
- By End-User Industry
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Other
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Bioplastics Packaging Market
- By Type
- Demand
- South America Bioplastics Packaging Market Size & Forecast, 2016-2027
- Middle East & Africa Bioplastics Packaging Market Overview
- Middle East & Africa Bioplastics Packaging Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Bioplastics Packaging Market Share & Forecast, 2016-2027
- By Type
- Bio-PET
- Poly Lactic Acid (PLA)
- PBS
- Bio-PP
- Others
- By Application
- Plastic Bottles
- Packaging
- Others
- By End-User Industry
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Other
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Bioplastics Packaging Market
- By Type
- Demand
- Middle East & Africa Bioplastics Packaging Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- BASF SE
- Dow Chemical Company
- Koninklijke DSM N.V.
- Eastman Chemical Company
- IFS chemicals
- NatureWorks LLC
- Metabolix Inc.
- Arkema Group
- Novamont S.p.A.
- Albis Plastics
- Innovia Films
- Biome Bioplastics Limited.
- FKuR Kunststoff
- Grace Biotech
- DaniMer Scientific LLC
- Other Prominent Players
Methodology
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Frequently Asked Questions(FAQ)
Bioplastics refer to plastics produced under the action of microorganisms based on natural substances such as starch. It is renewable and, therefore, very environmentally friendly.
The global bioplastics packaging market was valued at USD 13.95 billion in 2022 and is expected to reach USD 51.61 billion by 2030. It is likely to grow at a CAGR of over 17.6 % during the forecast period, 2022-2030.
The market’s growth is driven by increasing consumer awareness towards eco-friendly products and shifting preference towards eco-friendly substitutes.
Companies such BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, IFS chemicals, NatureWorks LLC, Arkema Group, Metabolix Inc., Novamont S.p.A., Albis Plastics, Innovia Films, Biome Bioplastics Limited., FKuR Kunststoff, Grace Biotech, and DaniMer Scientific LLC are the key players in the global bioplastics packaging market.
Europe is estimated to project considerable growth over 2022-2030.
