Bioplastic Packaging Market Overview
Bioplastics have the potential to bypass the environmental impacts of petroleum-based plastics, if made from bio-based feedstock, bioplastics avoid the high greenhouse gas emissions of oil and natural gas emissions and avoid concerns about health effects from petrochemical processing. Bioplastics have the potential to bypass the environmental impacts of petroleum-based plastics for sustainable food packaging. Food packaging should be natural and environmentally friendly, bioplastics or biopolymers from renewable resources have attracted increasing industry interest as a solution to environmental problems and the limited resources of petroleum-based polymers. The most frequently cited benefits of bioplastics are reduced use of fossil fuel resources, smaller carbon footprint and faster decomposition. Bioplastics are also less toxic and do not contain bisphenol A, a hormone disruptor often found in conventional plastics. The most popular bioplastic is polylactic acid, or PLA, which is typically made from fermented plant starches, PLA is already seen in widespread use, often as single-use cups labeled "compostable in industrial facilities". The six bioplastics, from strongest to weakest, are: arrowroot starch, tapioca starch, corn starch, potato starch, rice flour, and potato starch. Bioplastics are a type of plastic that can be made from natural sources such as vegetable oils and starches. As bioplastics are plant-based products, the use of petroleum for plastic production is expected to decrease by 15-20% by 2025. Bioplastic is a biodegradable material that comes from renewable sources and can be used to reduce the problem of plastic waste that chokes the planet and pollutes the environment. Bioplastics are research materials that can be used to replace traditional petroleum-based plastics for sustainable food packaging, bio-based plastics reduce dependence on fossil resources while improving the carbon footprint of production, biodegradable plastics allow for improved end-of-life conditions for disposal and recycling, this allows our existing waste can reduce the load on the system and environment. Bioplastics are currently used in disposable items such as packaging, containers, straws, bags and bottles, and in non-disposable carpets, plastic piping, phone casings, 3D printing, car insulation and medical implants. Bioplastic packaging is used to make bottles, jars and containers as well as fresh food packaging, the increasing popularity of supermarkets, arcades, retail chains and internet shopping in India in the Asia Pacific region has raised the demand for bags. The growing use of plastics in packaging, cosmetics, personal care and consumer goods is likely to drive the growth of the bioplastic packaging industry.
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Attributes |
Details |
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Bioplastic Packaging Market Value (2022) |
US$ 13.5 Bn |
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Bioplastic Packaging Market Projected Value(2032) |
US$ 77.1 Bn |
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Bioplastic Packaging Market CAGR (2022-2032) |
25.5% |
Bioplastic Packaging Market Dynamics
Growing concern and regulations regarding the use of plastics by various authorities is an essential factor driving the bioplastic packaging market, and increasing adoption of bioplastic packaging solutions, due to their nature and eco-friendliness, and renewable, biodegradable variants are key drivers of growth and will continue during the forecast period. However, growing consumer preference for green products over synthetic derivative materials in chemicals, growing demand from the flexible packaging industry, and increasing use of renewable and bio-based products are another growth factor in this market. Bioplastics are typically two or three times more expensive than major conventional plastics such as PE or PET, and their production suffers from low yields and, being expensive, these disadvantages should be less severe when production plants become larger and economies of scale are benefited. Significant difficulty in manufacturing bioplastic packaging from raw materials of agricultural origin and cost competitiveness of bioplastic packaging over conventional plastics are anticipated to hinder market growth. However, increasingly poor infrastructure for recycling, growing lack of awareness about the importance of sustainability in some emerging economies, and increasing packaging towards non-plastic solutions are the major factors restraining the market growth.
Technological advancement
Manufactures involved in Bioplastic Packaging Market are developing advanced versions of their products due to new age technological advancements. Key players of Bioplastic Packaging are investing more in power systems and creating more modern, timesaving, cost-effective technology that has a positive impact on the Bioplastic Packaging Market. Due to government regulations, manufacturers are looking for innovative ways to reduce their environmental footprint and tap into the advanced technical properties offered by bioplastics, all of which will significantly boost the bioplastics for packaging market. Furthermore, increasing growth modernization and technological advancements in the packaging industry and increasing growth of e-commerce industry will create new opportunities for the bioplastic packaging market during the forecast periodIn May 2022, CJ BIO launched the Bioplastic product line, an advanced amorphous PHA technology that will provide plastic manufacturers and consumer products companies with marine, soil and household biodegradable options. CJ BIO, a division of South Korea-based CJ CheilJedang, developed PHACT marine biodegradable polymers based on its proprietary polyhydroxyalkanoate technology. In February 2020, the Korea Research Institute of Chemical Technology announced in February that it had developed a new technology to produce environmentally friendly polyethylene furanoate plastic. PEF has been spotlighted as a new bio-alternative to replace PET plastic and is made from glucose, a sugar substance produced by plants.
Bioplastic Packaging Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Bioplastic Packaging Market is segmented based on product type, application, packaging type, end-use and region.
On the basis of product type, the Bioplastic Packaging Market is segmented into Bio-PET, PLA and PLA Blends, Starch Blends, Other biodegradables. On the basis of application, the target market is classified into Plastic Bottles, Packaging and Others. On the basis of Packaging Type, the Bioplastic Packaging Market is segmented into Rigid, Flexible. On the basis of End-Use, the target market is classified into Food and Beverages, Consumer Goods, Pharmaceutical, Industrial Goods, Others.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Bioplastic Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global packaging market is dominated by the European region, followed by North America and Asia-Pacific. In Europe, supporting government policies includes helping consumers prioritize purchasing bio-based products. Europe strengthened its position as a global center of industry and ranked first in research and development.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Product Type - Bio-PET, PLA and PLA Blends, Starch Blends, Other biodegradables By Application - Plastic Bottles, Packaging and Others By Packaging Type - Rigid, Flexible By End-Use - Food and Beverages, Consumer Goods, Pharmaceutical, Industrial Goods, Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Bioplastic Packaging Market report based on product type, application, packaging type, end-use and region:
Bioplastic Packaging Market, By Product Type:
- Bio-PET
- PLA and PLA Blends
- Starch Blends
- Other Biodegradables
Bioplastic Packaging Market, By Application:
- Plastic Bottles
- Packaging
- Others
Bioplastic Packaging Market, By Packaging Type:
- Rigid
- Flexible
Bioplastic Packaging Market, By End-Use:
- Food and Beverages
- Consumer Goods
- Pharmaceutical
- Industrial Goods
- Others
Bioplastic Packaging Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Bioplastic Packaging Market Key Players
The key players operating the Bioplastic Packaging Market includes, BASF SE, Koninklijke DSM N.V., NaturalWorks, LLC, Metabolix, Inc., Dow Chemical Company, Mitsubishi Chemical Corporation, Alpagro Packaging, Amcor Limited, Eastman Chemical Company, and Biome Bioplastic Limited.
Bioplastic Packaging Market Company Profile
- BASF SE*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Koninklijke DSM N.V.
- NaturalWorks, LLC
- Metabolix, Inc.
- Dow Chemical Company
- Mitsubishi Chemical Corporation
- Alpagro Packaging
- Amcor Limited
- Eastman Chemical Company
- Biome Bioplastic Limited
“*” marked represents similar segmentation in other categories in the respective section
Recent Developments:
- In May 2021, Amcor has taken another step towards its goal of providing more sustainable packaging solutions by producing recycled plastic packaging for powdered chocolate in Latin America.
- In January 2022, Amcor, a global leader in developing and manufacturing responsible packaging solutions, launched a new platform of paper-based packaging products in January. AmFiber innovations aim to redefine the capabilities of traditional paper packaging by providing a wide range of features and functional benefits to meet the changing needs of consumers.
Bioplastic Packaging Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Packaging Types
- Key Thickness Insights
- Secondary Data
- Major Secondary Packaging Types
- Secondary Packaging Types
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Packaging Type
- Market Snippet, By End-Use
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Bioplastic Packaging Market, By Product Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Bio-PET
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- PLA and PLA Blends
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Starch Blends
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Other Biodegradables
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Bioplastic Packaging Market, By Application
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Plastic Bottles
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Packaging
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Bioplastic Packaging Market, By Packaging Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Rigid
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Flexible
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Bioplastic Packaging Market, By End-Use, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Food and Beverages
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Consumer Goods
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Pharmaceutical
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Industrial Goods
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Bioplastic Packaging Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Use, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Use, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Use, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Use, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Use, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- BASF SE
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Koninklijke DSM N.V.
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NaturalWorks, LLC
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Metabolix, Inc.
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dow Chemical Company
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mitsubishi Chemical Corporation
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alpagro Packaging
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amcor Limited
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eastman Chemical Company
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Biome Bioplastic Limited
- Company Overview
- Product Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Bioplastic Packaging Market is segmented based on product type, application, packaging type, end-use and region.
Growing consumer preference for green products over synthetic derivative materials in chemicals, growing demand from the flexible packaging industry, and increasing use of renewable and bio-based products are growth factor of bioplastic packaging market.
Packaging market is dominated by the European region, Europe strengthened its position as a global center of industry and ranked first in research and development.
Key players operating in the Bioplastic Packaging Market includes BASF SE, Koninklijke DSM N.V., NaturalWorks, LLC, Metabolix, Inc., Dow Chemical Company, Mitsubishi Chemical Corporation, Alpagro Packaging, Amcor Limited, Eastman Chemical Company, and Biome Bioplastic Limited.