+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Bioplastics Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 144 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5633106

Quick Summary:

In the rapidly evolving global bioplastics packaging market, the prudent executive should be armed with an in-depth understanding of emerging trends, significant players, and potential market divisions. This comprehensive report provides an invaluable resource for those seeking to make informed decisions in this innovative industry. Bioplastics packaging materials, produced from renewable resources such as bio polyethylene, provide a high-performance alternative to traditional plastic packaging, offering increased durability and tensile strength, while playing a pivotal role in reducing carbon emissions.

The significant growth of the bioplastics packaging market is driven by an escalating global demand for sustainable and eco-friendly solutions. Bioplastics, as material solutions that are recyclable and decompose rapidly, provide an effective solution to environmental crises such as oceanic and terrestrial plastic pollution. These industry dynamics, coupled with commercially attractive product innovations, such as 3D printed bioplastic packaging materials, and increasing utilization across various industries, including food and beverage, make an investment in understanding this market more critical than ever before. The synthesis of these factors have created the perfect storm: the increasing environmental awareness combined with the implementation of government initiatives promoting eco-friendly packaging, build a robust and positive growth prospect for the bioplastics packaging market.

The global bioplastics packaging market size reached US$ 6.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.03% during 2023-2028.

Bioplastics are renewable packaging solutions used for preserving, protecting and transporting a wide range of products. They are widely used for storing and packaging dairy products, personal care, carbonated and non-carbonated alcoholic beverages. They are manufactured of bio polyethylene terephthalate (PET), bio polyethylene, bio polyamide (PA), starch blends and polybutylene adipate terephthalate (PBAT). Bioplastic packaging materials are commonly available in rigid and flexible packaging, such as films, bottles, cutlery, pouches, labels, trays, and cups. As compared to traditional plastic packaging, bioplastic packaging offers enhanced versatility, durability, and tensile strength with reduced carbon footprint.

Bioplastics Packaging Market Trends:

The increasing demand for eco-friendly and sustainable packaging solutions across the globe is one of the key factors driving the growth of the market. Bioplastic packaging materials are reusable and decompose faster, which aids in conserving natural resources and cutting down toxic waste. In line with this, the rising environmental consciousness and the increasing need to reduce the footprint of plastic in oceans and landfills are favoring the market growth. Moreover, various product innovations, such as the development of three-dimensional (3D) printed bioplastic packaging materials, are providing an impetus to the market growth. These packages offer a high reusability rate and are available in aesthetically appealing designs to enhance brand awareness. Additionally, the increasing demand for rigid bioplastics for cosmetic packaging, such as creams, lipstick, compact powders and foundations, is positively impacting the market growth. Besides this, the rising trend of combining bioplastic materials with other suitable recyclables to ensure resource efficiency and decrease greenhouse gas (GHG) emissions are catalyzing the market growth. Apart from this, the increasing product utilization in the food and beverage industry, along with the implementation of various government initiatives for encouraging the use of eco-friendly packaging, are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global bioplastics packaging market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product type, packaging type and end user.

Breakup by Product Type:

  • PLA
  • TPS
  • PHA
  • Bio-PE
  • Bio-PA
  • Bio-PET
  • Bio-PP
  • Others

Breakup by Packaging Type:

  • Flexible Plastic Packaging
  • Rigid Plastic Packaging

Breakup by End User:

  • Food
  • Beverages
  • Consumer Goods
  • Pharmaceuticals
  • Industrial Goods
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ALPAGRO Packaging, Amcor plc, Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Braskem S.A., Eastman Chemical Company, Koninklijke DSM N.V., Mondi PLC, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A, Tetra Laval International SA, TIPA Corp Ltd. and WestRock Company.

Key Questions Answered in This Report:

  • How has the global bioplastics packaging market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bioplastics packaging market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the packaging type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bioplastics packaging market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Bioplastics Packaging Market

What is the estimated value of the Global Bioplastics Packaging Market?

The Global Bioplastics Packaging Market was estimated to be valued at $6 Billion in 2022.

What is the growth rate of the Global Bioplastics Packaging Market?

The growth rate of the Global Bioplastics Packaging Market is 14.3%, with an estimated value of $13.4 Billion by 2028.

What is the forecasted size of the Global Bioplastics Packaging Market?

The Global Bioplastics Packaging Market is estimated to be worth $13.4 Billion by 2028.

Who are the key companies in the Global Bioplastics Packaging Market?

Key companies in the Global Bioplastics Packaging Market include ALPAGRO Packaging, Amcor plc, Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Braskem S.A., Eastman Chemical Company, Koninklijke DSM N.V., Mondi PLC and NatureWorks LLC (Cargill Incorporated).

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Bioplastics Packaging Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 PLA
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 TPS
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 PHA
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Bio-PE
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Bio-PA
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Bio-PET
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Bio-PP
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Packaging Type
7.1 Flexible Plastic Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Rigid Plastic Packaging
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Food
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Beverages
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Goods
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Pharmaceuticals
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Industrial Goods
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ALPAGRO Packaging
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Amcor plc
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Arkema S.A.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 BASF SE
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Biome Bioplastics Limited (Biome Technologies plc)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Braskem S.A.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Eastman Chemical Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Koninklijke DSM N.V.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Mondi PLC
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 NatureWorks LLC (Cargill Incorporated)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Novamont S.p.A
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Tetra Laval International SA
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 SWOT Analysis
14.3.13 TIPA Corp Ltd.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 WestRock Company
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis

Companies Mentioned

  • ALPAGRO Packaging
  • Amcor plc
  • Arkema S.A.
  • BASF SE
  • Biome Bioplastics Limited (Biome Technologies plc)
  • Braskem S.A.
  • Eastman Chemical Company
  • Koninklijke DSM N.V.
  • Mondi PLC
  • NatureWorks LLC (Cargill Incorporated)
  • Novamont S.p.A
  • Tetra Laval International SA
  • TIPA Corp Ltd.
  • WestRock Company.

Methodology

Loading
LOADING...