Bioplastic Packaging Market Size, Share, Trends, Outlook, Growth Opportunities, and Forecast 2023 - 2030

Global Bioplastic Packaging Market is segmented by Raw Material (Bio-Polyethylene (PE), Bio-Polyethylene terephthalate (PET), Regenerated Cellulose, Poly Hydroxyalkonoates (PHA), Others), By Packaging Type (Flexible Packaging, Rigid Packaging), By Application (Food & Beverages, Pharmaceutical, Industrial, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Bioplastic Packaging Market Report Overview

The Global 150 Pages Bioplastic Packaging Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Bioplastic packaging finds application in various industries for sustainable and eco-friendly packaging solutions. The market is driven by increasing demand for environmentally friendly packaging materials, particularly in Europe and North America. Key players in the Bioplastic Packaging Market include NatureWorks LLC, BASF SE, Novamont S.p.A, Braskem S.A., and other prominent players operating in the market

Bioplastic Packaging Market Scope and Summary

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Bioplastic Packaging Market Dynamics and Trends

• The key factors driving the market include favorable government policies and regulations, a rising focus on bio-based content rather than biodegradability, and growing health concerns. However, the high production cost of bioplastic packaging is restraining the growth of the market.

Bioplastic Packaging Market Segmentation

• The global market for Bioplastic Packaging is broadly segmented by product type as – Bio-PE, Bio-PET, Regenerated Cellulose, and Poly Hydroxyalkonoates.

• Bio-PET has the largest market share in the global bioplastic packaging market due to the growing manufacturing activities of food containers, bottles, bags, and carry-away cups. Increasing demand for eco-friendly plastic products for packaging is leading to the growth of this segment.

• By applications, the market is segmented into Food & Beverages, Pharmaceuticals, Industrial Products, Consumer Products, and Others. Food & beverages are the leading application segment in the global bioplastics packaging market, with increasing demand for food and beverage products globally.

Bioplastic Packaging Market Geographical Analysis

• The global Bioplastic Packaging market is segmented into North America, Europe, Asia Pacific, South America, and ROW.

• Europe is dominating the global bioplastic packaging market with more than 30% of the market share due to supportive government policies in Europe that include the Europe 2020 strategy that supports bio-economy inspiring public authorities to give preference towards procurement of bio-based products and allowing member states to reduce taxes for bio-based products.

• The Asia Pacific is the fastest-growing market with growing packaging industries in developing countries such as India and China.

Bioplastic Packaging Companies and Competitive Landscape

• The market has a highly competitive environment with continuous product and technological developments. The players are also focusing on strategic collaborations and agreements to expand their geographic footprint to intensify market competitiveness.

• Some of the recent developments contributing to the growth of the global Bioplastic Packaging Market are:

• In May 2018, DUPONT and ADM announced the opening of a bioplastic pilot plant, the world’s first production facility in the US for bio-based furan dicarboxylic methyl ester (FDME), which can be used to make a lightweight plastic.

• In April 2018, BioLogiQ, Inc., a bioplastic resin manufacturing company launched three new grades of its plant-based plastic, NuPlastiQ® BioPolymers for packaging, durable goods, food service, and other packaging applications.

• A few of the key players in the global Bio-plastic packaging market include BASF SE (Badische Anilin- und Soda-Fabrik), Natureworks LLC, Braskem S.A., Innovia Films, Ltd, Koninklijke DSM N.V, Novamont S.P.A, Biome Technologies PLC, The Dow Chemical Company (Dow), Bio-On S.P.A., and Metabolix Inc.

Key Takeaways

• Europe is dominating the global bioplastic packaging market with more than 30% of the market share due to supportive government policies in this region.

• Bio-PET has the largest market share of the global bioplastic packaging market due to growing applications for the manufacturing of products such as bottles, food containers, bags, and carry-away cups.

• Favorable government policies and regulations, a rising focus on bio-based content rather than biodegradability and growing health concerns are driving the growth of the market.

The Scope of the Report

• The report covers epidemiology analysis of critical infectious diseases, the factors impacting the market, Porter 5 Forces, Market Share Analysis, Product Benchmarking, and company profiles.

• The bioplastic packaging market is segmented on the raw material as Bio-Polyethylene (PE), Bio-Polyethylene terephthalate (PET), Regenerated Cellulose, Poly Hydroxyalkonoates (PHA), Polylactic acid (PLA), Starch Blends, and Others. Based on packaging type, the market is segmented into flexible and rigid packaging.

• The market is further segmented into Food & Beverages, Pharmaceuticals, Industrial Products, Consumer Products, and Others. Based on geography the market is segmented into – North America, South America, Europe, Asia-Pacific, and RoW.