Bioplastic Packaging Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMPAC428 | Last Updated On: Jul 14 2022 | Available Formats

> Global Bioplastic Packaging Market Expected to reach a high CAGR By 2029: DataM Intelligence

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, 2022-2029

 

Market Overview

The Global Bioplastic Packaging Market is expected to grow at a high CAGR during the forecasting period (2022-2029).

Market Dynamics:

  • The key factors driving the market include favorable government policies and regulations, 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.

Market Segmentation Analysis

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

  • Bio-PET has the largest market share in the global bioplastic packaging market due to growing manufacturing activities of the food container, 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, Pharmaceutical, 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.

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 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.

Competitive Analysis

  • 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 have 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 has launched three new grades of its plant-based plastic, NuPlastiQ® BioPolymers for packaging, durable goods, foodservice, and other packaging applications.

  • 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, 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, Pharmaceutical, Industrial Products, Consumer Products, and Others. Based on geography the market is segmented into – North America, South America, Europe, Asia-Pacific, and RoW.

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