Bioplastics Packaging Market

Global Market Study on Bioplastics Packaging: Bans on Single-use Plastic to Bode Well for Market Growth

Bioplastic Packaging Market Segmented By Product Type - Bio-PET | PLA and PLA blends | Starch Blends

Report ID: PMRREP2796

Number of Pages: 300

Format: PPT*, PDF, EXCEL

Industry: Consumer Goods

Published Date: December-2022

Report Price

$4900*

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Bioplastics Packaging Market Snapshot

The global bioplastics packaging market is projected to expand at ~12.5% CAGR and reach ~US$ 8,913.1 Mn by the end of 2033, up from its current market size of ~US$ 23,818.9 Mn.

Global Bioplastics Packaging Market Size (2022A)

US$ 7,678.7 Mn

Global Bioplastics Packaging Market Size (2023E)

US$ 8,913.1 Mn

Projected Sales of Bioplastics Packaging Market (2032F)

US$ 23,818.9 Mn

Value CAGR (2023 to 2033)

~12.5%

Collective Value Share: Top 3 Countries (2022)

~33.5%

The market for bioplastics packaging is being driven by the growing trend of sustainability in many elements of packaging. Food and beverage sectors are recognised to be the major users of bioplastics packaging due to a rising aversion to plastic packaging with high contamination risk and the widespread use of packaging goods.

The rising consumer desire for organic and natural polymers in food packaging is also driving the rate of adoption of these sustainable packaging solutions in the food and beverage industry.

Major industry companies are working to improve the physical qualities of these packaging materials, making them more appealing and useful. They are looking for chances in emerging markets to expand their market presence.

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Bioplastics Packaging Market Analysis from 2017 to 2022 Vs Market Outlook for 2023 to 2033

From 2017 and 2022, worldwide demand for bioplastics packaging increased at a CAGR of ~5.4%, with the United States, Japan, China, India, and the U.K. holding significant shares in the global market.

Packaging solutions have become more important in every F&B Company. Manufacturers of food and drinks continue to use the most appropriate packaging method to meet the packaging needs of varied goods.

Thus, bioplastics packaging is projected to acquire importance in the worldwide F&B sector, owing to the several benefits that it offers. Bioplastics or biopolymers derived from biomass are new packaging materials for food products, the demand for which is tightly linked to customer preferences.

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How will the Rising Trend of Sustainability aid the Market?

Sustainability is the new focus as increased knowledge about the environment has prompted need for a huge revolution in packaging solutions. Packaging that is biodegradable and sustainable will be the dominant trend in the packaging industry.

Bioplastics in packaging are increasing popularity, and expanding packaging research has also contributed to an increase in demand and uses. ALPLA, a worldwide packaging solutions provider, recently acquired a significant investment in Panara A.S. of Slovakia, a research and development firm dedicated to generating 100% renewable bioplastic compounds with economically usable qualities.

In 2021, the European Union's rule prohibiting the use of single-use plastics went into effect. This will have a significant influence on the packaging sector. This guideline, on the other hand, will increase the popularity and demand for bioplastics used in packaging.

As bioplastics research advances, the global market environment will undergo significant changes. The bioplastics sector is predicted to expand significantly in the future years.

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What are the Factors Restraining the Bioplastics Packaging Market?

The significant challenge in creating bioplastic packaging from agricultural raw materials is expected to stymie industry expansion. Increased production of crude oil and natural gas in the Middle East and Russia is expected to have a negative influence on the bioplastic packaging business in the future.

Furthermore, the use of chemical additives in the manufacturing of bioplastics has raised health concerns due to their toxicity. Aside from health issues, the complexity of techniques for separating bioplastics components from disposal sites based on resin types is expected to limit market growth. The bioplastics packaging market, on the other hand, is predicted to grow fast throughout the forecast period.

Country-wise Insights

How has U.K. Planned to save its Waterbodies from Getting Polluted?

Single-use plastic straws, stirrers, and cotton buds were prohibited in U.K. by the government in 2020. Single-use plastic products such as cutlery and plates are scheduled to be outlawed in England in 2022 as the U.K. government strives to address the problem of garbage contaminating rivers and oceans.

Every year, more than 4 billion pieces of silverware and more than 1 billion plates made of single-use plastic are discarded in England. Even though it is feasible to recycle these goods, the most majority still wind up in landfill or as trash, as part of the country's throwaway mentality. The U.K. bioplastics packaging market is estimated to grow at a CAGR of about 7.3% throughout the forecast period.

What is the Scope of Bioplastics Packaging Market in India?

The bioplastics packaging market is projected to rise at highest rate of about 17.4% CAGR throughout the forecast period. Government of India's attitude on plastic, as evidenced by a declaration by the environment minister in 2018, that single-use plastics will be phased out by 2020, which has now been changed to 2022.

This is also projected to open up new opportunities for the Indian bioplastics market, hence supporting its growth. As of 2019, around 18 states in the United States had enacted a ban on single-use plastics.

Total Corbion PLA, a 50/50 partnership between Total and Corbion, announced its plan to explore the Indian bioplastics market in 2019, in collaboration with Konkan Specialty Poly Products Pvt Ltd., a polymers and chemicals operator situated in Mangalore, India.

Why has the Demand for Biodegradable Plastics Increased in China?

According to the report to the 20th National Congress of the Communist Party of China, its future growth orientation would be increasingly focused on high quality and sustainable development (CPC).

China's State Post Bureau has published a new regulation: non-biodegradable plastic bags, plastic tapes, and disposable plastic weaved bags will be banned nationally in the postal service network by the end of 2025. A Chinese courier services provider set standards to make shipments more ecologically friendly in response to the laws.

According to the company, they are aggressively promoting green environmental protection in Chongqing by covering the majority of their outlets with express green recycling bins and managing specific workers to encourage the usage of environmental protection bags. In the future, efforts will be made throughout a variety of areas to make express packages more environmentally friendly in the city. Consequently, China is estimated to grow at a rapid rate of about 15.6% during the projection period.

Category-wise Insights

Which Segment Contributes the Highest Share on the Basis of Application?

The primary applications classified in the global bioplastics packaging market are food & beverages and catering. Bioplastics are developed from renewable resources, i.e. components such as starch, cellulose, protein, and so on that are utilised for packaging materials and are regarded safe for use in food applications. Hence, the food segment registered highest share of about 47.8% in 2022.

Which Region will grow the Fastest during Projection Period?

In terms of expansion, Europe is predicted to dominate the worldwide market, followed by North America and Asia Pacific. Japan, the United States, China, and Germany are among the countries expected to experience rapid expansion in the bioplastics packaging material landscape. However, North America registered the highest market share of about 27.4% followed by Europe.

Which Bioplastic Material will be Used Extensively for Packaging?

PLA and starch-based bioplastics are projected to be affected by the introduction of nanotechnology-based packaging that is both environmentally friendly and assures product safety. The starch blends segment registered about 15.8% of market share in 2022.

Competition Landscape

The market's key players are concentrating their efforts on growing their client base across geographies and end-user industries. These businesses are capitalising on strategic collaboration initiatives to enhance their market share and profitability.

For instance:

  • BASF SE expanded its packaging coatings operations to South China in 2020. The development supplemented Shanghai's manufacturing capacity, which largely serves the East China market.

Duvet Industry Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • South Africa
  • Northern Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand

Key Market Segments Covered

  • Product Type
  • Application
  • Region

Key Companies Profiled

  • BASF SE (Badische Anilin- und Soda-Fabrik)
  • Braskem S.A.
  • Koninklijke DSM N.V.
  • Arkema S.A.
  • Innovia Films, Ltd.
  • Metabolix, Inc.
  • NatureWorks, LLC.
  • Novamont S.p.A.
  • The Dow Chemical Company.
  • Others (on request)

Customization & Pricing

Available upon Request

Key Segments Covered in Bioplastics Packaging Industry Research

Bioplastics Packaging Market by Product Type:

  • Bio-PET
  • PLA and PLA Blends
  • Starch Blends
  • Other biodegradables

Bioplastics Packaging Market by Application:

  • Food
  • Beverages
  • Catering
  • Others

Bioplastics Packaging Market by Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

  • BASF SE (Badische Anilin- und Soda-Fabrik)
  • Braskem S.A.
  • Koninklijke DSM N.V.
  • Arkema S.A.
  • Innovia Films, Ltd.
  • Metabolix, Inc.
  • NatureWorks, LLC.
  • Novamont S.p.A.
  • The Dow Chemical Company.
  • Other Players (As Requested)

Frequently Asked Questions

The global bioplastics packaging market reached a valuation of US$ 7,678.7 Mn at the end of 2022.

Between 2017 and 2022, global sales of bioplastics packaging increased at 5.4% CAGR.

North America leads the global market and accounted for highest share in 2022.

Some of the leading manufacturers of bioplastics packaging are BASF SE (Badische Anilin- und Soda-Fabrik), Braskem S.A., Koninklijke DSM N.V., Arkema S.A., Innovia Films, Ltd., Metabolix, Inc., NatureWorks, LLC., Novamont S.p.A., and The Dow Chemical Company among others.

The global market for bioplastics packaging is expected to expand at 12.5% CAGR through 2032.

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