Global Bioplastic Packaging Market:
This research report provides in-depth analysis of current and forecast trends and growth prospects of global bioplastic packaging market. The report delivers significant information forecast from 2018 to 2025. The report comprises several drivers with the impact on the market over the prediction period. Additionally, the report covers all the detailed study of opportunities within the bioplastic packaging market across the globe.
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The global bioplastic packaging market report also offers competitive landscape with Porter’s Five Analysis across the globe. The report contains a market attractiveness analysis, where market segments are outlined on the basis of market size, growth rate, and general attractiveness. The bioplastic packaging market report delivers a decisive view by classifying the market on the basis of end-users, product types and geographical region.
The global bioplastic packaging market size is projected to grow from xx USD billion to xx USD billion at a CAGR of xx% during the prediction period. Growing adoption of bioplastic packaging solution is one of the major drivers of global bioplastic packaging market growth.
The global bioplastic packaging market has been segmented based on product type, raw material, application, and geographical regions. By type, the market is classified as flexible and rigid. By raw material, the market is classified into a petrochemical base and a renewable base. Further, the renewable base segment is categorized as starch, bio-derived polyethylene, aliphatic & aromatic polyesters, polyhydroxyalkanoates (PHA), cellulose, aliphatic-aromatic co-polyster (AAC), water-soluble polymer (WSP), molded fiber, and polylactic acid (PLA). Among these, the starch and PLA bioplastics are expected to be the highest growth over the forecast period. By application, the market is classified as catering and food beverages.
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In terms of geography, the global bioplastic packaging market is classified as North America, Latin America, Europe, and MEA. In between these, Europe was dominated for the largest global bioplastic packaging market share followed by the Asia Pacific and North America. However, the Asia Pacific region is likely to witness the highest global bioplastic packaging market growth. The rising demand for advanced, effective, and eco-friendly packaging in Asia Pacific regions such as India and China is attributed by increasing consumption of packaged food & beverages. Food & beverages segment accounted for the highest share due to early adoption of bioplastic packaging solutions. Several Small & Medium Enterprises, and large food and beverages industries are already using bioplastic packaging solutions. In 2013, companies like Heinz, Coca-Cola, P&G, and others joined the World Wildlife Fund to present the Bioplastic Feedstock Alliance. In addition, Nestle also using bioplastics such as bio-PET, PLA, and bio-PE for food packaging. In 2018, Iceland Foods Ltd. announced its campaigns to eliminate the use of plastic packaging into the coming years. This is expected to influence several Food & Beverages suppliers to shift towards bioplastic packaging.
The global bioplastic packaging market is highly fragmented due to the presence of a huge number of manufacturers in the market. A number of companies of bioplastic packaging are located in Europe as well as Asia-Pacific regions. Presently, demand for bioplastic packaging is increasing in developing and developed countries such as Africa and Asia due to the major need to control pollution, supportive government initiatives, and growing consumer awareness. Some leading players in the global bioplastic packaging market are Koninklijke DSM N.V., BASFSE, LLC, NatureWrks, Dow Chemical Company, Metabolix, Inc., and others.
Key segments of the global bioplastics packaging market
Product Overview, 2015-2025 (Kilo Tons) (USD million)
- Rigid
- Flexible
Application Overview, 2015-2025 (Kilo Tons) (USD million)
- Plastic Bottle
- Food Packaging
- Others
Regional Overview, 2015-2025 (Kilo Tons) (USD million)
- North America
- US
- Rest of North America
- Europe
- UK
- Spain
- Italy
- France
- Germany
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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