Latest market study on “Global Biopolymer Packaging Market to 2027 – COVID 19 Impact and Global Analysis – By Material Type, End-User, and Geography” the market was valued at US$ 7,872.54 million in 2018 and is expected to grow at a CAGR of 19.1% during 2019–2027 to reach US$ 37,465.07 million by 2027.

Strategic Insights

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Biopolymers are perceived as renewable, sustainable, and carbon neutral form of materials which are produced from renewable plant materials. Bio based polymers are considered to be an effective alternative to the conventional polymers and are being increasingly used in packaging industry to produce environment-friendly materials. Consumer awareness regarding impact of conventional plastic, stringent government regulations, and need for sustainable packaging solutions are a few factors driving the global biopolymers packaging market. The majority of biopolymers do not biodegrade, still they are preferred as they are formulated using bio-based resources and can be recycled.

Surge in Need for Sustainable Packaging Solution to Influence the Biopolymer Packaging Market Globally

Plastic packaging is extensively used in a wide range of applications such as FMCG, food & beverages, pharmaceutical, consumer goods, etc. The increasing application of plastic in several end-user industries is responsible for rising plastic pollution. Thus, the recycling and reuse of plastic are becoming of utmost importance for innovation and sustainability. Moreover, conventional plastic is estimated to become more expensive in the future with diminishing raw material sources. Since the last few years, bioplastic has influenced the plastic industry through innovation for more resource efficiency, functionality, and sustainability. The biopolymer is playing a significant role in increasing recycling targets and waste management by substituting petroleum resources with renewable resources. Biopolymer is manufactured using renewable plant-based resources which offer low toxicity, better recyclability, and high bio-degradability. Moreover, many of the industry players are switching towards bio-based materials from fossil-based resources in order to offer biodegradable solutions for packaging and other products. With the growing population and the increase in demand, packaging manufacturers are finding innovative ways to meet the increased demand for renewable plastic with improved quality of the products. Thus, the rise in demand for sustainable packaging solutions is fueling the growth of global biopolymer packaging market.

Impact of COVID-19 on biopolymer packaging market:

The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Brazil, India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affected conomies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic break down due to COVID-19 is also affecting the growth of the biopolymer packaging market growth due to shutting down of factories and obstacles in supply chain.

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Biopolymer Packaging Market: Product Type

Based on material type, the biopolymer packaging market is segmented into Polylactides (PLA), Bio-Polyethylene (PE), Bio-Polyethylene Terephthalate (PET), starch, cellulose, PBAT, Polyhydroxyalkanoates (PHA), Polybutylene succinate (PBS), and others. In 2018, starchsegment dominated the biopolymer packaging market; however, the Polyhydroxyalkanoates (PHA) market is expected to grow at the highest CAGR during the forecast period.Starch blends are the most common biomass source used for the production of biopolymers. It is a natural polymer, which is produced from corn, wheat, rice, barley, sorghum, potatoes, and other such items. Starch based plastics are thermoplastics which are formed by blending with additives and plasticizers like glycerin and sorbitol. Since starch blends are capable of creating unique composite materials by incorporating with many petroleum-based polymers or biopolymers, they find usage in several applications. The significance of starch blends has increased with the introduction of enhanced resin grades along with low toxicity, biocompatibility, as well as mechanical and degradation properties. The starch based biopolymers such as films and plastics are extensively used in packaging industry in production of cups, cutlery, egg cartons, straws, disposable bags, bowls, bottles, trash liners, and compostable films for agriculture.

Biopolymer Packaging Market: Competitive Landscape and Key Developments

Arkema Group, BASF SE, Biome Bioplastics Limited, Cardia Bioplastics, Innovia Films, NatureWorks LLC, Plantic Technologies Limited, Spectra packaging ltd., United Biopolymers, S.A., The Dow Chemical Company, and BEWiSynbra Group are some of the well-established companies in the global biopolymer packaging market. 

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