Market Overview:
The global bio-plastic packaging market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for sustainable and environment-friendly packaging solutions. In addition, the growing awareness about the benefits of using bio-based plastics over traditional plastics is also contributing to the growth of this market. The global bio-plastic packaging market can be segmented on the basis of type into poly lactic acid (PLA), bio-PET, bio-PP, and PHA. PLA is expected to account for a major share of the global bio-plastic packaging market due to its properties such as biodegradability and compostability. On the basis of application, food & beverages is expected to account for a major share of the global Bio plastic Packaging Market owingtothe increasing demand from consumers for sustainable and environment friendly packaged food products .
Product Definition:
It is important to use bio-based plastics for packaging because it reduces the amount of petroleum based plastic that ends up in landfill. Bio-based plastics also degrade more easily than traditional plastic, which means they are better for the environment.
Poly Lactic Acid (PLA):
Poly lactic acid (PLA) is a biodegradable polymer, produced from renewable resources such as corn and sugar. It has the potential to replace synthetic plastics in many applications due to its superior physical properties. PLA is being widely used for manufacturing compost bags, food containers & trays, film-forming products like shrink films and pouches among others.
Bio-PET:
Bio-PET is a type of PET that is produced from renewable plant-based materials such as sugarcane, corn starch, and wheat. It has similar chemical properties and can be used in the same way as regular PET. Bio-PET costs less than regular PET and has a lower carbon footprint during its production process. This makes it an ideal choice for use in various applications including food packaging, bottles & jars etc., which require low cost along with sustainability.
Application Insights:
The food and beverages application segment led the global bio-plastic packaging market in 2017. This is attributed to rising demand for packaged food products across the globe. Rising health concerns, coupled with initiatives by various governments to promote healthy eating habits among consumers, are further likely to propel product demand in this application over the forecast period.
The other applications segment includes personal care products, homecare products, pharmaceuticals and electronics industries. The growing use of bio-based materials in these industries owing to their sustainable nature is expected to drive market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand from various end-use industries, such as electronics and healthcare. China led the Asia Pacific regional market in terms of both volume and revenue in 2017 owing to strong economic growth coupled with rising disposable income levels among consumers.
Increasing awareness regarding bio-based products along with favorable government regulations is anticipated to drive the bio-plastic packaging industry over the forecast period. The European region dominated by Germany, U.K., Italy, France, and Spain among others due high consumption of packaged food items across these countries will remain a key consumer for this industry over next eight years (2018 - 2027).
Growth Factors:
- Increasing demand for bio-based plastics from packaging and consumer goods industries due to environmental concerns over the use of traditional petrochemical-based plastics.
- Rising prices of crude oil and natural gas, which are the key feedstocks for manufacturing conventional plastic resins, is prompting a shift towards bio-based alternatives.
- Government initiatives and regulations promoting the use of bioplastics in packaging applications as a way to reduce greenhouse gas emissions and landfill waste.
- Growing public awareness about the benefits of using sustainable materials in packaging, which is driving demand for bio-plastic products among consumers and retailers alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-Plastic Packaging Market Research Report
By Type
Poly Lactic Acid (PLA), Bio-PET, Bio-PP, PHA
By Application
Food & Beverages, Kitchen Utensils, Electronics Industries, Other Industry
By Companies
Arkema, Dupont, NatureWorks, Heritage Pioneer Corporate Group, Novamont, Metabolix, Reverdia, Solvay, Bioamber, Corbion, Arkema
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Bio-Plastic Packaging Market Report Segments:
The global Bio-Plastic Packaging market is segmented on the basis of:
Types
Poly Lactic Acid (PLA), Bio-PET, Bio-PP, PHA
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Kitchen Utensils, Electronics Industries, Other Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkema
- Dupont
- NatureWorks
- Heritage Pioneer Corporate Group
- Novamont
- Metabolix
- Reverdia
- Solvay
- Bioamber
- Corbion
- Arkema
Highlights of The Bio-Plastic Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Poly Lactic Acid (PLA)
- Bio-PET
- Bio-PP
- PHA
- By Application:
- Food & Beverages
- Kitchen Utensils
- Electronics Industries
- Other Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-Plastic Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-plastic packaging is a type of plastic packaging made from plant-based materials. These materials are typically derived from agricultural byproducts, such as corn starch and sugarcane fiber, which can be processed into plastic without the use of harmful chemicals. Bio-plastics are often more environmentally friendly than traditional plastics because they do not release toxins when disposed of improperly.
Some of the key players operating in the bio-plastic packaging market are Arkema, Dupont, NatureWorks, Heritage Pioneer Corporate Group, Novamont, Metabolix, Reverdia, Solvay, Bioamber, Corbion, Arkema.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-Plastic Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio-Plastic Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio-Plastic Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio-Plastic Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio-Plastic Packaging Market Size & Forecast, 2020-2028
4.5.1 Bio-Plastic Packaging Market Size and Y-o-Y Growth
4.5.2 Bio-Plastic Packaging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Poly Lactic Acid (PLA)
5.2.2 Bio-PET
5.2.3 Bio-PP
5.2.4 PHA
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Kitchen Utensils
6.2.3 Electronics Industries
6.2.4 Other Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio-Plastic Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-Plastic Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Poly Lactic Acid (PLA)
9.6.2 Bio-PET
9.6.3 Bio-PP
9.6.4 PHA
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Kitchen Utensils
9.10.3 Electronics Industries
9.10.4 Other Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Poly Lactic Acid (PLA)
10.6.2 Bio-PET
10.6.3 Bio-PP
10.6.4 PHA
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Kitchen Utensils
10.10.3 Electronics Industries
10.10.4 Other Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Poly Lactic Acid (PLA)
11.6.2 Bio-PET
11.6.3 Bio-PP
11.6.4 PHA
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Kitchen Utensils
11.10.3 Electronics Industries
11.10.4 Other Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Poly Lactic Acid (PLA)
12.6.2 Bio-PET
12.6.3 Bio-PP
12.6.4 PHA
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Kitchen Utensils
12.10.3 Electronics Industries
12.10.4 Other Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Poly Lactic Acid (PLA)
13.6.2 Bio-PET
13.6.3 Bio-PP
13.6.4 PHA
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Kitchen Utensils
13.10.3 Electronics Industries
13.10.4 Other Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio-Plastic Packaging Market: Competitive Dashboard
14.2 Global Bio-Plastic Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 Dupont
14.3.3 NatureWorks
14.3.4 Heritage Pioneer Corporate Group
14.3.5 Novamont
14.3.6 Metabolix
14.3.7 Reverdia
14.3.8 Solvay
14.3.9 Bioamber
14.3.10 Corbion
14.3.11 Arkema
