The Global Bio-Plastic Packaging Market size is estimated to reach USD 5.4 billion by 2028, rising at a CAGR of 13.1% from 2021 to 2028. The market is driven by factors such as increasing awareness about environment friendly products, rising concern for climate change, and more stringent regulations from governments in developed economies. However, the lack of significant infrastructure investments may hamper the growth of this industry over the coming years.
Bio-Plastic Packaging is a type of plastic that consists of polymers synthesized from biomass sources, such as corn and sugarcane. Bio-plastic Packaging provides an eco-friendly alternative to traditional plastics because it uses renewable resources instead of nonrenewable petroleum products.
Bioplastics are increasingly being used for the production of plastic bottles because it is a renewable resource which can be cultivated in an eco-friendly manner without any adverse effects on natural environments or ecosystems. Bio-Plastics Packaging also reduces fossil fuel dependence by replacing nonrenewable resources with crop plants that will grow back after use. As per research reports, bioplastics have significant advantages over traditional polymers such as low density due to their porous structure; high tensile strength combined with flexibility; transparency/translucency at various levels depending upon thickness and degree of crystallinity (structure).
On the basis of Type, the market is segmented into Poly Lactic Acid (PLA), Bio-PET, and PHA.
Poly Lactic Acid (PLA) is defined as a biopolymer, which is characterized by its chemical structure. It is created from corn starch or sugar cane and can be recycled several times without losing quality. PLA plastic packaging material has good barrier properties against oxygen, moisture, and light so it does not produce any harmful substances in the food as well as an odorless flavor for storing products that need to maintain freshness like vegetables, meat, etc., unlike other plastics such as PVC (polyvinyl chloride), PP (polypropylene), etc.
The market for PLA is growing as more consumers are concerned about the environmental impact of traditional plastics. It offers a promising future with better quality and less harmful substances produced in packaging materials, continuing to make it an attractive option for food production. PLA plastic offers innovative opportunities for sustainable living by reducing input costs through reduced waste disposal fees and lower transportation costs.
Bio-PET or polyethylene terephthalate is a bioplastic. Bio-PET can be derived from petrochemicals and natural materials such as corn starch, tapioca roots, sugarcane molasses, or cassava peels. The most common raw material used to make bioplastics are plants that would normally be discarded during the processing of food and drink products like cornstalks (the stems), fruit pits, rice husks, and wheat straws.
The first step in the production process for bio-plastics is converting biomass into sugars which are then converted into monomers through fermentation processes. These monomers are then polymerized by heat using various catalysts to create long chains called polymers.
PHA (Polyhydroxyalkanoate) is a synthetic polymer created by genetically engineering microorganisms to produce plastic instead of oil. The process occurs in two steps: first, bacteria are taken and modified with genetic material from plant biomass such as corn or sugarcane; second, the bacteria break down the plant material for food while simultaneously producing polymers that can be used as plastics. This type of bio-plastic has been shown to biodegrade completely within 30 days when it comes into contact with soil microbes.
On the basis of Application, the market is segmented into food & Beverages and Kitchen Utensils for Households; Electronics Industries which includes mobile phones as well as computers; Other Industry that covers electronics appliances such as refrigerators, washing machines, etc.
The market for bioplastic packaging in the food and beverage industry is largely driven by convenience. Consumers are opting for plastic containers instead of glass or metal because they're lightweight, easy to carry, and dishwasher safe. Bioplastics like PLA can be used as a substitute for conventional plastics such as PETE (polyethylene terephthalate) that may contain BPA (bisphenol A). Some companies have switched over to bio-based materials from petroleum products due to rising concerns about climate change caused by fossil fuel usage.
In recent years there's been an increase in awareness surrounding healthful eating habits with many consumers wanting environmentally friendly alternatives to plastic cutlery, plates, and cups. This has caused an upsurge in demand for bioplastics such as PLA which can be composted or pitted after use.
The electronics industry is one of the largest consumers of plastics globally with this sector alone accounting for a third of all global plastic production according to data published by the European Commission. Most polymers are used in small quantities but many don't have any viable recycling solution so they end up in landfills or the environment impacting marine life.
Plastics are also widely utilized in other industries such as construction where it's used to make pipes that transport oil and gas, chemicals, and food products; automotive manufacturing where it's found on car seats, dashboards, bumpers, and many other parts; medical devices such as syringes, blood bags, and artificial joints.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the largest market in terms of revenue due to the presence of well-established plastic industries such as plastics manufacturers and converters which are involved in manufacturing various types of bioplastics from corn starch.
Europe also accounted for significant shares owing to high demand coupled with a favorable regulatory environment including low emission standards that encourages buyers to opt for this type of product. The Asia Pacific is expected to emerge as the fastest region globally during the forecast period because of rapid economic expansion and shortage of raw materials available against surging disposable income levels.
Up Market Research published a new report titled “Bio Plastic Packaging Market research report which is segmented by Types (Poly Lactic Acid (PLA), Bio-PET, Bio-PP, PHA), By Applications (Food & Beverages, Kitchen Utensils, Electronics Industries, Other Industry), By Players/Companies Arkema, Dupont, NatureWorks, Heritage Pioneer Corporate Group, Novamont, Metabolix, Reverdia, Solvay, Bioamber, Corbion”.
|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|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||240|
|Number of Tables & Figures||168|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Poly Lactic Acid (PLA), Bio-PET, Bio-PP, PHA and By Application Food & Beverages, Kitchen Utensils, Electronics Industries, Other Industry.
Some of the companies that are profiled in this report are:
Bio Plastic Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
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 2028.
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