The Asia-Pacific bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for eco-friendly packaging options across various end-user industries. Due to the rising environmental concerns, consumers as well as the big brands are shifting their non-renewable packaging products to the renewable bio-based packaging items, which, in turn, is driving the growth of the Asia-Pacific bioplastic packaging market growth over the forecast period. Besides, there are several government initiatives and laws that ban encourages the use of bio-based products and bans the use of single-use non-biodegradable plastics, which further supports the growth of the market.
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The Asia-Pacific biosimilar market is segmented on the basis of type, packaging type, and end-user industry. Based on the type, the market has been segmented as biodegradable plastics and non- biodegradable plastics. The biodegradable plastics segment is further sectioned as starch-based, polylactic acid (PLA), polyhydroxyalkanoates (PHA), polyester, and cellulose derivatives. The non-biodegradable plastics segment is further sectioned as bio-polyethylene terephthalate (PET), bio-polyethylene, bio-polyamides, bio-poly trimethylene terephthalate, and other non-biodegradable plastics. Based on the packaging type, the market is segmented as rigid packaging and flexible packaging. Based on the end-user industry, the market is segmented as food & beverage, pharmaceutical, personal care, and others.
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Asia-Pacific Bioplastic Packaging Market Segmentation
By Type
- Biodegradable Plastics
- Starch-based
- Polylactic Acid (PLA)
- Polyhydroxyalkanoates (PHA)
- Polyester
- Cellulose Derivatives
- Non-biodegradable Plastics
- Bio-polyethylene Terephthalate (PET)
- Bio-Polyethylene
- Bio-Polyamides
- Bio-Polytrimethylene Terephthalate
- Other Non-biodegradable Plastics
By Packaging Type
- Rigid Packaging
- Flexible Packaging
By End-User Industry
- Food & Beverage
- Pharmaceutical
- Personal Care
- Others
Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- Arkema S.A.
- Overview
- Arkema SA in Asia-Pacific
- Arkema SA in Bioplastic Packaging Landscape
- Recent Developments
- BASF SE
- Eastman Chemical Co.
- Koninklijke DSM N.V.
- Mondi PLC
- Rengo Co. Ltd.
- Tetra Pak International SA
- The Dow Chemical Co.
- Toray Industries Inc.
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