The global bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The packaging is one of the vital industries that demands various types of plastics and products for packaging purposes. Bioplastic packaging acts as the most suitable alternative to the plastics packaging products. The key factors that drive the growth of the bioplastic packaging industry include the rising demands to reduce plastic waste from across the globe. Various government initiatives and policies are implemented to replace plastics with a better alternative that causes less pollution when compared. Besides, the inclination of the consumers towards the use of environmentally friendly products is further estimated to accelerate the growth of the global bioplastics packaging market during the forecast period.
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Moreover, amongst the end-use industries of the global bioplastic packaging market, the food & beverage industry is considered to be one of the leading end-user industries in the bioplastics packaging market owing to the increased reluctance towards the plastic packaging products. Plastic-based products are associated with a high risk of contamination owing to which the food & beverage industry is turning towards bioplastic packaging products. Further, growing consumer preference for organic and natural polymers in food packaging is also accelerating the adoption rate of these bioplastic packaging solutions in the food & beverage sector. Such aforementioned factors are substantially contributing towards the market growth over the forecast period.
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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
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Arkema S.A.
- BASF SE
- Biome Bioplastics Ltd.
- Braskem S.A.
- Corbion N.V.
- CornWare UK Ltd.
- DaniMer Scientific LLC
- Eastman Chemical Co.
- FKuR Polymers GmbH
- Innovia Films, Ltd.
- Koninklijke DSM N.V.
- Minima TechnologyCo. Ltd.
- Mondi PLC
- NatureWorks LLC
- Novamont SpA
- Plastic Suppliers Inc.
- Plastobag Industries
- Rengo Co. Ltd.
- TAGHLEEF Industries Group
- Tetra Pak International SA
- The Dow Chemical Co.
- Tipa Corp. Ltd.
- Toray Industries Inc.
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