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Report
Global Bioplastic Packaging Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 216 Pages I EMR Inc.
Global Bioplastic Packaging Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global bioplastic packaging market size reached approximately USD 15.56 billion in 2023. Aided by the escalating demand for sustainable packaging, the market is projected to grow at a CAGR of 16.10% between 2024 and 2032, reaching a value of around USD 59.78 billion by 2032.
Bioplastic packaging is an innovative and sustainable alternative to traditional plastic packaging. Made from renewable biological sources, such as corn starch, sugarcane, and cellulose, bioplastics offer environmental benefits by reducing reliance on fossil fuels and lowering carbon emissions.
Bioplastics are derived from biomass sources, making them a renewable option compared to petroleum-based plastics. Common feedstocks include plant materials like corn, sugar beet, and potato starch.
The global bioplastic packaging market has experienced significant growth over the past decade, driven by increasing environmental awareness, advancements in bioplastic technologies, and supportive government policies. As the world grapples with the consequences of plastic pollution and climate change, the shift towards sustainable packaging solutions has become imperative. Bioplastics, derived from renewable sources such as corn starch, sugarcane, and cellulose, offer a promising alternative to traditional petroleum-based plastics. This shift is not only a response to consumer demand for eco-friendly products but also a strategic move by companies to align with global sustainability goals.
One of the most prominent bioplastic packaging market trends is the increasing adoption of sustainable packaging solutions by major consumer goods companies. Brands across various industries, including food and beverage, personal care, and healthcare, are integrating bioplastic packaging into their product lines. This trend is particularly evident in the food and beverage sector, where there is a high demand for biodegradable and compostable packaging solutions. Companies like Coca-Cola, Danone, and Nestle have made significant strides in this area, launching products with bioplastic bottles and containers. This shift not only enhances brand image but also meets the growing consumer preference for sustainable packaging.
Technological advancements have played a crucial role in enhancing the global bioplastic packaging market growth. Innovations in material science have led to the creation of bioplastics with improved performance characteristics, such as increased strength, flexibility, and barrier properties. These advancements have made bioplastics more competitive with conventional plastics, enabling their use in a wider range of applications. For instance, polylactic acid (PLA) and polyhydroxyalkanoates (PHA) are gaining popularity due to their versatility and biodegradability. Moreover, ongoing research and development efforts are focused on enhancing the properties of bioplastics to meet the specific requirements of different packaging applications.
Government policies and regulations are also driving the bioplastic packaging market expansion. Many countries have implemented stringent regulations to reduce plastic waste and promote the use of sustainable materials. The European Union, for example, has set ambitious targets to increase the use of bioplastics and reduce single-use plastics. Similarly, countries like India and China are taking steps to phase out non-biodegradable plastics and promote biodegradable alternatives. These regulatory measures are creating a favourable environment for the market, encouraging companies to invest in sustainable packaging solutions.
The increasing consumer awareness and demand for sustainable products are further propelling the bioplastic packaging market development. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking products with eco-friendly packaging. This trend is particularly strong among millennials and Generation Z, who prioritise sustainability and are willing to pay a premium for environmentally responsible products. As a result, companies are focusing on sustainable packaging as a key differentiator in the highly competitive market.
Despite the positive trends, the bioplastic packaging market faces several challenges. One of the main hurdles is the higher cost of bioplastics compared to conventional plastics. The production of bioplastics involves complex processes and the use of renewable raw materials, which can be more expensive than petroleum-based plastics. This cost differential has been a significant barrier to widespread adoption, particularly for small and medium-sized enterprises. However, economies of scale and advancements in production technologies are expected to reduce costs over time, making bioplastics more accessible to a broader range of companies.
The COVID-19 pandemic has had a mixed impact on the bioplastic packaging market value. On one hand, the increased demand for packaged goods and single-use packaging has led to a surge in plastic waste. On the other hand, the pandemic has heightened awareness of environmental issues and the need for sustainable solutions. As economies recover and consumer preferences continue to evolve, the demand for bioplastic packaging is expected to rebound strongly.
Market Segmentation
The global bioplastic packaging market can be divided based on material, product type, source, end use, and region.
Market Breakup by Material
- Polyethylene (PE)
- Polylactic Acid (PLA)
- Polyamides (PA)
- Polytrimethylene Terephthalate (PTT)
- Starch Blends
- Cellulose Films
- Polypropylene (PP)
- Polyhydroxyalkanoates (PHA)
- Others
Market Breakup by Product Type
- Rigid Plastic Packaging
- Flexible Packaging
Market Breakup by Source
- GMO
- Non-GMO
Market Breakup by End Use
- Packaging
- Fibres
- Automotive and Transportation
- Consumer Goods
- Agricultural Goods
- Industrial Goods (including Electrical and Electronics)
- Building and Construction
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global bioplastic packaging market. Some of the major players explored in the report by Expert Market Research are as follows:
- NatureWorks LLC
- Arkema S.A
- Novamont S.p.A.
- BASF SE
- Corbion N.V.
- Mitsubishi Chemical Corporation
- Braskem S.A.
- Eastman Chemical Co.
- Danimer Scientific, Inc.
- SECOS Group Limited
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bioplastic Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Global Bioplastic Packaging Historical Market (2018-2023)
8.3 Global Bioplastic Packaging Market Forecast (2024-2032)
8.4 Global Bioplastic Packaging Market by Material
8.4.1 Polyethylene (PE)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Polylactic Acid (PLA)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Polyamides (PA)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Polytrimethylene Terephthalate (PTT)
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Starch Blends
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Cellulose Films
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Polypropylene (PP)
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Polyhydroxyalkanoates (PHA)
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Others
8.5 Global Bioplastic Packaging Market by Product Type
8.5.1 Rigid Plastic Packaging
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Bottle
8.5.1.3.2 Tray
8.5.1.3.3 Tubes
8.5.1.3.4 Caps
8.5.1.3.5 Cutlery
8.5.1.3.6 Blister Packaging
8.5.1.3.7 Cups
8.5.2 Flexible Packaging
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Type
8.5.2.3.1 Pouch
8.5.2.3.2 Film
8.5.2.3.3 Labels
8.5.2.3.4 Others
8.6 Global Bioplastic Packaging Market by Source
8.6.1 GMO
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Non-GMO
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Bioplastic Packaging Market by End Use
8.7.1 Packaging
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Fibres
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Automotive and Transportation
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Consumer Goods
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Agricultural Goods
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Industrial Goods (including Electrical and Electronics)
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Building and Construction
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
9 Global Bioplastic Packaging Market by Region
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
10 North America Bioplastic Packaging Market Analysis
10.1 United States of America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Europe Bioplastic Packaging Market Analysis
11.1 United Kingdom
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Germany
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 France
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Italy
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Asia Pacific Bioplastic Packaging Market Analysis
12.1 China
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Japan
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 ASEAN
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Latin America Bioplastic Packaging Market Analysis
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Argentina
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Mexico
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Middle East and Africa Bioplastic Packaging Market Analysis
14.1 Saudi Arabia
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 United Arab Emirates
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Nigeria
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South Africa
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 NatureWorks LLC
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Arkema S.A
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Novamont S.p.A.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 BASF SE
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Corbion N.V.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Mitsubishi Chemical Corporation
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Braskem S.A.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Eastman Chemical Co.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Danimer Scientific, Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 SECOS Group Limited
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bioplastic Packaging Market: Key Industry Highlights, 2018 and 2032
2. Global Bioplastic Packaging Historical Market: Breakup by Material (USD Billion), 2018-2023
3. Global Bioplastic Packaging Market Forecast: Breakup by Material (USD Billion), 2024-2032
4. Global Bioplastic Packaging Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Bioplastic Packaging Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Bioplastic Packaging Historical Market: Breakup by Source (USD Billion), 2018-2023
7. Global Bioplastic Packaging Market Forecast: Breakup by Source (USD Billion), 2024-2032
8. Global Bioplastic Packaging Historical Market: Breakup by Type (USD Billion), 2018-2023
9. Global Bioplastic Packaging Market Forecast: Breakup by Type (USD Billion), 2024-2032
10. Global Bioplastic Packaging Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Global Bioplastic Packaging Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Global Bioplastic Packaging Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Bioplastic Packaging Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Bioplastic Packaging Market Structure
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