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Bioplastic Packaging - Global Market Outlook (2019-2027)

Bioplastic Packaging - Global Market Outlook (2019-2027)

5.0 (34 reviews)
Published: July 2020 ID: SMRC19666
5.0 (34 reviews)
Published: July 2020 ID: SMRC19666

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Bioplastic Packaging Market is accounted for $15.51 billion in 2019 and is expected to reach $53.71 billion by 2027 growing at a CAGR of 16.8% during the forecast period. Factors contributing to the growth of the market are increasing support given by governments and growing awareness among the general population. However, the huge production price is hindering the growth of the market.

Bio-plastics are developed using biodegradable feedstock to reduce the problems caused by conventional plastics. The demand for conventional plastics is declining continuously because they are harmful to the environment. Furthermore, it is broadly dependent on the oil and gas industry for raw materials. Conventional plastics are increasingly becoming unpopular because they can last for a very long time, can be hazardous to current life and the ecosystem in general, and rely heavily on the oil and gas industry for raw materials. Conventional plastics are used in nearly all industries as material for casings, electronics, packaging, and many other products. This high volume of products made out of materials that will not be besmirched for centuries is creating a high level of concern, particularly in developing economies, and emerging ones are quickly following suit.

Based on the end-user, the packaging segment is going to have a lucrative growth during the forecast period owing to increased usage in the packaging industry for food packaging, pharmaceuticals packaging, and goods packaging. It is increasingly used in the single-use packaging materials such as shopping bags. Additionally, growth in consciousness about the surroundings pollution and ban on conservative plastics further improve the growth of the bio-plastics market.

By geography, Europe is anticipated to hold considerable market share during the forecast period due to the account of strict regulations against consumption and intake of non-recyclable non-biodegradable plastics, along with getting the popularity of sustainable packaging in manufacturing business. Europe has incentivized bioplastic packaging.

Some of the key players profiled in the Bioplastic Packaging Market include BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, IFS chemicals, NatureWorks LLC, Metabolix Inc., Arkema Group, Novamont S.p.A., Albis Plastics, Innovia Films, Biome Bioplastics Limited., Grace Biotech, and DaniMer Scientific LLC.

Products Covered:
• Non-biodegradable Biopolymers
• Biodegradable Polymers

Types Covered:
• Bio-Polyethylene Terephthalate (PET)
• Polylactide (PLA)
• Phosphate-Buffered Saline (PBS)
• Bio-Polypropylene (PP)
• Bio Polyamide (PA) 
• Bio-derived Polyethylene (PE) 
• Bio-Phosphatidylserine (PS) 
• Polyhydroxyalkanoates (PHA) 
• Starch Blends 
• Molded Fiber 
• Aliphatic-Aromatic Co-Polyester (AAC) 
• Water-Soluble Polymer (WSP) 
• Aliphatic & Aromatic Polyesters 
• Cellulose 
• Other Types 

Applications Covered:
• Plastic Bottles
• Films
• Bags
• Pouch & Sachet
• Cups
• Trays
• Clamshell

Packaging Solutions Covered:
• Rigid
• Flexible

End Users Covered:
• Food and Beverages
• Consumer Goods
• Pharmaceuticals
• Industrial Goods
• Packaging
• Cosmetics & Personal Care
• Other End Users

Technologies Covered:
• Injection Molding
• Bioplastic Directly Extracted from Biomass
• Pelletizing
• Non-Biodegradable Bio-Derived Thermoplastics
• Biodegradable Polymers Synthesized from Petrochemicals
• Bioplastic Synthesized from Bio-Derived Monomers
• Bioplastic Produced by Natural or Genetically Modified Organisms (GMO)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
-
Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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