Posted by Global Bioplastics Packaging Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Bioplastics packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Bioplastics packaging market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global bioplastics packaging market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.03% during 2023-2028.
Bioplastic packaging pertains to packaging materials crafted from bioplastics, which originate from renewable sources such as plants, vegetable oils, or starch. This eco-friendly alternative boasts a lower carbon footprint and greater biodegradability and compostability when compared to conventional plastics derived from fossil fuels. Bioplastic packaging manifests in diverse shapes, including bottles, containers, bags, and films, serving various purposes like enclosing seeds, fertilizers, and other agricultural items, thus fostering sustainable agricultural methods. Its wide-ranging utility spans industries such as food and beverage, cosmetics, and medical products.
Global Bioplastics Packaging Market Trends and Drivers:
The global market is witnessing significant growth, driven by several key factors. Firstly, the increasing utilization of bioplastic packaging in the cosmetics industry, encompassing containers for creams, lotions, foundation, perfume, cologne, shampoo, conditioners, shower gels, and various beauty products, is a primary contributor to this growth. Additionally, the food and beverage (FB) sector is increasingly embracing bioplastic packaging for items like fresh produce, snacks, and beverages, providing a renewable and compostable packaging solution, thereby further fueling market expansion. Moreover, the catering and hospitality sectors are adopting bioplastic packaging for disposable plates, cutlery, and containers, effectively reducing single-use plastic waste, which is a positive influence on the market’s growth trajectory.
Global Bioplastics Packaging Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: ALPAGRO Packaging, Amcor plc, Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Braskem S.A., Eastman Chemical Company, Koninklijke DSM N.V., Mondi PLC, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A, Tetra Laval International SA, TIPA Corp Ltd. and WestRock Company.
The report segmented the market on the basis of region, product type, packaging type and end user.
Breakup by Product Type:
- PLA
- TPS
- PHA
- Bio-PE
- Bio-PA
- Bio-PET
- Bio-PP
- Others
Breakup by Packaging Type:
- Flexible Plastic Packaging
- Rigid Plastic Packaging
Breakup by End User:
- Food
- Beverages
- Consumer Goods
- Pharmaceuticals
- Industrial Goods
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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