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The global bioplastic packaging market size reached approximately USD 13.4 billion in 2022. The market is assessed to grow at a CAGR of 16.10% between 2023 and 2028 to attain a value of around USD 32.9 billion by 2028.
Bioplastic packaging solutions are made from natural or fossil materials that can be biodegraded by microorganisms. They are a sustainable alternative to conventional packaging solutions. They are typically obtained from cellulose, corn starch waste, cellulose, and textile and agriculture waste, among others. Such solutions find wide usage in different end-use sectors, including automotive, industrial goods, and construction, among others.
Based on material, the market is segmented into polyethylene (PE), polylactic acid (PLA), polyamides (PA), polytrimethylene terephthalate (PTT), starch blends, cellulose films, polypropylene (PP), and polyhydroxyalkanoates (PHA). On the basis of product type, the bioplastic packaging market segmentation includes rigid plastic packaging and flexible packaging.
By source, the market is bifurcated into GMO and non-GMO. On the basis of end uses, the market is categorised into packaging, fibres, automotive and transportation, consumer goods, agricultural goods, industrial goods (including electrical and electronics), and building and construction, among others. The major regional markets for bioplastic packaging include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global bioplastic packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
As per the bioplastic packaging market analysis, starch blends are widely used as raw materials in bioplastic packaging solutions. Starch blend bioplastics have excellent tensile strength and heat tolerance and are cost-effective and biodegradable. Due to their properties like low toxicity and biocompatibility, such solutions find wide usage in the medical and food and beverage sectors.
In the forecast period, polyhydroxyalkanoates (PHA) bioplastics are expected to witness an increased demand as they are made from microorganisms such as fungi, algae, and bacteria. Such plastics can be moulded in diverse forms and shapes, which is likely to surge their utilisation in the consumer goods and packaging sectors.
Europe represents a substantial bioplastic packaging market share due to the increasing focus by various governments to reduce greenhouse gas emissions. With growing energy costs and the surging attempts to reduce reliance on fossil fuels, the production of bioplastic packaging solutions is significantly expanding in the region. Increasing research and development activities by key players aimed at developing bioplastic packaging solutions from innovative raw materials are likely to further aid the market in the forecast period.
The introduction of stringent government policies aimed at eliminating the usage of single-use plastics and combating growing landfill waste issues in the Asia Pacific and North America is anticipated to fuel the bioplastic packaging market expansion in upcoming years.
Arkema S.A is a prominent manufacturer of speciality materials, including coating and adhesive solutions, advanced materials, and intermediates. Established in 2004, the company aims to develop sustainable and innovative materials required by advanced applications. Its products and solutions are widely utilised in several sectors, including mining, paints and coatings, and oil and gas, among others.
Eastman Chemical Co., headquartered in Tennessee, the United States, is a prominent speciality materials company. Since its establishment in 1920, the company has focused on providing innovative, safe, and sustainable solutions to customers. Its products are used in the consumer durables, transportation, and construction sectors, among others.
Corbion N.V. is a leading provider of lactic acid and its derivatives, functional enzyme blends, algae ingredients, and minerals, among others. The company also offers its advanced preservation and fermentation technologies to support customers in the personal care, food and beverages, bioplastics, and medical devices sectors.
Other bioplastic packaging market players include NatureWorks LLC, Novamont S.p.A., BASF SE, Mitsubishi Chemical Corporation, Braskem S.A., Danimer Scientific, Inc., and SECOS Group Limited, among others.
REPORT FEATURES | DETAILS |
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by Product Type |
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Breakup by Source |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2018-2022)
8.3 Global Bioplastic Packaging Market Forecast (2023-2028)
8.4 Global Bioplastic Packaging Market by Material
8.4.1 Polyethylene (PE)
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Polylactic Acid (PLA)
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Polyamides (PA)
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Polytrimethylene Terephthalate (PTT)
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Starch Blends
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Cellulose Films
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Polypropylene (PP)
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.8 Polyhydroxyalkanoates (PHA)
8.4.8.1 Historical Trend (2018-2022)
8.4.8.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Non-GMO
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Bioplastic Packaging Market by End Use
8.7.1 Packaging
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Fibres
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Automotive and Transportation
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Consumer Goods
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Agricultural Goods
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
8.7.6 Industrial Goods (including Electrical and Electronics)
8.7.6.1 Historical Trend (2018-2022)
8.7.6.2 Forecast Trend (2023-2028)
8.7.7 Building and Construction
8.7.7.1 Historical Trend (2018-2022)
8.7.7.2 Forecast Trend (2023-2028)
8.7.8 Others
9 Global Bioplastic Packaging Market by Region
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 North America Bioplastic Packaging Market Analysis
10.1 United States of America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Canada
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Europe Bioplastic Packaging Market Analysis
11.1 United Kingdom
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Germany
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 France
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Italy
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Asia Pacific Bioplastic Packaging Market Analysis
12.1 China
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Japan
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 India
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 ASEAN
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Australia
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Others
13 Latin America Bioplastic Packaging Market Analysis
13.1 Brazil
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Argentina
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Mexico
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Others
14 Middle East and Africa Bioplastic Packaging Market Analysis
14.1 Saudi Arabia
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 United Arab Emirates
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
14.3 Nigeria
14.3.1 Historical Trend (2018-2022)
14.3.2 Forecast Trend (2023-2028)
14.4 South Africa
14.4.1 Historical Trend (2018-2022)
14.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Bioplastic Packaging Historical Market: Breakup by Material (USD Billion), 2018-2022
3. Global Bioplastic Packaging Market Forecast: Breakup by Material (USD Billion), 2023-2028
4. Global Bioplastic Packaging Historical Market: Breakup by Product Type (USD Billion), 2018-2022
5. Global Bioplastic Packaging Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
6. Global Bioplastic Packaging Historical Market: Breakup by Source (USD Billion), 2018-2022
7. Global Bioplastic Packaging Market Forecast: Breakup by Source (USD Billion), 2023-2028
8. Global Bioplastic Packaging Historical Market: Breakup by Type (USD Billion), 2018-2022
9. Global Bioplastic Packaging Market Forecast: Breakup by Type (USD Billion), 2023-2028
10. Global Bioplastic Packaging Historical Market: Breakup by End Use (USD Billion), 2018-2022
11. Global Bioplastic Packaging Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12. Global Bioplastic Packaging Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Bioplastic Packaging Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Bioplastic Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Bioplastic Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Bioplastic Packaging Market Structure
In 2022, the market attained a value of nearly USD 13.4 billion.
The market is assessed to grow at a CAGR of 16.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 32.9 billion by 2028.
The market is being driven by the growing demand for sustainable plastic solutions, the rising usage of bioplastics made from starch blends, and the surging investments in high-performance biodegradable polymer blends by key players.
The introduction of stringent government regulations to ban the usage of single-use plastics and innovations to improve the functionality of bioplastics are key trends aiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major sources of bioplastic packaging are GMO and non-GMO.
The significant end uses of bioplastic packaging are packaging, fibres, automotive and transportation, consumer goods, agricultural goods, industrial goods (including electrical and electronics), and building and construction, among others.
The major players in the market are 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., and SECOS Group Limited, among others.
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