Austin, TX, USA, Aug. 01, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Bioplastics Packaging Market Size, Trends and Insights By Material (Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Starch Blends, Others), By Type (Rigid Packaging, Flexible Packaging), By Application (Bottles, Films & Sheets, Bags & Pouches, Trays & Containers, Others), By End-User Industry (Food & Beverage, Pharmaceuticals, Personal Care, Consumer Goods, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Bioplastics Packaging Market size & share was valued at approximately USD 15,815.2 Million in 2023 and is expected to reach USD 17,728.8 Million in 2024 and is expected to reach a value of around USD 51,357.1 Million by 2033, at a compound annual growth rate (CAGR) of about 12.5% during the forecast period 2024 to 2033.”
Click Here to Access a Free Sample Report of the Global Bioplastics Packaging Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=49756
Bioplastics Packaging Market: Growth Factors and Dynamics
- Increasing Environmental Concerns: Growing awareness about environmental issues, including plastic pollution and the need for sustainable packaging solutions, is a significant driver for the bioplastics packaging market. Consumers, businesses, and governments are increasingly favouring bioplastics over traditional plastics due to their biodegradability, composability, and reduced carbon footprint.
- Regulatory Support and Policies: Stringent regulations and policies aimed at reducing plastic waste and promoting sustainable packaging solutions are driving the adoption of bioplastics. Governments worldwide are implementing bans on single-use plastics and incentivizing the use of biodegradable and bio-based materials through regulations, taxation, and subsidies.
- Shift Towards Circular Economy: The transition towards a circular economy, where resources are used more efficiently and waste is minimized, is fueling the demand for bioplastic packaging. Bioplastics offer the potential for closed-loop systems, where products are designed to be recycled, composted, or biodegraded after use, thereby reducing reliance on finite fossil resources and mitigating environmental impacts.
- Technological Advancements: Ongoing research and development efforts in bioplastic materials and processing technologies are driving innovation in the bioplastic packaging market. Advancements in biopolymer formulations, processing techniques, and additive technologies are improving the performance, functionality, and cost-effectiveness of bioplastics, making them more competitive with conventional plastics.
- Growing Market Demand: Increasing consumer demand for eco-friendly products and sustainable packaging options is driving market growth for bioplastic packaging. Companies across various industries, including food and beverage, cosmetics, and consumer goods, are incorporating bioplastics into their packaging portfolios to meet consumer preferences for environmentally responsible products and differentiate their brands in the market.
- Expanding End-Use Applications: Bioplastics packaging is being utilized across a diverse range of end-use applications, including bottles, films, bags, trays, and containers. The versatility and compatibility of bioplastics with existing packaging processes and equipment enable their adoption across various industries and applications. Additionally, ongoing research and development are expanding the functional properties and application possibilities of bioplastics, further driving market growth.
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Bioplastics Packaging Market: Partnership and Acquisitions
- In 2022, LG Chem Ltd., Korea’s largest chemical firm, has partnered with US-based Archer Daniels Midland Co. (ADM) to construct two manufacturing plants in Illinois, US. These facilities will produce biodegradable plastics for food packaging applications, reflecting a commitment to sustainable solutions.
- In 2022, Taghleef Industries partnered with the Emirates Environmental Group (EEG) to foster environmental protection and sustainable community development in the Middle East. EEG, comprising professionals, focuses on environmental education, action programs, and community engagement to safeguard the environment.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 17,728.8 Million |
| Projected Market Size in 2033 | USD 51,357.1 Million |
| Market Size in 2023 | USD 15,815.2 Million |
| CAGR Growth Rate | 12.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Material, Type, Application, End-User Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Bioplastics Packaging report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Bioplastics Packaging report has been modified to include the COVID-19 impact study prior to delivery.)
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Bioplastics Packaging Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Bioplastics Packaging Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Supply Chain Disruptions: The COVID-19 pandemic led to disruptions in global supply chains, affecting the availability of raw materials and logistics for bioplastics production. Lockdowns, travel restrictions, and border closures hampered transportation and logistics operations, causing delays in the delivery of bioplastic products, and increasing production costs.
- Shift in Consumer Behavior: The pandemic has influenced consumer behavior, leading to changes in purchasing patterns and preferences. While there has been increased demand for packaged goods, particularly in the food and healthcare sectors, consumers have also become more conscious of hygiene and safety concerns, favoring packaging materials perceived as safer and more sustainable, such as bioplastics.
- Investment in R&D: Continued investment in research and development is essential for driving innovation in bioplastics technology, improving product performance, and expanding application possibilities. Developing bioplastics with enhanced properties such as barrier properties, mechanical strength, and heat resistance can help meet evolving market demands and compete effectively with traditional plastics.
- Diversification of Supply Chains: To mitigate the risks associated with supply chain disruptions, companies in the bioplastics packaging market can diversify their supplier base and establish strategic partnerships with multiple suppliers. Implementing robust supply chain management practices, including inventory optimization, demand forecasting, and contingency planning, can enhance resilience and ensure continuity of operations during crises.
- Adoption of Digitalization: Embracing digital technologies such as automation, data analytics, and digital supply chain platforms can improve operational efficiency, agility, and transparency in the bioplastics packaging industry. Digitalization facilitates remote collaboration, real-time monitoring of production processes, and optimization of resource utilization, enabling companies to adapt quickly to changing market conditions and customer requirements.
- Focus on Sustainability: Strengthening commitments to sustainability and circular economy principles can enhance the resilience and competitiveness of the bioplastics packaging market. Companies can optimize resource use, minimize waste generation, and promote the recycling and composting of bioplastic products to reduce environmental impacts and meet regulatory requirements.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Bioplastics Packaging Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
- What is the size of the Bioplastics Packaging market and what is its expected growth rate?
- What are the primary driving factors that push the Bioplastics Packaging market forward?
- What are the Bioplastics Packaging Industry’s top companies?
- What are the different categories that the Bioplastics Packaging Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Bioplastics Packaging market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Bioplastics Packaging Market – Regional Analysis
The Bioplastics Packaging Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, bioplastic packaging trends include a focus on sustainability and innovation. There’s a growing demand for bio-based and compostable packaging solutions driven by consumer preferences and regulatory initiatives. Additionally, investments in research and development are leading to the development of advanced bioplastic materials and packaging technologies.
- Europe: Europe leads in regulatory support and adoption of bioplastic packaging. The region emphasizes circular economy principles, driving the demand for recyclable and biodegradable packaging solutions. Trends include the implementation of Extended Producer Responsibility (EPR) schemes, incentivizing the use of bio-based materials and promoting eco-design principles to reduce plastic waste.
- Asia-Pacific: In the Asia-Pacific region, rapid industrialization and urbanization are driving the demand for sustainable packaging solutions. Trends include the expansion of bioplastics production capacity, particularly in countries like China and India, to meet the growing market demand. Additionally, increasing consumer awareness and government initiatives to combat plastic pollution are accelerating the adoption of bioplastic packaging.
- LAMEA (Latin America, Middle East, and Africa): The LAMEA region is witnessing a growing interest in bioplastic packaging due to rising environmental concerns and regulatory pressures. Trends include partnerships and collaborations between local governments, businesses, and international organizations to promote sustainable packaging solutions. Investments in infrastructure for bioplastics production and waste management are also driving market growth in the region.
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List of the prominent players in the Bioplastics Packaging Market:
- NatureWorks LLC
- BASF SE
- Corbion NV
- Novamont S.p.A.
- Braskem S.A.
- Arkema S.A.
- Mitsubishi Chemical Corporation
- Biome Bioplastics Ltd.
- FKuR Kunststoff GmbH
- Danimer Scientific
- Cardia Bioplastics Limited
- Plantic Technologies Limited
- Total Corbion PLA
- Innovia Films Ltd.
- Toray Industries Inc.
- Others
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The Bioplastics Packaging Market is segmented as follows:
By Material
- Polylactic Acid (PLA)
- Polyhydroxyalkanoates (PHA)
- Starch Blends
- Others
By Type
- Rigid Packaging
- Flexible Packaging
By Application
- Bottles
- Films & Sheets
- Bags & Pouches
- Trays & Containers
- Others
By End-User Industry
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Consumer Goods
- Others
Click Here to Get a Free Sample Report of the Global Bioplastics Packaging Market @ https://www.custommarketinsights.com/report/bioplastics-packaging-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Bioplastics Packaging Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Bioplastics Packaging Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Bioplastics Packaging Market? What Was the Capacity, Production Value, Cost and PROFIT of the Bioplastics Packaging Market?
- What Is the Current Market Status of the Bioplastics Packaging Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Bioplastics Packaging Market by Considering Applications and Types?
- What Are Projections of the Global Bioplastics Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Bioplastics Packaging Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Bioplastics Packaging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Bioplastics Packaging Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Bioplastics Packaging Industry?
Click Here to Access a Free Sample Report of the Global Bioplastics Packaging Market @ https://www.custommarketinsights.com/report/bioplastics-packaging-market/
Reasons to Purchase Bioplastics Packaging Market Report
- Bioplastics Packaging Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Bioplastics Packaging Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Bioplastics Packaging Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Bioplastics Packaging Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Bioplastics Packaging market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Bioplastics Packaging market analysis.
- The competitive environment of current and potential participants in the Bioplastics Packaging market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Bioplastics Packaging market should find this report useful. The research will be useful to all market participants in the Bioplastics Packaging industry.
- Managers in the Bioplastics Packaging sector are interested in publishing up-to-date and projected data about the worldwide Bioplastics Packaging market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Bioplastics Packaging products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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