The Bioplastics Packaging market report defines CAGR value fluctuation during the forecast period of 2019 – 2026 for the market. This report is very reliable as all the data and the information regarding the industry is collected via genuine sources such as websites, journals, annual reports of the companies, and magazines. Besides this, it Bioplastics Packaging categorizes the breakdown of global data by manufacturers, region, type and application, and also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.
Bioplastics packaging market is expected to rise to an estimated value of USD 41.71 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in demand for durable packaging products, as well as initiatives undertaken by the governments of various regions to promote the manufacturers producing bioplastics packaging products.
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Bioplastics are a special category of plastic which are sourced or created from renewable biodegradable products, such as oils, cellulose, starch, fats, straws, alcohols, acid, etc. Although it isn’t just sourced from these materials they are produced from recyclable plastics as well. They are degradable, and are already in consumption from different industrial verticals such as consumer goods, pharmaceutical and food & beverages market.
Increasing concerns and regulations regarding the usage of plastics from the various authorities is expected to drive the market growth
Technological advancements and innovations pertaining to the products, and the raw materials utilized in the production of bioplastics; this factor is expected to drive the market growth
Expansion of production capabilities in the developing regions of the world is expected to drive the growth of the market
Key Market Competitors: Global Bioplastics Packaging Market
Few of the major competitors currently working in the bioplastics packaging market are
- BASF SE
- Koninklijke DSM N.V.
- Novamont S.p.A.
- ALBIS PLASTIC GmbH
- NatureWorks LLC
- CCL Industries
- Mitsubishi Chemical Corporation
- ECM BioFilms
- Eastman Chemical Company
Other Players Are FKuR Kunststoff GmbH; VIRENT, INC.; Danimer Scientific; IFS Group; Biome Bioplastics; Tetra Pak International S.A.; Berry Global Inc.; Mondi; Amcor Limited; Uflex Limited; ALPLA; Barbier Group; Plastipak Holdings, Inc.; TORAY INDUSTRIES, INC. and Cardia Bioplastics.
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Key Developments in the Market:
In February 2019, BIO-ON announced that they had agreed with Innova Imagen SA de CV for the production of (PHA) polyhydroxyalkanoate biopolymers in Mexico. The agreement terms are the construction of a production plant in Mexico for the production of polyhydroxyalkanoate biopolymers. The agreement also includes the licensing of BIO-ON’s PHA technology for which they are expected to receive approximately USD 56.7 million.
In December 2018, BIO-ON announced the creation of a new company “ZEROPACK” in collaboration with Rivoira which has acquired worldwide licensing of patents for bioplastic packaging goods and products for 10 million Euros. The creation of this company is aimed at providing the distributors with a regular supply of bioplastics packaging goods for use in food & beverage sectors.
Segmentation: Global Bioplastics Packaging Market
PLA & PLA Blends (Polylactic Acid & Polylactic Acid Blends)
TPS (Thermoplastic Starch)
PBS (Polybutylene Succinate)
Aliphati & Aromatic Polyesters
AAC (Aliphatic-Aromatic Co-Polyester)
WSP (Water-Soluble Polymer)
PBAT (Polybutylene Adipate Terephthalate)
By Application Type
Pouch & Sachet
By Extraction Technology
Non-Biodegradable Bio-Derived Thermoplastics
Bio-Derived Monomers Synthesization
Natural or GMO
Food & Beverages
Electrical & Electronics
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
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