Bioplastics Packaging Market 2021-2024: Growth Drivers, Business Statistics, Top Region with Share, and Revenue Analysis

Bioplastics Packaging

The “Bioplastics Packaging Market” Report provides a thorough examination of the market. The Bioplastics Packaging Market research investigates how firms in the Bioplastics Packaging Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Bioplastics Packaging market report.

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Competitor Analysis:

Bioplastics Packaging market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Dow Chemical Company
  • BASF SE
  • Eastman Chemical Company
  • Royal DSM
  • IFS Chemicals Ltd.
  • NatureWorks LLC
  • Arkema Group
  • Metabolix Inc.
  • Novamont SpA
  • Albis Plastics GmbH
  • Biome Bioplastics Limited
  • Innovia Films
  • FKuR Ploymers GmbH
  • DaniMer Scientific LLC
  • Grace Biotech Corporation

    Market Overview:

  • Bioplastics have been developed to mitigate the complications instigated by conventional plastics. Bioplastics are prepared from the biodegradable feedstock, which means they can reduce into the soil like any other biological and organic matter. The market for bioplastic packaging has been driven by the increasing awareness about the adversative effects of conventional plastics, which has steered to both consumers and regulatory bodies to opt for bioplastics in its place. Bio-PET and polylactic acid are the main types of bioplastics used for packaging globally.
  • – According to European Bioplastics, in 2018, global production volumes of bioplastics amounted to about 2.11 million tons with almost 65% of the volume intended for the packaging market considered as the major market segment within the bioplastics business. Fluctuating preference from synthetically derived chemicals yields to eco-friendly substitutes is anticipated to fuel the bioplastic packaging market.
  • – Chemical manufacturers have augmented their spending for the development of bio-based chemicals with a key intention to decrease dependence on petrochemical feedstocks which is projected to surge the availability of raw materials for bioplastic packaging products.
  • – More than 200 million tons of waste is produced by plastics triggering major landfill issues. Manufacturers of packaging products are focussing on growing the use of bioplastic packaging, which can decrease this plastic waste to a greater extent.
  • – R&D efforts to multiply the use of different raw materials such as PBS, PLA, and PBAT in several mainstream packaging applications are also on the increase, with notable results.

    Key Market Trends:

    Rigid packaging to Holds Dominant Position in Market

    – Rigid bioplastics applications are available for cosmetics packaging of compact powders, lipsticks, and creams, as well as beverage bottles. Large application base increases the scope for demand. Materials such as bio-based PE, PLA, or bio-based PET are used in this section.
    – Several well-known brands such as Vittel, Coca-Cola, Heinz or Volvic use bio-based PET for bottles of all sizes comprising sparkling drinks and other, non-gaseous fluids and solutions. Johnson & Johnson and Procter & Gamble rely on bio-based PE to package diverse kinds of cosmetic products.
    – The great percentage of bio-based material in these products and the capability to combine them with recyclates from conventional PE and PET has resulted in a decisive growth in resource efficiency and a drop of Carbon dioxide releases.
    – As a potentially instinctively recyclable material, PLA is also achieving market share in the rigid packaging segment. With rising volumes, a distinct recycling stream will become economically feasible, and the beneficial and advantageous environmental potential of PLA will be further augmented.

    European Region Dominates the Market

    – Europe is presently among the principal regional markets for bioplastic packaging. The EU has been supportive and helpful of numerous environmental protection initiatives and many countries in Europe have incentivized bioplastic packaging, driving and motivating the regional bioplastic packaging market.
    – Also, Europe is expected to be one of the biggest markets for bioplastic packaging over the forecast period on 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.
    – Helpful government policies in Europe that include Europe 2020 strategy which supports bio-economy inspire public authorities to give preference and inclination towards tracking down of biobased products and allowing member states to decrease taxes for biobased products.
    – The European Commission had previously presented an action plan on bio-economy to promote the consumption and manufacture of bio-based chemicals at a domestic or national level. The plan is intended for the development of innovative processes and technologies for manufacturing bioplastics resources or materials through the financing of pilot plants and increasing public-private partnerships.

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    Scope of the Report:

    Biodegradable plastics or compostable plastics are a type of plastic that decomposes and decays naturally in the environment. This is attained when microorganisms in the environment metabolize, digest and break down the structure of that plastics to be carbon dioxide, water, biomass, and no harmful and unsafe materials remain in the environment. In this context, the development and expansion of packaging made from bioplastics that are manufactured from renewable versus fossil resources and that can be naturally recycled and reused, seems promising.

    Highlighted points of Bioplastics Packaging Market Report:

    • Varying dynamics of the Bioplastics Packaging industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Bioplastics Packaging market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Bioplastics Packaging market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Bioplastics Packaging Market report:

    • The Bioplastics Packaging market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Bioplastics Packaging market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Bioplastics Packaging market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Bioplastics Packaging Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Stringent Government Regulations against the Use of Conventional Plastics
    4.3.2 Increased Usage of Green Products, Sustainability and Inclination for Environment Protection
    4.4 Market Restraints
    4.4.1 High Production and Usage Cost
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Non-biodegradable Biopolymers
    5.1.2 Biodegradable polymers
    5.2 By End-user Application
    5.2.1 Food & Beverages
    5.2.2 Consumer Goods
    5.2.3 Pharmaceutical
    5.2.4 Other End-user Applications
    5.3 By Packaging Solutions
    5.3.1 Rigid Packaging
    5.3.2 Flexible Packaging
    5.3.3 Other Packaging Solutions
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Dow Chemical Company
    6.1.2 BASF SE
    6.1.3 Eastman Chemical Company
    6.1.4 Royal DSM
    6.1.5 IFS Chemicals Ltd.
    6.1.6 NatureWorks LLC
    6.1.7 Arkema Group
    6.1.8 Metabolix Inc.
    6.1.9 Novamont SpA
    6.1.10 Albis Plastics GmbH
    6.1.11 Biome Bioplastics Limited
    6.1.12 Innovia Films
    6.1.13 FKuR Ploymers GmbH
    6.1.14 DaniMer Scientific LLC
    6.1.15 Grace Biotech Corporation

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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