Bioplastic Packaging Market Trends to 2025 Leading by Cardia Bioplastic Packaging, Evonik Industries AG, NatureWorks LLC, Arkema, Novamont S.p.A.

Increasing awareness among customers about the adverse impact of conventional plastics, push the demand for bioplastic packaging market. Bioplastic Packaging market is expected to grow US$ 25,395.8 million by 2025 from US$ 4,399.7 million in 2017. By volume, the global bioplastic packaging is expected to reach 3,953.0 thousand tons by 2025.

The major driving factors for bioplastic packaging market are increasing awareness among customers about the adverse impact of conventional plastics, surge in need for sustainable packaging solution, and rising government support for the incorporation of bioplastic in packaging. Today, customers are more aware about the adverse impact of conversional plastic on their lifestyle. Thus, consumers are demanding for more environmentally friendly products which decrease the usage of petroleum and natural gas, thereby, reduce the carbon footprints. bioplastic is an alternative for nearly every conventional plastic material in diverse applications. Bioplastics offer innovative solutions with enhanced properties along with distinctive ability to reduce emissions and provide same qualities and functionalities as that of conventional plastic.

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Leading Players:

- NatureWorks LLC
- Arkema
- Novamont S.p.A.
- BASF SE
- Braskem
- Corbion N.V.
- Cardia Bioplastic Packaging

Currently, the market players are more focused on finding innovative manufacturing technologies and processes for the formulation of bioplastic packaging materials in order to support biological cycle and to gain competitive pricing platform. For instance, on 14 June 2017, NatureWorks has signed a contract to license chemical processing technology for the production of D-lactic acid. This technology provides the company with low cost route which helped to gain competitive position in this market with cost effective materials. Along with this, there is an emergence of novel bioplastic materials i.e. polyethylene furanoate (PEF) which currently is in its development stage. PEF is expected to significantly use for packaging applications in alcoholic beverages, milk, soft drinks, and fresh tea or water, and other non-food products owing to its superior thermal properties. Thus, emergence novel products and development of innovative processes is expected to provide significant growth opportunity to market players in global bioplastic packaging market.

The report aims to provide an overview of global bioplastic packaging market with detailed market segmentation. Also, it analyzes the current bioplastic packaging market scenario and forecasts the market to 2025. The report further covers market dynamics affecting the bioplastic packaging market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report on bioplastic packaging market also provides PEST along with the SWOT analysis for all company profiled in the report.

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On the basis of types, the rigid packaging is the dominant sector rigid packaging is implemented by manufacturers of cosmetic goods, as well as beverage bottles among others. Materials including bio-PE, PLA or bio-PET are commonly used in rigid bioplastic packaging. Several globally recognized brands such as Vittel, Coca-Cola, Volvic and Heinz provide their products (fluids and drinks) in bio-PET bottles. Further, Johnson & Johnson and Procter & Gamble have also started using bio-PE to package their goods. The adoption of PLA, being a potentially recyclable material, is gaining pace in the bioplastic rigid packaging market. On the basis of application, the bioplastic packaging market is dominated by food & beverages segment with the use of rigid and flexible packaging. Rigid packaging in F&B industry includes packaging of PET bottles for water, sold, juices and milk. Starch and PLA are commonly used as biodegradable materials used for packaging in the F&B industry. In August 2018, Iceland Foods Ltd., a U.K. based supermarket chain announced its plans to eliminate the use of plastic packaging by 2023. This is expected to impact several F&B suppliers to move towards bioplastic packaging.

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