Press release
Bioplastic Packaging Market Outlook to 2025 - Braskem, Corbion N.V., Cardia Bioplastic Packaging, NatureWorks LLC, Arkema, Novamont S.p.A., BASF SE, Evonik Industries AG, Koninklijke DSM N.V.
The Future of Bioplastics for Packaging to 2025
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.
Few of the key players profiled in the bioplastic packaging market report are NatureWorks LLC, Arkema, Novamont S.p.A., BASF SE, Braskem, Corbion N.V., Cardia Bioplastic Packaging, Evonik Industries AG, Koninklijke DSM N.V., and Dow Chemical Company among others.
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The demand for bioplastic packaging is largely influenced by a number of factors mainly due to increasing awareness among customers about the adverse impact of conventional plastics, rising government support for the incorporation of bioplastic in packaging, and surge in need for sustainable packaging solution.
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.
The report focuses on in-depth segmentation of bioplastic packaging market by product, type, application, and regions. The geographic segmentation of this report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market on bioplastic packaging has been further bifurcated by respective countries. On the basis of product, starch blends accounted for the largest market share of the bioplastic packaging market in 2017 in terms of revenue and volume. Starch blends are the most common biomass source used for deriving bioplastics and it is a natural polymer that can be combined with several materials.
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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