Bioplastics Packaging Market Size, Status and Global Outlook 2020-2025 | The Dow Chemical Company (Dow), Toray Industries, BASF

The Global Bioplastics Packaging Market Research Report Forecast 2020 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Bioplastics Packaging market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehend Bioplastics Packaging data that enhances the understanding, scope, and application of this report.

The bioplastics packaging market is expected to register a CAGR of 14.93% over the forecast period 2020 - 2025.

According to the Society of the Plastics Industry (SPI), Bioplastics Council defines bioplastics as a plastic that is biodegradable, has biobased content, or both. Bioplastics materials consist of materials with differing properties. The three main groups are Bio-based, non-biodegradable materials, such as bio-PE, bio-PET, and bio-PEF, Bio-based and biodegradable materials, such as PLA, PHA or starch blends, Fossil-based and biodegradable materials.

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 Top Key Players in the Global Bioplastics Packaging Market are The Dow Chemical Company (Dow), Novamont, NatureWorks, Innovia Films, Braskem, Toray Industries, Inc., BASF, Arkema, Koninklijke and others.

Recent Development:

- In June 2020 - BASF SE expands its packaging coatings production to South China. The expansion will complement the production capacities in Shanghai, which primarily serve the market in the East China region. The move will support the fast-growing packaging industry in South China and help customers reduce lead-times by offering proximity between production and point of use. This also reduces energy consumption and CO2 emissions due to the shorter transportation distance.

- In May 2020 - Toray Industries, Inc., announced that it has created a high tensile modulus carbon fiber and thermoplastic pellets that are ideal for injection molding employing that fiber. The pellets can enable the efficient production of complex, rigid parts that are also light, thereby lowering environmental impact. These advances could greatly enhance cost performance.

Key Market Trends:

Rigid Packaging to Hold Dominant Position in the Market

- Rigid bioplastics are used for cosmetics packaging of compact powders, lipsticks, and creams, as well as beverage bottles. A broad 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 making bottles of all sizes comprising sparkling drinks and other non-gaseous fluids and solutions. Major companies, like Johnson & Johnson and Procter & Gamble, rely on bio-based PE to package several cosmetic products.

- Moreover, in January 2019, Coca-Cola announced plans to open the company’s PlantBottle IP that is made partially from plants. It has enabled the company to reduce the dependence on non-renewable resource - petroleum to competitors in the beverage industry.

- The significant percentage of bio-based material in these products and the capability to combine them with suitable recyclates from conventional PE and PET have resulted in a decisive growth in resource efficiency and a decrease in carbon dioxide releases.

- As a potentially instinctively recyclable material, PLA is also achieving market share in the rigid packaging segment. With the rising volumes, a distinct recycling stream will become economically feasible, and the beneficial and advantageous environmental potential of PLA will be further augmented.

Regional Analysis:

Europe Holds the Maximum Market Share

- The consumers in the region are increasingly becoming aware of the effect of plastic & non-biodegradable packaging on the environment. The demand for green packaging, including bioplastics packaging, is on the rise in the country.

- According to european-bioplastics.org, in Europe, 50% of goods are being packaged in plastic that impacts the environment on a large scale. Therefore, the government and the related regulatory bodies are increasingly coming up with initiatives that promote and incentivize the use of bioplastics for packaging in the region.

- In July 2019, the Department for Business, Energy and Industrial Strategy (BEIS) announced a EUR 60 million government investment to boost research and development (R&D) accompanied by an expected EUR 149 million from businesses. In a move that would see the development of new forms of packaging made from plants, wood chippings, and food waste, reducing the carbon impact associated with oil-based plastics. The government’s objective of transitioning from a fossil-based economy to a bio-economy would fuel the adoption of the bioplastics in the region over the forecast period.

- In 2019, according to the European bioplastics, retailers across the region such as Rossmann, Aldi, Coop, and Carrefour were using single or multi-use carrier bags made from bioplastics. Such instances are indicative of the fact that the market is poised to grow over the forecast period. The market in the region is witnessing increasing investments by the players in the region. In December 2019, Stora Enso invested EUR 9 million to build a pilot facility for enabling the production of bio-based plastics as a barrier in transparent packaging.

- Similarly, in November 2019, Novamont announced a ten million-euro investment program, as part of the expansion and diversification of its production plant in Terni (Italy). This would see the production of fifth-generation MATER-BI (biodegradable and compostable bioplastics) and a series of products with oxygen and carbon dioxide barrier properties for the food packaging sector.

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Highlights of TOC:

Market Overview: It starts with product overview and scope of the Global Bioplastics Packaging market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Bioplastics Packaging market size analysis for the review period 2015-2025.

Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Bioplastics Packaging market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.

Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.

Market Dynamics: Readers are provided with a comprehensive analysis of Bioplastics Packaging market challenges, influence factors, drivers, opportunities, and trends.

Market Forecast: Here, the Bioplastics Packaging report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.

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