Bioplastic Packaging Market business outlook, revenue, trends and forecasts 2025

Bioplastic packaging uses plastics that are manufactured from biomass sources. The sources of these plastics are renewable such as corn starch, vegetable oils, and microbes. Bioplastics are gaining significant traction. This can be attributed to increasing consumer awareness regarding use of bioplastics coupled with innovative product development, which offers improved product performance. The food and beverages end-use industry is the largest consumer of bioplastics. Rampant use of conventional plastics has contributed to land, air and water pollution. The use of bioplastics is expected to reduce the issue of pollution arising from the use of conventional plastics.

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A bioplastic is a biodegradable group of polymers that are manufactured using renewable-based sources. Conventional plastics is hazardous due to the impact on the environment and their heavy reliance on the oil and gas industry for raw materials such as naphtha. Conventional plastic is widely used for packaging of casings, electronics, and food products, amongst others. This, in turn, is negatively impacting the environment, leading to increasing land and marine pollution.

Europe held the largest market share in the global bioplastic packaging market in 2016. This is owing to high consumer awareness, supportive government initiatives, and continuous innovation in biodegradable packaging the market. Stringent regulations over conventional plastic use in food, beverage, and medical packaging has led to increasing adoption of these. Under the Plastic Bags Directive in the EU, consumers cannot use more than 90 bags a year by 2019, down from the EU average of 200 bags a year.

Detailed Segmentation:

Global Bioplastic Packaging Market, By Product Type:
TPS
PLA
PHA
Bio-PE
Bio-PA
Bio-PET
Bio-PP
Others

Global Bioplastic Packaging Market, By Application:
Food & Beverages
Consumer Goods
Pharmaceutical
Industrial Goods
Others

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Some of the major players operating in the global bioplastic packaging market are BASF SE, Koninklijke DSM N.V., NatureWorks, LLC, Metabolix, Inc., and The Dow Chemical Company., among others.

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