Bioplastics Packaging Market is projected to reach ~US$ 8,913.1 Mn by the end of 2033

The worldwide bioplastics packaging market was estimated to be worth close to US$ 7 Bn in 2021, and Persistence Market Research's most recent industry analysis predicts that it would grow by 2.4X by the end of the decade.

According to this industry intelligence assessment, the market for bioplastic packaging is expected to grow at an impressive 14% CAGR over the next 10As environmental consciousness grows, packaging solutions are under pressure to undergo a significant revolution. This new emphasis is on sustainability. The dominant trend in the packaging industry will be biodegradable and sustainable packaging.

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Important topics covered in the Bioplastics Packaging Industry Survey include
• market projections for 2016-2031.
• Primary market growth-restraining factors
• Regional, national, and segmental analyses
• benchmarking and competition mapping
• Analysis of market and brand share
• Key product developments and the regulatory environment
• Impact of COVID-19 on sales of bioplastic packaging and how to proceed
• Recommendations for effective winning tactics

Growing trend of sustainability in different aspects of packaging is driving the market for bioplastics packaging. Food & beverage industries are known to be the leading consumers of bioplastics packaging owing to growing reluctance to plastic packaging with high risk of contamination and the huge application of packaging products.

The growing consumer preference for organic and natural polymers in food packaging is also positively influencing the adoption rate of these sustainable packaging solutions in the food & beverage sector. The global market is projected to exhibit 14% CAGR over the next ten years. Besides consumer awareness, augmenting government initiatives encouraging the use of eco-friendly packaging products in different countries is bolstering the market growth.

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Segment Analysis
Food & beverages, and catering are the key applications segmented in the global bioplastics packaging market. PLA and starch bases bioplastics are expected to be influenced by incorporation of nanotechnology-based packaging that makes them environmentally safe and ensures the safety of products as well.

By Application
• Food
• Beverages
• Catering

By Product
• Bio-PET
• PLA and PLA Blends
• Starch Blends
• Other biodegradables

By Region
• North America
• The U.S.
• Canada
• Europe
• Germany
• The U.K.
• France
• Asia Pacific
• China
• Japan
• Rest of Asia Pacific
• Rest of the World (RoW)

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Key Market Players
Since few companies participating in the growth of global bioplastics packaging market, contribution of each one of them is highly-instrumental towards market expansion. And, a stiff competition is being anticipated among such companies with respect to accounting for larger market share.

Some of the key companies profiled in the global bioplastics packaging market include, Metabolix, Inc., The Dow Chemical Company (Dow), Novamont S.p.A, NatureWorks, LLC, Innovia Films, Ltd, Braskem S.A, BASF SE (Badische Anilin- und Soda-Fabrik), Arkema S.A., and Koninklijke DSM N.V., among others.

FAQ'S
• Which countries are the key exporters of bioplastics packaging?
• Which trends are shaping the bioplastics packaging marketplace?
• What portion of the market is captured by the top 5 players?
• How did the market perform in the past 5 years?
• Which nations are leading the production of bioplastics packaging?

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The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.

This release was published on openPR.