Global Bioplastic Packaging Market Valued at USD 15.6 Billion in 2022, Expected to Grow at a CAGR of 17.5% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Bioplastic Packaging market size accounted for USD 15.6 Billion in 2022, growing at a CAGR of 17.5% from 2023 to 2033. The bioplastic packaging market refers to the market for packaging materials that are derived from renewable sources and are biodegradable or compostable. Bioplastics are an alternative to conventional plastics made from fossil fuels, and they aim to reduce the environmental impact associated with packaging waste. Increasing awareness about the negative environmental impact of traditional plastic packaging, such as pollution, waste accumulation, and contribution to greenhouse gas emissions, has led to a growing demand for more sustainable alternatives. Bioplastics offer the advantage of being derived from renewable resources and having a reduced carbon footprint compared to fossil fuel-based plastics.
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Key Highlights:
• The global Bioplastic Packaging Market size was valued at USD 15.6 billion in 2022 growing at a CAGR of 17.5% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Bioplastic Packaging Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Bioplastic Packaging market report also includes the following data points:
• COVID19 Impact on Bioplastic Packaging market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Bioplastic Packaging market
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Key Players
Some of the major Bioplastic Packaging players holding high market share include Amcor Plc., Novamont S.p.A, NatureWorks, LLC, and Coveris. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Amcor Plc.
• Novamont S.p.A
• NatureWorks, LLC.
• Coveris
• Sealed Air
• Alpha Packaging
• Constantia Flexibles
• Mondi
• Transcontinental Inc.
• ALPLA
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Bioplastic Packaging Market:
o Flexible
o Rigid
Market Segment By application with a focus on market share, consumption trend, and growth rate of the Bioplastic Packaging Market:
o Food & Beverages
o Consumer Goods
o Cosmetic & Personal Care
o Pharmaceuticals
o Others
Parameters Details
Market Size (2022) $ 15.6 Billion
CAGR (2023 to 2033) 17.5%
Market Segmentation Type, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Bioplastic Packaging Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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