BPA Free Plastic Market Venturing Ahead Unearthing the Future of Market Size Dynamics

According to Allied Market Research, the global BPA free plastic industry generated $187.3 billion in 2021 and is projected to reach $299.6 billion by 2031, experiencing a CAGR of 5% from 2022 to 2031. The comprehensive report covers changing market trends, key segments, investment opportunities, value chains, regional landscapes, and competitive scenarios.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/32213

Key Drivers, Restraints, and Opportunities

Drivers:

Increased government investment in next-generation electric vehicles (EVs) and the automotive & defense sectors.
Major players investing in emerging economies.

Restraints:

Availability of substitute products.

Opportunities:

Growing use of BPA free plastic in personal care, consumer goods, food & beverage, and pharmaceutical sectors.

Market Segmentation

By Material:

- PET: Held nearly one-third of the market share in 2021 due to its durability, clarity, lightweight nature, and cost-effectiveness. PET is widely used in plastic bottle production and is expected to maintain leadership during the forecast period.

- HDPE: Projected to exhibit the fastest CAGR of 5.5%. HDPE's suitability for various industries, particularly food, drives its rapid growth.

By Application:

Food and Beverages: Dominated the market with over two-fifths of the share in 2021 and is expected to register the highest CAGR of 5.2%. BPA-free plastics are favored for their flexibility, cost-effectiveness, and ability to extend shelf life in food packaging.

Regional Analysis

Asia-Pacific:

- Held over half of the global market share in 2021 and is expected to continue dominating through 2031.
The market is driven by rising consumption of BPA free plastic products in cosmetics, personal care, healthcare, and food industries.

- Increased e-commerce activity and lifestyle changes post-COVID-19 have further stimulated market growth in the region.

Other Regions:

- The report also examines markets in Europe, North America, and LAMEA.

Leading Market Players

- Altium Packaging
- Amcor plc
- Conagra Brands, Inc.
- Eastman Chemical Company
- Orthex Group
- Plastipak Packaging, Inc.
- PPG Industries, Inc.
- Taiyuan Lanlang Technology Industrial Corp.
- Thermo Fisher Scientific Inc.
- Water Boy, Inc.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/bpa-free-plastic-market-A31763

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.