BPA Free Plastic Market Evolution: Adapting to Shifting Needs

Allied Market Research recently published a comprehensive report titled, "BPA Free Plastic Market by Material (PET, HDPE, LDPE, PP, Others), by Application (Food and Beverages, Consumer Goods, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global BPA-free plastic market generated $187.3 billion in 2021 and is projected to reach $299.6 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A31763

Key Drivers, Restraints, and Opportunities

Growth Drivers:

The increasing investments by government agencies in next-generation electric vehicles (EVs) and the automotive & defense sectors are driving the growth of the global on-demand logistics market. Additionally, significant capital inflows from key market players in emerging economies are expected to fuel further expansion.

Market Restraints:

The widespread availability of alternative products may challenge market growth over the coming years.

Opportunities:

Rising penetration of BPA-free plastics across industries such as personal care, food & beverage, consumer goods, and pharmaceuticals presents substantial growth opportunities.

Segment Highlights

By Material:

PET Segment:

Held nearly one-third of the global market in 2021 and is expected to remain dominant through 2031. Its popularity stems from its widespread use in producing plastic bottles due to durability, clarity, cost-effectiveness, and thermal stability.

HDPE Segment:

Projected to record the fastest growth with a CAGR of 5.5%. Its non-toxic nature and suitability for food-grade applications, including mixing and liquid control, make it ideal for various industries.

By Application:

Food & Beverages:

This segment accounted for over 40% of the market in 2021 and is projected to maintain its lead, also posting the highest CAGR of 5.2%. BPA-free plastics offer excellent flexibility, lightweight properties, and enhanced shelf life-key factors driving adoption in dairy packaging, kitchenware, closures, and candy packaging.

By Region:

Asia-Pacific:

Dominated the global market in 2021 with over half of the total share and is expected to remain the fastest-growing region with a CAGR of 5.2%. Growth is supported by:

- Rising consumption of packaged food

- Increasing demand for BPA-free materials in healthcare and cosmetics

- Rapid expansion of e-commerce and food delivery services post-pandemic

The report also provides detailed insights into North America, Europe, and LAMEA.

Top 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

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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.

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