Press release
Bioplastic Packaging Market to Reach USD 36.10 Billion by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/1178/bioplastic-packaging-market.html#form
Market Statistics
• Market size (2022): USD 14.38 billion
• Forecast value (2028): USD 36.10 billion
• CAGR: 16.58%
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: 4 segmentation categories
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Material Type
• BIO-PET
• BIO-PE
• BIO-PA
• Other Bio-Based/Non-Biodegradable Material
• Starch Blends
• PLA
• PBAT
• PHA
• Other Biodegradable Materials
By Product Type
• Rigid Packaging
• Flexible Packaging
By End-Use Industry Type
• Food
• Beverage
• Pharmaceuticals
• Personal Care & Household Care
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
Within product type, the flexible packaging segment is both the dominant and faster-growing segment during the forecast period, capturing more than 50 % of the market owing to its extensive use in beauty & personal care products and beverage bottles where lightweight, customizable formats are preferred; suppliers focusing on flexible bioplastic solutions can therefore align closely with evolving packaging trends and grow their market share.
Regional Insights
Europe is identified as the largest region during the forecast period, holding more than 30 % of the global market share, driven by stringent environmental regulations, strong sustainability commitments from brands, and heightened consumer awareness of plastic pollution, which collectively incentivize adoption of bioplastic alternatives; businesses operating in or entering this region should align product strategies with regulatory frameworks and eco-certification standards to enhance competitiveness.
Market Drivers
• Increasing environmental concerns and climate change mitigation efforts pushing governments and organizations to shift towards bioplastic packaging.
• Regulatory measures aimed at reducing plastic waste and greenhouse gas emissions encouraging adoption of sustainable materials.
• Growing consumer and brand preference for eco-friendly and recyclable packaging solutions.
• Expansion of food, beverage, and personal care sectors demanding innovative packaging formats that are biodegradable.
• Technological advancements in bioplastic formulations enhancing performance and widening industrial applications.
Competitive Landscape
Top Companies in the Market
• Arkema S.A.
• BASF SE
• Braskem S.A
• Dow Chemical Company
• Innovia Films, Ltd
• Koninklijke DSM N.V.
• Metabolix, Inc.
• Nature Works
• Novamont S.p.A, LLC
FAQs
1.What was the bioplastic packaging market size in 2022 and how large will it be in 2028?
The bioplastic packaging market was valued at USD 14.38 billion in 2022 and is expected to reach USD 36.10 billion by 2028.
2.What growth rate is the bioplastic packaging market expected to achieve through 2028?
The market is projected to grow at a CAGR of 16.58 % during the forecast period.
3.Which product type leads the bioplastic packaging market?
Flexible packaging is the dominant and faster-growing product type segment, accounting for more than 50 % of the market.
4.Why is Europe significant in the bioplastic packaging market?
Europe is the largest regional market, driven by strict environmental regulations and strong consumer and corporate sustainability commitments.
5.Who are some top companies operating in the bioplastic packaging market?
Leading companies include Arkema S.A., BASF SE, Braskem S.A., Dow Chemical Company, Innovia Films, Ltd, Koninklijke DSM N.V., Metabolix, Inc., Nature Works, and Novamont S.p.A, LLC.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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