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Pulished Date January, 2020
ID: 9123
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Bioplastic Packaging Market Analysis – By Product Type (Biodegradable Polymers, Non-biodegradable Polymers), By Application (Food & Beverages, Consumer Goods, Pharmaceuticals, Catering), By Packaging Type (Rigid, Flexible), and By Region – Global Industry Analysis Size, Growth, Trends, Demand Forecast Research Report 2020-2025

Pulished: January, 2020
ID: 9123
Pages: 145

Bioplastic Packaging Market Overview:

Bioplastic Packaging Market size is expected to reach USD 40 billion by 2025, increasing from USD 15 billion in 2019, with a CAGR of around 14.9% throughout the forecast period.

Bioplastic packaging is considered as an answer to the long-time non-degradability issue related to regular plastic products. These bioplastics are made from agriculture by-products, vegetable fats, oils, sugarcane, and others, which can be easily decomposed in a short time. The increasing awareness across the world about the hazardous effects of petroleum and natural gas-derived plastic products to both humans and the environment has accelerated the need for bioplastics.

Bioplastic Packaging Market Drivers and Restraints:

The global bioplastic packaging market is majorly driven by the concerns related to the regular plastic that takes several years to decompose. The dumping of plastic products in water and land has affected the ecosystem and also the terrestrial and aquatic creatures. This condition has resulted in the development of alternative solutions to plastic, such as bioplastics. The increasing demand from the food and beverages segment for an affordable and efficient packaging system propels the global bioplastic packaging industry. The rising consumer preference for organic and eco-friendly packaging solutions for food products, along with stringent government regulations like the ban of traditional plastic products has acted as a catalyst for the rapid development of the bioplastic packaging business.

Market Challenges:

On the other hand, there are also a few challenges associated with this industry, such as the use of chemicals in the manufacturing of bioplastics that can be harmful in nature. In addition, the increased complexities in the separation of these materials from disposal sites are also acting as a significant deterrent to business expansion.

Recent developments in the market:

  1. The Malaysian government has issued 432 warning notices, and 1,156 compound notices to business in 2019 that do not comply with the usage of biodegradable products. Around 2,700 firms witnessed strict actions for not using bioplastic packaging.
  2. The renowned packaging company Tetra Pak is ready to introduce its plant-based packages in the market after its recent achievement of certification for all its bioethanol derived entirely from sugarcane.
  3. In 2018, Just Eat collaborated with Skipping Rocks Lab, an edible-packaging start-up company to test the usage of ketchup packets that are made from seaweed extracts. 
  4. Thailand is projected to become a production hub for bioplastics in the coming years, attributing to favorable government regulation, available resources and huge investments from the domestic and foreign brands in the nation. 

Market segmentation:

The bioplastic packaging market is segmented on the basis of product type, packaging type, and end-user.

By Product Type:     

  • Biodegradable Polymers
  • Non-biodegradable Polymers

By Application:

  • Food & Beverages
  • Consumer Goods
  • Pharmaceuticals
  • Catering

By Packaging Type:

  • Rigid
  • Flexible

Segmentation Growth Insights:

Product Analysis:

Based on product type, the biodegradable polymers segment is predicted to garner the highest growth rate in the coming years, owing to the increasing consumer preference for eco-friendly and edible packaging options. The growing advances in technology have supported the manufacturing of plastic products from biodegradable polymers, which will revolutionize the existing scenario in the food and beverage industry.

Application Analysis:

On the basis of application, the food & beverages segment accounted for the dominant share in the global bioplastic packaging market in the review period and the same is expected to continue in the foreseen years. The rise in investments by leading giants in the F&B sector has resulted in the increased demand for biodegradable packaging solutions like bioplastics. With more consumer approval, the bioplastics market will witness tremendous need even in other industries like consumer goods, pharmaceuticals, catering, and so on.

Packaging Type Analysis:

Based on the packaging type, the rigid bioplastic packaging segment will register a noteworthy growth rate in the estimated period, attributing to the augmenting demand for such packaging in foodservice and fast-food joints around the world. The increasing culture of food takeaways has fuelled the demand for rigid packaging, which can prevent food from any external damage.

Geographical Insights:

Geographically, the global bioplastic packaging market is segregated in the regions of North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America.

Europe's bioplastic packaging market is predicted to rule the global business in the forecast period due to the favorable government policies on the usage of biodegradable products and growing consumer awareness. The Asia Pacific bioplastic packaging market is likely to witness the highest growth rate in the same period. The growing packaging industry, supported by the growth in the food and beverages and pharmaceutical sectors in the nations like India, China, Japan, etc., has created an immense growth potential for the bioplastic packaging manufacturers in the Asia Pacific region. The availability of raw materials, cheap labor, and stringent government regulations will fuel the bioplastic packaging business in the APAC area.

Moreover, the abundant supply of sugarcane and oilseeds in countries like Brazil will act as a prominent factor for the business expansion in the Latin American bioplastic packaging market.

Competition in the market:

The bioplastic packaging market is consolidated with numerous market players that are investing heavily in the research and development activities to introduce novel products and increase their customer base.

BASF SE, based in Germany, is the prominent player in the global market for biodegradable plastic products. Good Natured Products Inc., is another noteworthy company in this business that witnessed around 80% increase in the previous year. Other prominent manufacturers here are Mitsubishi Chemicals, Biome Technologies, Avantium, NatureWorks, Corbion and others.

Key players of the market:

Some of the key players in the global bioplastic packaging market are

  1. BASF SE
  2. Mitsubishi Chemicals
  3. Biome Technologies
  4. NatureWorks
  5. Avantium
  6. Royal DSM
  7. Dow Chemical Company
  8. Braskern SA
  9. IFS Chemicals Ltd
  10. Good Natured Products Inc.
  11. BioPak
  12. Amcor Limited

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Bioplastic Packaging Market, By Product Type                             

                                6.1.1 Biodegradable Polymer     

                                6.1.2 Non-biodegradable Polymer           

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Bioplastic Packaging Market, By Packaging Type                         

                                6.2.1 Rigid           

                                6.2.2 Flexible     

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Bioplastic Packaging Market, By Application                 

                                6.3.1 Food & Beverages

                                6.3.2 Pharmaceuticals   

                                6.3.3 Consumer Goods 

                                6.3.4 Catering   

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Packaging Type

                                7.2.4 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Packaging Type

                                7.3.4 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Packaging Type

                                7.4.4 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Packaging Type

                                7.5.4 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Packaging Type

                                7.6.4 By Application        

8. Key Player Analysis                                    

                8.1 BASF SE                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Good Natured Products Inc.               

                8.3 Dow Chemicals Company                     

                8.4 Mitsubishi Chemicals                              

                8.5 NatureWorks                             

                8.6 Biome Technologies               

                8.7 Braskern SA                

                8.8 IFS Chemicals Ltd                     

                8.9 Avantium                    

                8.10 BioPak                        

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Type, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Bioplastic Packaging Market By Region, From 2020-2025 ( USD Billion )
  2. Global Bioplastic Packaging Market By Product Type, From 2020-2025 ( USD Billion )
  3. Global Biodegradable Polymer Market By Region, From 2020-2025 ( USD Billion )
  4. Global Non-biodegradable Polymer Market By Region, From 2020-2025 ( USD Billion )
  5. Global Bioplastic Packaging Market By Packaging Type, From 2020-2025 ( USD Billion )
  6. Global Rigid Market By Region, From 2020-2025 ( USD Billion )
  7. Global Flexible Market By Region, From 2020-2025 ( USD Billion )
  8. Global Bioplastic Packaging Market By Application, From 2020-2025 ( USD Billion )
  9. Global Food & Beverages Market By Region, From 2020-2025 ( USD Billion )
  10. Global Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  11. Global Consumer Goods Market By Region, From 2020-2025 ( USD Billion )
  12. Global Catering Market By Region, From 2020-2025 ( USD Billion )

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