Global Bioplastics Packaging Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Bioplastics packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Bioplastics packaging industry growth, size, share, trends and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global bioplastics packaging market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.03% during 2023-2028.
Bioplastics packaging encompasses packaging materials made from bioplastics sourced from renewable resources like plants, vegetable oils, or starch. This eco-friendly alternative offers a lower carbon footprint and greater biodegradability or compostability compared to conventional plastics derived from fossil fuels. Its versatility is evident in various forms, such as bottles, containers, bags, and films. Notably, it’s employed in wrapping seeds, fertilizers, and other agricultural items, promoting sustainable farming practices. Its widespread use spans industries like food and beverage, cosmetics, and medical products.
Global Bioplastics Packaging Market Trends and Drivers:
The global market is experiencing significant growth due to the increased utilization of bioplastics packaging in cosmetics. This encompasses containers for various beauty products such as creams, lotions, foundation, perfume, cologne, shampoo, conditioners, shower gels, and more. Moreover, the market is also being propelled by the rising adoption of bioplastics packaging in the food and beverage (F&B) industry. This involves packaging food items like fresh produce, snacks, and beverages, providing a renewable and compostable alternative. Furthermore, the market is positively impacted by the expanding use of bioplastics packaging in the catering and hospitality sectors. This application extends to disposable plates, cutlery, and containers, contributing to a reduction in single-use plastic waste.
Global Bioplastics Packaging Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: ALPAGRO Packaging, Amcor plc, Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Braskem S.A., Eastman Chemical Company, Koninklijke DSM N.V., Mondi PLC, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A, Tetra Laval International SA, TIPA Corp Ltd. and WestRock Company.
The report segmented the market on the basis of region, product type, packaging type and end user.
Breakup by Product Type:
Breakup by Packaging Type:
- Flexible Plastic Packaging
- Rigid Plastic Packaging
Breakup by End User:
- Consumer Goods
- Industrial Goods
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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