The global biopolymer packaging market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising R&D activities to enhance the recycling characteristics of plastics.
Biopolymers are biodegradable polymers made of starch, sugar, and cellulose, among others. These polymers can easily replace current produced paper and paperboard coatings. Biopolymer-based materials has increased the interest from the packaging industry due to rising concerns regarding negative impacts of conventional petroleum-based polymers. Biopolymers are obtained from maintainable resources such as corn, sugarcane, or soybean oil and don't send any harmful gases into environment.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing development of biopolymer packaging is expected to boost the biopolymer packaging market.
- Rapid urbanization and industrialization are key factors fueling the market growth.
- Growing demand for conventional oil-based coating can restrain the growth of the market.
- Unpredictability in the costs of raw petroleum and restricted accessibility of non-renewable energy sources can restrain the growth of the market
- Stringent government regulations regarding plastic usage have been driving the growth of the bio-polymer packaging market.
Scope of the Report
The report on the biopolymer packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Biopolymer packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Material Type (Non-biodegradable [PET, PA, PTT, Others], Biodegradability [PLA, Starch Blends, PBAT and Others]), End-users (Food and Beverages, Retail, Healthcare, Personal Care/Homecare, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Clondalkin Group Holdings BV; Sonoco Products Company; Mondi Group; Taghleef Industries Inc.; and Berry Plastics Group Inc.
Biopolymer Packaging Market Segment Insights
Biodegradability segment is expected to grow at a rapid pace
Based on material types, the market is divided into non-biodegradable and biodegradability. The non-biodegradable segment is further classified as PET, PA, PTT, and others. The biodegradability segment is further segmented into PLA, starch blends, PBAT, and others. The starch blends sub-segment is growing at a rapid rate as it’s the most common biomass source used for the production of biopolymers. Starch based biopolymers such as films and plastics are extensively used in the packaging industry.
Food and beverages segment is anticipated to constitute a key market share
Base on end-users, the biopolymer packaging market is categorized as food and beverages, retail, healthcare, personal care/homecare, and others. The food and beverages segment is expected to grow at a sustainable rate in the manner. The industry’s increasing focus on sustainability has encouraged several food and beverages manufacturers to adopt biopolymer-based packaging solutions in lieu to curb greenhouse gas emissions. However, the retail segment is estimated to hold a robust rate due to rapid growth in the e-commerce activities.
North America is anticipated to constitute a large market share
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to expand at a rapid pace during the forecast period owing to rapid developing concerns in regards to food wastage due to the expiry of the items, has enabled the organizations in the area to select innovative solutions. On the other hand, Asia Pacific is expected to hold a significant market share in the coming years.
The global biopolymer packaging market has been segmented on the basis of
- Starch Blends
- Food and Beverages
- Personal Care/Homecare
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the biopolymer packaging market are Clondalkin Group Holdings BV; Sonoco Products Company; Mondi Group; Taghleef Industries Inc.; and Berry Plastics Group Inc.
In October 2017, NatureWorks developed a durable Hydrophilic Ingeo, which is better than its polypropylene counterpart. The material is likewise found to provide its expanded breathability and skin consistency, which has made it ideal for use in diapers, grown-up incontinence, and female cleanliness items.