Global Biopolymer Packaging Market Size study & Forecast, by Material Type (Non-biodegradable, Biodegradable), by End-user Industry (Food and Beverages, Retail, Healthcare, Personal Care/Homecare, Other End-user Industries) and Regional Analysis, 2023-2030
Global Biopolymer Packaging Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Biopolymer packaging refers to the use of biopolymers, which are polymers derived from renewable resources, as materials for packaging applications. These biopolymers are typically derived from sources such as plants, animals, or microorganisms, and they offer several advantages over traditional petroleum-based plastics. The key factors such as cohesive government regulations for bio-based packaging solutions, rising awareness for human well-being and eco-friendly products, and growing research and development activities on biopolymer are anticipated to create lucrative opportunities for the market during forecast period.
Moreover, growing research and development (R&D) activities on biopolymers play a crucial role in supporting the growth of the Biopolymer Packaging Market. In Jan 2020, in a collaborative research project, the Fraunhofer Institute for Microstructure of Materials and Systems and the technical film producer Polifilm Extrusion GmbH are collaborating on engineering biopolymer-based films for food packaging. Chitosan coatings are utilized in this effort to boost the food's resistance to the effects of microbes. Also, in Oct 2019, the multinational food company Nestlé from Switzerland launched a new research lab with a focus on packaging waste. It is approaching this difficulty in five stages. The company wants to break new ground with its biopolymer research since these materials can break down in a composting environment and are biodegradable. Additionally, growing food and beverages industry and rising development of biopolymer packaging are anticipated to create lucrative opportunities for the market during forecast period. However, the performance issues with bio-based materials and high cost of bio-packaging materials may stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Biopolymer Packaging Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the presence of key market players, the rise of the industry in Europe has also been aided by strong buying power and great awareness among the population at large. Asia Pacific is expected to grow significantly during the forecast period, The expansion of the market in the area is attributed to rising consumer awareness and a growing restriction on single-use plastic, especially in nations like Taiwan, Malaysia, India, and others. As part of its environmental reform drive, China has also stopped importing plastic waste for recycling and is instead concentrating on sustainable growth. Over the course of the forecast period, developments like these are anticipated to fuel the expansion of the regional biopolymer packaging market.
Major market players included in this report are:Dow Chemical Company
Novamont S.p.A
Innovia Films, Ltd
NatureWorks, LLC
Braskem S.A, Ltd.
Mondi Group
Taghleef Industries Inc.
Clondalkin Group Holdings BV
Sonoco Products Company
Berry Plastics Group Inc.
Recent Developments in the Market: In June 2019, Amcor introduced AmLite Ultra Recyclable, the first packaging solution created using the company's advanced, more environmentally friendly high-barrier polyolefin film, which was initially unveiled last year. The new high-barrier laminate may be recycled in the current polyolefin recycling streams and can be used to package a variety of food, home, personal care, and pharmaceutical items.
Global Biopolymer Packaging Market Report Scope: Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Material Type, End-user Industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
Non-biodegradable
Biodegradable
By End-user Industry:
Food and Beverages
Retail
Healthcare
Personal Care/Homecare
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Companies MentionedDow Chemical Company
Novamont S.p.A
Innovia Films, Ltd
NatureWorks, LLC
Braskem S.A, Ltd.
Mondi Group
Taghleef Industries Inc.
Clondalkin Group Holdings BV
Sonoco Products Company
Berry Plastics Group Inc.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.