Global Bioplastic Packaging Material Market Growth 2023-2029

Global Bioplastic Packaging Material Market Growth 2023-2029

Bioplastics are plastics made from renewable biomass sources or food crops such as vegetable fat, corn starch, vegetable oil, pea starch, and microbiota. The different types of bioplastics available include polymers that are directly extracted from biomass and processed, polymers that are made from bio-based precursors such as PLA, and polymers that are made by bacteria such as PHA and PHB. Bioplastics are different from conventional plastics, and they can be used to produce various products such as utensils, bags, furniture, carpets, films, bottles, cups, and packaging materials.

LPI (LP Information)' newest research report, the “Bioplastic Packaging Material Industry Forecast” looks at past sales and reviews total world Bioplastic Packaging Material sales in 2022, providing a comprehensive analysis by region and market sector of projected Bioplastic Packaging Material sales for 2023 through 2029. With Bioplastic Packaging Material sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bioplastic Packaging Material industry.

This Insight Report provides a comprehensive analysis of the global Bioplastic Packaging Material landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bioplastic Packaging Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bioplastic Packaging Material market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bioplastic Packaging Material and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bioplastic Packaging Material.

The global Bioplastic Packaging Material market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The demand for affordable and sustainable packaging solution for a diverse range of products determines the need for bioplastic packaging sales market. Mainly, the food and beverage industry encompasses the use of bioplastic packaging material for food packaging and other uses. Packaging solutions have paved a significant way among every food and beverage company. Bioplastics thus have expected to achieve a prominent position in the global F&B sector mainly due to the advantage it offers. The sources include biomass, biopolymers and bioplastics as the most innovative packaging materials for food materials which also augments the demand according to consumer preference. Increasing number of green initiatives being undertaken various regulatory bodies around the world has resulted in an increased awareness among consumers which is expected to be one of the primary drivers for the growth of the market. Moreover, growth of the global packaging market is likely to propel the growth over the projected period. Europe market is anticipated to grow at a higher CAGR in the forthcoming years owing to rising use of bioplastic packaging materials in the region. APAC market is also expected to witness a higher CAGR growth in the forthcoming period owing to growing emphasis on bioplastics packaging materials for food & beverage products.

This report presents a comprehensive overview, market shares, and growth opportunities of Bioplastic Packaging Material market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Bio-Degradable Material
Non-Biodegradable Material

Segmentation by application
Plastic Bottles
Food Packaging
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arkema
Dupont
NatureWorks
Heritage Pioneer Corporate Group
Novamont
Reverdia
Solvay
Corbion
Genomatica
Lanzatech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bioplastic Packaging Material market?

What factors are driving Bioplastic Packaging Material market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bioplastic Packaging Material market opportunities vary by end market size?

How does Bioplastic Packaging Material break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.